** Stellantis plans to cut a shift at its Toledo Assembly Complex in Ohio, meaning indefinite layoffs of about 1,100 union-represented workers. The automaker, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands, announced the job cuts Wednesday, which will be effective Jan. 5. ** Georgia-based Freyr Battery will pay $340 million for a Wilmer, Texas …
Category: Wind Energy
Energy and election outcomes
Tuesday’s elections weren’t just about “energy” in Oklahoma, for example with the election of Brian Bingman as the newest Corporation Commissioner. The decisive re-election of former President Donald Trump will have an impact on Oklahomans and others,especially in the form of his “drill baby drill” oil and gas theme. The industry obviously has …
Energy briefs
** Diamondback Energy Inc., the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again. The company is planning to hold its own output growth to 2% next year and said it can be flexible with spending if the oil market …
Tribe fights proposed wind farm in Oklahoma’s McIntosh County
Construction isn’t expected for a few more years, but the Muscogee (Creek) Nation is fighting a planned wind farm by a Canadian firm in eastern Oklahoma near Eufaula. The wind farm consisting of 100 wind turbines will be built by TransAlta Corps., a Canadian firm already operating a wind farm in western Oklahoma. The …
Energy briefs
** Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday, according to Reuters. ** Factory workers at Boeing voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for …
Energy briefs
** AT&T said it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. ** Boeing reportedly dismantled its global diversity, equity and inclusion (DEI) department as part of an overhaul of its operations ordered by the company’s …
Sunzia transmission line close to supply power from New Mexico
After nearly 20 years in the planning, the $11 billion SunZia transmission line meant to carry wind and solar power from New Mexico through Arizona and to California is close at hand. Transmission towers are still being constructed. But it doesn’t mean the large project is not facing opposition. Click here for WBUR
Energy briefs
** Ford plans to idle a Detroit-area electric truck plant for weeks as it contends with softer-than-expected EV sales. ** Occidental Petroleum nears completion of a direct-air carbon capture facility in Texas that would be the first large-scale facility to remove carbon dioxide directly from the air; the company plans to build dozens more. ** The U.S. Department …
Enel Green Power applauds SPP’s $8 billion transmission line improvements
This week’s decision by the Southwest Power Pool to approve nearly $8 billion in transmission line projects has the support of renewable energy Enel Green. Stephen Pike, head of Enel Green Power North America, one of the largest wind operators in the 14-state grid, including Oklahoma, that makes up the SPP, applauded the …
Renewable energy earnings plunged for ALLETE Inc.—wind out of its sails
The third quarter for ALLETE, Inc., the renewable energy operator, wasn’t exactly what leadership wanted. It’s as though the wind was taken out of the sails of its wind farm earnings, including those in Oklahoma. Its earnings totaled $.78 cents on net income of $45 million, a significant drop from the $1.49 a share …