Cit

E.ON’s Leonhard Birnbaum Takes the Reigns at Eurelectric

Leonhard Birnbaum, CEO and chairman of the Board Management of E.ON, has been appointed acting president of Eurelectric, federation of the European electricity …

Electricity Transmission

US Sets the Stage With $13BN Grid Modernisation Programmes

Washington has announced $13 billion in financing opportunities for the expansion and modernisation of the US electric grid.

Energy Transition

COP27 Reaches Key Deal on “Loss and Damage” Funds for Nations Vulnerable to Climate Change

Final COP27 document seen as offering tacit support for natural gas and blue hydrogen amid warnings that energy transition is falling behind Paris objectives. …

France

France Spends 8.4 Billion Euros to Help Companies With Energy Bills

France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

Energy Storage Project

US Long-Duration Energy Storage Demos to Receive $350M Funding

Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.

Electrical Grid Health Key Tool to Decarbonise Cities – WEF

The World Economic Forum (WEF), in partnership with four global organisations, is launching the Toolbox of Solutions to drive urban decarbonisation.

Net Zero Emission

Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals

Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…

Energy Transition

Just Transition Support Platform for Developing Countries Launched

This forms part of the ADB’s commitment to ensure build capacity of developing countries.

Crude Oil

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …

South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

Net Zero Emission

Indonesia’s PLN Enters Agreement With Amazon for 210MW Solar Projects

State-owned electricity firm PT PLN (Persero) signed an agreement with Amazon for the development of 210 megawatts (MW) of solar projects, the generated power o…

Hydrogen Project

World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27

The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …

Wind Turbine

Siemens Energy Won’t Pay Dividend as Siemens Gamesa Challenges Weigh

Siemens Energy on Wednesday said it would not pay a dividend for 2022, citing a widening net loss and challenges related to its struggling wind turbine division…