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...
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 —...
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...
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...
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...
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....
Donald Trump won a decisive victory last week and will reoccupy the Oval Office in January. Polls suggest that dissatisfaction with the economy was one of the main reasons for his comeback and experts attribute the better economy during his first term to his tax cuts and deregulation (more than his immigration and trade policies). While Trump made fewer campaign promises...
President-elect Trump has made it clear that reducing the national debt will be a top priority for his administration. Adding to this focus, Elon Musk has thrown his weight behind the proposed Department of Government Efficiency, or DOGE, a bold initiative aimed at scrutinizing government spending and revenues. The offshore sector, encompassing oil, gas, wind, and...
The Federal Energy Regulatory Commission (FERC) recently rejected a request to increase power generation for a data center located next to a nuclear power plant in Pennsylvania. The U.S. will need to rapidly scale up power generation to meet future demand from AI and large data centers. This decision shows how challenging this task will be. In...
Minutes after pundits and political strategists received exit poll data, they began unpacking why voters of all ages, genders, and ethnicities voted for Donald Trump to be the 47th president.
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