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Economy
United States
U.S. Power Use to Reach Record High in 2022 as Economy Grows, EIA Says
U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy O…
Shell Completes Acquisition of Renewable Platform Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited, and with …
EU
EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…
Australia
Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…
Baker Hughes Acquires Power Generation Division of Brush Group
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners.
United States
U.S. Senate Passes Inflation Reduction Act to Energy Industry Applause
The clean energy industry celebrated a moment on August 7, 2022, that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure …
Wind Turbine
Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 20…
Carbon Emissions
U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more…
Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Energy Transition
Masdar Signs Agreement With Tanzanian Utility for Renewable Energy Projects
Abu Dhabi's clean energy company setting up joint venture with Tanesco in Tanzania to develop projects with combined capacity of two gigawatts
Hydrogen Production
NFE Enters Agreement with Plug Power for Green Hydrogen Plant
New Fortress Energy (NFE) has announced that it has entered an agreement with Plug Power Inc (Plug), a provider of turnkey hydrogen solutions for the global gre…
Getech Secures Contract for Geoscience Platform
Getech has signed a US$1.1 million multi-year contract with an international energy company for its Globe platform and launched the next generation of this tool…
Energy Investment
Biden Administration to Invest Us$26 Million in Renewable Grid Demonstration Projects
US President Joe Biden has launched a US$26 million-funded project that will demonstrate the US electricity grid can reliably run entirely on renewables and ene…
Energy Investment
Investment in Renewables Hits Record $226BN Despite Supply Chain Woes
Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.
Adani Green Energy’s Cash Profit up 48% YoY to $86M in Q1 FY23
Its operational capacity rose 65% YoY to 5,800MW.
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