Bill

Natural Gas

Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss

German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…

United Kingdom

British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’

The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap

CCS

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…

LNG

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…

Oil & Gas Supply

Europe’s Efforts to Shield Households From Soaring Energy Costs

Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…

CCS

Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…

Natural Gas

German Households Will Foot the Bill for New Gas Tax

A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by the war in Ukraine is set to cost German families, who will have to fo…

Nuclear Technology

Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies

TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.

Nuclear Technology

South Korea’s SK Invests $250 Mln in Bill Gates’ Terrapower for Nuclear Power Tech

South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops smal…

Oil Exploration

China Heralds Another Major Oil Discovery

China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…

Solar Power Panel

The $369 Billion Promise That Sent Clean Energy Stocks Soaring

For clean energy stocks, the result has been immediate, with solar stocks, in particular, soaring as soon as it became clear that the bill would be passed.

Solar Power Panel

Canadian Solar Plans US$9 Billion Polysilicon, Cell and Module Factory in China

Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells…

Nuclear Power Plant

French Nuclear Giant Sues Government for $8 Billion

French nuclear giant EDF, forced to sell power to competitors below market value, is now suing the French government for over $8 billion in compensation.

Offshore Wind Power

Vietnam Needs $8 Bln-$14 Bln Power Investment a Year Through 2030 - Minister

Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry m…

Carbon Emissions

California’s Forest Carbon Buffer Pool Found to be Severely Undercapitalized

Researchers have found that California's forest carbon buffer pool, designed to ensure the durability of the state's multi-billion-dollar carbon offset program,…