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EDA News

$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.  The decreasing costs associated with…

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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…

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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…

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