Ea

Targeted RE Capacity Needs to Be Doubled by 2030 to Reach Climate Goals

Total capacity needs to reach 10.8TW from the current target of 5.4TW.

Nuclear Reactor

Japan, US Governments Asked to Beef up Nuclear Energy Dev't

The JAIF and NEI asked the two governments to improve the energy market and regulation.

South Korea

South Korea, Saudi Arabia Eye Continued Cooperation for Energy Supply Chain

The two markets aim to collaborate on oil and hydrogen.

Cold Climate Heat Pump Tech Developed for Heating Efficiency Below Zero

Cold climate heat pump tech is being developed by Trane Technologies in the US to ensure high-efficiency heating in freezing temperatures.The Systems Extreme En…

Smart Grid

EIB and Endesa Sign €250mn Smart Grid Credit Line

Endesa and the European Investment Bank (EIB) have signed a €250 million ($249.8 million) smart grid credit line to boost Spain’s distribution network.

Carbon Emissions

COP27 Kicks off With Deal to Discuss Climate Compensation

Move to formally discuss issue followed late-night talks.

SMR

Fortum and MIT Launch SMR Cost Estimation Tool

Finnish energy company Fortum has collaborated with MIT to launch a Nuclear Cost Estimation Tool (NCET) that enables more precise cost estimation and risk asses…

Carbon Emissions

Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince

Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…

United Kingdom

University of Manchester and National Grid Develop SF6-Free Retrofill Solution

National Grid and the University of Manchester are to collaborate on a four-year project to develop a full-scale demonstrator at the Deeside Centre for Innovati…

Carbon Pricing

IMF Chief Says $75/Ton Carbon Price Needed by 2030

The price of carbon needs to average at least $75 a ton globally by the end of the decade for global climate goals to succeed.

Floating Offshore Wind

Oil Firm Equinor Looks to Celtic Sea for Floating Wind Development

Norwegian oil and gas major Equinor on Monday said it was interested in developing a "gigawatt scale" floating offshore wind project off the coast of Britain i…

Nuclear Power Plant

Finland's OL3 Nuclear Reactor Remains Offline as Probe Continues

Investigation is still ongoing of cracks recently discovered in feedwater pumps at Finland's Olkiluoto 3 (OL3) nuclear reactor.

Nuclear Power Plant

Czech Govt Proposal for Revenue Cap on Power Producers Hits Nuclear Hardest

The Czech industry ministry has proposed a cap on power producers' revenue ranging from 70 to 230 euros per megawatt hour, depending on the source.

Carbon Emissions

DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…

Net Zero Emission

Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand

Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…