Intersect Power to build $837M worth of grid batteries in Texas

Published on July 17, 2024

Intersect Power CEO Sheldon Kimber has a vision: A world where energy-hungry industrial facilities can connect directly to massive solar and battery projects , skipping the interminable line to plug into the U.S. power grid. But for now, his clean energy development firm is focused on more conventional projects.…

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World Bank investigated by internal watchdog for indirectly funding Indonesia coal projects

July 17, 2024
The internal inquiry by the bank's ombudsmen will address complaints that its private lending arm, International Finance Corporation, is indirectly supporting the Surabaya coal complex. IFC denies any non-compliance with existing policies.

Can carbon capture be a meaningful climate solution?

July 17, 2024
More than 200 kilometers off Norway’s coast in the North Sea sits the world’s first offshore carbon-capture-and-storage project. Built in 1996, the Sleipner project strips carbon dioxide from natural gas — largely made up of methane — to make it marketable. But instead of releasing the CO2 into the atmosphere, the greenhouse gas is buried.The effort stores around 1 million metric tons of CO2 per y