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Solar Inverter

SMA Reports Weak Financials, Lowers 2024 Outlook

SMA headquarters in Niestetal, GermanyGerman inverter maker SMA says it has recorded €1.06 billion ($1.12 billion) of revenue for the first nine months of …

Nuclear Technology

US Development Bank Considers Investing In Polish Plant

The US International Development Finance Corporation has signed a letter of interest with Polskie Elektrownie Jądrowe to provide more than PLN4 billion (USD980…

Oil & Gas Trade

Coterra To Buy Permian Shale Assets In $4 Billion Deal

Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billi…

Electric Vehicle Battery

Rivian and VW Finalize Electrical Architecture and Software JV; VW UPS Investment to $5.8B

Rivian and Volkswagen have finalized their joint venture, Rivian and Volkswagen Group Technologies. VW will invest up to $5.8 billion by 2027, 16% more than the…

Wave Energy

Thames Water Gets Key Creditor Support for Rescue Plan

Thames Water won crucial support from creditors to move forward with its plan to raise £3 billion ($3.8 billion) in emergency funding.Holders of more than…

Oil & Gas Trade

Hilcorp Bags $1b Permian Deal

This move aligns with Exxon’s aggressive shift toward higher-margin shale plays following its recent $60 billion acquisition of Pioneer Natural Resources.…

Oil & Gas Trade

Exxon, Eni Award EPC, FEED Contracts To Revive Mozambique’s LNG Ambitions

While liquefied natural gas (LNG) projects in Mozambique seem to have stalled since TotalEnergies declared force majeure in April 2021 on its $20-billion Mozamb…

Carbon Emissions

Fossil Fuel CO2 Emissions Increase Again in 2024

Global carbon emissions from fossil fuels have reached a record high in 2024, according to new research by the Global Carbon Project science team.The 2024 Globa…

Power Construction

Duke Energy Misses Expectations As Storms Hit Earnings

Power and gas utility Duke Energy Corp. has reported $1.24 billion in adjusted net income for the third quarter, down from $1.49 billion for the same three-mont…

Wind Farm

Octopus Energy Surpasses $2 Billion Offshore Wind Investment in 2 Years

Octopus Energy’s generation arm surpasses $2 billion of offshore wind investments in two years, as it accelerates the roll-out of offshore wind globally.L…

Wind Turbine

Iberdrola Seals a Wind Energy Agreement Worth More Than 1 Billion Euros With Siemens Gamesa in the United Kingdom

Huge boost for UK manufacturing, with blades for the 64 wind turbines to be manufactured in Siemens Gamesa’s Hull factory, which provides 1,300 local jobs…

Offshore Wind Power

Siemens Gamesa Bags GBP 1 Billion Turbine Contract for East Anglia Two

ScottishPower has awarded Siemens Gamesa a turbine contract worth more than GBP 1 billion for its 960 MW East Anglia Two offshore wind farm in the UK.Under the …

EV Market

Yole Group: Electrification and Autonomy Will Boost Semiconductor Content to $1,000 per Car by 2029

The automotive semiconductor market is expecting a significant CAGR of 11% between 2023 and 2029 to almost $100 billion at the end of the period. Semiconductor …

Solar Power Plant

World’s Second-Largest Solar Plant Goes Online in China

CHN Energy has connected the 3 GW Mengxi Lanhai solar facility to the grid after 14 months of construction. The project in Ordos, Inner Mongolia, required a tot…

Green Hydrogen

Air Products Pulls Out of Green Hydrogen JV Project in Texas

Image by: Det Norske Veritas (DNV).US industrial gases company Air Products (NYSE:APD) has given up on a USD-4.5-billion (EUR 4.2bn) green hydrogen joint ventur…