"Many developers bid aggressively in state auctions to win those contracts but are now locked into agreements that didn’t account for rising costs, said Sam Huntington, director of North American power and renewables at S&P Global Commodity Insights."
Here’s why gas prices will remain high after the midterm elections
“'On a global level, the 15 million barrels equates to a few hours’ worth of consumption,” [Loris] said. 'That’s not really going to move the needle on prices at the pump, especially because the market is already anticipating the release of the reserves.'”
An Oil Export Ban Would Backfire, Warn Experts
As Biden scrambles to keep energy from rising, some have suggested that his administration consider banning crude oil exports. Doing so would be misguided and impose more economic harm on American families by curtailing supply and driving prices at the pump higher.
Palm oil is in almost everything, and it’s devastating rainforests. This Bill Gates-backed company used microbes to create an alternative
"To make its palm oil alternative, C16 Biosciences uses a wild type yeast microbe that makes a functional equivalent to palm oil with a kind of fermentation process. And fermentation — which is what has been used to make wine, beer and cheese for ages — is a 'really, really robust, scalable process,' Heller said."
Wall Street Firm Makes a $1.8 Billion Bet on Forest Carbon Offsets
"The 56 properties are mainly hardwood forest and range from Michigan’s Upper Peninsula down to Louisiana’s Atchafalaya Basin, over to the Apalachicola River in Florida, up through Appalachia and to New York’s Adirondack Mountains."
Energy prices threaten Mass. offshore wind project
Heather Richards writes in E&E News about an offshore wind project that is being threatened by high energy prices. “A Massachusetts offshore wind farm says it may not be viable without changes to a power contract with the state, citing escalating global energy costs and a supply chain crisis that could chill the fledgling market...
Ascend Elements raises $200 million to recycle EV batteries
"A study by UC Davis researchers found that recycling could meet up to 11% of lithium demand by 2035. Plus up to 18% for cobalt and 17% for nickel. Another white paper, from the International Council on Clean Transportation, concluded that 90% of critical materials needed for EV batteries could be sourced via recycling by 2040."
$4.4 Billion EV Battery Plant to be Built in the U.S.
The EV revolution has arrived in America and, with buy-in from the private sector, it is here to stay.
Welcoming the largest generator of clean power in the US
Rich Powell writes in The Hill on new nuclear power in the U.S. “Clean, reliable power and new international energy markets — it almost sounds too good to be true. America invented nuclear power. And once again, we are putting the pieces in place to lead the world.” Read the full article here.
Global Nuclear Fuel and TerraPower Announce Natrium Fuel Facility
"The Natrium Fuel Facility will be jointly funded by TerraPower and the U.S. Department of Energy (DOE) through the Advanced Reactor Demonstration Program, which aims to speed the demonstration of advanced reactors through cost-shared partnerships with U.S. industry. The facility represents an investment of more than $200 million."