Economy

Energy Technology

Canada Invests $25m in Carbon Capture Technology Company

Global governments are increasingly realising the role that carbon capture technology can play in meeting sustainability goals, evidenced by the Canadian govern…

Russelectric, A Siemens Business, Highlights Utility Paralleling Systems for Renewable Energy Installation

Ensures no interruption of critical loads when transferring between power source assets

Energy Investment

Eni to Buy 315-MW Wind Portfolio in Italy

Italian oil and gas group Eni SpA will fully acquire a 315-MW operational wind portfolio in Italy from UK fund manager Glennmont Partners and Dutch pension fund…

Energy Investment

Norway to Invest in Renewable Projects in Developing Countries

Norway is investing in a fund that aims to reduce greenhouse gas emissions in developing countries.

Energy Investment

Alfanar Acquires Wind Turbine Manufacturer Senvion India

Saudi Arabian energy company Alfanar has acquired wind turbine manufacturer Senvion India from Senvion, marking its entry into India’s energy market.

Solar Power Plant

AFRICA: Rolls-Royce Invests in Kowry Energy’s Off-Grid Solar Systems

Rolls-Royce Power Systems has invested in Kowry Energy. The German start-up finances and builds decentralised solar systems with storage for commercial customer…

Energy Investment

Saudi Arabian Solar: How the State has Invested in Overseas Solar Projects

ACWA Power has invested in some of the world’s largest solar projects, including the Redstone facility and the Kom Ombo plant.

Solar Company

Heliogen to Become Publicly Traded in Athena Technology Merger

Once the merger deal with Heliogen is completed, Athena is expected to be renamed Heliogen.

Oil Refinery

Shell Announces Sale of Schwedt Refinery Stake

Shell has agreed to sell its 37.5pc stake in the 208,000 b/d Schwedt refinery in northeast Germany to Austria-based firm Alcmene for an undisclosed sum as part …

Oil Price

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s…

Electric Car

South Korea’s Battery Exports to the United States on the Increase

The United States is increasing its electric vehicle battery imports at a rapid pace, as the supply from U.S. electric vehicle battery manufacturers is still in…

Energy Storage Project

GLIL Invests £150m in UK Utility, Energy Storage Infrastructure Firm

GLIL Infrastructure, the fund backed by a number of UK local government pension schemes, has invested £150m in specialist utility and energy storage infrastruc…

Energy Storage Battery

Eos Energy Enterprises Gets $100M Investment from Koch

A next-generation zinc battery manufacturer whose factory is in Pittsburgh has received a $100 million investment from a Koch Investments Group subsidiary to he…

Hydrogen Project

Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe

Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen eco…

LNG

Mexico to Create State-Owned LPG Company

Mexico is working to create a state-owned company that will distribute LPG at a "fair price" using state-owned Pemex supply to compete with the private-sector, …