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ReNew Power in India is acquiring two assets with a combined enterprise value of INR28.5 billion (US$384 million), which are expected to generate INR3.8 billion to 4.0 billion (US$ 50.7 million to 53.4 million) of EBITDA annually. ReNew will acquire L&T Uttaranchal Hydropower Ltd., which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T…

TechnipFMC dives into seabed mineral extraction to support energy transition A specialist in offshore oil and gas exploration, TechnipFMC is diving into seabed mineral extraction to support the energy transition. The company has taken a minority stake investment in global maritime industry group Loke Marine Minerals. The partnership aims to meet the increasing demand for…

Removing state opt-out for demand response program participation in wholesale energy markets would benefit renewable project developers because aggregators of solar and energy storage technologies can leverage their experience with demand response products. If we are keen on avoiding blackout situations recently experienced in California and Texas, we should incentivize distributed energy resource market participation…

In Zoom interview, you will meet Laura Zapata, CEO of Clearloop.us, a Nashville-based solar power solutions company that is building a solar power farm in western Tennessee. Laura is also a former communications executive at UBER. In anticipation of Clearloop’s upcoming groundbreaking in Jackson, Tennessee on Sept. 2, I spoke to Laura about Clearloop delivering…

Daroga Power will deploy 32.85 MW of Bloom Energy solid oxide fuel cells (SOFC) after the investor and developer of distributed generation assets closed a $230 million infrastructure portfolio fund. The fuel cells will provide clean and reliable baseload power for companies in California, New York, New Jersey, Massachusetts, Connecticut, and Maryland. The company said…

A coalition of 24 groups – representing thousands of companies, union members, investors, and advocates – has formed to spur the construction of a national electric vehicle charging network. The National EV Charging Initiative will “push for deeper commitments” from member groups and the federal government to make national EV charging infrastructure a reality. Members…

After years of rapid growth, clean energy jobs in the Midwestern United States fell by 8.9% — or approximately 66,000 — by the end of 2020, according to a new report by the nonpartisan business group E2 and Clean Energy Trust. While at one point in the year as many as 131,600 Midwesterners working in…

On the heels of the U.S. Senate approving a $1.2 trillion bipartisan infrastructure package, the chamber acted early Wednesday morning to pass a sweeping $3.5 trillion budget reconciliation along party lines. Both measures are now on pace for final congressional approval in the coming weeks – major victories in the Biden administration’s climate and renewable…

Electric power generated from renewable energy sources in the U.S. will rise to nearly 23% in 2022, according to short-term guidance released Tuesday by the U.S. Energy Information Administration (EIA). Renewables – including wind, hydroelectric, solar, biomass, and geothermal energy – became the second-most prevalent U.S. electricity source in ­­2020, trailing only natural gas. New…

Contributed by Harry Kaffenese, VP of global product management at ABB Power Conversion When it comes to transportation, there is little doubt that the future is electric. From leading car manufacturers transitioning to completely electric fleets to the recently unveiled Clean Transit for America plan that provides $73 billion for zero-emission bus deployment, there’s good reason to believe that…