General Motors (GM) is expecting to reach profitability on electric vehicles (EVs) by 2025 as higher margin models hit the market, according to a statement from one executive last week. On Thursday at the Barclays conference in New York, GM’s Chief Financial Officer Paul Jacobson told analysts that the automaker expects to start generating mid-single-digit…
By Kelsey Misbrener Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS), in partnership with the Dept. of Energy (DOE), announced massive demand in the initial application period for solar and wind facilities through the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program. During the initial 30-day application window, the program received…
When GM chief financial officer Paul Jacobson spoke to analysts at a Barclays conference on November 30, he acknowledged the. [continued] The post GM Expects Its Electric Vehicles To Become Profitable In 2025 appeared first on CleanTechnica.Brought to you by: EV Driven Read Full Article Here For more great articles: Electric Vehicles
By Aurora Solar The US residential solar + storage market continues its upward trajectory, with the Solar Energy Industries Association (SEIA) predicting that by 2025, one in every three new solar PV systems will be paired with storage. Driving this growth are factors like increasing power outages, net metering policies, financial incentives, and virtual power…
By National Wind Watch The Biden administration quietly granted a request from an energy firm developing an offshore wind project off the coast of Massachusetts to waive development fees designed to safeguard taxpayers, according to internal documents reviewed by Fox News Digital. The Bureau of Ocean Energy Management (BOEM) informed Vineyard Wind that it had…
By [email protected] (Stephen Edelstein) Following substantial increases in 2022, EV battery prices are falling again, according to new analysis from Bloomberg New Energy Finance (BNEF). Lithium-ion battery pack prices have fallen 14% this year to a record low of $139 per kwh, BNEF reported this week. This was driven by decreases in raw-material and component…
By Adnan Memija The UK shipbuilder Diverse Marine has introduced the Diverse Marine Client Finance Programme, its […] Read Full Article Here For more great articles: Offshore Wind » News by topic
By Kelsey Misbrener Clir Renewables has released new technology to model the variability of hourly energy production. Powered by machine learning and over 200 GW of data, the software greatly improves upon the accuracy of industry standard approaches to modeling production shape and volume. The result is quality data to support owners and operators with…
By Kelsey Misbrener Kendall Sustainable Infrastructure (KSI) has begun operation of four new community solar projects totaling 4.4 MW and serving 686 households in and near Pennsauken and Moorestown, New Jersey. Partners on the projects include the tax equity finance firm Monarch Private Capital, New Jersey-based construction contractor Advanced Solar Products, New Jersey-based developer Independence…
By Giles Parkinson AGL to spend $760 million this financial year keeping its two coal fired power generators online as part of a $1 billion upgrade and maintenance program. The post AGL spending $760 million on coal generator upkeep, even as it adds new batteries appeared first on RenewEconomy. Read Full Article Here For more…
By [Energy Central] Charley Rattan UK| EU, European Hydrogen Backbone Finance for the Green Economy Read Full Article Here For more great articles: The Energy Collective – The world’s best thinkers on energy & climate
By National Wind Watch A month ago, after Cape May County, New Jersey, filed a federal lawsuit to stop two immense Ørsted wind farms, the company responded by announcing they were canceling their plans, leaving unfinished construction, citing their inability to predict financial pressures on the project, not widespread community opposition. Two senior staff have…
By [Energy Central] Energy in Depth Natural gas and oil development in the Muskingum Watershed Conservancy District (MWCD) has brought $1 billion of economic impact to the region, according to a new analysis by Cleveland State University. The historic partnership has also supported 2,606 jobs totaling nearly $300 million in wages and benefits over the…
By [Energy Central] Robert Rapier It’s earnings season, and with ExxonMobil and Chevron posting big profits, that can only mean one thing. They are once again being blamed for gouging consumers and for causing inflation. As I have argued before, such thinking reveals a massive misunderstanding of economics. Oil prices are set on exchanges based…
By Abigale Sherman Enbridge, a Canadian oil and gas company, has formed a joint venture with EDF Renewables North America to develop and operate the Fox Squirrel solar farm in Ohio. With a capacity of 577MW, this solar plant is being constructed in three phases. Enbridge has acquired a 50% stake in the joint venture,…