Positive Industry News and Events
Renewables
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Fervo Energy and Shell Energy Ink Deal for 31 MW of 24/7 Carbon-Free Geothermal Power
Fervo Energy has signed a 15-year power purchase agreement (PPA) with Shell Energy North America for 31 megawatts of around-the-clock geothermal power. According to the company announcement, the electricity will come from Phase I of Cape Station, Fervo’s flagship geothermal development in Beaver County, Utah, and will begin serving Shell Energy’s retail customers in 2026…. More
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1PointFive Signs 25-Year Sequestration Agreement with CF Industries
HOUSTON — April 8, 2025 —1PointFive, a subsidiary of Occidental, today announced the signing of a 25-year offtake agreement for approximately 2.3 million metric tons of carbon dioxide (CO2) per year from CF Industries’ and its joint venture partners JERA Co., Inc. and Mitsui & Co., Inc. recently announced Bluepoint low-carbon ammonia production facility in… More
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Nel ASA Signs collaboration agreement and conducts private placement with SAMSUNG E&A
(March 11, 2025 – Oslo, Norway) Nel ASA (Nel, OSE:NEL) has signed an EPC collaboration agreement that allows SAMSUNG E&A to offer its customers complete hydrogen plants of its own design using Nel’s electrolysers. In a separate transaction, SAMSUNG E&A will purchase 10% of newly issued Nel ASA shares through a direct placement, implying a… More
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$145mm Investment: Governor Abbott Announces New Braven Environmental Facility In Texarkana
February 13, 2025 | Austin, Texas | Press Release NOTE: Updated on February 14, 2025. Governor Greg Abbott today announced the third project under the new Texas Jobs, Energy, Technology, and Innovation (JETI) program is Braven Environmental, LLC (“Braven Environmental”). A waste-to-value company focused on waste plastics recycling solutions, Braven Environmental will open a state-of-the-art… More
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Avina Clean Hydrogen Unveils 3D Virtual Tour of Clean Ammonia Facility
Avina Clean Hydrogen Inc. (Avina) has announced the launch of a 3D virtual tour showcasing its highly anticipated 800,000 MTPA Clean Ammonia Facility on the Texas Gulf Coast. This state-of-the-art facility, set to become the first large-scale clean ammonia production plant in the United States, represents a major advancement in the transition to low-carbon fuels…. More
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ExxonMobil Unlocks a New Source of Lithium from Arkansas Brine
ExxonMobil is pioneering a new approach to lithium production, extracting the critical battery material from deep underground brine in Arkansas. Using a three-step process called direct lithium extraction, the company has successfully produced small batches of battery-grade lithium in just eight months. This method involves pumping brine to the surface, removing impurities, and refining the… More
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Plug Power Inc. Closes $1.66 Billion Loan Guarantee from the U.S. Department of Energy
January 16, 2025 Loan guarantee supports Plug’s domestic hydrogen production plant buildout Plug’s Graham, Texas, plant first beneficiary of loan guarantee SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the… More
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Trump’s Executive Orders to Reshape of U.S. Energy Industry
On his first day in office, President Donald Trump issued a series of executive orders aimed at jumpstarting the U.S. energy sector, rolling back policies from the previous administration that restricted fossil fuel development. These orders are set to have a profound impact on the energy industry, particularly in revitalizing liquefied natural gas (LNG) projects… More
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Trump Prioritizes U.S. Energy Expansion and Suspends Offshore Wind Project
On his first day back in presidency, Donald Trump issued executive orders revoking several previous directives related to energy development, signaling a shift in U.S. policy toward fossil fuel exploration. These orders reopened more than 16 million acres of protected land and lifted restrictions on oil and gas drilling across 625 million acres of coastal… More
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