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$250M Allocated for Energy Efficiency Upgrades

The Department of Energy will soon begin accepting applications from states seeking part of $250 million in funding allocated for energy efficiency upgrades, reports The Hill. The funding, which will support energy efficient upgrades for commercial and residential buildings, is part of a recent effort to lower energy use and costs. Read More

ByEditorNovember 22, 20220Comments

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…

ByEditorNovember 16, 20220Comments

Business Economy Renewable Energy

Investor Confidence in Renewables Continues Strong Growth

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…

ByEditorNovember 16, 20220Comments

Renewable Energy Solar Energy

FERC Forecast: U.S. Solar Capacity Will Double in Three Years

The Federal Energy Regulatory Commission expects U.S. solar energy capacity, which stands at 77GW, to nearly double in just three years, with 72GW of solar projects queued through 2025, reports PV Magazine. After an abundance of additions in the first nine months of 2022, renewable energy now accounts for 27% of all U.S. generating capacity. Read…

ByadministratorNovember 15, 20220Comments

Business Renewable Energy Wind Energy

700,000 Acres in Gulf of Mexico Identified for Offshore Wind Auction

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…

ByEditorNovember 9, 20220Comments

EDA News

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

Bethlehem Steel in Pennsylvania, founded in 1904, is reopening after years of closure to produce crucial components for solar energy, rekindling the area's industrial history, reports Solar Power World. The plant will also bring much-needed jobs to the area. “These are good-paying jobs, and they’re permanent... We have second- and third-generation steelworkers whose parents or grandparents…

ByEditorNovember 2, 20220Comments

Hydrogen

Hydrogen Projects Picking Up Pace in Houston

Hydrogen energy projects are gaining momentum in Houston as oil and gas companies like Exxon Mobil and Chevron race to take part in the booming market, reports the Houston Chronicle. The boom has been spurred not only by increased market demand, but by tax credits included in the IRA. Read More

ByEditorNovember 1, 20220Comments

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

ByEditorOctober 27, 20220Comments

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…

ByEditorOctober 24, 20220Comments

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$250M Allocated for Energy Efficiency Upgrades

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

Investor Confidence in Renewables Continues Strong Growth

FERC Forecast: U.S. Solar Capacity Will Double in Three Years

700,000 Acres in Gulf of Mexico Identified for Offshore Wind Auction

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

Hydrogen Projects Picking Up Pace in Houston

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

Renewables on Track to Save Texans $11B This Year

NewsLetter

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

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

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