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U.S. Crude Oil Export Surged to New Record in 2023

R-Squared Energy

exported a record amount of crude oil in 2023. refiners had a significant demand for crude oil, but they had spent decades investing billions of dollars into processing heavy, sour crude oil. Crude Oil Exports 1920-2023. oil exports in 2023, followed by China and South Korea. exports to Europe in 2023.

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Quebec invests $22.5 million in battery recycling firm Lithion

Charged

Some will be invested in a battery dismantling and reprocessing plant the company expects to open in 2023, and some will finance engineering studies for the construction of a hydrometallurgical plant that’s scheduled to open in 2025. It will use the funding to develop its facilities in Quebec. Source: Lithion.

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Smart Energy Finances: Shell’s EV network acquisition and energy investment megatrends

Smart Energy International

This M&A announcement came in as Investcorp, partnering with IMB Business School, announced the results of its latest survey concerning top investment trends. The survey found the energy sector to be a dominant area for investment, specifically energy security, renewables and EVS/batteries. Shell USA Inc.

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Smart Energy Finances: SparkMeter funding, Elia in the US and AI assisting investments

Smart Energy International

This week we look at a $5 million investment into SparkMeter, which provides grid management solutions tailored to emerging markets, an acquisition from Elia Group signalling their entry into the US and insights into how AI can assist with clean tech investments in a constantly changing market environment.

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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

According to the research, Europe is leading the charge in the development of clean hydrogen, with Germany home to 25 of the total already operational projects (equal to 27%); the U.S. billion on hydrogen-related companies across 37 deals, while venture firms invested $2.6 Meanwhile, the UK launched its hydrogen strategy in 2021.

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Vestas Ventures Makes First Investment With Wooden Tower Stake

GreenTechMedia

Wind turbine market leader Vestas has revealed the first investment made by its venture fund with a stake in Swedish wooden wind tower start-up Modvion. No details on the size of the deal have been released but Vestas previously told Greentech Media that Vestas Ventures would look to invest €1 million to €6 million ($1.2

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Hitachi Energy ramps up global transformer capacity with over $1.5bn

Smart Energy International

Hitachi Energy has revealed investments of over $1.5 The investments will gradually expand the company’s global transformer capacity by 2027 and will be spread across their operations in Europe, the Americas and Asia. The company’s transformer investments also aim to support their aim to become carbon-neutral by 2030.