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Hydrogen Project
EU Gives Green Light for $5.2 Bln in State Aid for Hydrogen Development
The European Commission on Wednesday said it has approved 5.2 billion euros in public funding by 13 EU member states aimed at boosting the supply of renewable a…
Offshore Wind Power
Macquarie Sells North Sea Offshore Wind Farm Stake
Funds managed by Octopus Energy Generation have received ownership of a 15% stake in 270MW Lincs wind farm
Carbon Emissions
U.S. Farm Agency to Triple Investment in Climate-Friendly Farming
The U.S. Department of Agriculture will invest nearly $3 billion in projects to reduce climate-harming emissions from farming and forestry, tripling the funding…
Electric Car
Biden Announces First Round of Funding for EV Charging Network Across 35 States
Biden has been a big proponent of EVs, signing into law incentives to encourage consumers to buy them and companies to build them.
Five Long-Duration Energy Storage Projects Get Funding in New York
New York awarded $16.6 million in funding for five long-duration energy storage projects and made another $17 million available for projects that advance develo…
Smart Grid
Project CARMEN: Joint Romania-Hungary Smart Grid
The Carpathian Modernised Energy Network (CARMEN) smart grid project is up for funding from the Connecting Europe Facility programme.
Wind Power Project
Uzbekistan’s 500MW Wind Project Secures Funding
It is expected to start operations by end-2024.
Nuclear Power Plant
UK Next-Gen Nuclear Tech Boosted With £3.3M
Nuclear technology projects, including innovative High Temperature Gas Reactors, will get a share of the government funding.
Energy Transition
Transport Group CMA CGM Launches $1.5 Bln Energy Fund
French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shippi…
Oil Price
Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…
Electric Car
Toyota Builds 1MW Hydrogen System for US Department of Energy
The $6.5m project is being funded by the DOE and could be operational within three years
United Kingdom
UK Energy Market Regulator Says Shell to Refund Overcharged Customers
Shell Plc's UK consumer gas, electricity and broadband operations business will pay 536,970 pounds ($635,181.81) to customers it has overcharged on its default …
Energy Transition
Coal Companies’ Cash Balance Could Fund Indonesia’s Green Transition
The combined cash balance amounted to $6.8b in the first quarter.
United States
DOE Cybersecurity Project Funding to Bolster Grid Resilience
The US Department of Energy (DOE) has announced $45 million in funding for projects that will create and test technology to protect the electric grid from cyber…
Nuclear Power Plant
Boris Johnson ‘Approves Funding for Sizewell C Nuclear Plant’
The financial package will support the construction of two new reactors at Sizewell C, which will generate 3.2GW of electricity
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