Fri.Oct 04, 2024

article thumbnail

U.S. Bank Commits $98 Million Toward NuScale SMR Project in Romania

POWER Magazine

A U.S. bank that supports technology exports to international groups is committing $98 million toward development of a small modular reactor (SMR) project in Romania. The board of directors of […] The post U.S. Bank Commits $98 Million Toward NuScale SMR Project in Romania appeared first on POWER Magazine.

Engineer 195
article thumbnail

LG Takes Orders for UL-Certified DC Fast Charger

NGT News

LG Business Solutions USA has begun taking orders for its first Level 3 DC charger in the United States. The new fast-charger, model LG EVD175SK-PN, has been certified to UL 2594, the UL Standard for Electric Vehicle Supply Equipment. To be assembled starting in autumn 2024 at the company’s Fort Worth, Texas, EV charging production […] The post LG Takes Orders for UL-Certified DC Fast Charger appeared first on NGT News.

IT 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Artificial Intelligence Giving Nuclear Power A New Moment?

Energy Central

GAI placed five times greater demand on data servers than standard search engines according to Sarah Myers West, Managing Director of the research group, the AI Now Institute. According to an October 2023 article appearing in Scientific American, the demand for AI on servers noted that data centre electricity use to date was accounting for up to 1.5% of global demand.

article thumbnail

EVgo Gains DOE’s Conditional Commitment for $1.05 Billion Loan

NGT News

EVgo Inc. has received a conditional commitment for a loan guarantee of up to $1.05 billion of debt financing, from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under its Title 17 program to accelerate expansion of its electric vehicle fast-charging network in community locations across the U.S. The financing would accelerate EVgo’s […] The post EVgo Gains DOE’s Conditional Commitment for $1.05 Billion Loan appeared first on NGT News.

Finance 130
article thumbnail

2024, Through Blue to Green Hydrogen, Carbon Capture and Storage in the Northwest of England

Energy Central

Today’s announcement confirms up to £21.7 billion of funding available, over 25 years, to make the UK an early leader in 2 growing global sectors, CCUS and hydrogen, to be allocated between these 2 clusters. The UK’s commitment was first made in 2009, and the confirmation of funding today represents a major success story for British industry.

52
article thumbnail

Risk weighting oil in the current climate

Oilholics Synonymous Report

The last few weeks have been relentless in terms of geopolitical developments and their impact on the oil market - albeit a somewhat oversupplied one with plenty of barrels to more than meet global demand. From the lows of September last seen in December 2021, the Brent front-month contract has ended the current trading week posting its highest weekly rise in almost two years.

Oil 130
article thumbnail

Hydrogen Carbon Capture and Storage | Government reignites industrial heartlands 10 days out from the International Investment Summit

Energy Central

Government confirms funding to launch the UK's first carbon capture sites, set to bring thousands of new skilled jobs, billions in private investment and support acceleration to net zero. Prime Minister Keir Starmer said: We’re reigniting our industrial heartlands by investing in the industry of the future. For the past 14 years, business has been second-guessing a.