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Economy
South Korea
Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy
Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…
Electric Vehicle Battery
South Korean EV Battery Makers Losing Market Share to CATL and BYD
The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.
Electricity Transmission
NextEra Energy Transmission acquires GridLiance for $660m
US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Black…
China
Sinochem, ChemChina Merger Finally Wins Approval
Chinese state-owned firms Sinochem and ChemChina have finally received merger approval from the SASAC, kicking off a long-awaited consolidation of the two compa…
Solar Company
GCL-Poly, GNE to Sell 790 MW of Chinese Solar Plants to Cut Debt
Chinese polysilicon maker GCL-Poly Energy Holdings Ltd and its troubled solar plants operating unit GCL New Energy Holdings Ltd, or GNE, are preparing to sell i…
Energy Transition
Japan to Speed up Investment in Energy Transition
The Japanese government is working on domestic guidelines for local financial institutions providing climate transition finance, as part of efforts to create an…
Hydropower Plant
ADB Approves Loan for Hydro Construction in Pakistan
A 300MW hydropower plant to be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province, Pakistan, is to receive a $300 million from the Asian…
Solar Technology
RES Targets Solar Surge with 1GW Pipeline
Developer has a total of 23 new projects in UK and Ireland ranging from 12MW to 120MW
Hydrogen Project
Lightsource BP Joins Welsh Project to Expand Hydrogen Economy
Lightsource bp has announced participation in the South Wales Industrial Cluster deployment project, which has secured funding of nearly £20 million from UK Re…
Energy Investment
Saga Pure Takes 33% Stake in Liquid Hydrogen Storage Technology Company
Following the private placement, Saga will have an ownership of approximately 33% in the company.
Octopus Energy Group to Acquire Sister Company Octopus Renewables
UK-based Octopus Energy Group has announced plans to acquire its sister company Octopus Renewables.
SINOPEC
China's Sinopec Raises 2021 Capital Expenditure by 23.8%
Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on shale gas development in southwest China and construction of liquefied natural ga…
Crude Oil
Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets
onday start for contracts for future delivery of UAE's flagship crude listed on international commodities exchange at ADGM
United States
Apple to Generate 1.2GW from 2020 Green Bond Projects
American multinational technology company Apple has announced that it will generate 1.2GW of renewable energy capacity from the green bonds the firm issued in 2…
Liquid Hydrogen
Saga Pure Invests $3.5m in Liquid Hydrogen Storage Technology Company
Saga Pure is to take a 33% stake in IC Technologies, a company developing a novel storage solution for liquid hydrogen and liquified natural gas.
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