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In 2022, Hyundai announced it was investing $ 5.5 billion to build a “Metaplant” manufacturing electric vehicles and batteries in Bryan County, Georgia. It promised more than 3,500 good-paying jobs first building the massive manufacturing facility, then making electric vehicles that cut consumer bills by providing cheaper transportation choices. “This is the largest..
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Global mining giant Rio Tinto said it will invest $ 1.2 billion to modernize a hydroelectric power plant in Quebec, Canada. The company on May 15 said the project is part of its bid to secure future aluminum production in the Canadian province. The money will pay for upgrades to the Isle-Maligne hydropower plant, which was commissioned in 1926 in Alma, Quebec.
The post Rio Tinto Investing $ 1.2 Billion to Modernize Quebec Hydropower Plant appeared first on POWER Magazine.
State-owned Coal India Limited (CIL) has announced plans to invest about $ 3 billion to build as much as 4.5 GW of renewable energy generation capacity. The memorandum of understanding, signed May 7 with major ammonia producer AM Green, is expected to significantly increase India’s green hydrogen and ammonia production capabilities.
The post India Coal Giant Will Invest $ 3 Billion for Renewables, and Build 1.6-GW Coal-Fired Plant appeared first on POWER Magazine.
The U.S. Dept. of Energy (DOE) has continued to announce billions of dollars of loan guarantees to energy companies in the final days of the Biden administration, including for upgrades […]
The post Plug Power Gets $ 1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel appeared first on POWER Magazine.
The Biden administration has finalized a $ 15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of […]
The post Biden’s DOE Finalizes $ 15 Billion Loan Guarantee to California’s PG&E appeared first on POWER Magazine.
Saudi Arabia energy major ACWA Power announced it is developing more than 1 GW of renewable energy projects in China. The company in reports published Dec. 31 said the portfolio […]
The post Saudi Group Announces 1 GW of Renewables as Part of $ 50 Billion China Investment appeared first on POWER Magazine.
