Ørsted, a prominent US clean energy developer, has secured up to USD 100 million in federal funding from the DOE for its Power-to-X initiative, Star e-Methanol, in Texas. The project, among 33 selected nationwide, aims at commercial-scale decarbonization for energy-intensive industries. Star e-Methanol targets an annual production of 300,000 metric tons, serving marine shipping and aviation fuel sectors, reducing CO2 emissions by over 90%. It integrates wind and solar power for hydrogen electrolysis, captures biogenic carbon, and synthesizes e-methanol. The project anticipates generating 300 construction jobs and 50 permanent positions, with a focus on Houston, where Ørsted established a new office in 2024.
Ørsted secures USD 100M Federal funding deal
Star e-Methanol facility aims to create sustainable fuel for shipping and aviation. (Image Credit: Ørsted).
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)