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Crude Oil
Shell to Buy Russian Crude and Use Profits to Help Ukraine
Shell, Europe’s largest oil company, said Saturday that it would probably continue to buy Russian crude oil to feed into its refineries and supply customers wi…
Crude Oil
Shell Defends Decision to Buy Discounted Oil From Russia
Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedic…
Wave Energy
Mocean Energy Secures Funds to Advance Blue Star Wave Technology
Scottish wave power firm Mocean Energy has secured $978,711in equity funding from private and public funders to accelerate the commercial roll-out of its wave e…
Finland
Finnish Geothermal Heat Player QHeat Secures EUR 3.3m Loan for Drilling Rig
Finnish Climate Fund has granted EUR 3.3m loan to Finnish geothermal heat exchange player QHeat to acquire more efficient drilling rig to target medium-deep geo…
Oil&Gas Drilling
America is Finally Cleaning up its Abandoned, Leaking Oil Wells
Washington is making a concerted effort to plug these wells through a $4.7 billion fund, passed as part of an expansive overhaul of the nation's infrastructure.
Wave Energy
Scottish Wave Energy Firm Lands £730,000 Funding
A wave power company has secured a major new investment to speed up the commercial rollout of its technology.
LNG
Italy Halts Funding for $21 Billion Arctic LNG 2 Project
Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy pro…
Electricity Transmission
Ofgem Boosts National Grid’s Green Energy Projects with £1.5m
Some 13 energy network projects designed to accelerate Britain’s progress towards net zero have secured £1.5 million in funding from Ofgem.
Solar Power Panel
US Funding USD500 Million for Solar Panel Manufacturing in India
The White House said on Thursday, while emphasising that the US is funding USD 500 million to help American companies manufacture solar panels in India.
Electric Car
Australia Offers $127.9m for Businesses to Integrate Zero Emission Vehicle Tech in Fleets
The funding will enable firms to integrate EV technologies in both light and heavy duty vehicle fleets as well as support the commercialisation of hydrogen as a…
Geothermal Power Plant
NZ Government to Fund Geothermal Lithium Extraction Technologies
The New Zealand government will invest an equity stake of NZD 2 million (approx. USD 1.35 million) to scale up the lithium production technology of the Geo40.
EIB, ISIF Among Backers of Solas EU Energy Efficiency Fund
The European Investment Bank (EIB) and Ireland Strategic Investment Fund (ISIF) are among backers of a fund that is seen as closing the gap between energy effic…
Electric Car
Volkswagen Plans IPO of Porsche to Ignite EV Shift Momentum
Volkswagen AG is preparing an initial public offering of Porsche, seeking a listing of its most profitable asset to help boost the parent’s valuation and fund …
Nuclear Power Plant
New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK
A new funding mechanism for the nuclear sector, the Regulated Asset Base (RAB) model, has the potential to increase the UK’s nuclear capacity to 24GW over the …
Electric Car
Australia Co-Funds Charging and H2 Infrastructure
The Australian government has launched the second round of its Future Fuels Fund.
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