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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. …

United States

U.S. Vice President Harris Announces $20 Million New Clean Energy Funding for Mekong Region

U.S Vice President Kamala Harris announced $20 million in new funding for clean energy projects in the Mekong region, during the last day of her tour of Thailan…

Offshore Wind Power

Equinor and bp Unveil $5M Offshore Wind Ecosystem Fund in New York

The two energy giants are developing the Empire Wind and Beacon Wind projects, which will generate enough renewable energy to power more than two million New Yo…

Italy

New Italian Government’s Budget to Boost Spending to Fight Energy Crisis

Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…

COP27 Draft Climate Deal Published but Gaps Remain

The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal count…

Energy Storage System

A Breakthrough for Next-Generation Lithium-Free Energy Storage Systems

Battery energy storage systems can be used to store and discharge energy as and when needed, which can provide backup power, balance the electric grid, improve …

Clean Energy Industries Form Alliance at COP27

Global industry organisations representing wind, solar, hydropower, green hydrogen, long duration energy storage (LDES) and geothermal energy industries have of…

Net Zero Emission

First UK Deployment of Pioneering Net Zero Technology in Scotland

WORLD-LEADING decarbonisation technology will be deployed in the UK for the first time as part of a collaboration between climate tech company Levidian and solu…

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.