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Volvo Energy invests $4.9M in Connected Energy for second-life battery business; 10% stake

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In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. —Joachim Rosenberg, President Volvo Energy.

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EIA: Proved reserves of US natural gas increased 32% during 2021

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Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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Intermountain Power Agency orders MHPS JAC Gas Turbine technology for renewable-hydrogen energy hub, operated by LA DWP

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This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow. MHPS gas turbines have more than 3.5

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Allianz to invest in Finnish green hydrogen and power-to-gas developer Ren-Gas; sector coupling

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Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in Ren-Gas Oy , a green hydrogen and power-to-gas project developer based in Finland. Allianz will provide funding of €25 million to Ren-Gas to support the company’s project portfolio towards execution.

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GM launches GM Energy business unit with Ultium Home, Ultium Commercial

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General Motors introduced Ultium Home and Ultium Commercial, which in combination with the existing Ultium Charge 360, create an ecosystem of energy management products and services that will be housed under a new business unit called GM Energy.

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Fusion Tech Finds Geothermal Energy Application

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The upper 10 kilometers of the Earth’s crust contains vast geothermal reserves , essentially awaiting human energy consumption to begin to tap into its unstinting power output —which itself yields no greenhouse gasses. Quaise Energy , based in Cambridge, Mass.,

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UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

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To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. Rendering of the SmartTouch technology now in development.

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