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LNG

Germany’s LNG Terminals to Cost More Than Double Earlier Estimate

The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will …

Energy Transition

COP27 Reaches Key Deal on “Loss and Damage” Funds for Nations Vulnerable to Climate Change

Final COP27 document seen as offering tacit support for natural gas and blue hydrogen amid warnings that energy transition is falling behind Paris objectives. …

Offshore Wind Power

Equinor and bp Unveil $5M Offshore Wind Ecosystem Fund in New York

The two energy giants are developing the Empire Wind and Beacon Wind projects, which will generate enough renewable energy to power more than two million New Yo…

France

France Spends 8.4 Billion Euros to Help Companies With Energy Bills

France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…

Italy

New Italian Government’s Budget to Boost Spending to Fight Energy Crisis

Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…

COP27 Draft Climate Deal Published but Gaps Remain

The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal count…

Gas Turbine

GE Deploys First Hydrogen Powered Gas Turbine in Egypt

The demonstrations of the unit running on the mixed hydrogen and gas fuel ran at different times during the United Nations Framework Convention on Climate Chang…

Energy Transition

RWE Plans Renewables Profit Share With German Authorities to Improve Local Acceptance of Energy Transition

German utility RWE will offer profits to municipalities where one of its wind or solar farms is located as part of an expansion of the German Renewable Energies…

Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

Energy Storage System

A Breakthrough for Next-Generation Lithium-Free Energy Storage Systems

Battery energy storage systems can be used to store and discharge energy as and when needed, which can provide backup power, balance the electric grid, improve …

Offshore Wind Power

Wind Megaprojects Are Coming Online Across the Globe

The world’s largest offshore wind farm has just come online.

Israel

Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects

Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investmen…

LNG

U.S. Gas Prices Jump as Freeport LNG Targets Full Restart in March 2023

U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.

Clean Energy Industries Form Alliance at COP27

Global industry organisations representing wind, solar, hydropower, green hydrogen, long duration energy storage (LDES) and geothermal energy industries have of…

Natural Gas

Germans Face More Power and Gas Price Hikes in January - Portal

Many German households face another 50%-plus hike in power and gas supplies in January due to the lag in suppliers passing on higher wholesale market prices and…