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Oil Price

Oil Prices Drop to Below $80 for First Time Since January on Recession Fears

US Energy Information Administration expects global oil inventories to fall by 200,000 barrels per day in the first half of 2023.

Electric Car

How Rising Battery Prices Could Derail Arrival of Affordable EVs

Surging costs of materials including cobalt, nickel and lithium are driving increase.

Carbon Emissions

The UK Company Unlocking the Immense Power of Carbon Waste

As COP27 closed there was a clear understanding that there is no silver bullet to tackle climate change and a wide range of solutions are required to help manag…

Coal-Fired Power Plants

Co-firing With Ammonia Project Set for Chilean Coal Plant

Power generators are exploring how they can retrofit coal-fired power plants to enable co-firing with ammonia, part of their strategy to reduce emissions of car…

SMR

Small Modular Reactors Aren’t Difficult Nuclear Waste Generators

Many experts believe small modular reactors (SMRs), which are generally classified as nuclear power reactors with an electrical output of 300 MW or less, offer …

Energy Transition

Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln

Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…

United Kingdom

Octopus Energy Takeover of Collapsed UK Rival Bulb Faces Legal Challenge

The British government’s decision to approve collapsed energy supplier Bulb’s acquisition by Octopus Energy faces a legal challenge from rival suppliers in ea…

Natural Gas

ICE Warns EU Gas Price Cap Could See Prices Rise

An exchanges operator has warned the European Union that its proposal to cap gas prices would make it more likely that prices rise to hit the cap.

Energy Investment

Losses May Force Japanese, S. Korean Utilities to Delay Green Investment

South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…

LNG

U.S., Britain Launch Energy Partnership to Boost Supplies

The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain …

United States

U.S. Power Use to Hit Record in 2022 on Economic Growth, Hotter Weather -EIA

U.S. power consumption will rise to a record high in 2022 because of increasing economic activity and hotter summer weather, the U.S. Energy Information Adminis…

Indonesia

Indonesia Govt to Create a Mechanism for Rollout of B35 Biodiesel Policy

Indonesia's president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday.

Wind Farm

UK Government to Ease Ban on Onshore Wind Farms to Head Off Revolt

British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's l…

Offshore Wind Power

California Offshore Wind Sale Ends First Day With $400 Mln in High Bids

The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies…

Pumped Storage

‘Geomechanical Pumped Storage’ Startup Quidnet Gets Us$10 Million ARPA-E Funding

Quidnet, a company developing a proprietary mechanical energy storage technology, has been selected to receive funding from the US Advanced Research Projects Ag…