U.S. Department of Energy, Office of Inspector General

Hog Lick Aggregates to Participate in the Appalachian Regional Clean Hydrogen Hub

Retrieved on: 
Thursday, November 2, 2023

FAIRMONT, W.Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- On October 17th, the Appalachian Regional Clean Hydrogen Hub (ARCH2) was selected by the U.S. Department of Energy (DOE) to negotiate terms under which ARCH2 would receive up to $925 million in federal funding to create a sustainable clean hydrogen hub that will be expanded and integrated into a national clean hydrogen network.

Key Points: 
  • FAIRMONT, W.Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- On October 17th, the Appalachian Regional Clean Hydrogen Hub (ARCH2) was selected by the U.S. Department of Energy (DOE) to negotiate terms under which ARCH2 would receive up to $925 million in federal funding to create a sustainable clean hydrogen hub that will be expanded and integrated into a national clean hydrogen network.
  • Hog Lick Aggregates LLC (HLA), through its affiliate Clean Fuel Services LLC (CFS), will develop the Clean Fuel Services Depot (CFS Depot) adjacent to the HLA Quarry in Fairmont, WV, as part of ARCH2.
  • The CFS Depot will include a hydrogen storage and refueling facility that will receive and redistribute hydrogen fuel produced within ARCH2.
  • The depot will integrate vehicle design services, hydrogen storage and refueling infrastructure, hydrogen vehicle leasing and financing, hydrogen vehicle maintenance, and hydrogen vehicle mechanic and operator training that will directly benefit the local community.

Deep Decarbonization Scenarios Reveal Importance of Accelerating Zero-Emission Vehicle Adoption

Retrieved on: 
Wednesday, November 1, 2023

“In the scientific community, there is a lot of agreement around what needs to happen to slash transportation-related greenhouse gas emissions, especially when it comes to electrification.

Key Points: 
  • “In the scientific community, there is a lot of agreement around what needs to happen to slash transportation-related greenhouse gas emissions, especially when it comes to electrification.
  • Hoehne’s co-authors from NREL are Matteo Muratori, Paige Jadun, Brian Bush, Artur Yip, Catherine Ledna, and Laura Vimmerstedt.
  • While most vehicles today burn fossil fuels, a zero-emission vehicle (ZEV) relies on alternate sources of power, such as batteries or hydrogen.
  • NREL is the U.S. Department of Energy's primary national laboratory for renewable energy and energy efficiency research and development.

NOVONIX Finalizes US$100 Million Grant Award from U.S. Department of Energy

Retrieved on: 
Tuesday, October 31, 2023

BRISBANE, Australia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, today announced that its NOVONIX Anode Materials division finalized its US$100 million grant award from the U.S. Department of Energy (DOE) to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee.

Key Points: 
  • The DOE grant funding will support the installation and commissioning of equipment to produce the targeted 20,000 tpa of capacity from Riverside.
  • In addition to the US$100 million DOE grant funding, the Company expects its cash position, customer revenues, additional government programs, strategic partners and other capital sources to fund planned growth.
  • “We are excited to complete the award negotiation with the DOE and expand the capacity of our Riverside facility.
  • NOVONIX also continues to advance plans for a new production facility with an initial production target of at least 30,000 tpa.

HOPE GAS AND WATT FUEL CELL TO OFFER CLEAN ENERGY TECHNOLOGY TO RESIDENTIAL CUSTOMERS IN WEST VIRGINIA AS PART OF THE LOCAL APPALACHIAN REGIONAL CLEAN HYDROGEN HUB PROJECT

Retrieved on: 
Monday, October 30, 2023

As part of this project, Hope will work with WATT Fuel Cell (WATT) to provide fuel cells to residential customers in West Virginia.

Key Points: 
  • As part of this project, Hope will work with WATT Fuel Cell (WATT) to provide fuel cells to residential customers in West Virginia.
  • Hope Gas is working with WATT Fuel Cell to begin introducing state-of-the-art, reliable, clean energy technology to residents beginning in 2024.
  • Hope will provide fuel cells to West Virginian homes starting in 2024 and ramping up over the next three years.
  • A WATT fuel cell is being installed at the Hope Gas headquarters in Morgantown, West Virginia.

Avnos launches the World’s first Hybrid Direct Air Capture system in partnership with Southern California Gas Company

Retrieved on: 
Monday, November 6, 2023

Avnos, Inc. (Avnos), the Los Angeles-based company developing the novel Hybrid Direct Air Capture (HDAC™) technology for carbon dioxide removal, today began its first operational commercial pilot project in Bakersfield, California.

Key Points: 
  • Avnos, Inc. (Avnos), the Los Angeles-based company developing the novel Hybrid Direct Air Capture (HDAC™) technology for carbon dioxide removal, today began its first operational commercial pilot project in Bakersfield, California.
  • Developed in partnership with Southern California Gas Company (SoCalGas) and with funding from the U.S. Department of Energy (DOE), the HDAC pilot delivers the world’s first water-positive Direct Air Capture (DAC) solution.
  • As a result, Avnos opens the geographic and climatic operating range for DAC to many more regions around the globe.
  • The Bakersfield pilot will capture approximately 30 tons of atmospheric carbon dioxide and produce 150 tons of water per year.

