The 742-MW Net Zero Teesside Power project in northeast England could become one of the world’s first commercial-scale gas-fired power plants with carbon capture and storage.
The estimated $70M long-duration battery system, largest at a US Defense Dept. site, will provide backup power at the energy-intensive U.S. Marine Corps base, with 70,000 military and civilian personnel on a 125,000-acre site.
US contractor McDermott International Ltd. has been awarded a front-end engineering contract by a unit of Spain-based energy company Repsol to develop the Polok and Chinwol oil fields in the Gulf of Mexico.
A large renewable energy project cancellation in New York and the threat of Trump administration growth curbs are raising market jitters, but more federal project approvals are pushing forward.
Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.
While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.