Economy

Hydrogen Fuel Cell

SK Group Invests $1.5bn in Hydrogen Fuel Cell Firm Plug Power

South Korean company SK Group has agreed to invest $1.5bn in US-based hydrogen fuel cell solutions provider Plug Power, forming a new strategic partnership.

Hydropower Plant

DORE’s First Investment Since IPO Involves Eight Swedish Hydropower Plants

Downing Renewables & Infrastructure Trust plc has exchanged contracts to acquire its first investment, a portfolio of eight operational hydropower plants in cen…

Wind Farm

EDF Starts Crowdfunding for 14.1MW French Project

EDF Renouvelables has started crowdfunding for the construction of the Telegraph wind farm in Vermenton, Yonne, France.

Energy Investment

Fluence Gets $125 million Energy Storage Investment Boost from Qatar

The Qatar Investment Authority has committed $125 million investment to global energy storage provider Fluence.

Coal-Fired Power Plants

AES to Sell Equity in 1,242MW Coal-Fired Plant in Vietnam

Power company AES Corp has agreed to sell its majority interest in the 1242MW Mong Duong 2 coal-fired power plant in Vietnam.

Energy Investment

China's Investment in Countries Along the Belt and Road Increased by 24.9%

According to data released by the Ministry of Commerce of China, from January to November 2020, China's foreign non-financial direct investment was 659.36 billi…

Hydrogen Fuel Cell

DOE to Invest $6.4M to Develop Hydrogen-Fueled Turbines

The UTSR Program conducts research to increase the efficiency and performance of gas turbines while lowering emissions.

Energy Infrastructure

KOMIPO Wins ‘Construction Project of the Year’ at Global Energy Awards

KOMIPO ’s Seoul Power Headquarters, the world's first large-capacity underground power plant, was chosen for the “Construction Project of the Year” of the 20…

Crude Oil

Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m

The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.

Blockchain

Three Novel Blockchain Projects in the Energy Sector

An auditing system, clean energy loan fraud and biomass traceability are among the novel blockchain use cases currently emerging.

India

Energy Demand Improvement Slows Down in Nov: India Ratings

This was due to the early onset of winters impacting demand from the northern region

China

China Datang and Sinar Mas Held Completion Ceremony of PMU Acquisition

On December 23, China Datang Co., Ltd. and Sinar Mas Group held a video ceremony of PMU acquisition.

Xebec Announces Acquisition of HyGear, Inmatec

Xebec Adsorption Inc. in December announced the launch of its hydrogen strategy with the acquisition of HyGear.

South Korea

South Korea-U.K. FTA About to Take Effect

The Ministry of Trade, Industry and Energy announced on Dec. 30 that the South Korea-U.K. FTA would become effective at 8:00 a.m. Jan. 1.

China

China Datang Buys Stake in Indonesian Power Plants

China Datang Corp has bought a majority stake in PT Dian Swastatika Sentosa’s (DSS) thermal power plants in Indonesia for US$394mil.