Sunya

North Dakota Supreme Court sides with Summit in landowner dispute : SOURCE: NORTH DAKOTA EXAMINER North Dakota Supreme Court Chief Justice Jon Jensen, left, and Justice Lisa Fair McEvers hear arguments Dec. 18, 2023, in a case involving Summit Carbon Solutions and landowners. (Kyle Martin for the North Dakota Monitor) The North Dakota Supreme Court has ruled in favor of pipeline company Summit Carbon Solutions in a dispute with landowners over the right to access properties to survey the land. The ruling released Thursday affirms a lower court ruling that the pipeline company did not need permission from landowners before accessing property to determine a possible route. Some landowners have refused to grant Summit access to survey their property as Summit attempts to site its carbon capture pipeline. Several cases regarding survey access were grouped together in the case SCS Carbon Transport v. Malloy. Howard Malloy of Bismarck owns land in Morton County where Summit ...

Ørsted Closes $680 Million in Tax Equity Financing for Solar and Storage Portfolio 05.23.2024 10:00AM Austin, Texas – May 23, 2024 – Today, Ørsted, a leading U.S. clean energy developer, announced an investment from J.P. Morgan for $680 million in tax equity financing for a portfolio of solar and storage assets in Texas and Arizona. The project portfolio consists of Eleven Mile Solar Center, a 300 MW solar and 300 MW /1200 MWh storage project in Pinal County, Arizona and Sparta Solar, a 250 MW solar project in Mineral, Texas. This deal represents one of the largest solar and storage tax equity transactions that uses a combined production tax credit (PTC) and investment tax credit (ITC) structure since the passage of the Inflation Reduction Act (IRA) in August 2022. The Eleven Mile Solar Center will receive a one-time investment tax credit for its battery storage system while the solar farm will generate production tax credits over a ten-year period. The tax equity partnership with J.P....

Cemex US Signs Renewable Natural Gas Fuel Agreement with Clean Energy to Power Fleet in Southern California : May 30, 2024 06:30 AM Eastern Daylight Time HOUSTON & NEWPORT BEACH, Calif.--( BUSINESS WIRE )--Cemex, a leader in the building materials industry, and Clean Energy Fuels Corp. (NASDAQ: CLNE ), the largest provider of the cleanest fuel for the transportation market, have announced a new fueling agreement to provide ultra-clean renewable natural gas (RNG) to power 39 of Cemex US’s ready-mix and cement bulk trucks in Southern California . Cemex’s collaboration with Clean Energy is the latest addition to its lower-carbon fuels portfolio for its California fleet. Forecasted to provide approximately 300,000 gallons of RNG annually, the fleet will utilize Clean Energy’s public station network in Southern California to fuel with RNG. RNG is a negative carbon-intensity transportation fuel that substantially lowers greenhouse gas emissions by an average of 300% versus diesel. Along...

Li-Cycle Partners with Daimler Truck North America on Recycling Lithium-ion Batteries : Li-Cycle continues to support DTNA on its goal of integrating a comprehensive circular economy approach across its operations May 30, 2024 07:00 AM Eastern Daylight Time TORONTO--( BUSINESS WIRE )-- Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is proud to support Daimler Truck North America (DTNA) on its goal to integrate a comprehensive circular economy approach across its operations to reduce its carbon footprint. Li-Cycle and DTNA have a partnership to recycle lithium-ion batteries from DTNA electric vehicles that reach the end of their life cycle. Recycling lithium-ion batteries is part of DTNA’s plans to maximize battery lifespans and reduce material waste to tackle global sustainability challenges. DTNA’s strategy emphasizes repairing, remanufacturing, repurposing, and recycling lithium-ion battery material...

MiQ Standard Becomes Sole Benchmark Meeting New EU Gas Import Regulations : NEW YORK and LONDON , May 30, 2024 /PRNewswire/ -- New European Union (EU) regulations now start the clock for U.S natural gas producers to adhere to new rules on the measurement-based quantification, reporting and verification (MRV) of methane emissions if they want their gas to access the EU market. Producers must begin complying with European methane regulations in March 2025 , and have until January 2027 to meet the rules or run the risk of their produced gas being blocked from access to the EU market. MiQ, the global leader in emissions certification, confirms its standard is the only benchmark which is expected to meet EU equivalence requirements for measurement-based reporting and third-party verification. Consequently, MiQ certification will facilitate regulatory compliance for U.S. produced gas aiming for the EU market. The EU's new importer requirements will affect those U.S. natural...

