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Economy
CCS
Carbon Capture Company Raises $150M
A company aiming to deliver gigatonne scale industrial decarbonisation by the mid-2030s has raised $150m in its latest funding round.
CCS
New Carbon Capture Project Could Give UK Economy £1.2Bn Boost
SSE Thermal and Equinor are working together on the Peterhead power station.
Offshore Wind Power
Ørsted and TotalEnergies Partner on Dutch Offshore Wind Tenders
Danish renewables company Ørsted and energy company TotalEnergies have jointly submitted bids for the two Dutch offshore wind tenders for Holland Coast West. …
Casino Says it Plans to Sell Renewable Energy Unit
French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the…
Wind Farm
Onshore Wind Contributes £106M in Rates to Scotland’s Economy, Industry Says
Scottish Renewables said the figure shows the benefits of wind farms are not just environmental.
Electrification
Massive Copper Supply Required for Electrification of Global Economy
More than 700 million mt of copper will need to be mined in the next 22 years to maintain 3.5% GDP growth without taking into account the electrification of the…
Energy Security
Russia Slaps Sanctions on Western Energy Firms
Moscow has imposed sanctions on more than 30 EU, US and Singaporean energy companies in a retaliatory move following western penalties imposed on Russian.
Net Zero Emission
Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution
DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Buildi…
Solar Power Plant
Acwa Power Selected as Preferred Bidder to Develop Solar Projects in Indonesia
The company plans to develop two floating photovoltaic plants in the biggest South-East Asian economy.
Offshore Wind Power
UK Oil and Gas Firms to Put £250Bn into Low Carbon Energy by 2030
New analysis has uncovered how spending may look for these companies in the next decade.
Solar Power Panel
US Agrivoltaics Benefit From Government Funding Boost
The U.S. Department of Energy Solar Energy Technologies Office announced the Foundational Agrivoltaic Research for Megawatt Scale funding opportunity.
Wind Turbine
GE Renewable Energy Buys Minority Stake in 3D Printing Firm
COBOD has provided GE Renewable Energy with a 3D concrete printer to use at its new R&D facility in New York.
Electrification
$15.5M Investment into Zambia’s First Renewable Energy Buyer
InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Afric…
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
Net Zero Emission
Bp to Invest £18 Billion in UK Energy System by 2030
bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to…
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