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Energy economy
Brazil
Biomass Beats Wind and Solar in Brazilian Power Bids for First Time in Low-Energy Tender
Just under 1GW of renewable capacity awarded in the South American country’s latest tender, which underlined impact of weak domestic economy and low power dema…
Energy Investment
Windfall Tax Threatens Oil and Gas Investment in North Sea, Says Shell
The energy giant has said the levy “creates uncertainty”
AGL Energy Withdraws Demerger Proposal
The company believes it will not receive the required 75% approval threshold.
Energy Security
Windfall Taxes Are Not the Only Solution to the Energy Crisis
Following the announcement from the Chancellor of the Exchequer that the UK government will be introducing a temporary, targeted energy profits levy, Dan Atzori…
Energy Investment
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 infrastru…
Oil Price
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 househol…
Hydrogen Project
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 bi…
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 …
United States
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 Ameri…
Net Zero Emission
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 te…
Clean Energy Transition
SEA Needs $190B Annual Energy Investments by 2030: IEA
This amount will help the region reach its climate goals.
Solar Power Plant
New Cooling Method for Concentrated Solar Power Plants Saves Water by Using Radiative Cooling Systems
The world is currently transitioning to an endurable energy economy in the hopes of dealing with the current energy and climate crisis, and concentrated solar p…
CCS
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
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
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.
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