Author: omc_admin

Microsoft signs a long-term agreement with Clearway for 335 MW of wind energy from the Mount Storm project in West Virginia. The $735M repowering will cut turbines by 40% while boosting efficiency and extending the project’s lifespan by 35 years. Clean energy will help Microsoft meet its 100/100/0 goal—matching all electricity use with zero-carbon sources by 2030. Microsoft has inked a long-term power purchase agreement (PPA) with Clearway Energy Group for 335 megawatts (MW) of wind energy from the repowered Mount Storm wind farm in Grant County, West Virginia. The deal supports Microsoft’s “100/100/0” clean energy ambition—matching 100% of its…

President Donald Trump’s executive order to access critical deep-seabed minerals is raising concerns among the international authorities with jurisdiction over resources in international waters.Last week, President Trump issued an executive order to “unleash America’s offshore critical minerals and resources.” The executive order prioritizes U.S. leadership in seabed mapping and mineral exploration with the aim of ensuring reliable access to critical minerals like manganese, nickel, cobalt, and rare earth elements.Days after the executive order, The Metals Company (TMC) USA submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep…

In the days after gunmen killed at least 26 people in the picturesque tourist resort of Pahalgam in India-administered Kashmir last week, India and Pakistan announced a string of diplomatic moves against each other, including shutting down cross-border trade and suspending visas. New Delhi accused Islamabad of involvement in the April 22 attack, suspended India’s participation in an Indus River water-sharing agreement that ensures Pakistan’s water supply and trimmed down diplomatic missions. Islamabad has denied India’s accusations, called for a neutral investigation into the attack and announced it would suspend all trade with India, including through third countries, among other…

OKLAHOMA CITY (AP) — A steady line of slow-moving thunderstorms that battered Oklahoma in recent weeks set multiple rainfall records across the state and helped ease drought conditions.But the saturated ground and torrential rains also came with a heavy price, including the deaths of multiple people who became trapped in their vehicles in rising floodwaters.On Thursday, a road washed away in a rural community south of Oklahoma City, stranding about 10 families whose only way out of their homes is a mile-and-a-half walk around a washed-out pond that broke through a retaining wall.“I’ve never wanted a Sonic cheeseburger so bad…

Panasonic has told its installation partners that it will no longer produce products for the residential solar and storage markets, but will continue to offer warranty and installation support for existing and ongoing projects. Panasonic told its North American installation partners in an April 28 letter that it will discontinue its solar and battery storage business. The letter, signed by Naoki Kamo, president of Panasonic Eco Systems North America, was shared in full by an installer on Reddit and partially published on the company’s website. “This was a strategic decision – not a reflection of the technology’s performance or the…

The three Korean battery companies, mired in losses due to the electric vehicle chasm (temporary demand stagnation), are accelerating their energy storage system (ESS) business this year to find a breakthrough. As the Donald Trump administration strongly checks Chinese batteries using tariffs as a weapon, they are strategizing to reclaim market leadership from Chinese companies. Korean companies are expanding ESS production lines in the United States and focusing on cost reduction to minimize the impact of U.S. tariffs. Among the three battery companies — LG Energy Solution, Samsung SDI, and SK On — which announced their Q1 results by April…

  Officials in Los Angeles say cargo vessels arriving at the port on the US west coast will plunge by more than a third next week. Gene Seroka, the port’s executive director, said the port expects a 35% drop in cargo from Asia next week. “It’s a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs,” Seroka said in an interview on CNBC.   ALSO SEE: Thai Central Bank Cuts Rate on Tariff Woes, Moody’s Downgrade   Major American retailers have now stopped all shipments from China and that contributes…

Conversations around AI in the supply chain have shifted in the last couple of years. When generative AI first emerged, people often framed it in terms of its potential. Recently, though, a range of applications in predictive analytics, autonomous routing, and real-time optimization have moved from theory to reality.  What’s RelatedStill, logistics pros sometimes struggle to implement AI for several reasons, not least of which is that successful implementations require serious groundwork. While the outcomes from AI projects vary radically from company to company, they all need to start with the same foundation: transforming how your organization structures its data, teams,…

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark.Russia now sees its oil and gas revenues at about $101.7 billion (8.32 trillion Russian rubles) for 2025, according to the finance ministry’s latest update. That’s lower than the $133.7 billion (10.9 trillion rubles) expected earlier.Oil and gas income – a key pillar of Russia’s budget revenues – is now expected to account for 3.7% of gross domestic product (GDP),…

Tesla ‘s board reportedly opened a search last month for a CEO to replace Elon Musk, raising the question of what the company’s future would look like after Musk’s long tenure at the helm. Tesla has denied the Wall Street Journal report , but the story highlights how “perhaps no other company has as large a key man risk,” UBS analysts led by Joseph Spak told clients in a note Wednesday. Tesla is at a critical juncture right now, Spak wrote. The core business is still focused on cars, but “the bull case narrative is that Tesla is an AI…