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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting

Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting

10-08-2022

Shell Completes Acquisition of Renewable Platform Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited, and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
EU
09-08-2022

EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers and other raw materials.
Australia
09-08-2022

Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the National Electricity Market (NEM) will have an annual median price of around $200/MWh, up until FY2025.
09-08-2022

Baker Hughes Acquires Power Generation Division of Brush Group
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners.
United States
09-08-2022

U.S. Senate Passes Inflation Reduction Act to Energy Industry Applause
The clean energy industry celebrated a moment on August 7, 2022, that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure that includes the largest investments in clean energy and climate change in US history.
Wind Turbine
09-08-2022

Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 million euros ($204 million) due to the restructuring of its business in Russia.
Carbon Emissions
08-08-2022

U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more carbon intense and less efficient than renewable diesel.
08-08-2022

Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Energy Transition
08-08-2022

Masdar Signs Agreement With Tanzanian Utility for Renewable Energy Projects
Abu Dhabi's clean energy company setting up joint venture with Tanesco in Tanzania to develop projects with combined capacity of two gigawatts
07-08-2022

Getech Secures Contract for Geoscience Platform
Getech has signed a US$1.1 million multi-year contract with an international energy company for its Globe platform and launched the next generation of this tool that models the Earth’s evolution over the last 400 million years.
Energy Investment
05-08-2022

Biden Administration to Invest Us$26 Million in Renewable Grid Demonstration Projects
US President Joe Biden has launched a US$26 million-funded project that will demonstrate the US electricity grid can reliably run entirely on renewables and energy storage.
Energy Investment
05-08-2022

Investment in Renewables Hits Record $226BN Despite Supply Chain Woes
Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.
05-08-2022

Adani Green Energy’s Cash Profit up 48% YoY to $86M in Q1 FY23
Its operational capacity rose 65% YoY to 5,800MW.
United Kingdom
04-08-2022

British Solar Renewables Acquired by ICG Infra
It aims to have more than 1.5GW of renewable energy capacity in operation over the next five years.
Energy Investment
04-08-2022

Octopus Energy, Nest, and GLIL invest in Hornsea One
Octopus Energy Group’s generation business has worked with Nest to take a stake in the Hornsea One Wind Farm.
Japan
04-08-2022

Japan’s JERA Posts JPY11.7B Loss in Q1
This is a JPY75.8b drop from the JPY64b profit last year.
EU
03-08-2022

EU Approves 3-Billion-Euro German Green Heating Scheme
The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district heating programmes.
Offshore Wind Power
03-08-2022

Vattenfall Prequalifies for the Upcoming French Offshore Wind Energy Tender in the Mediterranean Sea
Vattenfall prequalifies for the upcoming floating French offshore wind tender for two projects off the coast of the Mediterranean Sea.
Energy Investment
03-08-2022

EU Backs Cleantech Innovators With €1.8BN Investment
A total of 17 projects will share the funding to bring ‘breakthrough technologies’ to the market in energy-intensive industries
03-08-2022

Siemens Gamesa Posts €340M Quarterly Loss
Manufacturer reportedly considering cutting 2500 jobs, equivalent to 9% of its workforce.
Electric Car
02-08-2022

Tesla Shareholders to Vote on Yet Another Stock Split
Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years.
Oil Price
02-08-2022

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited by Reuters.
Carbon Emissions
02-08-2022

UK Pushes Ahead Public Sector Decarbonisation With £635M
NHS Trusts, schools and local authorities will be able to apply for grants in September
Poland
02-08-2022

Iberdrola Acquires 98MW Renewables Portfolio in Poland
Spanish energy company Iberdrola has agreed to acquire 98MW of wind and solar projects in Poland from Augusta Energy, a joint venture between Greenvolt’s subsidiary V-ridium Power Group and asset manager KGAL.
01-08-2022

JinkoSolar Subsidiary to Issue $1.5B Convertible Bonds
Proceeds will serve as Jiangxi Jinko’s working capital, amongst others.

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