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Piedmont Lithium withdraws DOE loan application
Piedmont Lithium has cancelled its application with the US Department of Energy’s (DOE) Loan Programs Office, citing high costs. The decision comes as the company faces an 83% decline in lithium prices over the past year, prompting a need to preserve cash flow. The company recently scrapped plans for a lithium processing facility in Tennessee, despite receiving a $141.7 million government grant. Piedmont is now seeking debt financing for 65% to 75% of the $1…
Adani Power completes acquisition of Pathadi thermal project phase II
Adani Power Limited (APL) completed the acquisition of Lanco Amarkantak Power Limited (LAPL) for the Pathadi Thermal Power Project (TPP) phase II. The acquisition includes LAPL’s existing 2×300 MW (600 MW) operational TPP in Korba district, Chhattisgarh, and the development of an additional 2×660 MW (1,320 MW) TPP capacity under phase II expansion.
China pumped in over $100 billion overseas in cleantech since 2023
Chinese firms have invested over $100 billion in overseas clean energy projects since 2023, according to a report by Australian research group Climate Energy Finance (CEF). The investments, largely aimed at circumventing tariffs in the U.S. and other regions, reflect China’s global dominance in solar panels, lithium batteries, and electric vehicles. China leads the world in clean energy manufacturing, accounting for 78.1% of global solar panel production, 24.1% of lithium batteries, and 32.5% of electric…
Hygenco, Mitsubishi Power partner to advance green hydrogen, ammonia technologies
Hygenco Green Energies and Mitsubishi Power have signed an MoU to develop and deploy green hydrogen and ammonia-fired gas turbine combined cycle (GTCC) power plants. Hygenco will supply green fuel, while Mitsubishi Power will handle the development and management of production facilities, aiming to scale up green hydrogen for commercial viability. Mitsubishi Power is also working on converting existing GTCC plants from natural gas to hydrogen and ammonia, driving the transition to cleaner energy. This…
India eyes pipeline network for cost-effective green hydrogen transport, study underway
The Indian government has launched a study to assess the costs and reliability of transporting green hydrogen through pipelines from renewable energy regions to ports, for both domestic consumption and export. The study, led by a team including GAIL, Indian Oil Corporation (IoCL), the Central Electricity Authority (CEA), and NTPC, will explore the feasibility of transporting green hydrogen either via power transmission lines or pipelines. Ghanshyam Prasad, Chairperson of the CEA, noted the challenges of…
Oklo finalizes agreement with DOE for nuclear reactor site inspections in Idaho
Nuclear power company Oklo has secured a memorandum of agreement (MOA) with the U.S. Department of Energy (DOE), allowing it to conduct site inspections for its planned advanced nuclear reactor in Idaho. This agreement enables Oklo to proceed with geotechnical assessments, environmental surveys, and infrastructure planning, crucial steps toward advancing the project to the construction phase. Oklo is the only advanced fission company with a DOE site use permit and has made significant regulatory progress,…