General Electric to split into three public companies
General Electric announced Tuesday that it will spin off its health care business in early 2023 and its energy segment including renewable energy, power and digital operations in early 2024.
Energy & Environment
Articles
Indiana goes on offense to capture evolution of electric-vehicle industry
Using tax incentives , an EV commission and membership in a regional network promoting EV infrastructure, the Holcomb administration is looking to increase EV manufacturing statewide.
Indianapolis investing group bets big on renewable energy
A blank-check company, or SPAC, plans to close early next year on a merger with California-based Energy Vault that will take the company public and give it a cash infusion of $388 million.
Biden’s climate plan aims to reduce methane emissions
President Joe Biden pledged during the summit to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030.
City planning $10.1M initiative in Mars Hill to remove 650 parcels from flood zone
Indianapolis’ Department of Public Works is proposing a list of strategies to shrink federal floodplain boundaries, as well as to decrease the severity of water damage in the flood-prone neighborhood.
U.S. regulators endorse efforts to address climate risks
The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat.
EPA unveils strategy to regulate toxic ‘forever chemicals’
PFAS, called “forever chemicals” because they last so long in the environment, have been associated with serious health conditions, including cancer and reduced birth weight.
Prominent Indiana environmentalist leaving leadership post
Jesse Kharbanda said he plans to keep working to increase environmental awareness, especially regarding the extinction of animal species and the spread of factory farming.
Work starting on 13,000-acre solar farm in two Indiana counties
The $1.5 billion solar farm’s first phase is expected become operational by mid-2023 and will produce 400 megawatts of electricity, enough to power 75,000 households, according to the company.
Citizens projects ‘small increase’ in winter heatings bills; CenterPoint sees much bigger hike
Citizens Energy Group said it would use various measure to keep prices down even though the market price for natural gas is about double the level of last fall.
Heating bills set to soar as inflation hits energy prices
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
Stellantis to spend nearly $230M to build electric car transmissions in Kokomo
The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
Stocks fall on tech slide, as oil hits highest level since 2014
Investors are increasingly worried about inflation as oil prices rise and companies continue facing supply problems that increase their costs and force them to raise prices.
Holcomb joins 4 governors to create regional charging network for electric vehicles
Gov. Eric Holcomb joined the governors of Illinois, Michigan, Minnesota and Wisconsin to sign a compact that focuses on making it easier for drivers to find charging stations for their electric vehicles along key corridors in the five-state region.
City to spend $25M on trail, greenway and road projects
The nine planned projects stretch across the city. Each connects to existing and planned trails, bike-friendly streets, bus rapid transit lines and city landmarks.
Green energy takes hold in unlikely places with Ford project
When Ford revealed plans to spend more than $11 billion on the fledgling electric vehicle sector, the automaker chose two states where Republican leaders have criticized the push for green energy and defended fossil fuels.
EPA rule sharply limits hydrofluorocarbons, gases used as refrigerants
The HFC provision in the new law was supported by an unusual coalition that included major environmental and business groups, including the National Association of Manufacturers, American Chemistry Council and the Air-Conditioning, Heating and Refrigeration Institute.
Reusable packaging set to go mainstream at major grocers, restaurants
Loop, a two-year-old company that collects and sanitizes reusable containers, is partnering with Kroger, Walgreens, McDonald’s, Burger King and Tim Hortons.
Laikin’s Indy-based Novus Capital II to combine with California energy-storage firm
The arrangement values Energy Vault at $1.6 billion, a huge sum for a private company that is a relative newcomer in the burgeoning field of renewable energy.
Report: Solar could power 40% of U.S. electricity by 2035
Doing so would require massive changes in U.S. policy and billions of dollars in federal investment to modernize the nation’s electric grid, a new federal report says.