Economy

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…

Shell Buys Sprng Energy Group for US$1.55Bn

Shell believes its purchase of Sprng Energy Group will enable it to become a leader across the power value chain in the rapidly growing India market.

Carbon Emissions

Investing in China’s Sustainable Finance Boom

China is the world’s largest economy in purchasing power parity, the world’s largest annual emitter of greenhouse gas emissions and the world’s largest renew…

LNG

TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit

French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG…

Hydrogen Production

Will Green Hydrogen Power Our Future?

The hydrogen revolution will accelerate the transition to a green economy, bringing the end of the fossil fuel age closer.

United Kingdom

UK Power Networks Unveils New Flexibility Tender

The tendering process will be for 292MW of power across 113 sites in London, the East and the South East of England.