Vast Receives Planning Consent for CSP-powered Solar Methanol Project in Port Augusta : PORT AUGUSTA, Australia, May 30, 2024 (GLOBE NEWSWIRE) -- Vast (Vast Renewables Limited) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant that will produce green fuels. SM1 will be located in Port Augusta, South Australia and will have the capacity to produce 7,500 tonnes per annum of green methanol, one of the most versatile hydrogen derivatives which, if produced using Vast’s CSP technology, has the potential to decarbonise shipping and is already being used to power major container vessels. Vast is co-developing SM1 with global energy company Mabanaft GmbH & Co. KG (Mabanaft). The project will combine proven technologies to produce green methanol: a Le...

Gradient Geothermal Receives Colorado Energy Office Funding to Execute Landmark Feasibility Study : The grant will allow the Company to test the viability of channeling geothermal energy derived from inactive oil wells to the town of Pierce, CO. May 30, 2024 09:00 AM Eastern Daylight Time DENVER--( BUSINESS WIRE )--Gradient Geothermal (“Gradient” or “the Company”), a Denver, Colorado-based geothermal company focused on energy production derived from the heat extracted via existing oil and gas wells, today announced that the Company received funding from the Colorado Energy Office’s Geothermal Energy Grant Program to execute a feasibility study in Pierce, Colorado. The landmark project, which aims to test the viability of establishing a thermal energy network for the town of Pierce that is powered from heat extracted from local inactive oil wells, has the potential to transform the energy stability for communities in need while bolstering the state of Colorado’s long-term economic outl...

WM Opens $55 Million Renewable Natural Gas Facility in Dallas Area Photo credit: Macy Alex on behalf of the Lewisville Area Chamber of Commerce Dallas is the First Market with Two WM RNG Sites in One Metroplex Dallas, Texas – May 22, 2024 – WM today announced the opening of a new renewable natural gas (RNG) facility in Lewisville, Texas, outside of Dallas. The nearly $55 million WM DFW RNG facility is expected to generate approximately 1.2 million MMBtu per year of RNG, which serves the equivalent of almost 55,000 households annually or the ability to fuel up to 1,100 heavy-duty vehicles per day. WM has one of the largest landfill gas-to-energy platforms in North America and has been a renewable energy player for nearly 40 years. This is WM’s second RNG facility in the DFW area that will provide renewable energy to North Texans at this scale, with the first facility opening in 2020 in Ferris, Texas, at WM’s Skyline RNG facility. It is also part of WM’s broader planned investments in re...

Brookfield enters into exclusive negotiations with Impala and other shareholders to acquire a majority stake in Neoen and launch a mandatory tender offer for 100% of the company : May 30, 2024 06:55 ET| Source: Brookfield Renewable Partners L.P Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholdersii to acquire approximately 53.32% of the outstanding shares of Neoen at a price of 39.85 euros per shareiii. The acquisition price represents a 26.9% premium over the last closing price and premia of 40.3% and 43.5% over the 3- and 6-months volume-weighted average price respectivelyiv. Brookfield’s offer implies an equity value for 100% of the shares of 6.1 billion euros. Subject to closing of the block acquisition, Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds (“OCEANEs”) in Neoen with the intenti...

Responding to growing demand, Duke Energy, Amazon, Google, Microsoft and Nucor execute agreements to accelerate clean energy options : Allows for tailored customer solutions to meet large-scale energy needs Enables innovative multi-industry risk-sharing for new carbon-free energy generation Supports Duke Energy's and large customers' commitment to clean energy CHARLOTTE, N.C. , May 29, 2024 /PRNewswire/ -- Duke Energy (NYSE:  DUK ), Amazon, Google, Microsoft and Nucor today announced agreements to explore new and innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina . The announcement was made at the White House Summit on Domestic Nuclear Deployment. In memorandums of understanding (MOUs) signed this month, the companies proposed developing new rate structures, known as "tariffs" in the utility industry, designed specifically to lower the...

Climate Tech VC Clean Energy Ventures Closes $305M Fund II Aiming to Mitigate 75 Gigatons of Emissions by 2050 : The firm closes an oversubscribed second fund to scale world-changing climate tech startups that can mitigate gigaton-scale greenhouse gas emissions With the opening of a London office, Fund II marks the beginning of a push into Europe and Israel to support local climate innovation ecosystems  Investing with a technology-first lens, more than 60% of CEV's team began as scientists and engineers, a critical validator in the deep-tech early-stage market BOSTON , May 29, 2024 /PRNewswire/ -- Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, today announced the closing of an oversubscribed second flagship fund with total capital commitments of $305 million . In addition to significantly expanding the firm's investment opportunities in North America , the latest fund allows CEV to bring its strat...