logo
US' 1.3GW solar farm to power 200,000 homes, boost clean energy capacity by 20%

US' 1.3GW solar farm to power 200,000 homes, boost clean energy capacity by 20%

Yahoo18-05-2025
A 1.3 gigawatt (GW) solar farm in northern Indiana is all set to become one of USA's largest solar power projects following an agreement between Philadelphia-based renewable energy operator Doral Renewables and Virginia-headquartered engineering firm Bechtel.
Construction on Indiana's Mammoth Solar project ramped up this month after Doral Renewables issued a Full Notice to Proceed (FNTP) to Bechtel in a bid to boost total solar capacity in Indiana by more than 20%. Bechtel will design, engineer, and build Mammoth South, Mammoth Central I, and Mammoth Central II—three segments that together will deliver 900 megawatts AC of clean energy capacity, enough to power 200,000 homes.
Bechtel is set to install approximately two million solar panels over the next two years—around half of which will be manufactured in the US. The company is overseeing all engineering, procurement, and construction activities. According to a media statement released by the firm, it will use its award-winning digital delivery methods and autonomous technologies to speed up construction and improve project outcomes.
"A project of this scale depends on strong collaboration with local building trades to ensure access to the skilled workforce needed. We're working closely with craft professionals, creating high-quality jobs, and being a reliable partner to the community as we help deliver Mammoth Solar and increase the supply of clean, reliable solar power," said Scott Austin, Bechtel's general manager of renewables & clean power.
More than 1,200 jobs are expected to be created at the height of the Mammoth Solar project, with at least 15% dedicated to apprenticeships.
When completed in 2027, Doral Renewables plans to implement agrivoltaics initiatives across the entire site, integrating livestock grazing and crop cultivation alongside the solar panels. This dual-use approach allows local farmers and landowners to continue their agricultural activities while benefiting from renewable energy production.
"We remain deeply committed to the highest standards of safety, quality, and environmental stewardship throughout this phase. We are equally focused on fostering strong community relationships, ensuring meaningful local participation from the workforce and vendors, and supporting the county through direct, indirect, and induced economic benefits," noted Amit Nadkarni, senior vice president of project & asset management at Doral Renewables.
One of Bechtel's massive past projects was the Ivanpah solar power plant, a concentrated solar power facility located in California's Mojave Desert. The plant uses rows of parabolic mirrors called heliostats to focus sunlight onto receivers atop three towers.
Comprising three CSP plants side by side, Ivanpah was the largest facility of its kind in the world at the time. It features 173,500 heliostats, each equipped with two parabolic mirrors that reflect sunlight onto the solar towers. Developed by BrightSource Energy in partnership with Bechtel, the project cost $2.2 billion to complete.
This year, power plant operator and co-owner NRG Energy Inc. announced plans to shut down part of the Ivanpah plant, just over 11 years after it began operations.
Originally, the utility was contracted to purchase power from two units through 2039. However, following a 2021 directive from the California Public Utilities Commission to review energy sources, the utility identified the Ivanpah agreements as a chance to reduce costs, leading plant owners to offer early termination.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HIMS: Hims & Hers Shares Sink After FTC Probe Details Emerge
HIMS: Hims & Hers Shares Sink After FTC Probe Details Emerge

