The Offshore Wind Innovation Hub in New York, led by Equinor, NYU’s Urban Future Lab, and NOWRDC, has launched its third call for applications. The program, open until March 21, 2025, offers a six-month accelerator residency to support startups in developing and commercializing offshore wind technologies.

Selected companies will receive mentorship from Equinor, industry guidance from NOWRDC, and funding support from NYSERDA, with a public pitch event determining the next cohort. The initiative aims to drive innovation in clean energy and strengthen New York’s offshore wind sector.

Photo Credit: offshorewindnyc

Avina Clean Hydrogen has reached a key milestone for its large-scale clean ammonia facility on the Texas Gulf Coast, completing the Front-End Engineering Design (FEED) and Front-End Loading (FEL-3) phases.

The project, designed to produce 800,000 metric tons per annum (MTPA) of clean ammonia, will utilize a blend of blue and electrolytic hydrogen and comply with EU renewable fuel standards. Indian conglomerate Larsen & Toubro (L&T) and U.S. contractor EXCEL led the engineering and constructability efforts, respectively, while KBR contributed the basic engineering design.

Scheduled for operations in 2028, the facility will leverage renewable power, existing pipeline infrastructure, and a long-term water supply agreement. The project is expected to create several hundred high-paying jobs while advancing sustainable energy goals.

Image source: Avina

French renewable energy producer CVE has raised €202 million to finance a 203 MW portfolio of solar projects. The funding includes €177 million in senior debt and €24.5 million in junior debt from leading financial partners.

This investment will support the construction of 27 solar power plants, totaling 177 MW, with a mix of ground-mounted (170 MW) and rooftop or shaded installations (7 MW). It also backs operational projects, including the Terres Neuves 1 plant (15 MW) and the Natal portfolio (11 MW).

The initiative reflects CVE's commitment to expanding renewable energy solutions through regulated sales and self-consumption contracts.

Photo Credit: CVE

Green Flexibility, a German battery storage specialist founded in 2023, has secured up to €400 million in equity financing from Swiss private equity firm Partners Group. Combined with additional debt capital, the funding enables a project volume exceeding €1 billion. The company aims to establish itself as a market leader by developing, constructing, and operating battery storage systems across Europe, with a current pipeline exceeding 10 gigawatts. CEO Christoph Ostermann emphasized the partnership's role in scaling the company and supporting the energy transition.

The U.S. Department of Energy announced $22.92 billion in conditional loans to energy utilities in 12 states to modernize infrastructure and reduce emissions. Funded under the Inflation Reduction Act, the program targets pipeline upgrades and renewable energy expansion.

𝗞𝗲𝘆 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀:

• DTE Energy (MI): $8.8 billion for pipeline replacements and renewables.

• Consumers Energy (MI): $5.23 billion for green projects.

• PacificCorp (Western U.S.): $3.52 billion for wind energy transmission.

These low-risk loans are backed by utility assets, ensuring taxpayer protection. The announcement comes days before a presidential transition, leaving the program's future uncertain.