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Wave Energy

CorPower Ocean Secures Funding for Breakthrough Wave Energy Tech

CorPower Ocean, a specialist in wave energy technology, has secured funding for its new generation of high-efficiency WECs.

France

Hydrogen Council Adds New Members Including Microsoft and Baker Hughes

The global coalition pushing for a power generation transition to zero carbon hydrogen has added a list of big corporate names to its membership.

Sweden

Sweden Becomes Second Largest net Power Exporter for the First Time

Sweden overtook Germany to become the second biggest net exporter of power in Europe in the first half of 2020 – the first time this has happened.

Coal-Fired Power Plants

GE to Support Digitisation of Dominican Republic's Largest Coal Plant

GE is providing the Corporación Dominicana de Empresas Eléctricas Estatales with a combined software and services package at the coal-fired Central Termoeléc…

Market Analysis

UK Energy Supplier Publishes Report on Power Systems in 2050

UK power distributor National Grid ESO has released a report forecasting changes to the UK energy sector before 2050.

LNG

Consortium-Led LNG to Power Project in Myanmar Gets Approval

A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.

Solar Power Plant

Acciona Opens Spain's Grid-Connected Floating Solar PV Plant

Renewable energy company Acciona has announced the opening of the first grid-connected floating photovoltaic solar plant in Spain.

Floating Offshore Wind

Floating Wind Farm WindFloat Atlantic Begins Operations

Repsol has announced that the WindFloat Atlantic floating wind farm off the shores of Portugal has started supplying renewable energy to the country’s electric…

Oil & Gas Trade

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…

United States

Another Permian Oil Producer Files For Bankruptcy

Permian oil producer Rosehill Resources said on Monday that it had filed for bankruptcy protection, becoming the latest shale casualty of the collapse in oil pr…

Norway

How One Oil Major Excelled As Prices Crashed

When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get ri…

Market Analysis

EU Records Highest-Ever Use of Renewables for Powergen

Renewables have exceeded fossil fuels for electricity generation in the European Union (EU) for the first time, according to new research from London-based thin…

Offshore Wind Power

New Wave of UK Offshore Wind could Help Reduce Energy Bills

The newest wave of UK offshore wind farms could produce power so cheaply that they pay money back to consumers, researchers have said.

Oil Price

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns

Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca…

Offshore Wind Power

Full Power at First Floating Wind Energy Project in Continental Europe

MHI Vestas Offshore Wind confirms that the final of three V164 8.4 MW wind turbines is now generating power to the Portuguese grid.