Getting climate, energy & environment news right.

JPMorgan agrees to purchase $200 million worth of carbon removal
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JPMorgan agrees to purchase $200 million worth of carbon removal

"JPMorgan also signed a deal with Charm Industrial, a carbon storage company that converts excess organic material such as corn stover — the stalks, leaves and cobs that remain in fields after the corn harvest, and which would otherwise decay and release carbon dioxide into the air — into a bio-oil and then put that oil into the ground in abandoned oil wells. The deal with Charm aims to remove and store the equivalent of approximately 28,500 metric tons of carbon dioxide over five years."

An American Oil Hub Is Pivoting to Offshore Wind
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An American Oil Hub Is Pivoting to Offshore Wind

"The number of active projects show that the Gulf's offshore expertise, earned through decades of oil and gas operations, translates well to supporting wind farms currently under construction. Out of about 1,200 contracts signed by US companies for offshore needs like survey work, electric substations and cables, companies in the Gulf and the South have scored 23% of the total, according to a tally kept by the industry group Business Network for Offshore Wind." 

Exxon Joins Hunt for Lithium in Bet on EV Boom
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Exxon Joins Hunt for Lithium in Bet on EV Boom

"Lithium production would also diversify Exxon’s portfolio and expose it to a rapidly growing market. The company is positioning other parts of its business to accommodate electric vehicles. Exxon executives have said many of its chemical products supply EV manufacturers, whose cars are made with plastics and other petroleum products."

Italy’s Enel to invest more than $1 bln in Oklahoma solar panel factory
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Italy’s Enel to invest more than $1 bln in Oklahoma solar panel factory

Nichola Groom of Reuters reports that Enel is investing more than $1 billion into building a solar panel factory in Oklahoma. “Enel’s U.S. manufacturing arm, 3Sun USA LLC, selected the 300-acre site in Oklahoma because it has water and power utilities and a workforce in the region that can immediately support its large factory.” Read...

$14 Billion Deal to Create Mega-Pipeline Company
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$14 Billion Deal to Create Mega-Pipeline Company

"The proposed tie-up would be by far the biggest U.S. energy deal announced so far this year. Some analysts have said the U.S. oil-and-gas sector is ripe for major corporate transactions this year, after energy prices surged last year and left companies with a large windfall of cash. In Oneok’s case, much of the cash portion would be financed through a debt offering, it said."

NuScale in talks to build SMR plant in S.Korea: NuScale CEO
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NuScale in talks to build SMR plant in S.Korea: NuScale CEO

Jae-Fu Kim of The Korea Economic Daily reports that NuScale is in talks to build a small modular reactor (SMR) plant in South Korea. “The NuScale Power Module is built based on pressurized water-cooled reactor technology and can supply power for electrical generation, district heating, desalination, commercial hydrogen production and other process heat applications, according...

Ultra Safe Nuclear Corporation, Hyundai Engineering, & SK ecoplant Sign MOU for Clean Hydrogen Production
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Ultra Safe Nuclear Corporation, Hyundai Engineering, & SK ecoplant Sign MOU for Clean Hydrogen Production

BusinessWire reports that Ultra Safe Nuclear Corporation, Hyundai Engineering, and SK ecoplant have agree to develop clean hydrogen with micro nuclear power. “The ‘Hydrogen Micro Hub’ is a facility that produces hydrogen by applying a high-temperature electrolysis process of solid oxide electrolysis cells (SOEC) to the electricity and high-temperature steam generated by USNC’s Micro-Modular™ Reactor...

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