The U.S. Export-Import (Ex-Im) bank has given XCoal Energy & Resources, a coal-exporting firm, a $90 million loan guarantee. The decision has drawn the ire of environmentalists across the country.
In its annual progress report, the International Energy Agency (IEA) unsurprisingly called for more urgency and action from nations across the globe in the development and deployment of renewable energy and energy efficiency technologies.
On Friday, the U.S Department of Energy said it is seeking private industry partners to develop small modular nuclear reactors (SMRs).
Japan-based Mitsui & Co., Ltd (MITSY.PK), one of the largest global “sogo shoshas (general trading companies)” in the world, has bought a $12-million stake in Tres Amigas, a continental grid interconnection which eventually aims to tie together the nation’s three major electricity networks, the Western Interconnection, the Eastern Interconnection, and the Texas Interconnection. It will do this while simultaneously integrating a wide array of renewable energy sources like solar and wind.