Energy

EU

EIB Group Supports REPowerEU Plan With €30BN Financing

Package of new, targeted financing is expected to mobilise up to €115bn of new investment by 2027, contributing to ending energy dependency on Russia.

EU

EU Gives 80 Mln Euro to N. Macedonia to Tackle Energy Crisis

The European Union pledged 80 million euros to North Macedonia to tackle energy crisis and it will help to build new generating capacities.

Nuclear Power Plant

U.S. Developing Domestic Uranium Strategy -Energy Secretary

The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce depend…

Oil Price

Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM

Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…

France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

Electric Vehicle Battery

Eramet Examining Doubling of Lithium Capacity in Argentina

Eramet is studying potential to double a production target for its lithium project in Argentina as it responds to growing demand for minerals used in electric v…

LNG

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Energy Storage Battery

Masdar Acquires UK-Based Bess Developer, Arlington Energy

UAE-based renewable energy giant says acquisition will allow it to expand its UK and European presence and support net-zero objectives of other countries.

Electric Car

Tackling the Biggest Challenges Facing EV Adoption

UT Austin researchers are looking to tackle two of the biggest problems facing widespread EV adoption.

High Energy Prices Force the World’s Largest Chemicals Company to Downsize

The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…

Crude Oil

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.

Net Zero Emission

Saudi Aramco Unveils $1.5BN Sustainability Fund

It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.

Solar Technology

Egypt’s First Financed Solar Battery PPA Project Secures Financing

A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project.

Energy Transition

TotalEnergies Buys Stake in Brazilian Renewables JV

TotalEnergies and Brazillian developer Casa dos Ventos (CDV) have created JV to jointly develop, build and operate the latter's 12GW renewables portfolio.