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

NuScale Power Comments on Inaccurate Short Seller Report

Retrieved on: 
Tuesday, October 24, 2023

NuScale Power Corporation (NuScale or the Company) (NYSE: SMR) today issued the following statement in response to a misleading short-seller report on October 19, 2023 (the Report).

Key Points: 
  • NuScale Power Corporation (NuScale or the Company) (NYSE: SMR) today issued the following statement in response to a misleading short-seller report on October 19, 2023 (the Report).
  • NuScale has known and worked with Standard Power, ENTRA1 Energy, RoPower and the Utah Associated Municipal Power Systems (UAMPS) for years.
  • NuScale generates cash and revenue from three sources: the sale and delivery of NuScale Power Modules™ (NPMs), licensing support, and services provided.
  • NuScale has not provided any forecast for the expected value of the agreement with Standard Power and ENTRA1 Energy.

Antora Energy Announces U.S. Thermal Battery Manufacturing Facility

Retrieved on: 
Tuesday, October 24, 2023

Antora Energy , a leader in zero-carbon heat and power for the industrial sector, has announced its first large-scale thermal battery manufacturing facility.

Key Points: 
  • Antora Energy , a leader in zero-carbon heat and power for the industrial sector, has announced its first large-scale thermal battery manufacturing facility.
  • Located in San Jose, California, the 50,000-square-foot manufacturing facility will be equipped to produce Antora’s modular thermal batteries, creating and supporting hundreds of U.S. jobs.
  • The announcement of Antora’s thermal battery manufacturing facility follows the launch of the company’s first commercial-scale thermal battery system at an industrial site near Fresno, California.
  • This also comes on the heels of Antora’s landmark thermophotovoltaic (TPV) production facility announced earlier this year—a first-of-a-kind facility producing Antora’s heat-to-power technology that will be used in future thermal battery products.

Mojave Announces Plans to Manufacture in South Carolina

Retrieved on: 
Wednesday, October 25, 2023

ANDERSON, S.C., Oct. 25, 2023 /PRNewswire/ -- Today, Mojave Energy Systems, founded to change the nature of air conditioning, announced it will soon begin manufacturing its ArctiDry product in Anderson, South Carolina. Mojave's novel liquid desiccant technology uses half the energy and 20% less refrigerant than comparable incumbent HVAC products to provide buildings with fresh, cool, dry outdoor air.

Key Points: 
  • ANDERSON, S.C., Oct. 25, 2023 /PRNewswire/ -- Today, Mojave Energy Systems , founded to change the nature of air conditioning, announced it will soon begin manufacturing its ArctiDry product in Anderson, South Carolina.
  • In September, Mojave won a competitive $2.6M grant from the U.S. Department of Energy to support manufacturing scale-up and initial pilot projects.
  • Mojave has selected Anderson, South Carolina as the location for these operations.
  • Mojave will invest more than $4M and create at least 200 high-paying, clean-energy manufacturing jobs over the next five years.

American Battery Technology Company Continues to Advance its Commercial-Scale Hydrometallurgical Battery Recycling Facility

Retrieved on: 
Wednesday, October 25, 2023

Reno, Nev., Oct. 25, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals battery recycling, continues to advance operations and the implementation of its internally-developed lithium-ion battery recycling technologies at its commercial-scale facility located in Nevada, which has now been designated as a regional "innovation and technology hub" by the Biden Administration.

Key Points: 
  • Reno, Nev., Oct. 25, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals battery recycling, continues to advance operations and the implementation of its internally-developed lithium-ion battery recycling technologies at its commercial-scale facility located in Nevada, which has now been designated as a regional "innovation and technology hub" by the Biden Administration.
  • American Battery Technology Company has achieved steps to de-risk implementation of its battery recycling technologies.
  • "By design, the combination of building an in-house team of industry experts and developing in-house technologies is driving construction and operations progress at our commercial-scale lithium-ion battery recycling facility," stated ABTC CEO Ryan Melsert.
  • These battery recycling technologies were developed in-house by the ABTC R&D, engineering, and technical projects team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams.

Allegheny College Recognized by U.S. Department of Energy as One of Four Higher Education Institutions to Achieve 2023 Better Buildings Challenge Energy Savings Goal

Retrieved on: 
Tuesday, October 24, 2023

Allegheny College is one of only four higher education institutions recognized as Better Buildings Challenge 2023 goal achievers and among only 21 higher education institutions that have committed to the challenge.

Key Points: 
  • Allegheny College is one of only four higher education institutions recognized as Better Buildings Challenge 2023 goal achievers and among only 21 higher education institutions that have committed to the challenge.
  • Allegheny College was recognized for achieving energy savings of 22 percent in 10 years by making greater efficiency accomplishments across its building portfolio.
  • The College was the only liberal arts college invited to participate in the kickoff of the Better Buildings Challenge by the Obama Administration in 2011.
  • Allegheny College embraced the Better Buildings challenge as an opportunity to save energy and improve efficiency across its 1.3 million-square-foot building portfolio.

