Ford Motor Co. is set to purchase 600MW of solar energy from DTE Energy to power manufacturing facilities in Michigan, reports The Detroit News.
The power purchase will allow all of Ford’s vehicle manufacturing in the state to be powered entirely by renewable energy, contributing to the company’s goal to power all of its global facilities…
Business
The United States is projected to add 29.4GW of new generation capacity to the grid in the second half of 2022, nearly double the 15.1GW added in the first half, reports Utility Dive.
While more efficient, cleaner forms of power are added, grid operators are also expected to retire 15.1GW of production, 76% of which will…
First Solar, a major solar panel manufacturer based in the United States, will invest $1.2 billion in building its fourth U.S. factory while boosting operations at existing plants. The expanded operations will create nearly 1,000 new jobs, reports the New York Times.
“This investment is an important step toward achieving self-sufficiency in solar technology, which, in turn,…
Toyota plans to invest $5.6 billion in new electric vehicle battery manufacturing plants in the United States and Japan in an effort to keep up with other automotive giants, reports CNN Business.
However, unlike others in the EV race, Toyota continues to explore EVs powered by hydrogen fuel cells rather than rechargeable batteries, a risky move that…
Devon Energy Corp is one of several oil and gas companies who will partner with a Tulsa non-profit founded by the George Kaiser Family Foundation to attract tech startups to Oklahoma, reports Bloomberg.
The group aims to bring as many as 2,000 tech jobs to the state over the next decade, in an effort to diversify…
Farmers and researchers have teamed up to experiment with installing solar panels over crops, a combination called ‘agrivoltaics’ that is showing promise, reports Axios.
Shade-loving crops like kale and root vegetables thrive under solar panels, and farmers and landowners benefit from a new way to profit off their land as they deal with economic uncertainty.
Read…
The United States battery industry is expected to see explosive growth over the next decade as manufacturers race to secure domestic supply chains, reports S&P Global Market Intelligence.
The growing popularity of electric vehicles and demand for energy storage is driving the need for affordable and readily available batteries.
Read more
The Biden Administration has designated nearly 700,000 acres in the Gulf of Mexico for auction for offshore wind development, reports the Houston Chronicle.
“These two wind energy areas represent exciting progress toward having the first offshore wind lease sale in the Gulf of Mexico, where there is a mature industry base and the know how to advance…
The Biden Administration has designated nearly 700,000 acres in the Gulf of Mexico for auction for offshore wind development, reports the Houston Chronicle.
“These two wind energy areas represent exciting progress toward having the first offshore wind lease sale in the Gulf of Mexico, where there is a mature industry base and the know how to advance…
Investor interest in renewable energy has grown sharply over the last decade, with energy firms and producers viewing the industry as a low-risk, high-reward way to diversify their portfolios and maximize profits in a swiftly changing energy world, reports PowerMag.
These investors include major oil and gas companies like Shell, Chevron and Exxon Mobil, showing that…