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Energy Economy

Google signs PPAs on 400-MW Texas solar project portfolio

Google signs PPAs on 400-MW Texas solar project portfolio

Energy Investment
27-05-2022

US Government to Invest $38M in Decarbonising National Laboratories
Each of the Department of Energy’s national laboratories houses heavy industrial facilities, energy-intensive data centres, reactors and other unique infrastructure that demands large amounts of continuous power.
Oil Price
27-05-2022

UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bills.
Hydrogen Project
26-05-2022

Iberdrola Boss Pledges €3BN to Fuel Europe’s Green Hydrogen Economy
Ignacio Galán, chairman of Spanish energy giant Iberdrola, has announced at the World Economic Forum in Davos that the company will invest €3 billion ($3.2 billion) in green hydrogen to accelerate the European Green Deal.
26-05-2022

Saudi Aramco Shows Interest in Buying Valvoline’s Commercial Unit
Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told Reuters on Wednesday.
United States
26-05-2022

TotalEnergies to Buy Stake in US Renewables Firm Clearway Energy
TotalEnergies SE said it will acquire a stake in a large US renewables developer, another move by the European energy giant to expand its footprint in the American power sector.
Net Zero Emission
25-05-2022

Elon Musk, Alphabet, & Joe Biden (USA) Just a Few Investing Billions Into Carbon Removal
As the world shifts toward clean energy in its automobiles and its energy generation tactics, experts say there’s still a lot of work to do to ensure global temperatures don’t keep rising.
Clean Energy Transition
25-05-2022

SEA Needs $190B Annual Energy Investments by 2030: IEA
This amount will help the region reach its climate goals.
CCS
24-05-2022

New $3.5BN US Programme to Establish Regional Direct Air Capture Hubs
The programme will support four large-scale hubs that will each consist of a network of CO2 removal projects to help address the impacts of climate change.
Energy Transition
24-05-2022

Eni to Invest €2.5BN in UK’s Energy Sector
The oil and gas producer has said it will boost carbon capture and renewable energy projects.
Norway
24-05-2022

Norwegian Start-up Morrow Batteries Secures €100M Investment
The company will use the proceeds to build the first phase of its battery cell factory in Arendal, Norway.
Norway
24-05-2022

Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets
Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producing North Sea assets from Germany's Wintershall Dea.
Wind Turbine
24-05-2022

No Signs of Near-Term Recovery at Siemens Gamesa - Siemens Energy CEO
Siemens Energy does not yet see signs of a recovery at wind turbine maker Siemens Gamesa, its chief executive said on Monday after launching a bid for minority holdings in the struggling unit.
Energy Security
20-05-2022

EU Unveils €300BN Package to Slash Reliance on Russia’s Energy
The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.
United States
20-05-2022

Small Us Businesses Granted $53M for Clean Energy and Climate Solutions
It will support 259 projects across 38 states that cover security and resilience, renewable energy, energy storage, carbon capture and conversion and fusion energy.
19-05-2022

Siemens Energy Considers Bid for 100% Stake in Siemens Gamesa
German energy company Siemens Energy is considering making a bid to purchase the remaining third of Siemens Gamesa, in an effort to ease the financial and operational woes.
Germany
18-05-2022

RWE Issues New Us$2.1 Billion Bond to Chase Solar, Wind Projects
German utility giant RWE has issued a green bond with a volume of €2 billion (US$2.1 billion), the proceeds of which will be used to pursue development of solar and wind projects.
Hydrogen Production
18-05-2022

HydrogenOne Capital Growth Invests €6MN in HH2E
German company HH2E is developing projects to decarbonise industry using green hydrogen, with associated energy storage and hydrogen power generation.
CCS
18-05-2022

Carbon Capture Company Raises $150M
A company aiming to deliver gigatonne scale industrial decarbonisation by the mid-2030s has raised $150m in its latest funding round.
Offshore Wind Power
16-05-2022

Ørsted and TotalEnergies Partner on Dutch Offshore Wind Tenders
Danish renewables company Ørsted and energy company TotalEnergies have jointly submitted bids for the two Dutch offshore wind tenders for Holland Coast West.
16-05-2022

Casino Says it Plans to Sell Renewable Energy Unit
French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end of the year.
Energy Security
12-05-2022

Russia Slaps Sanctions on Western Energy Firms
Moscow has imposed sanctions on more than 30 EU, US and Singaporean energy companies in a retaliatory move following western penalties imposed on Russian.
Net Zero Emission
09-05-2022

Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution
DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Building Next Generation Industries
Offshore Wind Power
07-05-2022

UK Oil and Gas Firms to Put £250Bn into Low Carbon Energy by 2030
New analysis has uncovered how spending may look for these companies in the next decade.
Solar Power Panel
07-05-2022

US Agrivoltaics Benefit From Government Funding Boost
The U.S. Department of Energy Solar Energy Technologies Office announced the Foundational Agrivoltaic Research for Megawatt Scale funding opportunity.
Wind Turbine
07-05-2022

GE Renewable Energy Buys Minority Stake in 3D Printing Firm
COBOD has provided GE Renewable Energy with a 3D concrete printer to use at its new R&D facility in New York.

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Equinor aims to sell 8% stake in solar energy firm Scatec

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