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…
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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…

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…

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…

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…

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…

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…

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…

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…

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.…