Der

Energy Transition

Global Leaders Commit to Accelerate Transition to Clean Energy by 2030

The required investment represents only a small fraction of the multi-trillion-dollar global energy investment needed overall, but will bring huge benefits to o…

Hydrogen Production

Svevind Sign MoU for Green Hydrogen Production Mega-Project in Kazakhstan

Svevind and Kazakh Invest National Company have signed a memorandum of understanding to plan and develop mega-scale green hydrogen production facilities in Kaza…

Market Analysis

Consumers Energy to Quit Coal by 2025, Speeding Closure of Five Units

Michigan’s largest energy provider Consumers Energy will stop using coal as a fuel source for power generation within the next four years—15 years earlier tha…

Hydrogen Project

Howden Signs Green Hydrogen Agreement with Nel

Global provider of mission critical air and gas handling products, technologies and services, Howden, has signed a framework agreement with Nel Hydrogen Electro…

Crude Oil

Opec+ Leaves 500,000 b/d August Output Rise on Table

Shrinking OECD inventories and rising global crude prices could lead the Opec+ coalition to consider a 500,000 b/d production rise when it irons out its August …

Net Zero Emission

Rio Tinto, Schneider Electric partner to drive decarbonization

Rio Tinto, a leading global mining and metals company, and Schneider Electric signed a memorandum of understanding for a collaboration to develop a circular and…

Nuclear Power Plant

Rosatom’s Angarsk Facility Wins Contract for Decommissioning Projects

The work will be carried out within the framework of the Federal Target Programme “Ensuring Nuclear and Radiation Safety for 2016-2020 and for the Period until…

Offshore Wind Power

Vestas Wins Offshore Wind Energy Order for Arcadis Ost 1

Vestas has secured a firm order for wind turbines for Parkwind’s 257 MW Arcadis Ost 1 offshore wind farm, to deliver 27 V174-9.5 MW turbines 19 km northeast of…

Net Zero Emission

UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050

One of OPEC’s largest producers, the United Arab Emirates, is considering the potential adoption of a net-zero by 2050 goal

Energy Storage Battery

Plans Unveiled for Netherlands’ Largest Battery

The 24 MW/48 MWh system is being built by Dutch storage system provider Giga Storage and utility Eneco. The battery will be used by Eneco for forecasting supply…

Energy Storage Battery

Zenobe to Begin Construction on 100MW/107MWh Battery Following Santander Financing

Battery storage firm Zenobe has announced it is to start construction on its 100MW/107MWh battery at Capenhurst, near Chester.

Oil Price

Russian Domestic Oil Prices Soar to All-Time High

Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earl…

CCS

Iowa Establishes Carbon Sequestration Task Force

Iowa Gov. Kim Reynolds on June 22 signed an executive order to establish a carbon sequestration task force.

Net Zero Emission

Schlumberger Commits to Reaching Net-Zero by 2050

Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas emissions by 2050.

Nuclear Power Plant

Cooperation with the U.S. May Hinder Korea's Nuclear Power Plant Exports

South Korean President Moon Jae-in and U.S. President Joe Biden had their first summit and released a joint statement on May 21.