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 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 —...
Maine Attorney General Aaron Frey (D) this week announced a lawsuit against major oil companies and their top lobbying group, alleging they knowingly concealed the role of fossil fuels in climate change for decades. Frey said Tuesday that defendants in the lawsuit include Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute (API). In a nearly 200-page complaint, the state alleges...
The energy landscape in the U.S. is undergoing a seismic shift, owing in part to the exponential growth of generative artificial intelligence (AI) applications and data centers, according to McKinsey & Company. This rise in energy demand is further exacerbated by the country’s increasing seasonal cooling and heating needs due to extreme weather. To offset the rising...
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...
A coalition of Michigan companies, labor, business and environmental groups are rallying behind a trio of bills that would give Michigan the ability to permit carbon capture and sequestration projects in the state. That would pave the way for more aggressive adoption of the technology, the supporters said during a Tuesday virtual press conference about...
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