Crowley Moves to Launch First-Ever LNG Bunkering at Panama Canal's Pacific Side

Retrieved on: 
Tuesday, October 24, 2023

JACKSONVILLE, Fla., Oct. 24, 2023 /PRNewswire-PRWeb/ -- Global shipping and sustainable energy logistics leader Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.

Key Points: 
  • JACKSONVILLE, Fla., Oct. 24, 2023 /PRNewswire-PRWeb/ -- Global shipping and sustainable energy logistics leader Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.
  • Crowley's advanced energy group will operate the innovative service to manage the ship-to-ship LNG transfer services.
  • A leader in U.S. LNG supply chain and engineering services, the Panama Canal location expands Crowley's LNG solutions.
  • Crowley has served Central America including Panama for more than 60 years with maritime and logistics services.

Li-Cycle Announces Review of the Rochester Hub Project

Retrieved on: 
Monday, October 23, 2023

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced that it is pausing construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project.

Key Points: 
  • Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced that it is pausing construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project.
  • As previously disclosed, engineering and procurement for the project are largely complete, with the current focus being on construction activities on site.
  • Accordingly, the Company expects the aggregate cost for the current scope of the project to exceed its previously disclosed guidance.
  • In light of these developments, the Board of Directors has decided to pause construction work on the Rochester Hub, pending a review of the project, including an evaluation of the go-forward phasing of its scope and budget, including construction strategy.

Ed Arnold to Lead Asset Development Consulting Practice for EcoEngineers

Retrieved on: 
Thursday, October 19, 2023

EcoEngineers , a clean energy consulting, auditing, and advisory firm, has announced the appointment of Ed Arnold as director of asset development within its consulting practice.

Key Points: 
  • EcoEngineers , a clean energy consulting, auditing, and advisory firm, has announced the appointment of Ed Arnold as director of asset development within its consulting practice.
  • View the full release here: https://www.businesswire.com/news/home/20231019640623/en/
    Ed Arnold joins EcoEngineers, a clean energy consulting, auditing, and advisory firm, as director of asset development.
  • (Photo: Business Wire)
    Mr. Arnold brings more than 25 years of experience in the renewable fuels, biochemicals, and oil and gas industries.
  • This is a key factor in any decarbonization plan and something overlooked in most plans.”
    Mr. Arnold has helped entrepreneurs and corporations with business strategy and manufacturing process development.

Sunnova Prices First Project Hestia Securitization of Residential Solar and Battery Systems

Retrieved on: 
Thursday, October 19, 2023

“Project Hestia stands as a testament to Sunnova and the DOE’s unwavering commitment to spearheading transformative initiatives that benefit customers, empower communities, and enhance the overall energy landscape in the United States,” said William J.

Key Points: 
  • “Project Hestia stands as a testament to Sunnova and the DOE’s unwavering commitment to spearheading transformative initiatives that benefit customers, empower communities, and enhance the overall energy landscape in the United States,” said William J.
  • “This successful pricing of Project Hestia’s first securitization showcases our continuing dedication to pioneering sustainable, reliable, and cost-effective energy solutions.”
    “With this securitization, Project Hestia has set remarkable benchmarks for both credit ratings and cost of capital within our sector,” said Robert Lane, Chief Financial Officer of Sunnova.
  • “Hestia I achieved a weighted average spread of 197 basis points over the benchmark interest rate through the BB level.
  • The notes are backed by a diverse portfolio of rooftop solar systems, battery storage systems, and combined rooftop plus storage systems distributed across more than 20 states and territories.

DOE Awards $50 Million to Minnesota Power to Increase Reliability and Resilience of Region’s Transmission Grid in Support of a Clean-Energy Future

Retrieved on: 
Wednesday, October 18, 2023

“Investments in transmission are critical to the reliability and resiliency of the grid as we continue to build a carbon-free energy future and advance Minnesota Power’s EnergyForward strategy,” said Bethany Owen, ALLETE CEO.

Key Points: 
  • “Investments in transmission are critical to the reliability and resiliency of the grid as we continue to build a carbon-free energy future and advance Minnesota Power’s EnergyForward strategy,” said Bethany Owen, ALLETE CEO.
  • Commissioned in 1977, the HVDC transmission system has served Minnesota Power well in its more than four decades of operation.
  • Minnesota Power acquired the HVDC line in 2009 to reliably deliver nearly 500 megawatts of wind energy from its North Dakota wind sites to its customers in Minnesota.
  • Minnesota Power’s HVDC transmission line is one of only a handful of existing long-distance HVDC lines in the country.