EDA News – Energy Drives America

Toyota to Invest $5.6B in EV Battery Manufacturing while Eyeing Hydrogen Fuel Cell Market

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…

October 25, 20230Comments 915Views

Business

U.S. Battery Production on the Rise as Demand for EVs, Energy Storage Grows

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

October 25, 20230Comments 934Views

Business

Tennessee Soon to be Home to Nation’s Largest Lithium Plant

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…

October 25, 20230Comments 890Views

Economy Oil and Gas

Permian Oil Producer Reports 80 Percent Profit Surge in Q3 Despite Production Decrease

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…

November 16, 20220Comments 125Views

Business Energy Storage Refining

Tennessee Soon to be Home to Nation’s Largest Lithium Plant

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. Read More

October 27, 20220Comments 108Views

Economy Renewable Energy Solar Energy Wind Energy

Renewables on Track to Save Texans $11B This Year

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…

October 24, 20220Comments 105Views

Agriculture + Energy Economy Renewable Energy Solar Energy Wind Energy

Rural Communities Across Texas are Betting Big on Clean Energy

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…

October 17, 20220Comments 124Views

Economy Oil and Gas

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

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…

October 11, 20220Comments 74Views

Renewable Energy Solar Energy Wind Energy

U.S. Energy Production from Wind, Solar Has Tripled Since 2012

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…

October 11, 20220Comments 105Views

Business Energy Storage

U.S. Battery Production on the Rise as Demand for EVs, Energy Storage Grows

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

October 10, 20220Comments 80Views

Toyota to Invest $5.6B in EV Battery Manufacturing while Eyeing Hydrogen Fuel Cell Market

U.S. Battery Production on the Rise as Demand for EVs, Energy Storage Grows

Tennessee Soon to be Home to Nation’s Largest Lithium Plant

Permian Oil Producer Reports 80 Percent Profit Surge in Q3 Despite Production Decrease

Tennessee Soon to be Home to Nation’s Largest Lithium Plant

Renewables on Track to Save Texans $11B This Year

Rural Communities Across Texas are Betting Big on Clean Energy

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

U.S. Energy Production from Wind, Solar Has Tripled Since 2012

U.S. Battery Production on the Rise as Demand for EVs, Energy Storage Grows

NewsLetter

Long-Closed Steel Processing Plant Will Reopen to Produce Solar Components

How “Wasted Public Land” Alongside Highways is Being Used for Energy Development

Happy Thanksgiving

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