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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
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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
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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
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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
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Avangrid Produces First Energy from True North Solar Project in Texas, Construction Continues On Schedule
Avangrid, a sustainable energy company and member of the Iberdrola Group, announced that it has begun to produce power from the True North solar project in Falls County, Texas, near Waco. With 20 MW commissioned thus far, this marks another major milestone for what will become the largest solar power project in Avangrid’s portfolio, and
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1PointFive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft
1PointFive, a carbon capture, utilization and sequestration (CCUS) company, has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and
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International Battery Metals has commenced operations of its commercial proprietary modular direct lithium extraction (DLE) plant in Utah
International Battery Metals has commenced operations of its commercial proprietary modular direct lithium extraction (DLE) plant in Utah – an industry landmark representing the first lithium produced from the only modular DLE operation in the world and the first commercial DLE operation in North America. The commercial facility outside Salt Lake City, Utah, is co-located
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Clearway Closes Financing and Begins Repower of South Texas Wind Farm
Clearway Energy Group has closed financing and began repowering construction of its Cedro Hill wind farm in Webb County, Texas. The repower will increase Cedro Hill’s capacity to 160 MW from 150 MW today. Once complete, the repowered project will generate enough electricity to power nearly 40,000 homes during peak hours. “Our Cedro Hill repowering is our most recent
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ADNOC and JBIC Sign $3 Billion Green Financing Agreement
Abu Dhabi National Oil Company has signed a general agreement with the Japan Bank for International Cooperation for a US$3 billion green financing facility. It follows the signing of a Heads of Agreement between ADNOC and JBIC in January this year and builds on their long-standing successful partnership. The credit facility is part of JBIC’s
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SLB and TotalEnergies announce a 10-year partnership for next-generation digital solutions
SLB and TotalEnergies today announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, utilisation, and sequestration (CCUS). The companies will
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University Of Houston, Promethean Energy And Endeavor Management Join Forces To Explore Repurposing Offshore Infrastructure For Clean Energy
The University of Houston, the energy university with multiple energy-focused research centers, last week signed two memorandums of understanding with industry partners Promethean Energy and Endeavor Management. The agreements formalize the partnership to address the challenges of repurposing offshore infrastructure for clean energy use. Both companies will work closely with UH Energy, the University’s interdisciplinary energy initiative,
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AIQ and Halliburton’s Landmark announce Global iEnergy agreement for RoboWell solution
AIQ, the Abu Dhabi-based AI champion with innovative solutions for the energy sector, and Halliburton’s Landmark on Monday announced a partner agreement under which AIQ’s RoboWell autonomous well control (AWC) solution will be made available through Halliburton’s Landmark iEnergy hybrid cloud. The agreement marks a step in AIQ’s goal to expand the adoption of AI-enabled
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