Energy economy

Electric Vehicle Battery

South Korean EV Battery Makers Losing Market Share to CATL and BYD

The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.

Electricity Transmission

NextEra Energy Transmission acquires GridLiance for $660m

US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Black…

China

Sinochem, ChemChina Merger Finally Wins Approval

Chinese state-owned firms Sinochem and ChemChina have finally received merger approval from the SASAC, kicking off a long-awaited consolidation of the two compa…

Solar Company

GCL-Poly, GNE to Sell 790 MW of Chinese Solar Plants to Cut Debt

Chinese polysilicon maker GCL-Poly Energy Holdings Ltd and its troubled solar plants operating unit GCL New Energy Holdings Ltd, or GNE, are preparing to sell i…

Energy Transition

Japan to Speed up Investment in Energy Transition

The Japanese government is working on domestic guidelines for local financial institutions providing climate transition finance, as part of efforts to create an…

Hydropower Plant

ADB Approves Loan for Hydro Construction in Pakistan

A 300MW hydropower plant to be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province, Pakistan, is to receive a $300 million from the Asian…

Energy Investment

Saga Pure Takes 33% Stake in Liquid Hydrogen Storage Technology Company

Following the private placement, Saga will have an ownership of approximately 33% in the company.

Octopus Energy Group to Acquire Sister Company Octopus Renewables

UK-based Octopus Energy Group has announced plans to acquire its sister company Octopus Renewables.

SINOPEC

China's Sinopec Raises 2021 Capital Expenditure by 23.8%

Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on shale gas development in southwest China and construction of liquefied natural ga…

Crude Oil

Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets

onday start for contracts for future delivery of UAE's flagship crude listed on international commodities exchange at ADGM

United States

Apple to Generate 1.2GW from 2020 Green Bond Projects

American multinational technology company Apple has announced that it will generate 1.2GW of renewable energy capacity from the green bonds the firm issued in 2…

Liquid Hydrogen

Saga Pure Invests $3.5m in Liquid Hydrogen Storage Technology Company

Saga Pure is to take a 33% stake in IC Technologies, a company developing a novel storage solution for liquid hydrogen and liquified natural gas.

Energy Investment

UK Funds 254MW Clean Energy Projects in South Africa

UK Government’s International Climate Finance programme, UK Climate Investments, has financed a total of 254MW of clean energy projects in South Africa.

RWE Secures BBB+ Fitch Rating

Agency acknowledged German energy company’s focus on expanding renewables capacity

Noble Corp. to Combine with Pacific Drilling

Offshore drilling contractors Noble Corporation and Pacific Drilling have entered into a definitive merger agreement under which Noble will acquire Pacific Dril…