In 2024, the U.S. East Coast emerged as a consistent destination for small renewable diesel shipments, driven by initiatives from a few suppliers and local governments offering or consuming the fuel, according to a Dec. 3 report published by the U.S. Energy Information Administration. As there is no renewable diesel production across the East Coast,…...
BOEM issued a Record of Decision identifying environmental measures for future offshore wind development in six lease areas offshore New York and New Jersey, in the area called New York Bight. Wind projects in these areas, which span 488,000 acres, could produce up to 7 gigawatts of wind energy capable of powering up to two…...
The U.S. Energy Department on Dec. 2 announced a conditional commitment for a $7.54 billion loan to StarPlus Energy to construct two lithium-ion electric vehicle battery manufacturing facilities in Kokomo, Indiana. Once operational, the annual manufacturing capacity of the sites would reach 67 GWh, which could power 670,000 EVs. The department estimates these electric vehicles…...
The 41st quarterly carbon auction held by California and Quebec sold all of the nearly 52.6 million carbon permits offered under the current auction at a price of $31.91 per allowance, above the floor price of $24.04, according to the results released on Nov. 27 by the California Air Resources Board. The current auction clearing…...
