The US energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by US government officials, who said President Joe Biden’s clean energy plan was critical to reviving the industry. The US energy workforce, from fossil fuels to solar power, shed […]
NewHydrogen Continues Progress on Lowering the Price of Green Hydrogen
NewHydrogen COO highlights the company’s technological and corporate milestones, and outlines next steps. SANTA CLARITA, Calif. : NewHydrogen, Inc. (OTC:NEWH), a developer of clean energy technologies, today provided an update outlining corporate milestones and the next steps to establish longer-term commercial viability. “NewHydrogen has made significant progress towards its goal of developing technologies that lower […]
Biden Seeks to Cut Energy Storage Costs By 90% Within Decade
The Biden administration announced Wednesday an ambitious goal of cutting the cost of energy storage by 90 per cent within a decade, an effort officials say is necessary to achieve the president’s climate goals. Spearheaded by the Energy Department, the plan seeks breakthroughs that will be critical for the use of power from solar, wind […]
US Senate Panel Passes Climate Measure Likely to Shape Infrastructure Bill
WASHINGTON : A US committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure bill. The Senate energy panel voted 13 to 7 to pass the bill, which includes funding to help the power grid handle more electricity from renewable sources […]
IPhone Maker Foxconn Discusses Plans For Electric Vehicle Plant in US
In May, Foxconn and electric car manufacturer Fisker Inc finalised a vehicle-assembly deal. Foxconn aims to provide components or services to 10 per cent of the world’s EVs by 2025 to 2027.Taiwan’s Foxconn said on Friday it was in talks with the US state of Wisconsin about building electric vehicles there, part of the major […]
Biden Climate Czar Vows Clean-Energy Edict If Congress Fails
A standard is seen as crucial to Biden’s decarbonization goal Regulations may fill gap if Congress fails, Gina McCarthy says Congress should enact a clean-electricity standard that forces utilities to pare greenhouse gas emissions, but if lawmakers fail to deliver, the administration is prepared to act on its own, President Joe Biden’s climate chief told […]
Foxconn Discussing Electric Vehicle Plant in Wisconsin
Taiwan’s Foxconn said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc supplier’s push to diversify income streams. Foxconn and electric car manufacturer Fisker Inc said in May that they had finalised a vehicle-assembly deal. They did not identify a location, […]
Could Australia Follow US Ban on Solar Panel Materials Linked to Forced Labour?
Australia’s solar industry could be about to face major supply challenges, following proposals to mirror moves by the United States to ban imports of ingredients key to solar panel manufacturing that have been linked to forced labour practices. China is the world’s largest producer of polysilicon materials for use in solar panels and dominates the […]
Fitch Assigns Stable Outlook to ReNew RG II’s $525 Million Notes at BB
Fitch Ratings has assigned a stable outlook to ReNew RG II’s $525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch Ratings has assigned a stable outlook to ReNew RG II’s USD525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch now rates ReNew RG […]
Bill Gates-Backed Heliogen to Go Public Through $2 Billion SPAC Deal
Bill Gates-backed solar power firm Heliogen Inc will merge with a special-purpose acquisition company (SPAC) to go public in a deal that values the combined entity at about $2 billion, the companies said on Wednesday. The merger with Athena Technology Acquisition Corp, a women-led SPAC that raised $250 million in its initial public offering in […]