The huge new project follows last week''s federal budget allocation of $6.7 billion in tax incentives for the development of green hydrogen production in Australia – an incentive iron ore

WASHINGTON (Reuters) -President Joe Biden''s administration on Wednesday announced $3.5 billion in grants for projects to protect the aging U.S. power

. Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing demand and support the long-term plans and electrification efforts. The investments will gradually expand the company''s global transformer capacity by 2027

Zurich, April 23, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing

The five-year joint development agreement is expected to facilitate the development and construction of new solar generation and energy storage projects. About Entergy Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas.

WASHINGTON, D.C. — As part of President Biden''s Investing in America agenda, the U.S. Department of Energy (DOE) announced a $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles (EVs)—supporting good jobs and a just transition to EVs.

Today''s second round funding opportunity will provide an investment of an additional $3.9 billion for Fiscal Years 2024 and 2025. Successful projects will deploy Federal funding to maximize grid infrastructure deployment at-scale and leverage private sector and non-federal public capital to advance deployment goals.

Invest more than $7 billion in the supply chain for batteries, which are essential to powering our economy with 24/7 clean, affordable, and resilient energy and transportation options. This will include producing critical minerals, sourcing materials for manufacturing, and even recycling critical materials without new extraction/mining.

AUSTIN, Texas, January 25, 2024--VC Funding in Energy Storage reaches a record $9.2B, Smart Grid companies brought in $3.3B in total corporate funding in 2023.

SEOUL, March 24, 2023 – LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and

$5.5 billion for over 160 states, Tribes, and companies to increase grid resilience, including the largest single investment in electric transmission and distribution infrastructure in the history of the United States to improve

The Clean Electricity Investment Tax Credit is expected to cost $6.3 billion over four years starting in 2024-25, and an additional $19.4 billion from 2028-29 to 2034-35. The Clean Technology Investment Tax Credit announced in the 2022 Fall Economic Statement will complement the Clean Electricity Investment Tax Credit by

Advertisement. WASHINGTON (Reuters) -President Joe Biden''s administration on Wednesday announced $3.5 billion in grants for projects to protect the aging U.S. power grid from extreme weather and

Oct. 18, 2023, at 1:01 p.m. US Invests $3.5 Billion to Bolster Power Grid, Deploy Clean Energy. More. Reuters. FILE PHOTO: A woman jogs by power lines, as California''s grid operator urged the

Paired Power, a commercial solar and battery energy storage system manufacturer, received a $3.5 million tax credit to expand its operations in Campbell as well as the Central Valley. Collectively, these two companies will make nearly $130 million in capital investments and create more than 540 new, full-time jobs across California.

The US Department of Energy (DOE) has earmarked up to US$3.5 billion of new capital for battery manufacturing, a week after European gigafactory

US Ambassador announced a major investment of USD 3.8 billion by the United States International Development Finance Corporation (IDFC) to support India''s renewable energy, infrastructure

SAN ANTONIO, March 6, 2024 – As part of President Biden''s Investing in America agenda, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced at the National Rural Electric Cooperative Association''s PowerXchange annual meeting in San Antonio, Texas that USDA is moving forward on clean energy investments in 23 states

The U.S. Department of Energy (DOE) issued two notices of intent to provide US$2.91 billion to boost production of the advanced batteries that are critical to rapidly growing clean energy industries of the future,

June 7 (Reuters) - Utility firm Entergy (ETR.N) and a unit of NextEra Energy (NEE.N) on Friday entered into an agreement to develop up to 4.5 gigawatts (GW)of new solar and energy storage projects

Recently, European Investment Bank signed a memorandum of understanding with India Hydrogen Alliance to provide €1 billion (~$1.1 billion) to develop large-scale green hydrogen hubs across India. In 2021, Essar had announced plans to enter the Indian renewable energy market by setting up a 90 MW open access solar power

BP will invest $3.5 billion in Egypt along with its partners over the next three years, as the UK energy company seeks to expand in the country. The announcement came after Egyptian President Abdel Fattah El Sisi met with BP''s chief executive Bernard Looney on Monday. The investments will go towards exploration, production and local

Zurich, April 23, 2024 – Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing demand and support the long-term plans and electrification efforts.

President Joe Biden''s administration on Wednesday announced $3.5 billion funding for projects to protect the aging U.S. power grid from extreme weather and

$3,500,000,000 in Funding Funded by the Bipartisan Infrastructure Law, the Regional DAC Hubs Program received a combined $3.5 billion to help accelerate the demonstration and deployment of direct air capture technologies, supporting efforts to create good-paying jobs, reduce pollution, and reinforce America''s global competitiveness in clean energy

By Timothy Gardner. WASHINGTON, Oct 18 (Reuters) - President Joe Biden''s administration on Wednesday announced $3.5 billion funding for projects to protect the aging U.S. power grid from extreme

The Top 5 Energy Storage VC funding deals in 2023 were: Zenobe, which raised $1.1 billion; Redwood Materials, which raised $1 billion; SK On, which brought in $944 million; Verkor, which raised

Global Technology and Innovation Center in India will increase to more than 4,000 employees to serve more than 40 countries. Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced

Follow. Zurich, April 23, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the

The Administration through the U.S. Department of Energy (DOE) released a Request for Information seeking public input on the structure of a $2.3 billion formula grant program to strengthen and modernize America''s power grid.

Investing in America will fund 58 projects across 44 States to improve grid resilience and reliability. White House Infrastructure Implementation Coordinator Mitch Landrieu and Secretary of Energy Jennifer M. Granholm announced $3.46 billion to fund 58 projects across 44 states to strengthen electric grid resilience and reliability across America.

In 2019, around 80% of all public energy R&D spending was on low-carbon technologies – energy efficiency, CCUS, renewables, nuclear, hydrogen, energy storage and cross-cutting issues such as smart grids. With 6% growth, spending on low-carbon technologies rose faster than total public energy R&D spending, reaching USD 25 billion in 2019.

Biden administration announces $3.5 billion investment in U.S. electric grid. As an example of one of the successful applications, Georgia will receive $507

The $5.5 billion is nearly four times the initially-announced investment of $1.4 billion. The company plans to invest $3.2 billion to build a cylindrical battery manufacturing facility for EV with a capacity of 27 GWh. LGES also plans to invest $2.3 billion in a LFP pouch-type battery facility for ESS with a capacity of 16 GWh.

The Biden administration has announced $3.5 billion for 58 projects across the country to strengthen electric grid resilience as extreme weather events such

US Ambassador Eric Garcetti has said that the United States International Development Finance Corporation is investing USD 3.8 billion to meet India''s renewable energy and infrastructure goals.

WASHINGTON, Oct 18 (Reuters) - President Joe Biden''s administration on Wednesday announced $3.5 billion in grants for projects to protect the aging U.S. power grid from extreme weather and

Biden-Harris Administration Announces $3.5 Billion to Strengthen Domestic Battery Manufacturing. Thursday, 16 November 2023. Beth Anton. Two years after President Biden signed the Bipartisan Infrastructure Law, the U.S. Department of Energy announced up to $3.5 billion from the Infrastructure Law to boost domestic production of