Two months ago, we reported that Baiju Bhatt, one of the co-founders of the investing app Robinhood, debuted space solar power company Aetherflux. The startup plans to build a constellation of Low-Earth Orbit (LEO) satellites that will use infrared lasers to transmit power to small ground stations on Earth. The …
Read More »Scientists Design Residential Ice-Source Heat Pump Using Repurposed Gas Pipes
Researchers from the University of Nottingham in the United Kingdom have developed a residential ice-source heat pump system that uses repurposing existing gas pipelines to transport water for the ice-source heat pump’s operation. “Our heat pump demonstrates superior performance compared to all existing types, based on our claims. We have …
Read More »Belgium is Building World’s First Artificial Energy Island in the North Sea
The North Sea is famous as one of Europe’s top crude production sites, with the UK and Norway accounting for about 80% of the region’s output. Unfortunately, the North Sea has already entered a phase of terminal decline. Last year, the oil basin produced 34 m tonnes of oil, its …
Read More »North America’s Microchip Revolution Is Underway
As the U.S. strives to develop stronger regional supply chains for several key components supporting the green transition, both the U.S. and Mexico are constructing large-scale microchip manufacturing facilities. The U.S. is increasingly looking to move away from its dependence on China for critical minerals and manufactured components vital to …
Read More »Ford’s $5 Billion EV Loss Sparks Strategic Shift towards Hybrids
The trend of legacy automakers ditching their plans and investments in EVs continues, with Ford reportedly the latest to cancel plans for a large three-row electric sport-utility vehicle, according to a new report from the Wall Street Journal. The company will take $1.9 billion in related special charges and write-downs …
Read More »BP Technology could be Used on Mars or Moon after NASA Deal
BP has signed a deal with US space agency NASA which could see its technology used on Mars or the moon in future. Under the agreement, BP America and NASA will share digital technologies and technical expertise from “decades of experience operating in harsh environments”. This includes digital models and …
Read More »Spanish Researchers Develop Materials to Obtain Hydrogen from Water via Microwave Radiation
A team from the Institute of Chemical Technology (ITQ), a joint research center of the Polytechnic University of Valencia (UPV) and the Higher Council for Scientific Research (CSIC), and the UPV’s Institute of Information and Communications Technologies (ITACA) has developed the design of materials that can improve the process of …
Read More »Growth in Fusion Energy Investments Slows for a Second Year
Investments in fusion energy efforts globally increased for yet another year, but the growth was slower than in the previous two years as many companies in the industry expect funding to be a major challenge in the medium term, the Fusion Industry Association (FIA) said in its annual report. The …
Read More »High Tech Empowers Asia’s First Cylindrical FPSO Installation in China
Asia’s first cylindrical floating production, storage and offloading (FPSO) facility, the Haikui No. 1, approaches completion after the successful connection of its 12th mooring cable at the Liuhua oilfield in the Pearl River Mouth Basin in the South China Sea on Monday. The FPSO facility, a cornerstone of offshore oil …
Read More »The AI Boom has Sparked M&A Opportunities in the Clean Energy Space
Artificial intelligence is the talk of the town. Fans are promoting it as a way to achieve a swifter energy. Skeptics are pointing out its massive electricity demand. And some companies active in the wind, solar, and battery storage space are getting excited about possible deals—because these deals would save …
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