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Wind Energy Technology
Norway Tackles the LCOE Challenge in Floating Offshore Wind Head On
In the quest to bring down the cost of offshore wind, Norwegian companies are innovating on several fronts, including cutting-edge floating foundation designs.M…
Thermal Plant
Payra Power Plant's Unit 2 To Remain Offline For Maintenance For 2 Months
One unit of the Payra 1320 MW Thermal Power Plant in Patuakhali will remain out of service for the next two months for essential maintenance, according to plant…
Thermal Plant
Now Payra To Cut Down Power Production By Half
Amid the backdrop of all other coal-based power plants in the country, including India's Adani, the production of a unit of Payra Thermal Power Plant went i…
Power Construction
Duke Energy Misses Expectations As Storms Hit Earnings
Power and gas utility Duke Energy Corp. has reported $1.24 billion in adjusted net income for the third quarter, down from $1.49 billion for the same three-mont…
Solar Inverter
Enphase Energy to Cut 17% of Workforce, Shut Down Production in Mexico
Enphase Energy's bidirectional EV chargerEnphase Energy says it plans to restructure its operations, reducing its global workforce by 17% – about 500 …
Solar Module
Chinese PV Industry Brief: Solar Module Exports Hit 54.9 GW in Q3
China’s solar module exports fell to 16.53 GW in September, down 12% from August and 16% year on year, according to PV InfoLink. Third-quarter exports rea…
Solar Module
Higher Inventories Weaken Demand Across Global Solar Module Markets
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.FOB China: The Chine…
Wave Energy
Wave Energy Tech Could Drive Down Solar Costs in Australia
WaveX founder Simon Renwick has told pv magazine that including wave energy in a solar farm’s energy mix could reduce its capital expenditure by 50%, acco…
Natural Gas
Russia’s Crude Shipments Slump on Lower Arctic, Black Sea Flows
Russia’s seaborne crude exports plunged in the latest week, with the biggest decline since early July dragging down the four-week average.Weekly flows dropped …
United States
Copper Drops as Dollar Strengthens on Trump Lead in US Election
Copper fell along with most metals, weighed down by a rise in the dollar as Donald Trump took an early lead in the US election.The Associated Press called North…
Power Construction
California Faces Risk of Power Cuts With Winds Boosting Fire Threat
California residents face power shutoffs this week as warm, dry winds sweep the state, threatening to tear down utility lines and spark wildfires.Edison Interna…
Oil Price
Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn
ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the …
Electricity Trade
The Rust Belt Is Becoming Ground Zero for the EV Charging Boom
As electric car sales pick up pace far from the US coasts, a wave of new fast-charging stations coming online from the Rust Belt down to the Deep South.Roughly …
Battery
Lithium Woes Hold Top China Producers to 2024 Losses
China’s two biggest lithium producers remain in the red nine months into the year as the battery-metal downturn continues squeezing the industry.Tianqi Li…
Solar Panel
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…
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