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Electric Vehicles
Great Wall Motor’s Net Profit Surges 80.76% YoY in 2024
Chinese automaker Great Wall Motor (GWM) released its 2024 financial results, showcasing strong performance in revenue and profits on March 28. The company repo…
Natural Gas
Shell Warns Australia’s Gas Reservation Plan Could Worsen Shortages
On May 3, as Australia approaches its general election, energy has become a key political issue. The conservative Liberal-National coalition has pledged to tack…
Nuclear Power Plant (NPP)
Minister Announces Funds for New Reactor as Safari-1 Turns 60
As South Africa's Safari-1 research reactor marks its 60th anniversary, Minister of Electricity and Energy Kgosientso Ramokgopa has announced a budget alloc…
Carbon Storage
Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion
Shell (SHEL.L), Equinor (EQNR.OL)and TotalEnergies (TTEF.PA)said on Thursday they will invest 7.5 billion Norwegian crowns ($713.66 million) into expanding thei…
Hydrogen Project
US Weighs Funding Cuts to Four of Seven Hydrogen Hubs
The U.S. Department of Energy is weighing funding cuts to four of seven hydrogen hubs that were selected under a $7 billion federal program, according to a sour…
Electric Vehicles
Chinese Electric Vehicle Maker Byd Reports 2024 Revenue Over Us$100B, Topping Tesla’s Sales
Chinese electric vehicle maker BYD logged a record 777.1 billion yuan (US$107 billion) in revenue last year as its sales of battery electric and hybrid vehicles…
Gas Pipeline
BP Rakes in $1 Billion From Sale of Partial Stake in Pipeline Carrying Gas From Field off Azerbaijan
UK-headquartered energy giant BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s s…
Rooftop Solar
Rooftop Solar Saved California Ratepayers $1.5 Billion Last Year
Investor-owned utilities and residential solar installers in California have clashed over rulemaking decisions on billing structures and regulations for rooftop…
Electric Vehicles
Geely Automobile Posts Record-High Annual Revenue in 2024
On March 20, Geely Automobile Holdings Limited ("Geely Automobile") released its 2024 financial results, reporting record-breaking revenue.The company's ann…
Solar Panel
UK to Invest $260 Million on Solar Panels for Schools and Hospitals
GB Energy will lead a 200 million pound ($260 million) solar panel project for hospitals and schools, Britain said on Friday, in the first investment for the st…
Electricity Transmission
Ten Suppliers Line up for UK National Grid’s HVDC Supply Chain Framework
The National Grid has awarded contracts to ten suppliers as part of a £59 billion high voltage direct current (HVDC) supply chain framework, setting the s…
Nuclear Reactor
US Releases $57 Million in Financing to Help Reopen Michigan Reactor
The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec's Palisades nuclear plant in M…
Electric Vehicles
LI Auto Scores 16.6% YoY Growth in 2024 Annual Revenue
Li Auto, a leading player in China's new energy vehicle market, has released its unaudited financial results for the fourth quarter (Q4) and full year ended…
LNG
Hanwha Ocean Wins W2.3tr LNG Carrier Order From Evergreen Marine of Taiwan
Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won ($1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied na…
Energy Storage Project
Samsung SDI Inks 437.4 Bln-Won Deal to Supply ESS Batteries to U.S.-Based Nextera Energy
Samsung SDI Co., South Korea's major battery maker, said Friday it has signed a 437.4 billion-won (US$300.5 million) deal to supply energy storage solution …
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