B

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Energy Transition

ADB Sees ‘Significant Progress' in Energy Transition Mechanism

The ETM was launched at COP26 last year.

Jordan

Masdar to Develop 2GW Renewables in Jordan

Jordan seeks to increase its share of renewable energy to 50% by 2030.

Net Zero Emission

U.S. Aims for Zero-Emissions Heavy-Duty Vehicles by 2040

The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S. energy s…

Electric Car

New G20 Irritant for Biden: Restrictive U.S. Electric Vehicle Tax Subsidies

Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia's ambitious energ…

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…

LNG

LNG Exports Drive Expansion of North American Natural Gas Market, Adding 29 Bcfd of Production by 2033

LNG exports nearly triple over next decade, Inflation Reduction Act to boost gas demand in the long term.

Energy Transition

The Energy Transition Will Fail Unless Industry Fixes Wind Power Issues, Siemens Energy CEO Says

Siemens Energy says its “overall performance” has been “held back by the negative development at Siemens Gamesa Renewable Energy,” a wind turbine manufactur…

Net Zero Emission

COWI to Support Equinor’s Energy Transition

To fulfil the Paris Agreement and become carbon-neutral by 2050, the world has started a decisive global transition to low carbon and renewable energy, with off…

United States

NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and …

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.

Hydrogen Project

Masdar-Led Consortium to Develop 2GW Green Hydrogen Project in Egypt

The first phase of the project is expected to operate by 2026.

United Arab Emirates

Jordan, Israel, UAE Tie Up to Advance Project Prosperity

The countries seek to develop clean energy and sustainable water desalination.

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…

Global Commission Formed to Accelerate Approvals of Renewables, Green Hydrogen

It is expected to present its recommendations to the UN General Assembly in September 2023.