Energy

Italy

New Italian Government’s Budget to Boost Spending to Fight Energy Crisis

Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

Natural Gas

Biogas Producers Amp Americas, BerQ RNG up for Sale -Sources

The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. tax incentives and recent big investments in th…

Natural Gas

North America’s Natural Gas Can Help Mitigate Energy Crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues.

Energy Transition

RWE Plans Renewables Profit Share With German Authorities to Improve Local Acceptance of Energy Transition

German utility RWE will offer profits to municipalities where one of its wind or solar farms is located as part of an expansion of the German Renewable Energies…

Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

Energy Storage System

A Breakthrough for Next-Generation Lithium-Free Energy Storage Systems

Battery energy storage systems can be used to store and discharge energy as and when needed, which can provide backup power, balance the electric grid, improve …

Israel

Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects

Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investmen…

Clean Energy Industries Form Alliance at COP27

Global industry organisations representing wind, solar, hydropower, green hydrogen, long duration energy storage (LDES) and geothermal energy industries have of…

Czech Republic

Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan

The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…

Crude Oil

EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials

The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…

EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects

SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…

Smart Grid

Duke Energy and AWS Partner up on Smart Grid Solutions

Duke Energy and Amazon Web Services (AWS), are entering a multiyear strategic collaboration to accelerate the utility’s development of smart grid solutions, in…

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Energy Transition

ADB Sees ‘Significant Progress' in Energy Transition Mechanism

The ETM was launched at COP26 last year.