With interest in hydrogen energy growing rapidly, some of the largest projects and investments have been announced by long-time oil giants like BP, Shell, and Chevron, reports OilPrice. Chevron recently announced that it will invest $2 billion to develop green and blue hydrogen over the next five years, as part of itsContinue Reading
The Biden Administration approved a total of 1,696 federal drilling permits between March and May, bringing the total number of undeveloped permits to roughly 9,000, reports Energy Wire. Despite an abundance of permits, oil and gas representatives say workforce and supply chain challenges, coupled with a strong skepticism of Biden’s futureContinue Reading
Innovative new companies are continuing to find ways to recycle waste materials produced by new energy technologies, with battery and wind turbine recycling taking big strides in the last year. Now, a new startup is aiming to recycle 95% of high-value metals from decommissioned solar panels, reports Canary Media. “What inspiredContinue Reading
The price of oil and gas been rising steadily since April 2020, but a snowball effect, mixed with an industry reluctance to invest in new production and refining, is contributing to record-high gas prices that show no sign of dropping soon, reports Chron. While Russia’s invasion of Ukraine has caused globalContinue Reading
Texas is smashing energy demand records as the state undergoes a record heat wave. Despite concerns over reliability, the grid has so far pulled through, thanks to wind and solar energy, reports CNN. “Texas is, by rhetoric, anti-renewables. But frankly, renewables are bailing us out,” said Michael Webber, an energy expertContinue Reading
As part of Illinois’ state program to increase renewable energy capacity, Vistra Energy’s Joppa power plant in Massac County will receive $40.7 million to convert the plant into a solar energy, battery storage hybrid facility, reports WSIL. The project will breathe new life into the local economy, as the plant was alreadyContinue Reading
Ford Motors announced new plans to convert three existing plants to build new electric vehicle and gas-powered models, a move which the company says will create nearly 6,200 new jobs across Michigan, Ohio and Missouri, reports CNBC. In addition to the facility upgrades and new positions, Ford says nearly 3,000 temporaryContinue Reading
During the first three months of 2022, renewable energy projects accounted for 97.4% of all new generating capacity added to the electric grid, reports Solar Power World. Nearly 6,000MW of utility-scale wind and solar energy came online in the first quarter of 2022, and over 1/4 of the nation’s generating capacityContinue Reading
Production in the Permian Basin has ramped up substantially this year to meet growing energy demand. Now, analysts are predicting the region will produce more oil and gas than every other oil-producing country in 2022, except Saudi Arabia and Russia, reports the Houston Chronicle. “This trend is only likely to continueContinue Reading
Demand for oil, gas and petroleum products has quickly rebounded as the world recovers from COVID-19. Meanwhile, supplies have been crippled due to Russia’s ongoing invasion of Ukraine. Despite this, many U.S. oil refiners have no plans to expand operations, according to Marketplace. “Investors do not want to see companies pouringContinue Reading
Hyundai has announced plans to construct a $5.5 billion plant in Georgia which will produce both electric vehicles, and electric vehicle batteries, reports the Associated Press. The plant will be located in Bryan County near Savannah, Georgia and is expected to create thousands of jobs. “Hard-working Georgians are going to haveContinue Reading
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