In a strategic bid to counter China’s dominance over the global supply of critical minerals, India has signed a memorandum of understanding (MoU) with the United States. This pact, announced during a commercial dialogue between Indian Commerce Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo, aims to secure and diversify supply chains for […]
The Biden-Harris administration has taken a crucial step to boost the U.S. nuclear energy sector. As part of the broader Investing in America agenda, the U.S. Department of Energy has awarded four major contracts to establish a domestic supply of high-assay low-enriched uranium, known as HALEU. This move aims to reinforce America’s leadership in advanced […]
In a sensational move that marks the latest intersection of technology and energy, Constellation Energy has struck a deal with Microsoft to restart Pennsylvania’s dormant Three Mile Island nuclear plant. The deal aims to meet the skyrocketing energy needs of artificial intelligence (AI) systems powering Microsoft’s data centres. This $1.6 billion project will revive Unit […]
In a major development for the electric vehicle (EV) sector, the U.S. Department of Energy (DOE) has announced a $50 million funding initiative aimed at enhancing the capabilities of small- and medium-sized suppliers in six states with substantial automotive workforces. This funding, part of the Biden-Harris Administration’s Investing in America agenda, is designed to help […]
In a significant move under the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $1.45 billion to Qcells. This landmark decision will support the construction of Qcells’ new solar supply chain facility in Cartersville, Georgia, marking the […]
In a significant strategic shift, Nelnet Renewable Energy has announced its decision to exclusively concentrate on the commercial solar market, stepping away from its residential solar operations. This move is part of Nelnet Renewable Energy’s broader initiative to harness its expertise in solar engineering, procurement, and construction (EPC) towards sectors exhibiting strong growth potential and […]
Schneider Electric, a global leader in the digital transformation of energy management and automation, has unveiled plans to significantly bolster its manufacturing operations in the United States with a substantial $140 million investment. This strategic move is aimed at creating approximately 750 new manufacturing positions across the country in 2024, marking a significant commitment to […]