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Net Zero Emission
Baseload Capital Raises US$24 Million to Boost Geothermal
Swedish climate investment fund, Baseload Capital, has raised US$24 million in new financing, corresponding to SEK 250 million.
Carbon Emissions
Air France-KLM Group Eyes Greener Skies
Neste will supply Air France-KLM Group with more than one million tonnes of sustainable aviation fuel.
Wind Farm
UK Wind Farms Smash Electricity Generation Record
Official data shows that wind farms provided more than half of Britain’s electricity on Wednesday.
China
China’s State Grid Corporation to Use Nokia IoT Across Power Infrastructure
The State Grid Corporation of China (SGCC) will deploy a Nokia solution, aiming to use automation to better monitor electrical power production and distribution…
Net Zero Emission
Rolls-Royce and Neste Promote Green Fuels for Diesel Engines
German power solutions company Rolls-Royce and climate solutions firm Neste have partnered on the implementation of sustainable fuels for diesel engines.
Nuclear Fusion
Tokamak Energy ST80-HTS Hailed as Next Step to Grid Fusion
Tokamak Energy has revealed plans for its latest prototype fusion reactor, claiming grid fusion is just over a decade away.
LNG
LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in E…
Hydropower Plant
Norway’s Power Outlook Improves After Efforts to Save Water
Norway's depleted hydropower reservoirs have received a boost in the past few weeks from rain and efforts to save water, but stocks will remain low by the end o…
France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
LNG
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Guyana
Exxon Makes More Oil and Gas Discoveries Offshore Guyana
U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…
Net Zero Emission
Saudi Aramco Unveils $1.5BN Sustainability Fund
It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.
Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels
Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…
NASA Instrument Detects Dozens of Methane Super-Emitters From Space
An orbital NASA instrument designed mainly to advance studies of airborne dust and its effects on climate change has proven adept at another key Earth-science f…
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