Yahoo

time4 minutes ago

  • Yahoo

HIMS: Hims & Hers Shares Sink After FTC Probe Details Emerge

Aug 15 - Hims & Hers Health (NYSE:HIMS) slipped about 3% in early trading on Friday after Bloomberg published fresh details about a Federal Trade Commission probe into the company's business practices. The report says the FTC opened an inquiry following consumer complaints that Hims & Hers makes it hard for customers to cancel subscriptions and questions the company's advertising practices. Warning! GuruFocus has detected 4 Warning Sign with HIMS. Hims & Hers first told investors about a regulatory review in July 2024, but Bloomberg's report adds new color on what regulators are investigating. According to people familiar with the matter, the agency looks at cancellation flows, disclosure language, and whether marketing crosses legal lines. The company hasn't released a new statement tied to the Bloomberg story. For investors, the short-term hit reflects the subscription model's vulnerability: when regulators probe cancellation or billing, churn can rise and trust can fall. Analysts will watch complaint volumes, any formal FTC subpoenas, and whether the firm needs to change its renewal mechanics or face penalties. Until that clarity arrives, expect volatility around HIMS shares as traders price regulatory risk into the stock. Based on the one year price targets offered by 13 analysts, the average target price for Hims & Hers Health Inc is $51.22 with a high estimate of $85.00 and a low estimate of $28.00. The average target implies a upside of +8.67% from the current price of $47.13. Based on GuruFocus estimates, the estimated GF Value for Hims & Hers Health Inc in one year is $36.25, suggesting a downside of -23.09% from the current price of $47.13. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Blade Air Mobility And 2 Other Promising Penny Stocks To Watch
Blade Air Mobility And 2 Other Promising Penny Stocks To Watch

Yahoo

time4 minutes ago

  • Yahoo

Blade Air Mobility And 2 Other Promising Penny Stocks To Watch

As the U.S. stock market experiences fluctuations, with recent inflation data affecting rate-cut expectations and major indices like the S&P 500 reaching new highs, investors are exploring diverse opportunities. Penny stocks, often representing smaller or newer companies, continue to attract attention due to their potential for value and growth despite their vintage moniker. In this article, we explore three penny stocks that stand out for their financial resilience and potential long-term promise in today's market landscape. Top 10 Penny Stocks In The United States Name Share Price Market Cap Financial Health Rating ATRenew (RERE) $4.24 $1.01B ★★★★★★ Waterdrop (WDH) $1.80 $661.84M ★★★★★★ WM Technology (MAPS) $1.25 $216.34M ★★★★★★ Performance Shipping (PSHG) $1.87 $23.62M ★★★★★★ Tuniu (TOUR) $0.9326 $96.78M ★★★★★★ BAB (BABB) $0.94 $6.75M ★★★★★★ Lifetime Brands (LCUT) $3.90 $89.5M ★★★★★☆ Marine Petroleum Trust (MARP.S) $4.28 $8.62M ★★★★★☆ Resources Connection (RGP) $4.72 $164.37M ★★★★★★ TETRA Technologies (TTI) $3.96 $522.46M ★★★★★★ Click here to see the full list of 395 stocks from our US Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Blade Air Mobility Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Blade Air Mobility, Inc. offers air transportation and logistics services for hospitals both in the United States and internationally, with a market cap of approximately $358.64 million. Operations: The company's revenue is divided into two main segments: Medical services, generating $153.51 million, and Passenger services, contributing $100.84 million. Market Cap: $358.64M Blade Air Mobility, Inc. has been navigating a