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Nuclear Power Plant (NPP)

New Candu Design Could Boost Canadian GDP, Report Finds

Construction of a four-unit Candu Monark plant would boost Canada's GDP by more than CAD90 billion (USD66 billion) and create thousands of jobs over the pro…

Natural Gas

Qatar Energy 2023 Profit Drops 32% as Gas Prices Cool

Qatar Energy on Tuesday reported 101.9 billion riyals ($27.96 billion) in net profit for 2023, down 32% from 2022 when gas prices surged following Russia's …

Net Zero

EU Backs 650-Billion-Euro Plan to Help Cities Reach Net Zero by 2030

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo Purchase Licensing Ri…

Renewable Energy

India's Adani Group to Increase Capex to $15.6 Bln in Fiscal 2025, CFO Says

Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to 1.3 trillion rupees ($15.6 billion) from 700 billion ru…

Hydrogen Project

EU Okays €3 Billion German Scheme in Support of Hydrogen Network Project

The European Commission (EC) has approved, under European Union (EU) State aid rules, an estimated €3 billion German scheme to support the construction of …

Photovoltaic （PV）

Masdar Buys Out Greece's Terna Energy in €3.2 Billion Deal

Masdar, a renewables developer based in Abu Dhabi, has agreed to acquire a majority stake in Greek energy company Gek Terna.Masdar said in a press release that …

Solar Power Plant

JSW Energy Stock Hits New All-Time High as Subsidiary Wins 300 MW Wind-Solar Hybrid Project

The company's net generation increased by 27% year-on-year (YoY) to 27.9 billion units (BUs) in FY24, driven by higher renewable energy and thermal power ge…

Oil & Gas Trade

Oil Majors Commit $127B to Latin America's Untapped Reserves

Amid the shifting energy landscape, international oil majors have committed a significant $127 billion to Latin America.Collectively, they plan to invest this a…

Offshore Wind Power

Totalenergies, Enbw Win in $3.2 Billion Offshore Wind Site Auction

The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, …

Hydrogen Production

EU Approves $3.2 Bln in German Hydrogen Pipeline Support

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo Purchase Licensing Ri…

Electric Vehicle Battery

BMW Cancels $2 Billion Battery Cell Order From Northvolt

German automaker BMW said today that it has canceled a €2 billion ($2.15 billion) order for EV battery cells with Northvolt.German media Handelsblatt and m…

LNG

Malaysia's Genting Signs $1.3 Billion Deal for Floating LNG Facility With Chinese Firm

(From left) Genting COO Tan Kong Han, Genting chairman and CEO Lim Kok Thay and Wison chairman Liu Hongjun at the press conference. PHOTO: THE BUSINESS TIMESGen…

Offshore Substation

European Offshore Wind Substations to Require USD 20 Billion Investment by 2030, Rystad Energy Says

According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estima…

Energy Storage Project

Octopus Energy to Bring Tesla Powerhouse Perks to Customers

The partnership will help customers unlock cheaper energy bills. Image: Tesla.Energy supplier Octopus Energy has partnered with battery giant Tesla to integrate…

LNG

Qatarenergy, Exxon Seek to Remove Contractor From Texas Gas Project

The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File PhotoOwne…