Energy Transition in Motion (Week of March 21, 2025)

Here is a look at some of this week’s renewable energy news, including a move by U.S. President Donald Trump to boost domestic production of critical minerals.

RWE Slashes Investment Upon Uncertainties in US Market

RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.

Thyssenkrupp Nucera CEO: Growth of Green Hydrogen Fills Demand Void

Developing green hydrogen won’t replace existing hydrogen supply but will fill the void left by growing demand and lead the way to green LNG, Thyssenkrupp Nucera US CEO Sachin Nijhawan told Hart Energy at CERAWeek by S&P Global.

Qcells, Nofar Join Forces for Texas Energy Storage Projects

The battery energy storage projects, located in Texas’ Reeves and Freestone counties, are expected to go online in 2027, Nofar USA says.

SK On to Supply Nissan Nearly 100 GWh of Batteries

SK On’s batteries will power Nissan’s next-generation EVs to be produced at its Canton, Mississippi, assembly plant.

Rocky Mountain Power Clears Torus as Commercial Battery Provider

The approval means Torus is certified to deploy up to 1.2 megawatts for grid-scale energy storage systems across the PacifiCorp service territory, Torus says.

Apollo Buys Majority Stake in OEG Energy Group

Funds managed by affiliates of Apollo Global Management Inc. are acquiring a majority stake in OEG Energy Group from Oaktree Capital Management LP.

Oil & Gas, Geothermal Technology Transfer Not a One-Way Street

Technologies commonly used in oil and gas are making it cheaper to drill deep into hot reservoirs to generate geothermal power, but the oil sector could also learn from geothermal, panelists say.

NextEra Energy Resources CEO Rebecca Kujawa to Retire

NextEra Energy CFO Brian Bolster will become CEO for NextEra Energy Resources, and NextEra Energy Treasurer Mike Dunne will become CFO, the company says.

International Battery Metals CEO Talks Direct Lithium Extraction

IBAT CEO Iris Jancik, who stepped into the role in August, shared her insight on market conditions, lessons learned and China.