challenging landscape as an unprofitable company with increasing losses over the past five years. However, it remains debt-free and possesses a substantial cash runway exceeding three years, which could provide stability amid its financial struggles. Recent earnings reports indicate a narrowing net loss for the second quarter of 2025 at US$3.74 million compared to US$11.33 million the previous year, alongside modest revenue growth in both medical and passenger services segments. Potential acquisition talks with Joby Aviation highlight strategic interest in Blade's market position despite its current financial difficulties. Click here and access our complete financial health analysis report to understand the dynamics of Blade Air Mobility. Understand Blade Air Mobility's earnings outlook by examining our growth report. Information Services Group Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Information Services Group, Inc. is an AI-focused technology research and advisory firm operating across the Americas, Europe, and the Asia Pacific with a market cap of approximately $242.91 million. Operations: The company generates revenue from its Fact-Based Sourcing Advisory Services, totaling $240.20 million. Market Cap: $242.91M Information Services Group, Inc. has shown resilience as it navigates the competitive landscape of technology advisory services. The company reported US$61.57 million in Q2 2025 sales, slightly down from the previous year, yet net income rose to US$2.18 million from US$2.04 million, illustrating improved profitability despite revenue fluctuations. With its debt well-covered by operating cash flow and a satisfactory net debt to equity ratio of 36.1%, ISG maintains financial stability while actively engaging in strategic initiatives like share buybacks and dividend distributions, enhancing shareholder value amid ongoing digital transformation efforts across various industries. Navigate through the intricacies of Information Services Group with our comprehensive balance sheet health report here. Evaluate Information Services Group's prospects by accessing our earnings growth report. loanDepot Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: loanDepot, Inc. operates in the United States by originating, financing, selling, and servicing residential mortgage loans and has a market cap of approximately $658.54 million. Operations: The company generates revenue of $1.12 billion from the originating, financing, and selling of mortgage loans. Market Cap: $658.54M loanDepot faces challenges as it remains unprofitable, with a net loss of US$13.39 million in Q2 2025, although this is an improvement from the previous year. The company has a high net debt to equity ratio of 1095.6%, indicating significant leverage concerns, but its short-term assets exceed both short and long-term liabilities. Recent executive changes aim to drive growth and return to profitability, including appointing Anthony Hsieh as CEO and promoting Tom Fiddler and Dan Peña to key leadership roles. Despite volatility in share price, loanDepot's inclusion in multiple Russell indices could enhance visibility among investors. Dive into the specifics of loanDepot here with our thorough balance sheet health report. Gain insights into loanDepot's outlook and expected performance with our report on the company's earnings estimates. Summing It All Up Unlock more gems! Our US Penny Stocks screener has unearthed 392 more companies for you to here to unveil our expertly curated list of 395 US Penny Stocks. Ready For A Different Approach? Uncover 15 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BLDE III and LDI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

