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Headline News: “Dandelion Energy Ready To Expand Ground Source Heat Pumps” • The Inflation Reduction Act has given the heat pump industry a lift. Reportedly, Dandelion Energy raised $70 million more to expand its business from a group of investors including Breakthrough Energy Ventures and Lennar, one of the largest homebuilders in America. [CleanTechnica] Headline News: “Ukraine War: How Germany Ended Reliance On Russian Gas” • After a scramble to secure alternative supplies, lights sparkle in German Christmas markets. Germany’s hastily assembled system to manage without Russian gas appears to be working for now. And engineers have finished building the country’s first liquified natural gas terminal in record time. […] Headline News: “LG Chem To Build $3 Billion Battery Cathode Factory In Tennessee” • The Inflation Reduction Act continues to drive new investment in America. LG Chem announced that it will build a new $3 billion cathode manufacturing facility in Clarksville, Tennessee. When complete, it will be the largest factory of its kind in the […] Headline News: “BrightDrop On Track For Fastest Company In History To Reach $1 Billion In Revenue” • BrightDrop, a GM subsidiary that makes delivery EVs, told investors it expects to have $1 billion in sales in 2023, showing historically fast growth. By the end of the decade, the company expects to reach 20% profit margins […] Headline News: “COP27 Summit Agrees On Landmark Climate ‘Loss And Damage’ Fund, But Does Little To Encourage Rapid Cuts To Fossil Fuel Use” • Delegates from nearly 200 counties at COP27 agreed to set up a “loss and damage” fund to help vulnerable countries cope with climate disasters. But the final text lacks new language […] Headline News: “Mainers Pay More For Power As Experts Look To Renewable Energy” • Electricity prices are expected to go up for Mainers in January by an average of $32 per month, due to the war in Ukraine. PUC commissioner Patrick Scully said the bill would have gone down if New England Energy Corridor were […] Headline News: “Burns & McDonnell Signs Offshore Substation Partnership” • Burns & McDonnell and Bay Ltd have announced a partnership to provide US-based engineering, procurement, fabrication, and construction of offshore substations. Burns & McDonnell will lead engineering. Fabrication and construction will take place in existing Bay Ltd facilities in Texas. [reNews] Offshore wind […] Headline News: “Melting Glaciers Could Release Tonnes Of Bacteria” • Vast amounts of bacteria could be released as the world’s glaciers melt due to climate change, researchers at Aberystwyth University warn. In a recent study, they showed that potentially harmful pathogens are among the 100,000 tonnes of microbes that could leak into rivers and lakes. […] Headline News: “Getting Renewable Energy Connected” • There are about 1,300 GW of new energy resources, primarily renewables and storage, waiting to connect to power grids across the US. That’s more than the combined output of all power plants operating in the country today. The Federal Energy Regulatory Commission blames the backlog on old rules. […] Headline News: “Biggest Rainforest Nations Form Triple Alliance To Save Jungle” • The world’s three largest rainforest nations, Brazil, Democratic Republic of Congo, and Indonesia, have launched a partnership to cooperate on forest preservation after a decade of on-off talks on a trilateral alliance. They will pressure the rich world to finance forest conservation. [CNN] […] |
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