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ENERGY NEWS

ExxonMobil and EV battery maker SK On sign MOU regarding U.S. produced Mobil™ Lithium

ExxonMobil has signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of MobilTM Lithium from the company’s first planned project in Arkansas. SK On plans to use the lithium in its EV READ MORE »

RBC unveils retail branch retrofit plan to help reduce carbon emissions

While you may not see it, your local RBC bank branch is working towards being powered differently in the coming years. A multi-million-dollar plan to retrofit RBC’s Canadian 1,200 branch network aims to cut 10,000 tonnes of onsite carbon emissions from its operational footprint. The bank will embark on a major initiative that will accelerate READ MORE »

PetroChina joins Oil and Gas Decarbonisation Charter

PetroChina, a unit of the state-owned China National Petroleum Corporation, has become one of the 53 signatories of the Oil and Gas Decarbonisation Charter (OGDC), according to Dr Sultan Al Jaber, COP28 President, The National reported. PetroChina, which accounts for 3.5% of the world’s oil production, joining the charter marks a “significant moment for Chinese READ MORE »

Intersect Power Secures $837 Million In Project Financing To Build 1 Gwh Of Battery Energy Storage Systems (Bess) In Texas

Intersect Power announced the closing of two separate transactions representing an aggregate of $837 million of financing commitments for the construction and operation of three standalone Battery Energy Storage Systems (BESS) in Texas. The transactions cover portfolio-level construction debt, tax equity, and term debt financing with industry-leading partners. All three BESS — Lumina I, Lumina READ MORE »
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