Renewables

New York’s largest utility, Consolidated Edison Inc., plans to sell its clean energy businesses to the U.S. arm of German conglomerate RWE AG for $6.8 billion.  ConEd, as it is better known, agreed to sell ConEd Clean Energy Business Inc. (CEB), and three related business units to RWE Renewables Americas LLC. The transaction is expected…

Following positive results from a pilot program based in the Permian Basin to produce gold hydrogen using would-be abandoned oil and gas reservoirs, Cemvita Factory Inc. said it has formed and closed funding for a new subsidiary in preparation to commercialize with its founding investors. “In a very short time frame, we moved our microbes…

Enbridge Inc. agreed Thursday to pay $270 million to buy Tri Global Energy LLC (TGE), a top U.S. wind and solar company with a portfolio that includes 45 generating sites in seven states. The takeover, which includes debt, adds a built-in bonus of up to $50 million if all of TGE’s projects now on the…

Every bottle of Jim Beam Kentucky Straight Bourbon could be a little greener in the near future thanks to Beam Suntory Inc.’s inclusion of a renewable natural gas (RNG) project as a part of an expansion at its iconic Kentucky distillery. The Chicago-based producer of spirit brands like Jim Beam and Maker’s Mark has announced…

California real estate and infrastructure firm Cim Group is creating an energy start-up with a renewable natural gas (RNG) foundation by acquiring Mas Energy LLC’s development platform and project portfolio. Terreva Renewables was formed to incorporate the Mas development team and production from seven landfill natural gas projects. The price of the acquisition was not…

Gevo Inc. is preparing to build a commercial-scale sustainable aviation fuel (SAF) production facility, Net-Zero 1 (NZ1) in South Dakota, in which the biofuels company plans to incorporate green hydrogen produced from water and renewable natural gas.  “As all the elements come together, from farmers growing sustainable corn feedstock, to renewable wind power and renewable…

Airlines see the idea of reducing greenhouse gas (GHG) emissions through alternative fuels as a positive, but an eight-fold increase in fuel cost may stand in the way of landing on net-zero targets on time.  Last year, the Biden administration targeted commercial aviation for reducing emissions, and  set a domestic production goal of 3 billion…

Following Gov. Gavin Newsom’s request to the California Energy Commission (CEC) to shoot for more “ambitious” climate goals, the regulator last week adopted a planning goal to develop 25 GW of offshore wind by 2045.  In its latest report, Offshore Wind Energy Development off the California Coast, CEC said that the “preliminary planning goals are…

President Biden is expected to sign into law the Inflation Reduction Act of 2022 once it reaches his desk, legislation that Department of Energy (DOE) Secretary Jennifer Granholm said would be “monumental” for clean energy investments. Under the legislation, which cleared the Senate on Sunday and is expected to be approved by the House later…