The U.S. Energy Department on Oct. 16 announced conditional commitments for loan guarantees totaling almost $3 billion for two sustainable aviation fuel companies. Montana Renewables received a $1.44 billion conditional commitment from the department to expand its renewable fuels site in Great Falls. Gevo Net-Zero 1 received $1.46 billion in a conditional commitment from the…...
U.S. coal exports from the Port of Baltimore recovered at the back end of May 2024, according to an Oct. 16 report published by the U.S. Energy Information Administration. Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key…...
The U.S. Energy Department on Oct. 16 announced a conditional commitment for a direct loan of up to $670.6 million to Aspen Aerogels Georgia LLC to manufacture thermal barriers used as a protective layer within electric vehicle batteries. The loan would support the development of a manufacturing site in Georgia to produce Aspen’s PyroThin® aerogel…...
The U.S. Energy Department on Oct.16 launched a $900 million funding opportunity to support projects that will facilitate initial domestic deployment of Generation III+ small modular reactor technologies. Applications are due by Jan. 17, 2025. The funding comes from allocations in the Consolidated Appropriations Act of 2024 utilizing funds from the 2021 Infrastructure Investment and…...
The U.S. Environmental Protection Agency on Oct. 15 released 2023 greenhouse gas data under the agency’s Greenhouse Gas Reporting Program. The data shows that direct emissions from large stationary sources, accounting for about 50 percent of total U.S. emissions, fell by approximately 4 percent compared to 2022. Last year, over 8,100 industrial facilities reported their…...
Global refinery margins for petroleum refiners are declining, which has led to lower financial profitability from selling petroleum products and refining crude oil, according to an Oct. 15 report published by the U.S. Energy Information Administration. The reduction in refinery margins can be attributed to relatively low demand for petroleum products, despite the agency’s projection…...
The U.S. Energy Department on Oct. 15 announced a $861.3 million loan guarantee to build two solar-plus-storage facilities and two standalone battery storage systems in Puerto Rico. These facilities, collectively called Project Marahu, would add up to 200 megawatts (MW) of solar PV capacity and 285 MW of battery energy capacity to the island’s grid…....
The California Energy Commission on Oct. 15 announced that its Demand Side Grid Support Program, or DSGS, has reached 515 megawatts (MW). The program helps to maintain a more reliable power supply by reducing load during times of high demand, such as during heatwaves.The initiative incentivizes customers for providing load reduction or backup power during…...
California State Treasurer Fiona Ma on Oct. 14 announced a $30 million agreement with the California Energy Commission to enhance access to the GoGreen Financing program for home energy efficiency upgrades. The partnership ensures that more than 7 million customers of publicly owned utilities continue to qualify for the GoGreen Home residential program. The agreement…...
California Governor Gavin Newsom on Oct. 14 signed legislation aimed to prevent future spikes in gas prices by requiring oil refiners to keep minimum fuel inventories in order to avoid shortages that could raise gas prices for consumers and boost industry profits. The bill intends to hold oil refiners accountable for manipulating gas prices, or…...
The Biden administration has taken significant action to foster renewable energy development on federal lands to support the clean energy transition. Recent actions include…Read the full report …...
