Ai

World Bank to abandon goal to devote 45% of lending resources to climate change projects

The World Bank Group said on June 29 it will "retire" its previous goal ‌to devote 45% of its annual lending resources to projects with climate co-benefits…

United States

US announces $17.5 billion in loans for nuclear power supply chain

The ​U.S. Department of Energy announced on June 23 $17.5 billion in conditional loans for utilities and energy companies to purchase ‌parts needed to strengt…

Suriname

Petronas makes new gas find at Suriname offshore block, discoveries equivalent to 1 billion barrels

Malaysia's state-controlled energy producer Petronas has made another gas ‌discovery at offshore Block 52 in Suriname, the South American country's…

United States

Chevron signs power supply deal with Microsoft for Texas data center

Chevron said on June 22 it has signed an agreement with Microsoft to develop a co-located ​facility that would provide natural-gas fired power to the technolog…

United States

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

Fervo Energy, the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) on June 22 announced an agree…

Venezuela

Venezuela, GE Vernova sign cooperation agreement on power supply

Venezuela's government and electricity supply company GE Vernova signed ​a memorandum of understanding on June 15.Interim ⁠President Delcy Rodriguez said …

China

270-tonne Containment Dome Lifted into Place at China's Ningde 5 Nuclear Unit

China General Nuclear Power Group (CGN) has completed the installation of the 270-tonne containment building outer dome at its Ningde Nuclear Power Plant Unit 5…

Brazil

Brazil's Vale plans to invest $2.6 billion in decarbonization initiatives

Brazilian miner Vale plans to invest up to 13 billion reais ($2.56 billion) in ​decarbonization initiatives to meet its voluntary emissions reduction ‌targets…

Oil & Gas Trade

S. Korea, Saudi Arabia sign agreement on crude oil, gas cooperation

South Korea and Saudi Arabia have signed an agreement to seek cooperation in the energy resources industry, including crude oil and natural gas, amid recent vol…

Venezuela

Venezuela, IMPSA sign agreement for large hydroelectric project, government says

Venezuela and energy firm IMPSA have signed an agreement to complete ​the development of major hydroelectric project Tocoma ‌in the country's southern reg…

United States

Green Service Insulation Expands Residential Insulation Services Across South Florida to Help Homeowners Reduce Energy Costs

Green Service Insulation, a leading insulation solutions provider based in Hollywood, Florida, announced on June 10 the expansion of its residential insulation …

United States

Voltus Acquires Brightfield AI to Accelerate Energy Storage Deployment

Voltus, Inc., the leading virtual power plant (VPP) operator and distributed energy resource (DER) platform, announced on June 10 its acquisition of Brightfield…

China

Failure Rate Dropped from Industry Average 18% to 0.3%: Zhang Ying Reshapes Industrial Measurement Reliability Standards with Ultra-High-Temperature Molten Salt Measurement Technology

In the industrial measurement and control and energy equipment sector, long-standing pain points—including measurement instability under ultra-high-temperature…

Egypt

Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm

Egypt signed investment, operation, and power purchase agreements worth $420m with Alcazar Energy for the 580-megawatt (MW) Gabal El Zeit wind power plant, the …

United States

Qualitas Energy Acquires 164 MW Solar Project in US

Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has acquired a development-stage solar …