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Energy Transition in Motion (Week of July 11, 2025)

Here is a look at some of this week’s renewable energy news, including a new membrane technology to extract lithium from water.

HSBC Joins US Banks in Quitting Climate Coalition

Britain's HSBC became the latest bank to leave the industry's climate coalition on July 11, following in the footsteps of major U.S. lenders as some governments' net zero ambitions cool.

GM Joins Exxon, Chevron in Smackover Lithium Hunt

General Motors startup EnergyX purchased 35,000 acres in the Smackover Formation, where Exxon Mobil and Chevron have received made acquisitions.

Lydian Closes BESS Project Financing for $233MM

Lydian Energy secured $233 million in project financing from ING and KeyBank to advance battery energy storage system projects in Texas’ ERCOT market.

FrontierGen Announces South Texas Campuses for Hyperscalers

FrontierGen has plans to develop “powered land” for tech company development.

Mitsubishi Power Americas CEO Talks Power, Hydrogen

As electricity demand climbs in the U.S. and abroad, the company is advancing hydrogen blending efforts to lower emissions while working to meet rising gas turbine needs.

Fermi in Talks to Build Nuclear Plants in Texas for Hyperscalers

Fermi, co-founded by a former U.S. Energy Secretary Rick Perry, is looking to build four nuclear plants that would supply power to hyperscalers.

Primary Hydrogen Starts Hydrogen Field Sampling Program in Canada

The program is part of the company’s multiple-phase exploration efforts across about 8,550 hectares (21,128 acres) to identify potential accumulations of natural hydrogen.

US Energy Imports Fall to Lowest Level in 40 Years—EIA

Energy imports contributed to 17% of the U.S. energy supply in 2024, the lowest share since 1985, according to the U.S. Energy Information Administration.

Colorado Awards Teverra State Grant for Geothermal District

Teverra said the $200,000 grant is anticipated to support the development of a geothermal district heat network in Rico, Colorado.