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Czech Republic

Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan

The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…

Crude Oil

EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials

The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects

SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…

Smart Grid

Duke Energy and AWS Partner up on Smart Grid Solutions

Duke Energy and Amazon Web Services (AWS), are entering a multiyear strategic collaboration to accelerate the utility’s development of smart grid solutions, in…

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Energy Transition

ADB Sees ‘Significant Progress' in Energy Transition Mechanism

The ETM was launched at COP26 last year.

Jordan

Masdar to Develop 2GW Renewables in Jordan

Jordan seeks to increase its share of renewable energy to 50% by 2030.

Net Zero Emission

U.S. Aims for Zero-Emissions Heavy-Duty Vehicles by 2040

The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S. energy s…

Electric Car

New G20 Irritant for Biden: Restrictive U.S. Electric Vehicle Tax Subsidies

Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia's ambitious energ…

Energy Storage System

Australia’s Largest-Ever 1,200MW Battery Storage System to Be Built in Melbourne

Construction for the largest Battery Energy Storage System (BESS) ever deployed in the Asia-Pacific will begin in Melbourne, eventually supporting up to 1,200MW…

LNG

LNG Exports Drive Expansion of North American Natural Gas Market, Adding 29 Bcfd of Production by 2033

LNG exports nearly triple over next decade, Inflation Reduction Act to boost gas demand in the long term.

Energy Transition

The Energy Transition Will Fail Unless Industry Fixes Wind Power Issues, Siemens Energy CEO Says

Siemens Energy says its “overall performance” has been “held back by the negative development at Siemens Gamesa Renewable Energy,” a wind turbine manufactur…

Net Zero Emission

COWI to Support Equinor’s Energy Transition

To fulfil the Paris Agreement and become carbon-neutral by 2050, the world has started a decisive global transition to low carbon and renewable energy, with off…

United States

NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and …