Author: omc_admin
The Department of Energy (DOE) has shelved a Biden administration rule that mandates United States federal agencies to construct only fossil fuel-free buildings starting 2030. The agency is reviewing the Clean Energy for New Federal Buildings and Major Renovations of Federal Buildings (CER) regulations, which took effect July 2024, to ensure they align with President Donald Trump’s energy agenda, the DOE said in an online statement. The regulations, which enforce the 2007 Energy Independence and Security Act, apply to construction projects with start dates that fall 2025 or later. They require projects breaking ground in 2025-29 to be designed in…
People take photos in front of a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today.Josh Edelson | AFP | Getty ImagesNuclear developer Elementl Power said Wednesday it’s signed an agreement with Google to develop three sites for advanced reactors. It’s the latest example of tech giants teaming up with the nuclear industry in an effort to meet the vast energy needs of data centers. Google will commit early-stage development capital to the three projects, although the exact terms of the deal remain private.…
India’s overnight missile strikes on Pakistani territory have sharply escalated tensions between the two nuclear-armed neighbors, as the conflict broadens from military confrontation to strategic resource control—specifically, water and energy infrastructure.Overnight, India initiated “Operation Sindoor,” executing coordinated missile strikes on nine locations across Pakistan and Pakistan-administered Kashmir, Al-Jazeera reported. The Indian Air Force strike lasted less than half an hour, targeting what it described as “terrorist infrastructure” linked to groups such as Lashkar-e-Taiba and Jaish-e-Mohammed. Pakistan reported civilian casualties, including the deaths of at least three individuals, with a dozen others injured. In retaliation, Pakistan claimed to have shot down five…
At 10:33 GMT, Light Crude Oil Futures are trading $59.48, up $0.39 or +0.66%. Trade Talks in Focus as Market Weighs Tariffs and Central Bank Policy Markets are watching closely as U.S. and Chinese officials prepare for high-level trade talks in Switzerland this weekend. This marks a pivotal attempt to ease a trade war that has dampened global demand forecasts. Analysts from SEB and PVM noted that investor sentiment has improved on expectations that the talks could pave the way for reduced tariffs. At the same time, the Federal Reserve is expected to hold rates steady, with no major policy…
Offshore drilling contractor Valaris Limited has reported a net loss of $39 million for the first quarter of 2025, hurt by a tax expense of $194 million – compared to a net income of $131 million for the prior quarter. “First quarter 2025 included an $8 million loss on impairment related to our decision to retire semisubmersibles VALARIS DPS-3, DPS-5 and DPS-6 during the quarter”, the company said. Valaris posted total operating revenues of $621 million, with revenue efficiency of 96 percent for the quarter under review. “We continued our track record of providing safe and efficient operations for our customers,…
Generational, the UK-based innovator in electric vehicle battery health certification, today releases new data showcasing the stark differences in battery health between EVs of the same mileage – highlighting remarkable advancements in EV battery technology and the minimal relevance of mileage in the EV age. Generational’s proprietary battery testing technology revealed that in the vehicle set tested, the battery health of EVs produced in 2023 is more than 10% higher on average than those manufactured in 2016 and 2017, despite covering an equal distance over their lifetime. The results underline the urgent need for transparent, easy-to-understand information on battery health…
The US electric car manufacturer Rivian has achieved a gross profit for the second quarter in a row – which is a prerequisite for billion-euro financing from its partner Volkswagen. However, not all the figures in the quarterly balance sheet are positive, as Rivian has lowered its delivery forecast for 2025. Similarly to the fourth quarter of 2024, Rivian’s key figures in the quarterly report improved significantly. The company managed to achieve its second consecutive gross profit: after USD 170 million in the fourth quarter of 2024, this rose to USD 206 million in the first quarter of 2025. In…
OCSiAl, the world’s leading manufacturer of single wall carbon nanotubes, has been approved as an official supplier by Molicel, a global leader in high-performance lithium-ion battery cells. The two companies have formed a long-term strategic partnership focused on significantly enhancing ultra-high-power lithium-ion cells. OCSiAl supplies Molicel with nanotubes to improve both anode and cathode performance, resulting in batteries with superior efficiency, fast-charge convenience, and extended cycle life compared to existing market solutions. Last year, Molicel showcased the innovative technology and design of ultrahigh-power P50B lithium-ion battery cells, enhanced with OCSiAl’s single wall carbon nanotubes. The next-generation INR-21700-P50B power cell boasts…
Fortescue has dealt with this problem by developing motors that harvest energy during the descent, then release the charge when trains make their way back up to the mine.This regenerating battery technology is just one of the technical innovations that Fortescue has developed within impressively short timelines. It is also using ammonia-powered trains, while its latest prototype for a green electric design went from “nothing to production-ready in nine months”, says Otranto.“I think sometimes people misunderstand what we really are pulling off here, and that’s why so many people just doubt that we’re actually doing it,” says Otranto. “Well, I…
Connected Energy and Forsee Power have signed a cooperation agreement to jointly develop a modular, scalable energy storage solution. This will combine Connected Energy’s second-life technology with Forsee Power’s ZEN 35 and ZEN 42 battery packs. Connected Energy and Forsee Power have now extended their partnership that began in 2021 to develop a grid-scale energy storage system using battery packs from electric buses that have completed their first life. The second life of an automotive battery can reach up to 10 additional years. As mentioned above, this will combine Connected Energy’s second-life technology with Forsee Power’s ZEN 35 and ZEN…