June 2024

Catch up with 6 stories BIC subscribers clicked on the most this month!

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Next nuclear power plant in U.S. begins construction

Bechtel celebrates the official groundbreaking of the Natrium Demonstration Project.

Bechtel is TerraPower's engineering, procurement, and construction partner on this first-of-a-kind project in Kemmerer, Wyoming. The project is part of the U.S. Department of Energy's Advanced Reactor Demonstration Program.

First significant U.S refinery in 50 years to be built in Texas

Element Fuels Holdings, LLC, a company founded to develop and operate scalable, next-generation clean fuels production, has completed site preparation and pre-construction on a new hydrogen-powered refinery and combined-cycle power plant within the Port of Brownsville, Texas.

More than 800 coal plants could potentially make a profitable switch to solar

New modeling from the Institute for Energy Economics and Financial Analysis (IEEFA) finds that it is economically viable to use large-scale investment in renewables coupled with restructured power purchase agreements to replace these coal assets through transactions that cover all costs associated with their transition to renewables.

ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction

ConocoPhillips and Marathon Oil Corporation announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.

VIDEO: Vertex Energy's strategic pivot from renewables to conventional fuels

Vertex discuss's the company's transition from producing renewable diesel back to conventional carbon fuels due to market conditions and EPA regulations affecting renewable volume obligations. 

Entergy Texas proposes new power plants to support rapid growth

Southeast Texas is experiencing extraordinary economic and population growth, leading to a significant rise in electricity demand and the urgent need for Entergy Texas to add 40% more generation capacity to its power grid in four years.

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