Electrified Materials Corp. will use the $911,519 matching grant from the Indiana Department of Environmental Management's waste diversion project toward equipment for recycling rare earth magnets and battery materials, the company said.... Read More
Terre Haute-based Hallador Energy Co. said in its most recent earnings report that it is making "meaningful progress" toward reaching an agreement for a new data center in Indiana.... Read More
Donald Trump's EPA cuts are affecting Evansville as the city is currently unable to access $20 million in funding awarded by the Biden Administration that would have funded a variety of public transit improvements.... Read More
Newburgh-based Energy Systems Group on Monday announced Jeff Blum as its new CEO. Blum most recently served as a senior vice president with elevator and escalator company Kone.... Read More
Indianapolis-based Wabash Valley Power Alliance and Bloomington-based Hoosier Energy did not disclose their financial investment in the acquisition.... Read More
A bill to give utility companies tax breaks and cost-recovery mechanisms if they pursue small modular nuclear reactor projects appears poised to become law after passing out of a House committee this week. ... Read More
In a statement titled “Reset BP,” the company—which operates a large oil refinery in Whiting—said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. ... Read More
Potential rollbacks of Biden-era policies that incentivized EV production and ownership have stirred apprehension among some local economic development officials across the state, but Kokomo Mayor Tyler Moore said he isn’t among those losing sleep just yet.... Read More
Donald Trump has frozen billions of dollars in Energy Department loans for clean energy projects. But on Feb. 7, he quietly blessed one deal cut during Joe Biden’s presidency: a $782 million loan guarantee to a company expanding a biofuels plant in Montana.... Read More
Indiana’s Senate on Tuesday approved a trio of education measures – on supplemental teacher pay, sexual education materials and chaplain-counselors – largely along party lines. Then, the chamber nearly split on bulked-up carbon storage regulations.... Read More
The Indiana Utility Regulatory Commission, or IURC, gave approval for an increase of $395.7 million a year for rates and charges, down from the $491.5 million hike requested by Duke—a decrease of 19.5%.... Read More
Indiana Michigan Power is applying for a $50 million federal grant to explore building a small modular nuclear reactor in Rockport. I&M says the project could cost $3 billion and would be a a decade away, but the grant gets the ball rolling.... Read More
Indiana lawmakers are considering major tax credits for the new technology of small nuclear reactors. Proponents say the state needs to upgrade its energy portfolio. Consumer advocate say too much of the cost and risk will be on ratepayers.... Read More
Columbus, Ohio-based American Electric Power said this week it plans to end its hybrid work model and order some employees to return to the office five days a week. A spokesperson for the utility company told Inside INdiana Business that about 300 Indiana employees will be affected by the move. In an email to IIB, […]... Read More
Indianapolis-based Calumet Inc. has closed on a $1.44 billion loan from the U.S. Department of Energy for a major project in Montana. The company said the loan will support the construction and expansion of a renewable fuels facility.... Read More
The proposed agreement would see global investment firm KKR and Canada-based Public Sector Pension Investment Board, or PSP Investments, acquire a 19.9% equity interest in Fort Wayne-based Indiana Michigan Power and AEP Ohio.... Read More
A quietly-released study showed that small nuclear reactors could present “substantial opportunities” for Indiana to meet its energy demands, and identified eight current or former coal sites across the state that could serve as coal-to-nuclear opportunities.... Read More
The county is launching a public awareness campaign called Stop the Spark to educate residents on the best practices of battery safety. The goal of the three-year effort is to reduce fire incidents caused by lithium-ion batteries.... Read More
Grassroots coalition Solar Opportunities Indiana has received $117.4 million from the Environmental Protection Agency to expand clean energy access among low-income Hoosiers, with a goal of reducing participants’ utility bills by 20%.... Read More
Knox-based Hoosier Solar announced this week it has secured permits for two planned solar projects in Starke County. The company said when complete, the solar farms will provide enough energy to power more than 53,000 homes.... Read More
