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…
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…
Inflated oil and gas prices are nearly doubling profits for some producers, including DiamondBack Energy, which profited $1.2B in Q3, a more than 80% surge from the year before, reports the Houston Chronicle.
While revenue has spiked dramatically, DiamondBack Energy, among other oil and gas producers, also reported a decrease in production compared to Q3 of…
Tennessee will soon house the largest lithium refining plant in the nation, boosting domestic lithium production capacity, reports WPLN News.
Demand for lithium has skyrocketed alongside demand for electric vehicles, as the metal is crucial for battery development.
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Wind and solar energy have saved Texans $7.4 billion in electricity costs so far in 2022, an average of nearly $1 billion a month, according to a recent study shared by the Dallas Morning News.
“Wind and solar generally produce very cheap electricity because they don’t have fuel costs … after you’ve built the plant there’s…
Land owners and farmers in rural communities across Texas are reaping the economic benefits of leasing their land for the development of clean energy projects, and are receiving hundreds of thousands of dollars in land-lease payments each year, reports CNN.
The projects have also significantly boosted community tax revenue, allowing rural schools to build new facilities and…
The United States plans to release more oil from reserves in an effort to keep costs low after the OPEC+ announced it will cut 2 million barrels a day from production starting in November, reports ABC News.
"The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is…
Last year, the United States generated three times more energy from wind and solar resources than in 2012, showing the rapid growth clean energy has experienced over the last decade, reports The Hill.
“When states prioritize building clean energy, their residents see lower energy bills, a more resilient electric grid, and healthier communities, which inspires neighbors…
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