WASHINGTON DC - As many as 157 retired coal plants and 237 operating coal plant sites across the U.S. could be converted to nuclear power and help the country reach its net-zero emissions goals by 2050, the U.S. Department of Energy said in a report on Tuesday. The report showed that among the retired or active plant
IRVINE, Ca. - Rivian just added almost $3 billion to its market capitalization in a day, and all it took was a fairly bare-bones deal with Mercedes-Benz. The upstart and Mercedes-Benz will join forces to build big electric vans in Europe “in a few years,” the two revealed Thursday, sending Rivian shares soaring 11 percent, their biggest jump in four
ALBUQUERQUE, New Mexico - Sandia National Laboratories researchers have developed a fundamentally new type of rotary electrical contact. The technology is called Twistact, and it will eliminate the need for expensive rare-earth magnets in large wind turbines. Sandia’s Twistact is a novel approach to transmitting electrical current between a stationary and rotating frame, or between
LONDON, UK - Renewable energy is set for an unprecedented boom in the United States in the wake of its first ever climate bill, with the capacity of solar and wind projects expected to double by the end of the decade and providing the bulk of total American electricity supply, new analysis has shown. The
WASHINGTON, D.C.—The U.S. Department of Energy issued a Request for Information seeking input on the $10.5 billion Grid Resilience and Innovation Partnership Program to enhance the resilience and reliability of America’s electric grid. The RFI seeks information from states, Tribes, communities, utilities, project developers, and other key stakeholders to help refine the funding opportunity announcement
WASHINGTON DC - President Joe Biden has signed a bill into law that will make used electric cars cheaper than ever — but there's a lot that buyers should consider before purchasing a secondhand electric vehicle. The Inflation Reduction Act revises the current tax credit for EV purchases and adds an up-to-$4,000 incentive for used cars. The program goes
WASHINGTON DC - The Inflation Reduction Act recently passed by Congress adds significant long-term certainty for electric utilities and power generators eager to transition to cleaner power sources, but the effects won't be felt for a few years. That doesn't mean industry is waiting around in the meantime. In an astonishing trend, the United States
LONDON, UK - A massive offshore wind project has been underway off the coast of England for over four years. Construction of Hornsea One started in January 2018, and generated its first power a year and a half later. Meanwhile, construction of neighboring Hornsea Two got underway, with that site first coming online last December. Now the project is at
SAN FRANCISCO - With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power. Today the U.S. has just two operating offshore wind farms, off of Rhode Island and North Carolina, with
BILLINGS, Mont. — The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon and other industry players: the
