Energy economy

United States

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 ene…

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 opera…

Germany

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 sola…

Hydrogen Production

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

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

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. …

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…

Energy Security

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

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, Buildi…

Offshore Wind Power

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

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

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.

Electrification

$15.5M Investment into Zambia’s First Renewable Energy Buyer

InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Afric…

Oil Price

Shell Posts Record Profit on High Energy Prices and Trading Boost

Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…

Net Zero Emission

Bp to Invest £18 Billion in UK Energy System by 2030

bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to…