Economy

Natural Gas

EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms

Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices

Octopus Raises $550M in Latest Fundraising Round

The energy supplier plans to use the money to further improve its energy technology platform, Kraken

Oil Price

Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink

IMF slashes global GDP growth forecasts for this year, to 3.2%.

Spain

Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain

The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one millio…

Ørsted to Acquire Wind and Solar PV Developer Ostwind

Ostwind’s portfolio includes 152MW in operation and under construction and around 526MW in advanced development stages.

Finland

Neoen and Prokon Sign Second PPA With Equinix

Neoen and Prokon have announced the signing of a new power purchase agreement (PPA) with Equinix to provide at least 42 MW of green energy in Finland.

Hydrogen Technology

The Key Technology Behind the Green Hydrogen Economy

The key to the green hydrogen economy is a little-known machine with a name out of 1950s sci-fi — the electrolyser.

Record Profits Could Convince Oil Majors to Hike Dividends

Strong up-and-downstream performance make for strong big oil earnings expectations.

The Future Is Bright for Artificial Intelligence in the Middle East

Several nations are embracing AI to diversify and bolster their economies.

United Kingdom

Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances

Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances

United Kingdom

Anglo-German Interconnector Project Reaches Financial Close

The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.

Germany

German Government to Acquire 30% of Uniper

The energy major has signed a €15bn bailout deal.

TES Completes Green Energy Fundraising Round

Tree Energy Solutions (TES), a world scale green hydrogen company with a mission to deliver on a net zero future by decarbonising the energy chain, has announce…

Amazon Announces $20,000 Green Grant for Sustainable Retailers

E-commerce giant is awarding US green retailers $20,000 grants to promote the adoption of sustainable practices

United Kingdom

ZeroAvia Attracts $30MN in New Funding

New investment from Barclays, NEOM, AENU and IAG will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development program.