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Crude Oil

China's Sinopec Plans Its Biggest Capital Expenditure in History

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…

Nuclear Power Plant

Elon Musk Says Closing Nuclear Plants Now Is 'Total Madness,' Calls Biden's Leadership 'Ancient' in a Talk About the Future

Tesla's Elon Musk confirmed his belief that Germany should not only stop closing its operational nuclear power plants, but should also reopen the ones it alread…

China

China and Nepal Study Feasibility of Cross-Border Power Grid

China and Nepal will conduct a feasibility study to construct a high-voltage power transmission line across the Himalayas to facilitate the exchange of electric…

LNG

RWE Plans Ammonia Plant at LNG Terminal Site in Germany

RWE is to build an ammonia plant at the site in Germany where it is previously announced plans for the country’s first liquefied natural gas (LNG) terminal.

Energy Transition

AfDB Pledges $2.8bn Towards South Africa for Energy Transition

African Development Bank Group President Dr Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for t…

Energy Transition

Global Leaders Vow to Strengthen Energy Security and Accelerate Clean Energy Transitions

The IEA Ministerial Meeting saw ministers gather from around the world in response to energy security and climate crises.

Oil Price

IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'

The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi…

Offshore Wind Power

BP Establishes Partnership Focused on Offshore Wind in Japan

BP has agreed to establish a strategic partnership with Japanese conglomerate Marubeni that will focus on offshore wind development and potentially look at “ot…

Energy Storage Battery

ARENA Grants $14m Funding for AGL’s Broken Hill Battery Project

The Australian Renewable Energy Agency (ARENA) announced it will invest $14.84m to help AGL fund its 50-megawatt (MW)/50-megawatt-hour (MWh) lithium-ion large s…

Floating Offshore Wind

Celtic Sea Set for Gigawatt-Scale Floating Wind to Produce Green Hydrogen

UK-based renewables developer Source Energie has partnered with hydrogen technology firm ERM Dolphyn to develop floating wind sites that produce green hydrogen …

Germany

German Association Calls for Law Changes to Promote Solar Repowering

The German government should amend the current Renewable Energy Act (EEG) to support the repowering of solar parks on the way to the goal of boosting solar capa…

Hydrogen Fuel Cell

HydrogenOne Invests £7m in Cranfield Aerospace Solutions

HydrogenOne Capital Growth and Safran Corporate Ventures invest £10.5m in Cranfield Aerospace Solutions to foster hydrogen fuel cell power in aviation.

Electric Car

LG Invests $1.4 Billion into First US Cylindrical Battery Plant

LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…

Hydrogen Production

Green Hydrogen to Decarbonise Europe’s Largest Steelmaking Site

Thyssenkrupp Steel and STEAG have agreed on the delivery of hydrogen from STEAG’s Duisburg-Walsum site to thyssenkrupp Steel in Duisburg, Germany.

Smart Meter

Smart Electricity Meters Market to Surge to $15.2 Billion by 2026

A new market study by Global Industry Analysts Inc. (GIA) shows that the global market for smart electricity meters is expected to reach $15.2 billion by 2026.