Getting climate, energy & environment news right.

Evelution Energy Receives $200 Million LOI From U.S. EXIM Bank to Fund Construction of U.S. Cobalt Processing Facility
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Evelution Energy Receives $200 Million LOI From U.S. EXIM Bank to Fund Construction of U.S. Cobalt Processing Facility

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...

Rivian awarded $6.6 billion DOE loan to build EV facility in Georgia
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Rivian awarded $6.6 billion DOE loan to build EV facility in Georgia

Electric vehicle manufacturer Rivian will receive nearly $6.6 billion from the Biden administration to construct a factory in Georgia as part of the White House’s agenda to expand the EV industry. The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing...

Why Going Nuclear Is Vital to America
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Why Going Nuclear Is Vital to America

Production of clean, safe, and reliable nuclear energy is a vital part of America’s energy future. Once a reactor is built, it becomes a lasting part of America’s energy infrastructure. An insightful new book by Jack Spencer, “Nuclear Revolution: Powering the Next Generation” (Optimum Publishing International) describes what America has to do to ramp up...

New Pennsylvania program aims to fast track permitting process for big economic projects
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New Pennsylvania program aims to fast track permitting process for big economic projects

Governor Josh Shapiro signed an executive order establishing the first program of its kind in the nation to give critical projects a leg up during the permitting processes. The governor calls the initiative a “game changer” for economic development in the Keystone State. “We need to move quickly to get big projects built and to...

DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
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DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln

 Pipeline operator DT Midstream (DTM.N), opens new tab said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK (OKE.N), opens new tab for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U.S. industry. Increased consolidation among oil and gas producers and hurdles in getting new energy infrastructure approved...

Unleashing New Potential for State Trust Lands
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Unleashing New Potential for State Trust Lands

In October, The Property and Environment Research Center (PERC) published a report, Diversifying State Trust Land Revenue Through Conservation Uses, which examines the growing shift toward conservation-oriented management of state trust lands in the American West. These 40 million acres, granted to the states by the federal government to generate revenue for public schools and...

Houston firm closes oversubscribed $450M fund for clean energy innovation
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Houston firm closes oversubscribed $450M fund for clean energy innovation

Houston-based private equity firm Pelican Energy Partners has raised a $450 million fund to invest in nuclear energy services and equipment companies. Pelican had aimed to raise $300 million for Pelican Energy Partners Base Zero LP and had imposed an initial “hard cap” of $400 million. Investors include endowments, foundations, family offices, and pension plans....

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