Bright Horizons: 5 Recent Advances in Solar Power Technologies

Solar power new advancements for energy.

In the pursuit of sustainable energy sources, solar power stands out, harnessing the abundant and clean energy radiating from the sun. Recent developments in solar technology have sparked renewed excitement and optimism in the quest for a greener future. Let’s explore some of the groundbreaking advancements driving this solar revolution. 1.Next-Generation Photovoltaics Traditional silicon-based solar…

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Earnings for Big Oil Backpedal as Natural Gas Prices Tumble

Natural gas earnings are down in the first quarter of 2024.

U.S. and European oil companies reported natural gas was weaker first-quarter results due to a significant price drop. This decline follows record profits in 2022 driven by post-pandemic demand and price spikes after Russia invades Ukraine. In the U.S., Exxon Mobil missed earnings targets, while Chevron exceeded expectations with strong U.S. oil production. French oil…

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United Kingdom Energy Company Taps Niche in Offshore Wind

Floating wind turbines in the ocean.

British renewable energy supplier Octopus Energy is eyeing a new and relatively untapped slice of the U.S. offshore energy wind market, with the company set to invest in a California-based startup focused on floating wind turbines. Octopus will be investing between $10 million and $30 million in Ocergy, a producer of offshore energy wind-turbine foundations, as it…

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Top 17 Energy Unicorns in 2024

energy unicorn companies private equity venture capital

The Energy industry is filled with a plethora of successful companies. These successful energy companies have raised millions of dollars in VC funding. With that funding coming from some of the top investors in the world. Many of these energy company successes have turned into energy unicorns — and private companies worth over $1 billion.…

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Proposed merger of New Mexico, Connecticut energy companies ends; deal valued at more than $4.3B

energy company fails to complete merger of resource companies in new mexico

Officials with New Mexico’s largest electric utility said Tuesday that a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled. Under the proposal, Connecticut-based Avangrid would have acquired PNM Resources and its two utilities. The two utility companies are Public Service Co. of New Mexico and Texas New Mexico Power. The…

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