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Joe Biden

ACP CEO Heather Zichal Statement on President Biden Signing the Inflation Reduction Act Into Law

Heather Zichal, CEO of the American Clean Power Association, issued the following statement today after President Biden signed the historic Inflation Reduction …

Natural Gas

Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis

Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.

United States

US DOE Announces $44M Funding for EGS Innovation Projects

Through Utah FORGE, the U.S. Department of Energy will provide funding for up to 17 awards that will build on FORGE's existing work on EGS technologies.

Natural Gas

Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss

German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…

Crude Oil

U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study

U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…

Natural Gas

Europe Says ‘No’ to VAT Exemption on German Gas Levy

All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.

Net Zero Emission

UK Puts Carbon Behind Bars

Low carbon systems will ensure the prison has zero carbon operations

CCS

Climate Change Affects Grassland Soil Organic Carbon Storage

Grasslands can store carbon, making them a valuable weapon in the fight against climate change.

Germany

Europe’s Power Prices Surge to New Record

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…

CCS

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…

CCS

New AI Tech Could Help Detect Leaks in Underground Carbon Storage

The international research partnership seeks to implement AI and machine learning to detect the leaks in pipelines and well string

Hydrogen Project

Canada and Germany Set to Ink New Hydrogen Deal

This new project would be the first of its kind in Canada

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …

Carbon Emissions

EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level

Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc's statis…

Energy Storage Battery

Blackrock Makes $700 Million Investment in Australian Battery Storage

Effective, large-scale storage systems are set to become increasingly important as renewable energy capacity expands.