Energy

Energy Transition

Sky-High Prices ‘Could Speed up Energy Transition’

Governments need to take more measures to address the energy crisis, new survey finds.

Oil & Gas Trade

Shell’s Profit Soars on Higher Oil and Gas Prices

Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…

Hydropower Plant

World’s Second-Largest Hydropower Plant Set for 14-Year Upgrade After Deal with GE

GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 gigawatt Itaipu hydropower plant, a vast facility straddling the border betw…

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…

Geothermal Power Plant

Exergy Intl and STRABAG to Closely Cooperate on Geothermal Energy

Italian ORC supplier Exergy International and German STRABAG Umwelttechnik have agreed on a close partnership on geothermal energy development.

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…

Solar Cell

Chinese and Turkish Contractors Build Largest PV Park in RO for Israeli Econergy

Turkish INTEC Energy Solutions and the Chinese CHINT Solar announced that they would work together to develop a 154 MWp photovoltaic plant.

Nigeria

Nigerian Solar Energy Provider Reaches $20M Refinancing Agreement

Nigeria-based solar energy provider Starsight Energy announced the conclusion of a competitive local currency refinancing agreement with Chapel Hill Denham Nige…

Gas Turbine

Siemens Energy Sells 100th H-Class Gas Turbine—Fleet Exceeds 2.5 Million Operating Hours

In late March, Siemens Energy announced separate agreements with Guangdong Energy Group Co. Ltd. and Shenzhen Energy Group Co. Ltd., in which the gas turbine gi…

Wind Turbine

Ørsted Turns Offshore Wind Turbine Foundations into Coral Havens

​Danish energy company Ørsted is planning to support coral reefs by growing corals on offshore wind turbine foundations.

Electric Car

US Students Challenged to Design Next-Generation BEV

The US Department of Energy, General Motors and MathWorks provide $6mn in the next-generation battery electric vehicle design challenge.

‘Energy Efficiency is Good for Business’ – ABB

A survey commissioned by ABB shows that 54% of companies are already investing in energy efficiency and 90% will increase spend over the next five years.

Energy Transition

E.ON Powers Innovation District with Green Energy

E.ON and Lendlease have signed a 25-year joint venture (JV) to supply 565,000 square metres of the Milan Innovation District (MIND) – a former expo site in Mil…

Energy Storage Battery

Planning Permission Granted for 350MW Hams Hall Storage Project

UK-based energy storage developers Penso Power and Luminous Energy have secured planning approval for a battery storage project at Hams Hall, in North Warwicksh…

Hydrogen Production

INEOS and SGN Start Hydrogen Distribution Trial in Scotland

The trial, funded by the Energy Regulator and gas distribution companies, comes as SGN, Cadent and NGGT commission Capital Hydrogen feasibility study.