Author: omc_admin

Iberdrola SA’s U.S.-based energy company, Avangrid Inc., has generated approximately 13,000 gigawatt hours (GWh) in the first six months of 2025. As a result, Iberdrola’s global energy production surpassed 66,000 GWh in the first half of 2025, a 2.3 percent increase over the previous year, with Avangrid playing a significant role in raising Iberdrola’s total generation capacity to over 57,000 MW, Avangrid said in a media release. “Avangrid is leading the way to help meet the nation’s growing demand for electricity, driven in large part by the rapid expansion of data centers”, Jose Antonio Miranda, Avangrid CEO, said. “As we…

New foaming injection molding process reduces plastic use by 900g per unit Annual cuts expected: 270 tons of plastic and 4,400 tons of CO₂ equivalents TÜV Rheinland confirms per-unit emissions now at 14.85 kg CO₂e LG Electronics is advancing its sustainability agenda with new eco-conscious manufacturing for its commercial 4-way system air conditioners. The company has introduced a novel material and production method that reduces both plastic consumption and carbon emissions, in line with its “Better Life for All” ESG vision. TÜV Rheinland, a global certification body, confirmed that the updated process has cut carbon emissions to 14.85 kilograms of…

New framework sets science-based pathways for automakers and suppliers to align with net-zero by 2050 Pilot test aims to refine the draft with real-world industry feedback before launch Companies across the automotive value chain encouraged to apply by September 12 The Science Based Targets initiative (SBTi) is calling on automakers and auto parts manufacturers to join the pilot testing of its draft Automotive Sector Net-Zero Standard—a sector-specific framework to help drive greenhouse gas reductions across the industry. Designed to align with global climate goals, the draft Standard builds on the SBTi’s Land Transport Guidance and the draft Corporate Net-Zero Standard…

The owner of a Texas facility that recycles metals extracted from oil-refinery waste filed for bankruptcy after the venture was marred by equipment failures and commodity price volatility.  Aleon Metals LLC, which is responsible for $294 million of municipal debt that financed the construction of the recycling plant and another under development, filed for Chapter 11 Sunday in US Bankruptcy Court for the Southern District of Texas.   Aleon said it secured $188 million of financing from bondholders to continue operations while it seeks a buyer during the bankruptcy proceedings. Jefferies Financial Group Inc., Aleon’s investment banker, will market the…

HVMVLV LLC, which provides fast-turnaround electrical control and distribution equipment and associated design and engineering services, is now part of Solaris Energy Infrastructure Inc. “HVMVLV is one of Solaris’ strategic partners and was acquired from existing management, who will remain with the Solaris team and provide significant technical expertise as the company advances its power-as-a-service strategy”, Solaris said in a statement online. Houston, Texas-based Solaris, formed 2014, provides equipment for distributed power generation and the management of raw materials in the completion of oil and natural gas wells. With a factory in Early, Texas, it serves the U.S. energy and data…

Policy aims to strengthen the country’s role in carbon markets and drive clean energy transition Designed to attract private sector investment in renewables and emissions-reduction projects Builds on international cooperation, including a 2024 carbon credit pact with Singapore The Philippines is preparing to introduce a Carbon Credit Policy for its energy sector, a move the Department of Energy (DOE) says will help the country access growing carbon markets while accelerating the shift to cleaner power. Undersecretary Felix William B. Fuentebella called the initiative a turning point. “This Carbon Credit Policy is a game-changer for the Philippine energy sector. It will…

Japan has pledged to buy more American energy products as part of the July trade deal with the United States, but no Japanese refinery is built to handle 100% U.S.-sourced crude, Japan’s refining industry says.In July, the U.S. completed what President Donald Trump touted on Truth Social as “a massive Deal with Japan, perhaps the largest Deal ever made.” Under the trade agreement, Japan’s goods imported in the United States will face a 15% tariff, lower than the 24% proposed in early April and the 25% tariff President Trump proposed in July with effect from August 1.The White House says the deal includes…

Marsh’s insurance solution enables Chestnut Carbon to secure a $210 million landmark financing deal. Microsoft commits to purchase 7 million tons of carbon removal credits to support its 2030 carbon-negative goal. Project to restore 60,000 acres in the Southern U.S. and plant 35 million biodiverse trees, backed by first-of-its-kind project financing in the voluntary carbon market. Marsh has placed a carbon credit insurance policy for Chestnut Carbon, a New York-based developer of nature-based carbon removal projects, helping secure a landmark $210 million non-recourse project finance facility led by J.P. Morgan. The policy, underwritten by London-based insurer CFC, protects against the…

2,743 are CNG buses — 993 under DTC and 1,750 under Cluster operators.Delhi is set to retire its entire fleet of compressed natural gas (CNG) buses by August 2031, with only electric buses being added to the city’s public transport system, the government informed Parliament on Monday, according to a report by TNN.Minister of State for Housing and Urban Affairs, Tokhan Sahu, citing details shared by the Delhi government, told the Rajya Sabha that the transition plan covers both Delhi Transport Corporation (DTC) and Cluster buses.Delhi currently operates 5,691 buses, including electric ones. Of these, 3,203 are run by the…

First-ever U.S. utility purchase of power from a next-generation nuclear reactor Hermes 2 Plant will deliver 50 MW of clean energy to TVA’s grid starting in 2030 Project expected to strengthen Oak Ridge’s nuclear legacy and create high-paying jobs In a landmark move for U.S. energy, Google has partnered with Kairos Power and the Tennessee Valley Authority (TVA) to advance the first deployment of Kairos Power’s advanced nuclear reactor — the Hermes 2 Plant in Oak Ridge, Tennessee. The power purchase agreement marks the first time a U.S. utility will buy electricity from a Generation IV nuclear reactor, delivering 50…