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Chevron Leads Latest Fundraising for Svante to Advance Carbon Capture Technology

Chevron Leads Latest Fundraising for Svante to Advance Carbon Capture Technology

Svante, considered a leader in developing carbon capture technologies, said a division of Chevron U.S.A. Inc. was lead investor in a $318 million fundraising round, which is to be used to accelerate the business.  Chevron New Energies (CNE) provided most of the financing. CNE was formed in 2021 to accelerate opportunities in carbon capture utilization…

December 21, 2022
Sempra’s ECA and Vista Pacifico Mexico LNG Export Permits Gain Approval

Sempra’s ECA and Vista Pacifico Mexico LNG Export Permits Gain Approval

The U.S. Department of Energy (DOE) has granted Sempra Infrastructure’s request for two LNG export permits for terminal projects planned to provide a swift channel for U.S. natural gas to Asia from the Mexican Pacific Coast. Published by the DOE Tuesday, the orders expanded non-Free Trade Agreement (FTA) export volumes for Sempra’s Energia Costa Azul…

December 21, 2022
PG&E’s Diablo Canyon Gains Funding to Extend Life for California’s Last Nuclear Plant

PG&E’s Diablo Canyon Gains Funding to Extend Life for California’s Last Nuclear Plant

The Department of Energy (DOE) has conditionally awarded $1.1 billion in federal funding to Pacific Gas and Electric Co. (PG&E) to support extending operations at California’s last remaining nuclear power plant. PG&E’s 2.2 GW Diablo Canyon Power Plant (DCPP) in San Luis Obispo County provides about 17% of California’s carbon-free electricity and 8.6% of the…

November 28, 2022
Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades.  Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring…

November 14, 2022
Europe Top Destination for U.S. LNG in 1Q2022, but Asian Restocking Could Boost Buying

Europe Top Destination for U.S. LNG in 1Q2022, but Asian Restocking Could Boost Buying

Europe replaced Asia as the top destination for LNG exports from the United States in the first quarter of 2022 while pipeline gas exports to Mexico continued to grow, according to the latest trade scorecard compiled by the U.S. Department of Energy’s gas regulation division. France, Spain, the United Kingdom, Turkey and the Netherlands combined…

August 3, 2022
Long-planned Alaska LNG Project Wouldn’t Increase Greenhouse Gas Emissions, DOE Says

Long-planned Alaska LNG Project Wouldn’t Increase Greenhouse Gas Emissions, DOE Says

The Alaska liquefied natural gas (LNG) terminal project would not have an impact on greenhouse gas (GHG) emissions if constructed, according to the latest analysis from the Department of Energy (DOE). DOE in late June published its draft supplemental environmental impact statement (EIS) for the Alaska LNG project (DOE/EIS-0512-S1). Researchers found that with mitigations already…

July 1, 2022
Natural Gas Furnace Proposal Raises Doubts from Industry

Natural Gas Furnace Proposal Raises Doubts from Industry

A U.S. Department of Energy (DOE) proposal could increase energy-efficiency requirements for the average natural gas furnace in American homes, and it has spurred questions about consumer choice and affordability. “By updating energy standards for many carbon-emitting appliances, such as home furnaces, the Biden Administration is working to save consumers money,” DOE Secretary Jennifer Granholm…

June 22, 2022
DOE Grants $8M to Hydropower Upgrade Projects

DOE Grants $8M to Hydropower Upgrade Projects

The U.S. Department of Energy (DOE) has awarded $8 million to three projects that aim to strengthen hydroelectric power’s ability to support the changing grid. Pumped-storage hydropower (PSH) is capable of storing large amounts of low-cost renewable energy. One of the main challenges facing the hydropower industry is the gaps in information on how to…

June 6, 2022
DOE Surfing to Cleaner Energy Grid, Awards $25M to Wave Energy Projects

DOE Surfing to Cleaner Energy Grid, Awards $25M to Wave Energy Projects

The U.S. Department of Energy (DOE) said on behalf of the Water Power Technologies Office (WPTO), it plans to award $25 million to fund eight research and development (R&D) projects on wave-generated electricity.  The R&D projects are expected to improve wave energy converters (WEC) and other wave energy technologies. The goal is to deploy the…

February 1, 2022
U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

U.S. Energy Exports to Canada Hit Four-Year Low in 2020, EIA Says

As Covid-19 depressed petroleum demand, the value of the energy trade between the United States and Canada fell sharply from 2019 to 2020, according to the U.S. Energy Information Administration (EIA). Citing U.S. Census Bureau data, EIA said the value of domestic energy imports from Canada fell 31% in 2020 compared with the previous year.…

December 8, 2021
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