When workers' lives outside work are more fulfilling, it benefits employers too
When workers' lives outside work are more fulfilling, it benefits employers too

Yahoo

time4 minutes ago

  • Yahoo

When workers' lives outside work are more fulfilling, it benefits employers too

Many employers are demanding more from workers these days, pushing them to log as many hours as possible. Google, for example, told all its employees that they should expect to spend 60 or more hours in the office every week. Some tech companies are demanding 12-hour days, six days a week from their new hires. More job applicants in health care, engineering and consulting have been told to expect long hours than previously demanded due to a weak job market. On the other hand, companies such as Cisco, Booz Allen Hamilton and Intuit have earned a reputation of supporting a strong work-life balance, according to Glassdoor employee ratings. To promote work-life balance, they offer flexible work options, give workers tips on setting boundaries and provide benefits to promote mental and physical well-being, including mindfulness and meditation training and personal coaching outside of work. As a psychologist who studies workplace performance and well-being, I've seen abundant evidence that overworking employees can actually make them less productive. Instead, research shows that when employees have the time and space to lead a fulfilling life outside work, such as being free to spend time with their families or pursue creative hobbies, it improves their performance on the job. Falling prey to the 'focusing illusion' For example, a team of researchers reviewed 70 studies looking at how managers support workers' family lives. They found that when supervisors show consideration for workers' personal roles as a family member, including providing help to workers and modeling work-family balance, those employees are more loyal and helpful on the job and are also less likely to think about quitting. Another study found that workers who could take on creative projects outside of work became more creative at work, regardless of their own personalities. This was true even for workers who didn't consider themselves to be very creative to start with, which suggests it was the workplace culture that really made a difference. When employers become obsessed with their workers' productivity, they can get hung up on tracking immediate goals such as the number of emails sent or sales calls made. But they tend to neglect other vital aspects of employees' lives that, perhaps somewhat ironically, sustain long-term productivity. Daniel Kahneman, the late psychologist whose research team won a Nobel Prize in economics, called this common misconception the 'focusing illusion.' In this case, many employers underestimate the hidden costs of making people work more hours than they can muster while maintaining some semblance of work-life balance. Among them are mental health problems, burnout and high turnover rates. In other words, overly demanding policies can ultimately hinder the performance employers want to see. Taking it from Simone Biles Many top performers recognize the value of work while also valuing the time spent away from it. 'At the end of the day we're human too,' said Simone Biles, who is widely considered the best gymnast on record. 'We have to protect our mind and body, rather than just go out there and do what the world wants us to do.' Elite athletes like Biles require time away from the spotlight to recuperate and hone their skills. Others who are at the top of their professions turn to hobbies to recharge their batteries. Albert Einstein's passion for playing the violin and piano was not merely a diversion from physics – it was instrumental to the famous and widely beloved scientist's groundbreaking scientific insights. Einstein's second wife, Elsa Einstein, observed that he took short breaks to play music when he was thinking about his scientific theories. Taking a break I've reviewed hundreds of studies that show leisure time isn't a luxury − it fulfills key psychological needs. Taking longer and more frequent breaks from your job than your workaholic boss might like can help you get more rest, recover from work-related stress and increase your sense of mastery and autonomy. That's because when employees find fulfillment outside of work they tend to become better at their jobs, making their employers more likely to thrive. That's what a team of researchers found when they studied the workforce at a large city hospital in the U.S. Employees who thought their bosses supported their family life were happier with their jobs, more loyal and less likely to quit. Unsurprisingly, the happier, more supported workers also gave their supervisors higher ratings. Researchers who studied the daily leisure activities of 100 Dutch teachers found that when the educators could take some of their time off to relax and engage in hobbies outside work, they felt better and had an easier time coping with the demands of their job the next day. Another study of German emergency service workers found that not having enough fun over the weekend, such as socializing with friends and relatives, can undermine job performance the following week. Finding the hidden costs of overwork The mental health consequences of overwork, spending too many hours on the job or getting mentally or physically exhausted by your work are significant and measurable. According to the World Health Organization, working more than 55 hours per week is associated with a 35% higher risk of having a stroke and a 17% higher risk of developing heart disease. Working too many hours can also contribute to burnout, a state of physical, emotional and mental exhaustion caused by long-term work stress. The World Health Organization officially recognizes burnout as a work-related health hazard. A Gallup analysis conducted in March 2025 found that even employees who are engaged at work, meaning that they are highly committed, connected and enthusiastic about what they do for a living, are twice as likely to burn out if they log more than 45 hours a week on the job. Burnout can be very costly for employers, ranging anywhere from US$4,000 to $20,000 per employee each year. These numbers are calculated from the average hourly salaries of employees and based on the impact of burnout on aspects such as missed workdays and reduced productivity at work. That means a company with 1,000 workers could lose around $4 million every year due to burnout. Ultimately, employers that overwork their workers have high turnover rates. One study found that the onset of mandatory overtime for South Korean nurses made more of them decide to quit their jobs. Similarly, a national study of over 17,000 U.S.-based nurses found that when they worked longer hours, turnover increased. This pattern is evident in many other professions besides health care, such as finance and transportation. Seeing turnover increase Conservative estimates of the cost of turnover for employers ranges from 1.5 to two times an employee's annual salary. This includes the costs of hiring, onboarding and training new employees. Critically, there are also hidden costs that are harder to estimate, such as losing the departed employee's institutional knowledge and unique connections. Over time, making workers work extra hours can undercut an employer's performance and threaten its viability. Abundant evidence indicates that supporting employees' aspirations for happier and more meaningful lives within the workplace and beyond leaves workers and their employers alike better off. This article is republished from The Conversation, a nonprofit, independent news organization bringing you facts and trustworthy analysis to help you make sense of our complex world. It was written by: Louis Tay, Purdue University Read more: Trump administration's lie detector campaign against leakers is unlikely to succeed and could divert energy from national security priorities US workers with remote-friendly jobs are still working from home nearly half the time, 5 years after the pandemic began Remote work has made developing relationships with colleagues harder – here's what workers and bosses need now Louis Tay is affiliated with ExpiWell, a mobile-first tech startup that enables researchers to capture momentary experiences of people. Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store