Energy

Energy Transition

Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln

Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…

United Kingdom

Octopus Energy Takeover of Collapsed UK Rival Bulb Faces Legal Challenge

The British government’s decision to approve collapsed energy supplier Bulb’s acquisition by Octopus Energy faces a legal challenge from rival suppliers in ea…

Energy Investment

Losses May Force Japanese, S. Korean Utilities to Delay Green Investment

South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…

LNG

U.S., Britain Launch Energy Partnership to Boost Supplies

The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain …

Energy Transition

G7 Makes New $15 Billion Offer to Vietnam to Cut Coal Use -Sources

The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transit…

United States

U.S. Power Use to Hit Record in 2022 on Economic Growth, Hotter Weather -EIA

U.S. power consumption will rise to a record high in 2022 because of increasing economic activity and hotter summer weather, the U.S. Energy Information Adminis…

CCS

Denmark Awards First CO2 Storage Permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 …

Pumped Storage

‘Geomechanical Pumped Storage’ Startup Quidnet Gets Us$10 Million ARPA-E Funding

Quidnet, a company developing a proprietary mechanical energy storage technology, has been selected to receive funding from the US Advanced Research Projects Ag…

Energy Storage Project

KBR to Design Offshore Energy Storage for Crosswind

KBR has been awarded a contract to provide engineering services for an offshore energy storage project for CrossWind, a joint venture (JV) between Shell and Ene…

Romania

MET Group Enters Romanian Renewables Market

Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar pro…

Energy Investment

North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet

North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…

Electric Car

Prices of EVs Could Rise by 10% In 2024

That’s the warning from carmakers, after EU rules on manufacturing are set to change in two years.

United States

Methane Production Increases at a Faster Rate in Response to Ecosystem Warming

Scientists working at the ongoing Department of Energy's (DOE) Spruce and Peatland Responses Under Changing Environments (SPRUCE) experiment use the site's nort…

Petrofac Selected by Shell for EPS Services on Omani Project

EPS services provider will undertake three contracts including a five-year EPS contract for Shell’s Block-10 Mabrouk Phase 2 Project.

Net Zero Emission

Global Renewable Power Capacity Growth Set to Double by 2027, IEA Says

Energy crisis a 'historical turning point' towards cleaner energy, IEA's executive director Fatih Birol says.