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Oklo finalizes agreement with DOE for nuclear reactor site inspections in Idaho

Global, News

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,…

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US DOE allocates over $3 billion for battery manufacturing projects across 14 states

Global, News

The US Department of Energy (DOE) has allocated more than $3 billion to fund 25 projects aimed at enhancing battery manufacturing capabilities across 14 states. These projects are part of the Biden-Harris Administration’s Investing in America initiative and are designed to increase domestic battery material production, align with EV tax credit rules, and reduce reliance on China. The investment, managed by the Office of Manufacturing and Energy Supply Chains (MESC), will generate over 8,000 construction…

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US DOE finalizes $72.8 million loan guarantee for microgrid in California

Global, News

The US Department of Energy (DOE) has approved a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, supported by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery. The Viejas Band of Kumeyaay Indians will secure electricity through a long-term power purchase agreement (PPA) with the project company, reducing energy…

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Piedmont Lithium withdraws DOE loan application

Global, News

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…

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US DOE grants $1.45 billion loan to Qcells for Georgia solar facility

Global, News

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has granted conditional support for a loan of up to $1.45 billion to Qcells, aiding the construction of a first-of-its-kind solar supply chain manufacturing facility in Cartersville, Georgia. Once finalized, the loan will support Qcells, the largest silicon-based solar panel manufacturer in the West, in producing critical solar technologies at a multi-gigawatt scale, including ingots, wafers, cells, and finished panels. Qcells aims to complete the…

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US DOE announces $2.2 billion investment for grid modernization, $63 million for battery recycling

Global, News

The US Department of Energy (DOE) has unveiled a $2.2 billion initiative to modernize the nation’s power grid, supported by the Bipartisan Infrastructure Law’s Grid Resilience and Innovation Partnerships (GRIP) programme. This investment will fund eight key projects across 18 states, aiming to enhance grid resilience against extreme weather, reduce community energy costs, and expand capacity for manufacturing and data centres. The comprehensive upgrade is expected to boost the grid’s capacity by 13GW, including 4,800MW…

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Appalachian regional clean hydrogen hub receives $925M from US DOE

Global, News

The Appalachian Regional Clean Hydrogen Hub (ARCH2) will receive up to $925 million over its project lifetime from the US Department of Energy (DOE). Phase 1, which started in July 2024 and will last up to 36 months, has unlocked $30 million, with the remaining funds to be released in three future phases as the hub meets DOE milestones. The phased development will span more than a decade. ARCH2 became one of the seven hydrogen…

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Oklo signs LOIs with data centres to supply 750MW of low-carbon power

Global, News

US-based Oklo, a developer of fast fission power plants, has secured letters of intent (LOIs) to provide up to 750 MW of low-carbon energy to two data centre providers.  Under these LOIs, Oklo will deploy its Aurora powerhouses, which offer scalable solutions of 15 MW and 50 MW units, for direct on-site or nearby power generation in select markets. Oklo’s deployment model aims to reduce reliance on traditional power grids, enhancing grid stability and potentially…

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Oklo secures environmental permit for fission power plant in US

Global, News

Oklo, a fission power and nuclear fuel recycling company, has received an environmental compliance permit from the US Department of Energy (DOE) and Idaho National Laboratory (INL) for its advanced fission power plant site. This permit enables Oklo to proceed with plans to launch the first commercial advanced fission plant in the United States. The permit approval follows a recently completed memorandum of agreement (MoA) with the DOE, initiating site characterization activities for the project….

Power Sector News Roundup for November 7, 2024

Power Bytes

Global: Trump as US president will deepen climate crisis: Policy experts Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia GE Vernova launches HVDC Competence Center in Berlin Global shift towards sustainable energy drives $3.1 trillion investment surge EWEC receives three bids for 1,500 MW Khazna Solar PV project in Abu Dhabi Cubico unveils Scout Moor II: 100 MW wind project to power 100,000 UK homes Singapore’s Punggol Digital District to feature first…