Ea

South Korea

Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy

Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…

Electric Vehicle Battery

South Korean EV Battery Makers Losing Market Share to CATL and BYD

The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.

Net Zero Emission

Global Leaders get Real about Net Zero Goals at IEA Summit

Top international energy and climate leaders from more than 40 countries took part in the IEA-COP26 Net Zero Summit to identify how to work together to reduce g…

Oil Price

Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply

The group will increase output by 250,000 bpd in May

Oil&Gas Drilling

ExxonMobil Nearly Ready to Start up Guyana FPSO Compressor

Oil major ExxonMobil is preparing to start up a gas compressor on SBM Offshore’s Liza Destiny FPSO, operating offshore Guyana, this week following a technical …

Electricity Transmission

NextEra Energy Transmission acquires GridLiance for $660m

US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Black…

O＆M

Reliance Bangladesh Signs GE for 718MW Plant O&M

General Electric will provide maintenance and digital solutions for a 718MW Bangladeshi combined cycle power plant that will run natural gas-fired and steam tur…

LNG

Korean GS Energy to Build LNG Power Plants in Vietnam

The two power plants are estimated to be completed by 2026 and 2027.

Electricity Transmission

Spain is Power Exporter to France for Third Quarter

Spain ended as a net power exporter to France for the third quarter in a row — something that had happened only once before in the past 20 years — in what may…

Solar Technology

German Researchers Couple PV to High-Voltage System to Extend EV Range

A group of German researchers and companies are working on a project to extend the range of a solar-powered light delivery electric vehicle by feeding the energ…

Paris Climate Agreement

Companies Net Zero Action Plans could be too Little too Late

More than half of companies are not transitioning fast enough, leaving them in danger of missing the Paris Agreement target of net-zero carbon emissions by 2050…

Energy Transition

Japan to Speed up Investment in Energy Transition

The Japanese government is working on domestic guidelines for local financial institutions providing climate transition finance, as part of efforts to create an…

Oil Refinery

Indonesia’s Cilacap Refinery to Raise Output After Fire

Indonesian state-owned refiner Pertamina will increase gasoline production at its largest refinery, the 348,000 b/d Cilacap plant, to help meet a shortfall caus…

Market Analysis

EIA and FERC Reports Confirm: In 2020, Nuclear Power was Trounced by Renewable Energy, Which Provided

Several reports recently released by the U.S. Energy Information Administration and Federal Energy Regulatory Commission confirm that the mix of renewable energ…

Russian Federation

Russia Leading the Way in Climate-Related Energy Policy

Russia, the world’s largest country by landmass, has a multi-prong strategy to confront climate change, by further developing its human capital, natural gas, h…