Energy

Electricity Transmission

RBC Bearings to Acquire ABB’s Power Transmission Division for $2.9bn

The transaction is intended to create a manufacturer of performance-critical bearings and motion control components.

Hydrogen Project

Energy Giants Plan First Offshore Hydrogen Park in German North Sea

RWE, Shell, Gasunie and Equinor have signed a declaration of intent to further their collaboration on the AquaSector project, a large-scale German offshore hydr…

Wind Power Project

OWL Proposes to Build Two Offshore Wind Farms in Ireland

OWL aims to enter the Irish renewable energy market with the two projects.

Nuclear Power Plant

First Steam Generator Removed from Bruce 6

The unit is the first of six which are to be refurbished as part of a programme to secure the operation of the eight-unit site in Ontario until 2064.

Wind Farm

Duke Starts up 182MW Texas Wind

Maryneal Windpower has a 12-year virtual power purchase agreement with T-Mobile

Floating Offshore Wind

Carbon Trust Supports UK Floater Tech Initiative

Outfit will provide technical support to BEIS’ FOW Demonstration Programme assisted by OWC

Energy Investment

Iberdrola, EIB Sign €550m Spanish Smart Grid Loan

The European Investment Bank and Iberdrola have signed a €550m green loan agreement to support the development, modernisation and digitalisation of the company…

Energy Investment

IVORY COAST: EAIF Lends €25m for the Singrobo Hydroelectric Dam

The funding is for the construction of the Singrobo hydroelectric dam in southern Ivory Coast.

Energy Storage Battery

Form Energy Announces Iron-Air 100-hour Storage Battery

They note that their new battery is based on iron, not lithium, and thus is much less expensive to produce.

Energy Investment

Singapore's GIC invests $240 mln in Arctic Green Energy

Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm's expansion in Asia and Europe.

Market Analysis

For The U.S. To Become Carbon Neutral, Long-Term Energy Storage Is A Must

The Biden administration is pushing its Energy Earthshots Initiative that aims to accelerate innovation and bring life-changing products to market.

Oil Field

Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project

Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ord…

Wind Farm

Oyster Bay 140MW Wind Farm Ready for Operation

In South Africa, the 140MW Enel Green Power RSA Oyster Bay wind farm, situated in the Eastern Cape, has successfully reached commercial operation.

Transformer

18 Injured After Transformer Explosion in Hyderabad

At least 18 people have been injured after a power transformer in Hyderabad exploded.

Transformer

GE to Supply 13 Transformers to Rajasthan Solar Project

GE Renewable Energy’s Grid Solutions business has been awarded multiple orders to supply 765 kV transformers and reactors in India.