Sunnova sells part of its solar panel business to Omnidian at $7 million
Sunnova Energy announced on Wednesday it had agreed to sell to Omnidian a portion its residential solar business for $7 million cash and the assumption of certain liability as part of a "stalking horse" deal. Sunnova, the U.S.
IEA: World oil demand will continue to grow this decade despite China's peak in 2027
The International Energy Agency (IEA) said that global oil demand will continue to grow until the end of the decade, despite a peak in China, the top importer, in 2027. This is because cheaper gasoline in the United States and…
Sunnova Energy files for Chapter 11 bankruptcy protection
Sunnova Energy announced on Sunday that it filed for Chapter 11 bankruptcy in the United States. The residential solar panel installer is struggling with a huge debt pile and slow demand. Sunnova, a company that is restructuring its debts…
The US solar energy market will slow down as Washington shifts its priorities
A report released on Monday by the top solar trade association predicts that the number of new solar energy installations in the United States will decline over the next five-year period as the industry struggles with a federal policy shift favoring fossil fuels and tariffs.
Sunnova Energy will lay off 718 workers
Sunnova Energy announced on June 5, that it will lay off approximately 55% of its employees or 718 workers in an effort to reign in spending, as the residential solar panels installer struggles with a massive amount of debt and a sluggish market.
US cancels 24 clean-energy projects, including Exxon Baytown
Energy Department announced on Friday that the U.S. had canceled 24 awards totaling more than $3.7billion, including one to Exxon's refinery complex in Texas. The award was made during former president Joe Biden’s administration.
Utility Vistra buys natural gas assets worth $1.9 billion for power needs
Vistra, a utility, announced on Thursday that it will acquire seven natural-gas generation facilities with a combined power of 2,600 megawatts from Lotus Infrastructure Partners, for $1.9 billion. The move is part of its efforts to meet the growing demand for electricity.
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against Donald Trump, the president of the United States, on Friday in an attempt to stop his National Energy Emergency. The states said that it was an illegal effort to ignore regulations…
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against President Donald Trump Friday in an attempt to stop his National Energy Emergency, which they said was an illegal effort to ignore regulations and speed up permitting for oil and natural gas development.
Increased US Natural Gas Storage Capacity in 2024
The U.S. Energy Information Administration said that underground natural gas storage capacity will increase in 2024 in the Lower 48 States, according to a report published late on Wednesday. The agency uses two metrics for assessing…
House committee makes changes to increase US oil and coal production on federal land
This week, a House of Representatives committee will examine sweeping changes in the nation's drilling programs for oil and gas, including the requirement of dozens of leases sales in the Gulf of Mexico, Alaska and other areas.
First Solar reduces its annual sales and profits forecast due to near-term tariff problems
First Solar lowered their annual sales and profits forecasts on Tuesday, citing near-term challenges due to the ongoing U.S. - China trade war. They also cited a tepid demand for residential solar in the United States. This sent its shares down by 11% after hours trading.
Sources say that Brazil will offer tax incentives to attract data center investment.
Four sources with knowledge of the matter said that the Brazilian Finance Minister Fernando Haddad is planning to start a trip this week to Silicon Valley with a plan designed to attract data centers into his country through…
Enphase Energy misses quarterly profit estimates, forecasts weak Q2 revenue
Enphase Energy, a solar inverter manufacturer, missed analyst expectations for the first-quarter profit due to a softening of demand in the United States. It also forecast revenue for the second-quarter below market expectations. Shares dropped 12.5% in after market trading.
US proposed looser interpretation of the law protecting threatened species
The Trump administration proposed on Wednesday a major shift in how threatened species are taken into account when agency actions are made. This was done by removing the regulatory language which aims to prevent habitat degradation.
Maxeon Solar will establish alternative supply chains in the face of tariff turmoil
Maxeon Solar Technologies, a renewable energy company, announced on Friday that it would create alternative supply and manufacturing chains in response to the tariffs levied by U.S. president Donald Trump. After the bell, shares of the company rose 4.6%.
Israeli Firm Gets Final Permit for US Wave Energy Demo
Eco Wave Power, an onshore wave energy technology company, has received a final permit for the construction and demonstration of its wave energy technology in San Pedro, California.The Revocable Permit 25-05 by the Port of Los…
Sources say that the White House is considering an executive order to speed up deep-sea mines.
Two sources who are directly involved in the White House's deliberations say that they are considering an executive order which would expedite permits for deep sea mining in international waters. This would allow mining companies to bypass a United Nations review process.
Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure in Mexico to fund its $56 billion five-year capital expenditure plan. In February, the company forecasted…
US considers cutting funding to four of seven hydrogen hubs
According to a source familiar with the issue, the U.S. Department of Energy has considered cutting funding to four of seven hubs for hydrogen that were chosen under a $7-billion federal program. The hubs are part of the effort by former President Joe Biden to decarbonize U.S.
