Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Rise of the Zombie Bugs takes readers on a jaw-dropping tour of the parasite world 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Parasites are ecological dark matter – and they need protecting 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate 
The UK is surprisingly short of water – but more reservoirs aren’t the answer 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Drug pollution in water is making salmon take more risks – new research 
Samsung C&T Renewables has entered a groundbreaking alliance with Sunraycer Renewables, targeting a 3GW solar and energy storage system (ESS) endeavor in Texas. While exact financial terms remain private, the initiative anticipates powering approximately 600,000 US households annually.
The agreement encompasses the development and sale of a consortium of 15 projects spread across various stages of progress throughout the expansive Texan landscape. Leveraging its expertise, Samsung C&T, the renewable energy arm of Samsung C&T Corp. in the US, will facilitate assessments and acquire permits required for the solar plant construction.
Sunraycer, a prominent US-based renewable energy firm specializing in asset acquisition and joint development, embraces the opportunity to spearhead these revolutionary projects. Six of the 15 initiatives are solar-based, boasting an impressive combined capacity of approximately 1 GW. In contrast, the remaining nine projects will focus on dynamic energy storage systems (ESS), reaching a staggering capacity of around 2GW.
Spanning an impressive area of 6,100 acres or nearly 25 square kilometers, the 3GW undertaking possesses the remarkable potential to power approximately 600,000 US households annually. Samsung C&T, the construction subsidiary of the Samsung Group, pledges a range of comprehensive development-linked services, encompassing thorough evaluations and necessary licensing acquisitions.
While the exact financial terms remain undisclosed, both Samsung C&T Renewables and Sunraycer are eager to promptly commence project development with the goal of initiating commercial operations between 2025 and 2026.
This partnership fortifies Samsung C&T's position in the American renewable energy market, serving as a solid foundation for further expansion. The company's wide-ranging energy portfolio, from solar photovoltaics to ESS, stands at an impressive 16.2GW, with 14.9GW in the US and 1.3GW in Australia.
Samsung C&T plans to bolster its solar farms and ESSs in the United States and Australia to a staggering 25GW by 2025.
Photo: BoliviaInteligente/Unsplash
