U.S. Secretary of Energy Jennifer Granholm announced today that the Department of Energy (DOE) will allocate $57 million in cost-share funding to the North Carolina Innovative Transmission Rebuild project. This initiative, involving Duke Energy, the North Carolina Department of Environmental…
Duke Energy Florida has successfully restored power to 90% of its customers within 24 hours of Hurricane Debby’s landfall in the Big Bend. The company’s crews are continuing their dedicated efforts to restore power to the remaining areas most affected…
Following the completion of the acquisition of a 77% stake in Elk Valley Resources (EVR) on July 11, 2024, we initiated a consultation process to gauge shareholder opinions on whether to retain or demerge the coal and carbon steel materials…
Recently, the bulk carrier SHEN HUA 801, owned by the Shipping Company, successfully completed its task of transporting 73,300 tonnes of thermal coal from the Port of Newcastle in Australia to the Houshi Power Plant in Zhangzhou within 50 days.…
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”) from Sumitomo Chemical for $702 million. Petro Rabigh, a refining…
Nevada imports 88% of its fuel from California refineries. Recently, Nevada Governor Joe Lombardo toured Chevron’s El Segundo Refinery in California to learn more about fuel production and Chevron’s operations. Lombardo has expressed concern about the impact of California’s policies…
Florida Power & Light Company (FPL) is working diligently to restore power as Hurricane Debby moves across Florida. After making landfall earlier today in the Big Bend region, FPL has restored power to 214,000 customers by 6 p.m. and will…
Exxon Mobil Corporation today reported second-quarter 2024 earnings of $9.2 billion, or $2.14 per diluted share. The company generated $10.6 billion in cash flow from operating activities, with $15.2 billion in cash flow from operations excluding working capital changes. Shareholder…
Oklo Inc. (NYSE: OKLO), a leader in fast fission clean power technology and nuclear fuel recycling, will hold a conference call to discuss its second quarter 2024 earnings and business updates on Tuesday, August 13, 2024, at 5:00 p.m. Eastern…
CLEAResult, North America’s largest provider of energy efficiency, energy transition, and energy sustainability services, announced today that Wisconsin will utilize the CLEAResult ATLAS™ | IRA Home Energy Rebates platform for its groundbreaking launch of the Inflation Reduction Act (IRA) Home…
Hawaiian Electric Industries, Inc announced that HEI, its subsidiary Hawaiian Electric Company, Inc. (“Hawaiian Electric”), and other parties have reached an agreement in principle to settle all tort claims related to the August 2023 wildfires on Maui. HEI, Hawaiian Electric,…
Westinghouse Electric Company has appointed Dan Lipman as the new president of its Energy Systems business unit. In this role, Lipman will oversee the deployment of the AP1000® pressurized water reactor, the AP300™ small modular reactor, and advancements in reactor…