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Headline News: “What Higher Natural Gas Prices Mean For CT’s Clean Energy Push” • United Illuminating and Eversource, Connecticut’s two largest power utilities, announced last week that electric bills for most customers would increase between $79 and $85 a month as a result of the global natural gas shortage precipitated by Russia’s invasion of Ukraine. […] Headline News: “New Floating Offshore Wind Project Aims For 999 MW” • The world’s largest floating offshore wind array clocked in at 88 MW just last week, and now here comes another one more than ten times its size. If all goes according to plan, the proposed Nao Victoria offshore wind farm will bring 999 […] 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. […] |
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