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Crude Oil

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.

Net Zero Emission

Saudi Aramco Unveils $1.5BN Sustainability Fund

It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.

Hydrogen Project

ACWA Power and Industrial Development Corporation of South Africa (IDC) Set to Explore Green Hydrogen Projects in South Africa

Agreement intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at $10 billion.

Solar Technology

Egypt’s First Financed Solar Battery PPA Project Secures Financing

A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project.

CCS

Babcock & Wilcox to Test Carbon Capture for Waste Coal and Biomass Project

US-based energy services company Babcock & Wilcox (B&W) was awarded a contract to study its carbon capture solution at a waste coal and biomass plant currently …

Energy Transition

Google and C40 Cities Launch Carbon-Free Energy Pilot

A new programme has been announced by Google and C40, a global network of mayors taking action to confront the climate and energy crisis, to explore and integra…

SMR

NuScale and Prodigy Advance SMR Marine Facility Design

NuScale Power and Prodigy Clean Energy have announced a new concept design for a transportable and marine-based small modular reactor (SMR) power generating fac…

Offshore Wind Power

Ørsted Unveils Massive Offshore Wind Plan in Home Waters

Ørsted and Copenhagen Infrastructure Partners have joined forces to develop offshore wind

United States

Electrical Generation by US Renewables Grew by 17%

Electrical generation by wind increased by 22%, according to a report.

Hydrogen Project

UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station

The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.

Net Zero Emission

Emissions Reductions Pledges ‘Nowhere Near’ What’s Needed, Un Says

The analysis comes ahead of next month’s COP27 climate change summit in Sharm el-Sheikh, Egypt.

Energy Transition

Malaysia’s TNB to Develop 2,100MW Combined Cycle Power Plant

This is scheduled to be in operation in 2031.

Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels

Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…

NASA Instrument Detects Dozens of Methane Super-Emitters From Space

An orbital NASA instrument designed mainly to advance studies of airborne dust and its effects on climate change has proven adept at another key Earth-science f…

Europe’s Energy Crisis Heaps Pain on Heavy Industry

Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…