ALLETE, Inc. reports third quarter earnings of $1.49 per share; raises full-year 2023 earnings guidance to a range of $4.30 to $4.40 per share reflecting increased earnings from ALLETE Clean Energy

Retrieved on: 
Thursday, November 2, 2023

ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.
  • Last year’s third quarter results were 59 cents per share on net income of $33.7 million.
  • “Our regulated operations results were lower in the quarter, reflecting timing of interim rate reserves in 2023 compared to 2022.
  • Third quarter net income in 2023 reflects increased income tax expense, partially offset by earnings from Minnesota solar projects.

Global Architectural Lighting Market Set to Reach $15.98 Billion by 2030, Driven by Rising Demand for Innovative Lighting Solutions - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 1, 2023

The global architectural lighting market size is estimated to reach USD 15.98 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030.

Key Points: 
  • The global architectural lighting market size is estimated to reach USD 15.98 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030.
  • For instance, in July 2023, architectural lighting solution developer MARK Architectural Lighting launched a new lighting family, MAGELLAN, featuring circular, large-format architectural luminaires.
  • Smart lighting solutions integrated with IoT sensors can typically facilitate remote operation and energy conservation.
  • LED architectural lighting has emerged as the most popular architectural lighting solution owing to the benefits, such as extended lifespan, reduced energy consumption, and lower maintenance requirements, associated with it.

Heirloom & CarbonCure Sign Agreement to Permanently Store Atmospheric CO2 in Concrete

Retrieved on: 
Wednesday, November 1, 2023

CarbonCure Technologies and Heirloom have signed an agreement through 2025 to permanently store atmospheric CO2 captured by Heirloom’s Direct Air Capture (DAC) technology in concrete using CarbonCure’s carbon mineralization technologies.

Key Points: 
  • CarbonCure Technologies and Heirloom have signed an agreement through 2025 to permanently store atmospheric CO2 captured by Heirloom’s Direct Air Capture (DAC) technology in concrete using CarbonCure’s carbon mineralization technologies.
  • View the full release here: https://www.businesswire.com/news/home/20231101883941/en/
    Heirloom & CarbonCure Sign Agreement to Permanently Store Atmospheric CO2 in Concrete (Photo: Business Wire)
    In February, Heirloom, CarbonCure and concrete producer Central Concrete made history by demonstrating for the first time ever the ability to capture CO2 from the atmosphere and permanently embed it in concrete.
  • Using CarbonCure’s Reclaimed Water Technology, that CO2 was permanently stored in concrete that was then supplied to construction projects across San Jose, CA.
  • Building on this success, the recently-signed agreement will see CarbonCure permanently store CO2 captured by Heirloom’s DAC facilities in proximate concrete plants.

Infinitum Secures $185 Million Series E Funding Led by Just Climate to Catalyze Industrial Decarbonization with High-Efficiency, Sustainable Motors

Retrieved on: 
Wednesday, November 1, 2023

Infinitum , creator of the sustainable air-core motor, today announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP.

Key Points: 
  • Infinitum , creator of the sustainable air-core motor, today announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP.
  • In the US industrial sector, motors alone consume nearly 70% of total electricity used to power numerous core industrial applications, such as compressors, pumps, fans and material processing and handling equipment.
  • Manufacturing and servicing Infinitum motors is less carbon intensive than traditional motors and the motor’s modular design allows components to be reused multiple times.
  • Evercore acted as the exclusive placement agent for Infinitum in connection with this capital raise.

Princeton NuEnergy (PNE) Secures $16 Million in Series A Funding to Advance Lithium-ion Battery Direct Recycling Technology

Retrieved on: 
Monday, November 6, 2023

BORDENTOWN, N.J., Nov. 6, 2023 /PRNewswire/ -- Princeton NuEnergy ("PNE"), a clean- tech innovator specializing in recycling, repurposing, and commercializing lithium-ion battery materials, is pleased to announce the initial closing of its Series A funding round, raising $16 million. The round was led by Wistron Corporation (TPE: 3231), a Fortune Global 500 member and industry leader in electronics recycling services. Additionally, new institutional investors participated in this round, including Honda Motor Co., Ltd. (NYSE: HMC), GS Futures, and Traxys North America, joining previous investors Greenland Technologies, Shell Ventures, and WorldQuant Ventures, among others. PNE will use the proceeds for new recycling facility construction and equipment procurement to further increase processing capacity and support company operations.

Key Points: 
  • The round was led by Wistron Corporation (TPE: 3231), a Fortune Global 500 member and industry leader in electronics recycling services.
  • PNE will use the proceeds for new recycling facility construction and equipment procurement to further increase processing capacity and support company operations.
  • "This Series A funding round represents a major step towards realizing our vision of a cleaner, greener future through cutting-edge lithium-ion battery recycling technology.
  • "Princeton NuEnergy has an innovative concept and technologies for lithium-ion battery recycling, and Honda has high expectations for their future potential.