Energy economy

US Developer Intersect Secures US$750 Million for Renewables, Energy Storage Pipeline

Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen …

Electric Car

Siemens and VW Take a Stake in Electrify America

On June 28, the Volkswagen Group and Siemens announced their support of the ambitious growth plans of Electrify America, LLC – the largest public ultra-fast ch…

Australia

Australia, India Strengthen Clean Energy Deal

Australia and India on Monday agreed to a partnership to strengthen their co-operation in developing critical metal projects and supply chains.

Shell to Take Over as Operator of Gulf of Mexico Field From Equinor

Equinor will retain 49% of its stake in the project, which has been renamed as the Sparta development

Energy Investment

UK Invests £162M in Africa’s Energy Industry

British International Investment has partnered with Norway’s Norfund in a joint venture with Scatec to support the initiative, which will meet the power needs …

SSE Thermal and Equinor to Buy UK-Based Triton Power for £341M

Through this deal, the two companies aim to support the decarbonisation of the UK's power system.

South Korea

South Korea, Saudi Eye Energy Cooperation

They discussed opportunities in the energy supply chain and hydrogen.

Philippines

Solar Philippines Secures 70% Of Government’s RE Auction

It also won 91% of all solar capacity.

World Energy Demand Jumped Above Pre-COVID Levels in 2021

BP Statistical Review of World Energy: primary energy in 2021 grew by its largest amount in history.

Oil Shale

Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion

U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…

United Kingdom

UK Automotive Manufacturers Face £90 Million Energy Cost Hike

Rising energy costs risk harming the UK automotive sector as manufacturers of vehicles and components face a £90m cost hike.

Electric Car

UK Green Supply Chain Startup Circulor Raises $25MLN for Us Expansion

UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had r…

Alpha Dhabi’s W Solar to Invest in 2,000MW Libyan Renewable Energy Project

The agreement will help Tripoli to diversify its energy mix and boost the overall economy

Companies Call for Energy Rationing

EDF, TotalEnergies and ENGIE have said energy price hikes “threaten political and social cohesion”

SG Kicks off Multilateral Cross-Border Trade of Renewable Energy

The renewable hydropower was imported from Lao PDR via Thailand and Malaysia.