Tag: clean energy
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Earth’s Hidden Power: The Future of Geothermal Energy
The Overlooked Renewable In the contemporary narrative of renewable energy, solar and wind power often dominate the discourse, hailed as the standard-bearers in our collective effort to combat climate change. However, nestled within the shadows of these giants lies a potent yet significantly underutilized resource: geothermal energy. While less conspicuous in the global energy conversation,…
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Impact of the Inflation Reduction Act on U.S. solar energy
A transformative new policy propels the solar industry forward The U.S. solar market is experiencing a significant shift. With the introduction of the Inflation Reduction Act (IRA), the nation’s commitment to clean energy has taken a monumental leap. The legislation is reshaping the long-term prospects of the solar industry and providing new insights into what…
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From coal mine to renewable energy project
BrightNight, Rivian, and The Nature Conservancy reveal plans for the Starfire Renewable Energy Center Once upon a time, Starfire Mine in Talcum, Kentucky was one of the largest coal mines in the United States. Today, it’s slated to be transformed into a center for solar energy, marking an important shift in the energy landscape of…
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Sunrun, clean energy, Puerto Rico, and Virtual Power Plant
Turning adversity into opportunity with locally generated solar power and home batteries Sunrun, a leading figure in the U.S. home solar, battery storage, and energy services industry, has secured an exclusive contract with Puerto Rico’s electric utility provider to revolutionize the island’s energy system by creating a 17-megawatt virtual power plant (VPP). This project marks…
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Energizing Rural Communities Prize: winners
Innovation and sustainable futures in America’s rural landscapes In the pursuit of a greener future, it is imperative that no communities are left behind. It’s with this ethos that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) has launched the Energizing Rural Communities Prize. This innovative initiative seeks to help rural and…
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Boosting American solar power with a $1.5 billion investment
Joint venture sets sights on integrated solar production A new and robust commitment to American solar power, with a joint venture of Vikram Solar, Phalanx Impact Partners, and Das & Co. declaring an investment of up to $1.5 billion for scaling a vertically integrated production of American-made solar. The investment is a strategic move designed…
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U.S. EV battery expansion: BlueOval SK secures $9.2B loan
The Department of Energy bolsters American EV battery production with a significant investment in BlueOval SK. The U.S. Department of Energy’s Loan Programs Office (LPO) recently announced a conditional commitment for a loan of up to $9.2 billion to BlueOval SK LLC (BOSK), a significant entity in the EV battery sector. BlueOval SK’s integral role…
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KORE Power: $850 million for advanced battery manufacturing
U.S. Department of Energy supports domestic lithium-ion battery production in Buckeye, AZ. KORE Power, Inc. (KORE), leading U.S.-based developer of battery cell technology, has secured a conditional commitment of $850 million from the U.S. Department of Energy’s Loan Programs Office (LPO). This key financial injection will support the construction of the company’s state-of-the-art battery cell…
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New Jersey’s floating solar array, North America’s largest
NJR Clean Energy Ventures, New Jersey American Water Pioneer Renewable Energy Innovation New Jersey, a state renowned for its many inventions, is now home to an unprecedented innovation – North America’s largest floating solar array. Situated on the Canoe Brook reservoir, the 8.9-megawatt solar behemoth is comprised of 16,510 solar panels, spanning 17 acres and…
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U.S. invests $46M in commercial fusion energy development
Eight companies get funding to drive US leadership in fusion energy The U.S. Department of Energy (DOE) has announced a $46 million investment in fusion energy development. Aimed at bolstering research, development, and commercial viability, the funding will aid eight companies in different states. The hope is to kindle an energy revolution akin to creating…