HNO International (HNOI) has signed an offtake agreement to supply hydrogen generated from its SHEP platform to a Texas-based leader in zero-emission transportation. This partnership will see HNOI’s clean hydrogen fuel Class 8 fuel cell electric vehicles (FCEVs), marking a significant step towards cleaner transportation in the trucking industry.
Blue Diamond Growers, a leading almond company, and Divert, Inc., a technology firm focused on sustainable food solutions, have announced a partnership to convert almond byproducts into renewable energy at Divert’s new facility in Turlock, California. This collaboration will support California’s climate goals and highlight the innovative use of food waste for a more sustainable future.
WattBridge Energy, an independent power producer, has commissioned its sixth generating facility in Texas, the Remy Jade Generating Station. This new facility, powered by eight LM6000 gas turbines, adds 384 MW of dispatchable power to the ERCOT grid, supporting nearly 2 million homes. WattBridge’s commitment to grid resilience and energy security is further demonstrated through its four projects totaling 1,600 MW submitted to the Texas Energy Fund, aiming to expand its portfolio to nearly 5,000 MW.
Ocean Power Technologies (OPTT) reported its first-quarter financial results, showing a narrowing of losses and an increase in revenue. The company also saw a significant rise in its backlog and pipeline, indicating strong future prospects.
Pampa Energia (PAM), a Zacks Rank #2 (Buy) company, is a strong investment option in the utility sector thanks to its strategic investments, strong growth, and commitment to renewable energy. This article explores key factors driving PAM’s success, including its growth projections, solid financial position, and focus on clean power generation.
Eni, Italy’s leading oil and gas company, is in talks with several investment funds to sell a minority stake in its renewable energy and retail business, Plenitude. This move marks another step in Eni’s strategy to attract specialized investors to support its energy transition efforts. The potential sale could value Plenitude at over €10 billion, with investors like Apollo Capital Management, HitecVision, and Trilantic Europe expressing interest.
The Department of Energy has announced a $1.559 billion loan commitment to Wabash Valley Resources (WVR), supporting the construction of a revolutionary low-carbon anhydrous ammonia fertilizer production facility in Indiana. This project is expected to significantly increase domestic fertilizer supply, create thousands of jobs, and revitalize a struggling coal community, while also reducing carbon emissions.
Latham & Watkins LLP has strengthened its energy practice by welcoming Scott Cockerham as a partner in its Washington, D.C. office. Cockerham, a renowned tax advisor, brings extensive experience in renewable energy and energy transition investments, making him a valuable asset to the firm’s already strong energy tax team.
Prime Minister Narendra Modi inaugurated the 4th Global Renewable Energy Investor’s Meet (RE-INVEST) 2024 in Gandhinagar, emphasizing India’s commitment to becoming a global leader in renewable energy. He highlighted India’s ambitious goals, including the ‘Mission 500 GW’ initiative, and showcased the country’s potential as a key player in the global energy transition.
While renewable energy investments are skyrocketing globally, inadequate power grids are hindering progress. Despite the addition of a record amount of renewable power capacity, many projects remain unconnected due to limited grid access, particularly in regions lacking traditional power plants. This bottleneck could significantly impact global decarbonization goals, forcing reliance on fossil fuels.
