As the demand for sustainable building continues to grow, private-sector innovators and entrepreneurs are responding by developing environmentally-friendly ways to build our cities and necessary infrastructure.
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Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects
"Sempra Infrastructure is currently developing multiple world-class energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basins, as well as new opportunities in renewable energy, carbon capture and sequestration, as well as other pathways to produce clean hydrogen and ammonia leveraging the resources available in different regions."
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California’s Climate Policy Gets Burned
"While utilities rushed to meet state renewable energy mandates—one reason California’s electric rates are double those in neighboring states—tree-trimming and burying power lines were a low priority. Some of the state’s most destructive wildfires were caused by utility power lines and equipment."
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Lithos, a Seattle agtech startup that uses basalt rocks to help farmers remove carbon, lands $6.3M
"The startup uses software to custom-deploy the basalt rock based on variables such as soil chemistry and crop nutrition. The software also measures carbon removal volume."
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Small Modular Reactors Could be Key to Achieving a Secure Energy Future
SMRs are ready to play a key role in achieving a clean energy future.
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X-energy Brings Advanced Nuclear Power Closer to Market Viability
Through energy innovation such as this, companies like X-energy are bolstering American energy security in an economically and environmentally feasible way.
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Green steel innovator Electra scores $85M backing
"Electra is planning to complete the build of its first iron ore refining pilot plant at its headquarters in Colorado next year, as it pushes forward with its broader aim to have its first commercial-scale plant up and running before the end of the decade. The firm said it is also aiming to forge additional partnerships across the entire steel value chain in order to accelerate the transition to green steel."
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BP Bets Big on Biofuel
"BP highlighted that it has paid four times the forecast 2027 Ebitda, but the valuation amounts to around 28 times Archaea’s 2022 figure. While that is aggressive, BP isn’t alone in expecting big growth in biofuels. Montauk Renewables, another U.S.-listed pure play, trades at an enterprise value of 22.5 times Ebitda."
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Fervo Energy signs 15-year PPA with Southern California electricity provider
"Fervo Energy brings a variety of innovative technologies to the geothermal power space including horizontal drilling and distributed fiber optic sensing that it uses to deliver more reliable and cost-effective projects. This approach makes geothermal power accessible in far more places than before and dramatically increases its potential as a widespread energy source."
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Drones and satellites are making better, life-saving hurricane forecasts
"For storm intensity forecasts in particular, NOAA has been developing a new system known as HAFS — the Hurricane Analysis and Forecast System — and hopes to implement it next spring. HAFS will 'provide an operational analysis and forecast out to seven days' and allow scientists 'to see multiple storms at once to understand how they interact,' NOAA says."