Nv Energy Cuts Ribbon For $257M Battery Facility To Boost Solar Around Las Vegas | Energy | Business
NV Energy held a ribbon cutting ceremony for a $257 million battery facility that can stretch the use of solar power into the night and store energy for about 165,000 homes.
Bhp Group Makes Nearly $40B Bid To Acquire Rival Anglo American
If the deal goes through, the merged entity will be the world’s biggest copper producer accounting for around 10% of global output.
The Oil And Gas Industry Might Be What’s Keeping Biden’s Economy Humming On Paper Despite ‘regulatory Assault’ | The Daily Caller
'Industry-killing domestic regulations':
Oil and gas production is stubbornly hanging on as a key source of economic growth amid a “regulatory assault” from the Biden administration that seeks to wean the U.S. off of fossil fuels, experts told the Daily Caller News Foundation. Real U.S. gross domestic product (GDP) grew 2.5% in 2023, with the states experiencing the most growth owing largely to their mining sectors, which include oil and gas extraction, according to data from the Bureau of Economic Analysis (BEA).
Iea Says Global Ev Demand 'motoring Along' As Sales Tipped To Be One-in-five In 2024 - Abc News
Amid plans by some automakers to hit the brakes on EV expansion plans, the International Energy Agency says demand is set to surge in 2024.
‘huge Step Back’: Dem Rep Slams Biden Admin For Climate Decision Strangling Oil Industry | The Daily Caller
The administration failed 'to strike a balance':
The Biden administration just announced sweeping moves to limit fossil fuel development in energy-rich Alaska, and Democratic Rep. Mary Peltola isn’t happy about it. The Department of the Interior (DOI) on Friday approved a rule restricting new oil and gas leasing across 13 million acres of federal land in northern Alaska and effectively blocking a road crucial to a large mining project.
Chinese Export Surge Clouds U.s. Hopes Of A Domestic Solar Boom - The New York Times
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
Rio Tinto Group: The Pullback In Iron Ore Prices Creates A Buying Opportunity (nyse:rio)
There are few commodities more volatile than iron ore. While many base metals and other products that are bought and sold often have unpredictable and strong price movements, bulk metals frequently see more severe price changes. The Rio Tinto Group (NYSE:RIO) is the largest iron ore producer in the world. The British-Australian company gets nearly 80 percent of the mineral provider's profits from the iron ore market, but the industry leader also sells aluminum, copper, and other minerals. Rio sells primarily into the seaborne industry, and China makes up over two-thirds of the demand in this part of the market.
Global Partners Closes $212mm Acquisition Of 4 Gulf Oil Terminals
The assets will 'further enhance Global's position in the energy economy of the Northeast'. :
Massachusetts-based Global Partners LP has completed its $212.3 million acquisition of four liquid energy terminals from Gulf Oil Limited Partnership. The terminals are strategically located in Chelsea, Massachusetts; New Haven, Connecticut; and Linden and Woodbury, New Jersey. The assets “will further enhance Global’s position in the energy economy of the Northeast,” the partnership said in a news release Tuesday. With a combined shell capacity of approximately 3.0 million barrels, the terminals expand Global’s ability to store and distribute gasoline, distillates, and ethanol, it said.
Renew Aims To Double Green Energy Portfolio To 20 Gw By Fy28
ReNew is shifting its focus to round-the-clock renewable energy projects. :
ReNew Energy Global Plc, a Nasdaq-listed decarbonisation firm, aims to double its renewable energy portfolio to 20 GW within the next four years. On Wednesday, the company said that it added 1.94 GW of green energy assets in the recently concluded fiscal year 2024 (FY24), pushing up its total capacity to over 10 GW. Taking into account the assets it sold, ReNew's revenue-generating capacity stood at 9.52 GW as of 31 March 2024.
Maxeon Solar Technologies Preliminary Earnings: Don't Buy This Dip (nasdaq:maxn)
Maxeon Solar Technologies (NASDAQ:MAXN) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip. Not only are its revenues expected to shrink by 37% y/y, but more crucially, its net debt position has significantly increased. What's more, the business' underlying cash burn is rapidly increasing. Maxeon Solar Technologies operates in the solar energy industry. They focus on two main areas: utility-scale solar projects and distributed generation (''DG''), which includes residential and commercial solar installations. In utility-scale projects, they manufacture solar cells and panels for large-scale solar farms, primarily in the United States.