Energy

Hydrogen Project

Indian Energy Giants Plan 1.3GW Green Hydrogen Project Powered by 24/7 Renewables in $6BN Deal

Plant would use 6-7GW of wind and solar to produce one million tonnes of green ammonia annually.

Renewable Power Added in 2021 Saves $55BN From Global Energy Generation Costs in 2022 – IRENA

Almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20.

Oil Price

South Africa Authorities to Cut Fuel Pump Prices From Wednesday

South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices since the Ukraine w…

Natural Gas

Australia’s East Coast May Face Gas Shortfall Next Year, Watchdog Warns

Australia's competition watchdog urged the federal government on Monday to consider curbing gas exports, warning its east coast could face a major shortfall nex…

Oil Field

Green Light From TotalEnergies for Oil Project off Angola

France-headquartered energy giant TotalEnergies has taken a final investment decision (FID) to develop an oil development project located offshore Angola.

Energy Transition

Green Hydrogen Can Help Latin America’s Energy Transition

Amid the energy transition, Latin American countries are investing in hydrogen.

Electric Vehicle Charging

Vattenfall and Netto Germany Cooperate on Charging Infrastructure for Electric Mobility

Vattenfall and the grocery discounter Netto will cooperate in setting up fast charging stations in Germany.

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom

Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…

China

China, US to Account for 75% of Global Energy Storage Demand

Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.

Nuclear Reactor

DOE Formalises Test Reactor Decision

The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reacto…

SMR

Last Energy Agrees to Build Ten SMRs for Polish Industrial Zone

US small modular reactor (SMR) developer Last Energy has signed a Letter of Intent with Poland's Legnica Special Economic Zone (LSEZ) and DB Energy on the const…

Electric Car

Iberdrola and bp Invest €1B in EV Infrastructure and Green Hydrogen

Iberdrola and bp have announced a strategic collaboration to expand fast EV public charging infrastructure, support the adoption of electric vehicles and develo…

Gas Turbine

GE Gas Power Awarded $4.2M to Boost Gas Turbine Efficiency

GE Gas Power has secured $4.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to advance development …

United States

US Senate Gives Green Light to Landmark Climate Deal

In a head-snapping reversal, Sen. Joe Manchin (D-WV) said July 27 that he had reached a deal with Majority Leader Chuck Schumer on a budget reconciliation packa…

Ireland

Ireland Demonstrates Crucial Role of Storage to Balance Grid

Renewable energy company Statkraft has participated in its largest dispatch to date of power from battery storage into Ireland’s electricity market.