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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 …

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

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

Australia’s Largest-Ever 1,200MW Battery Storage System to Be Built in Melbourne

Construction for the largest Battery Energy Storage System (BESS) ever deployed in the Asia-Pacific will begin in Melbourne, eventually supporting up to 1,200MW…

Energy Storage Project

US Long-Duration Energy Storage Demos to Receive $350M Funding

Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.

Electric Car

GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December

BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…

Ammonia

Power Facilities to Potentially Use 100 MT of Low-Carbon Ammonia as Feedstock by 2050

Conventional market low-carbon demand expected to reach 21 Mt globally by 2030, but cost remains challenging.

Cambodia

Cambodia Connects 100-Mw Solar Park Project to National Grid

The project was accomplished in partnership with the ADB.

Crude Oil

India Raises Windfall Tax on Crude Oil

India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.

Carbon Neutral

EU Reaches Deal to Increase Carbon Removals From Land Use, Forestry and Agriculture

The agreement boosts the EU’s target for net carbon removals by natural sinks to 310m tonnes of CO2 equivalent by 2030.

Net Zero Emission

Indonesia’s PLN Enters Agreement With Amazon for 210MW Solar Projects

State-owned electricity firm PT PLN (Persero) signed an agreement with Amazon for the development of 210 megawatts (MW) of solar projects, the generated power o…

Hydrogen Project

COP27: Egypt and Norway to Build 100MW Green Hydrogen Plant

Plant will be built in Egypt’s Ain Sokhna region, on the Red Sea coast, and will be implemented in cooperation with Scatec, the Norwegian energy giant.

Solar Materials

51% Of Global Jinkosolar Facilities Powered by Clean Energy

Chinese solar module manufacturer JinkoSolar says it aims to have 60% of its global facilities powered by clean renewable energy by end of 2023.

Hydropower Plant

New Report Highlights Australia’s Massive Potential for Pumped Hydro

Researchers from The Australian National University (ANU) have released a detailed study outlining 1,500 additional locations across the country that could be u…

Net Zero Emission

Turkey Raises Greenhouse Gas Emission Reduction Target for 2030

Turkey will aim to bring its greenhouse gas emissions 41% below business-as-usual levels by 2030, raising the target from 21%, Environment Minister Murat Kurum …