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German Energy Company Buys Con Edison Renewable Energy Assets for $6.8B
A German multinational energy company is making a major investment in American green energy. According to Fortune, RWE AG, based in Essen, has agreed to pay $6.8 billion for Consolidated Edison Inc.’s renewable energy assets, one of the biggest-ever green deals in the US. The deal is sparking criticism, that Germany’s largest utility should be focusing instead
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DOE Announces $7 Billion in Available Funds for Carbon Capture Infrastructure Projects
The U.S. Department of Energy is making a major investment in carbon capture infrastructure. According to EnergyNow, the Department of Energy (DOE) announced $7 billion in funds to be made available for carbon capture, transport, and storage infrastructure. These programs were established from both the Energy Act of 2020 and the Infrastructure Investment and
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Canadian Pipeline Company Buys U.S. Based Renewable Power Project Developer
A Canadian, multinational pipeline company just made a major purchase of a U.S. renewable power project developer. According to the Canadian Press (via EnergyNow), Enbridge Inc., based out of Calgary, Alberta, purchased Tri Global Energy (TGE) for US$270 million in cash and assumed debt. The company will also pay up to an additional US$50 million
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Build a Better Floating Wind Turbine? You Could Win $7 Million from the Department of Energy
Think you can create a floating wind turbine? A new contest hopes to jump-start production in the United States for turbines in waters too deep for current designs. According to Scientific American, the Department of Energy is launching a new contest to incentivize American companies to design and build floating wind turbines for offshore areas.
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British Government to Relax Rules for Onshore Wind
The British government is easing rules to help spur a growing green energy source. According to Energy Now, the UK government, in a significant policy shift, will relax planning rules for onshore wind to allow projects to be more easily deployed. Britain vowed to speed up the planning process for energy infrastructure including offshore wind
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Amazon-Backed Electrofuels Provider to Power its Trucking Fleet
A retailing giant is partnering with a low carbon fuel supplier for its trucking fleet. According to Reuters, Amazon has partnered with Infinium, a renewable electrofuels solution provider, to supply low-carbon electrofuels for the e-commerce giant’s trucking fleet starting next year. Infinium’s supply of electrofuels, which is a fossil-based fuel alternative created with carbon waste
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Solar Panels in Space? They Could One Day Power Your Home
The next frontier in solar technology could be, according to Star Trek, the final frontier. The world’s largest solar technology manufacturer, Longi Green Energy Technology Co., will send panels into space as the first step in plans to test the feasibility of harnessing the sun’s power in orbit and transmitting it back to Earth. According
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$50 Million Pledged for Floating Wind Turbines off US Coast, Says Biden Administration
The Biden administration announced a major new goal in wind turbine growth. According to Bloomberg (via EnergyNow), the White House set a new goal for deploying floating wind turbines in deep waters off US coasts and unveiled nearly $50 million in initiatives intended to propel this technology. The ambitious goal is aimed at positioning the
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FedEx Executive Details How Blockchain can be a Game-Changer for Logistics
Day two of the Blockchain in Oil and Gas Conference was kicked off by a key figure in the logistics sector. FedEx Blockchain Specialist Dale A. Chrystie gave a keynote presentation exploring how the logistics industry is using Blockchain capabilities. Some key points from Chrystie’s talk included learning about the challenges and opportunities of deploying Blockchain,
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6th Annual Blockchain for Energy Conference Ends with Speakers from FedEx, Chevron, and more
The 2022 Blockchain in Oil and Gas Conference in Houston is in the books, and there were some major highlights for attendees during day two. After a packed first day filled with keynotes, discussion panels, and armadillo racing, day two kicked off with a brilliant keynote from FedEx Blockchain Specialist Dale A. Chrystie. His presentation
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Blockchain for Energy President Presents at Conference
Rebecca Hofmann believes Blockchain can revolutionize the oil and gas industry. After moderating discussion panels on day one of the Blockchain in Oil and Gas Conference, the president of Blockchain for Energy gave a presentation on what she called “a journey to Blockchain”. “I really believe we are accelerating this industry toward a digital energy
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Oil and Gas Executives Give Insight on Digital Transformation During Blockchain Conference
“Blockchain is a disrupter. It’s a major disrupter.” In a fireside chat session on day one of the Blockchain in Oil and Gas Conference, some c-suite executives gave insight into their digital transformation journeys as they lead their companies. Led by Rebecca Hofmann of Blockchain for Energy, these executives covered a wide range of topics
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Decarbonization
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