Energy

United Kingdom

UK Approves 25% Windfall Tax on Oil and Gas Producers

British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put toward…

LNG

Renewables, Nuclear Could Replace LNG’s Share in Japan’s Energy Mix

LNG’s share in the power mix is expected to fall to 20% from 37%.

On-Site Energy Generation Could Wield Significant Savings for Companies

Research from Cornwall Insight, included in their report - ‘A corporates guide to decarbonising power’ - has demonstrated how on-site energy generation could …

Singapore

Singapore Is 3RD Most Attractive Market for Energy Sector FDI

It posted an index of 72.74%, ranking behind Luxembourg and Hong Kong.

Energy Storage Battery

Iberdrola Switches on Commercial-Scale Battery System in Ireland

Iberdrola has started up Gorman, its first commercial-scale battery system in Ireland.

Hydrogen Storage

Green Hydrogen to Pilot as Long Duration Energy Storage in US

Southern California Gas Company (SoCalGas) aims to identify potential commercial use cases for green hydrogen energy storage.

Energy Storage Battery

Equinor Acquires US Energy Storage Developer

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.

Calder to Manufacture Ceraphi Energy Geothermal Technology

CeraPhi Energy is making advances with its proprietary closed loop geothermal technology – designed to generate clean thermal energy from deep below the earth …

Energy Storage Project

Wärtsilä Signs Contract for Solar-Plus-Storage Projects

The technology group Wärtsilä is delivering a 500-MWac/2-GWh portfolio of energy storage systems to clean energy developer and operator Clearway Energy Group.…

Shell Forecasts Trebling of Refining Profits

Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.

United Kingdom

WindEurope: UK Announces Results of National Renewables Auction

The UK Department for Business, Energy, and Industrial Strategy has announced the results of the UK’s fourth contract for difference (CfD) auction round (AR4) …

Hydropower Plant

UAE Looks to Add Pumped Hydro to Power Mix: Report

This is in pursuit of its 30% clean energy target by 2030.

Canadian Solar Closes Sale of 345MWp Solar Farm in Australia to CalEnergy

The Suntop and Gunnedah solar farms are located in New South Wales.

Energy Storage Project

Australia Shortlists 12 Grid-Scale Battery Storage Projects for $100M Funding

The projects, which include both new builds and retrofits for existing batteries, have an aggregate capacity of 3.05GW and will be equipped with advanced invert…

Advantages and Disadvantages of Solar Energy

The 2015 Paris Climate Agreement is an international legally binding treaty aimed at limiting global warming to below 2 °C, preferably 1.5 °C, compared to pre…