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United States

Nuclear reactor developer X‑Energy targets $7.5 billion valuation in US IPO

Amazon-backed X-Energy is targeting a valuation of up to $7.51 billion in its initial public offering ​in the United States, the nuclear reactor developer said…

South Korea

Hyundai Electric builds Korea’s largest eco-friendly transformer

The HD Hyundai subsidiary said on April 16 the accomplished product will head to a substation in the United Kingdom operated by National Grid, a local utility c…

Hydrogen Storage

Rostec plans to build hydrogen production facilities, fueling stations along roads between Russia, China

April 15, Rostec in cooperation with Chinese investors is preparing to implement a "cross-border hydrogen corridor" project, involving the construction of facil…

United States

US solar cell maker Suniva investing $350 million in South Carolina expansion

U.S. solar manufacturer Suniva said on April 14 it will invest $350 million in a South Carolina cell factory, with production starting in early 2027.The ​facil…

Greece

ExxonMobil, Energean to sign contract for first test gas drilling off Greece in years

U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign ​a contract on April 14 with ‌Stena Drilling to start exploratory drilling in a western Gree…

South Korea

Hitachi Energy, Samsung C&T sign grid MoU

Hitachi Energy and Samsung C&T have signed a memorandum of understanding to expand collaboration on high-voltage alternating current grid infrastructure worldwi…

Routing Energy, VENSYS agree wind pact

Routing Energy and VENSYS Energy have entered into a strategic cooperation agreement to support wind energy projects.Routing Energy said the partnership will ex…

EU

EU signs off on €3.7bn Czech biomethane production subsidies

The European Commission has approved a €3.7bn ($4.36bn) Czech government funding scheme to scale sustainable biomethane production amid the net-zero emissi…

Norway

Equinor aims to sell 8% stake in solar energy firm Scatec

Norway's Equinor said on April 13 it is contemplating a ​sale of some 12.9 million ​shares in Scatec, representing around ⁠8.1% of the ​solar energy fir…

Botswana

Botswana signs energy and mineral exploration deals with Oman

Botswana's president has clinched multiple ​agreements with Oman, including on mineral exploration, oil storage infrastructure and renewable ‌power, d…

Venezuela

Chevron agrees to asset swap in Venezuela to focus on heavy oil projects

Chevron signed two key agreements on April 13 to expand ‌operations at Venezuela's vast Orinoco Belt, including an asset swap adding an extra heavy cru…

Electric Vehicles

VW to stop making its top electric vehicle in the US

Volkswagen said on April 9 it will end production of the ID.4 electric SUV out of ‌its Tennessee plant this month, citing a challenging time for the U.S. e…

China

China Launches World's First Panoramic Carbon Emission Accounting System

The world's first panoramic carbon emission accounting system covering the production end, consumption end, and natural sources—the "Panshi·Yuheng Carbon …

Serbia

Serbian gas turbine power plant project with SOCAR's participation will require 600 mcm of gas per year - Serbian energy minister

April 9 , The volume of gas required for the operation of the gas turbine power plant (GTPP) planned for construction in Serbia jointly with the State Oil Compa…

Russian

Roscosmos says working with Kurchatov Institute, Rosatom to resume nuclear-powered rocket engine research

April 9 ,Roscosmos is working together with the Kurchatov Institute and Rosatom to resume nuclear-powered rocket engine research, Roscosmos Space Systems Depart…