Business

South Korea

South Korea: Hyundai Oilbank Sells Storage Terminal Business

Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.

Transformer

GE to Supply 13 Transformers to Rajasthan Solar Project

GE Renewable Energy’s Grid Solutions business has been awarded multiple orders to supply 765 kV transformers and reactors in India.

Coal Mine

NZ Importing Record Amount of Coal to Power Homes and Businesses

New Zealand is likely to import more coal this year than it has in any other year, in the midst of a government-declared climate emergency.

Solar Technology

REC Silicon Progressing Towards 2023 Moses Lake Restart as Biden Policy Agenda Adds Weight to Business Case

REC Silicon said it is continuing to work towards a restart of operations at its Moses Lake polysilicon production facility in the US, with the company buoyed b…

Energy Transition

BHP Considering Exiting Oil and Gas Business

Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels.

Tidal Energy

Anglesey Tidal Energy Project in Line for £9 million Funding Boost

The Morlais tidal stream energy project has taken a significant step forward following approval of its outline business case by the North Wales Economic Ambitio…

Solar Power Plant

Ceat Ties up with Tata Power to Set up Captive Solar Plant for Mumbai Facility

"Through TP Akkalkot, we aim to continue to build a robust renewables portfolio and expand our horizons in the captive power generation sector," said Ravinder S…

Russelectric, A Siemens Business, Highlights Utility Paralleling Systems for Renewable Energy Installation

Ensures no interruption of critical loads when transferring between power source assets

Carbon Neutral

China, EU Businesses Launch Initiative to Support Carbon-Neutrality Commitments

Representatives from the business sector launched on Thursday an initiative to support the commitments of China and the European Union to green and sustainable …

Energy Storage System

Egco Keen on Energy Storage Opportunity

SET-listed Electricity Generating Plc, a subsidiary of the state-run Electricity Generating Authority of Thailand, will venture into the energy storage system b…

LNG Carrier

Hyundai Heavy Industries Attains 94% of Order Intake Goal for 2021

Korea Shipbuilding & Offshore Engineering, an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94…

Nuclear Power Plant

Iranian Nuclear Power Plant Back in Business

Iran's sole nuclear power plant is back online following an emergency shutdown two weeks ago.

Electric Car

LG Magna e-Powertrain to Start Business in July

LG Magna e-Powertrain, a joint venture between LG Electronics of Korea and Magna International of Canada, has jumped into the electric vehicle motor powertrain …

Hydrogen Project

SK Group Aiming to Become World's No. 1 Hydrogen Player

SK Group has set up a blueprint for a hydrogen economy. Its goal is to invest about 18 trillion won over the next five years and become the world's No. 1 hydrog…

Hybrid Power Plant

Gransolar Group Awarded Contract for Australian Hybrid Project

Grupo Gransolar, an international business group in the development, construction, and supply of photovoltaic plant components, has been awarded the sole contra…