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Net Zero Emission
UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered
Emerging markets told they need to invest an additional $94.8tn to meet long-term global warming targets.
Electric Vehicle Battery
Germany Battery Pass to Create EU Standards
The three-year German-funded R&D project comprising 11 consortium partners will set out data specifications and technical standards for batteries in the EU.
Energy Transition
Samsung Elec to Join Renewables Pledge as S.Korea Shifts Gears on Green Energy
Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter sai…
Electric Car
Luxury EV Maker Lucid Scores Order From Saudi Government for up to 100,000 Vehicles
Saudi Arabia, a major investor in Lucid, has agreed to buy up to 100,000 Lucid EVs over the next 10 years.
Solar Power Plant
Doosan Škoda Commissions Turbine for 110MW CSP Plant in Chile
Doosan Škoda Power has commissioned a 110MW steam turbine for the concentrated solar power plant (CSP) in the Atacama Desert, Chile.
United States
DOE Funnels $12M to Enhance US Energy Systems’ Cybersecurity
The US department of energy (DOE) has announced $12 million for six new research, development and demonstration (RD&D) projects that will develop cybersecurity …
LNG
UK’s Gas Imports From Russia Increased by 37% in 2021
Russia was the fourth-most imported source for the UK last year, according to official data.
World Needs to Spend an Additional $1.3Bn on Energy by 2030
A new report found that oil and gas need a boost in contrast to previous IEA report which urged governments to stop new fossil fuel plans.
Microgrid
Work Starts on Pumped Hydro Microgrid in Western Australia
A pumped hydro microgrid is being developed in Walpole, western Australia, that consists of a 1.5 MW pumped hydro facility, using two farm dams, that will store…
Energy Storage Battery
CATL’s Revenue Hits USD 20 Bn, Full-Year Net Profit Dips to 26.28%
Amid increasing raw material cost and China’s zero-COVID policy, CATL’s net profit was down by 1.48 percentage points to 26.28%
Hydrogen Production
TurboGen’s Hydrogen Turbine Heralds the Fuel of the Future
The turbine, which could soon operate on 100% hydrogen, is indicative of Israel’s position as a leading hydrogen energy innovator.
Hydrogen Production
Saudi Arabia in Prime Position for Green, Blue Hydrogen Production: KAPSARC Study
The Kingdom’s hydrogen aspiration is in line with the launch of the Saudi Green Initiative launched in October 2021
Solar Power Plant
Europe's Biggest Solar Power Plant in Turkiye to Meet Power Needs of 2M
When fully operational, Karapinar solar power plant will have 1,350 megawatt capacity.
Crude Oil
Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform
Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government sa…
Oman
H2 Industries to Develop $1.4Billion Waste-To-Hydrogen Plant in Oman
The 200,000-square-metre centre will initially convert up to 1 million tonnes of municipal solid waste each year.
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