05 December 2024
05 December 2024
While there were some breakthroughs for the energy sector, underfinancing remains a primary concern.
The reactor will contribute to generating reliable low-carbon electricity for three million homes.
The launch is a significant step in reducing greenhouse gas emissions and promoting sustainable energy.
This decision is expected to contribute significantly to the UK's electricity generation.
The Sun Pond project will begin commercial operations by mid-2026.
The milestone aims to solidify clean energy deployment before President-elect Donald Trump takes office in January 2025.
The funding includes $165m in construction debt financing from KfW IPEX-Bank.
The initiative hybridises on-site power generation with geothermal heat from NGM's land and subsurface holdings.
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