The U.S. Department of Energy Monday conditionally committed $7.54 billion to finance two electric vehicle facilities in Kokomo as part of an effort to bolster American EV battery manufacturing and reduce reliance on foreign sources. The federal financial commitment to large-scale lithium-ion battery production will “ensure the United States can meet domestic demand and remain a global...
One thing Hollywood is very good at is scaring the bejesus out of Americans — even when it is merely spreading false fears. A 1979 movie called “The China Syndrome” chronicled a nuclear power accident that could kill tens of thousands of Americans with radiation poisoning. The title came from a spooky fairy tale...
China’s crude oil imports are on track to peak as soon as next year as transport fuel demand begins to decline for the world’s top crude buyer, ending the country’s decades-long run as the dominant driver of expanding oil consumption. The speed of its transition to electric mobility has stunned oil producers and investors. No...
Evelution Energy LLC (“EVelution Energy” or the “Company”) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM“) for a loan of up to $200 million, with tenor of 18 years, to fund the construction and operation of its solar-powered cobalt production facility...
GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide emissions. The company’s small modular reactor, or SMR, is designed to reduce the cost of building...
Repurposing airfields, building on landfills, and blending with cranberry bogs, Syncarpha Capital wants to change the energy scene. Syncarpha Capital’s aim is to transform the energy landscape by reducing or completely removing obstacles to the mass use of solar energy and energy storage in the United States. Recently, a couple of community projects expressed their...
The space race is in full gear. In 2022, the space sector accounted for 0.5% of the nation’s GDP, or $131.8 billion. According to the latest government data, the industry also experienced real GDP growth of 2.3%, higher than the overall U.S. growth rate of 1.9%. Additionally, the space economy has been a significant driver...
The House Oversight and Accountability Committee is bringing in top Biden administration energy officials for a Dec. 4 hearing on the administration’s decision to pause approvals for certain new liquefied natural gas (LNG) export facilities. Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Chairman Pat Fallon, a Republican from Texas, will be hosting the...
For the first time in more than two decades, researchers at the US Los Alamos National Laboratory (LANL) have performed critical experiment using high-assay low-enriched uranium (HALEU) TRISO (TRI-structural ISOtropic) fuel. The Deimos experiment was performed at the National Criticality Experiments Research Centre (NCERC) outside of Las Vegas, operated by LANL at the Nevada National...
If you aren’t paying much attention to carbon credits, a new report might make you change your mind. According to new data from Research and Markets, the global market for just carbon credit trading platforms alone is estimated to skyrocket from its 2023 total of $142.4 million to just under $600 million by 2030 —...
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