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Energy Investment

Volkswagen to Invest up to Another $200M in Solid-State-Battery Company QuantumScape

The Volkswagen Group is increasing its stake in QuantumScape and making an additional investment of up to $200 million in the US battery specialist.

Market Analysis

Magellan Sees 3Q Gasoline Demand Recovery

Fuel demand in Magellan's Midstream Partners' more rural central US markets has recovered faster than more urban regions, chief executive Mike Mears said today.

Crude Oil

Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm

Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate ann…

Hydrogen Fuel Cell

Toyota to Set Up Chinese Fuel Cell R&D Venture

Japanese auto producer Toyota plans to set up a research and development firm for commercial vehicle fuel cell systems in China this year.

China Energy

China's First 5G+ Hydrogen Fuel Electric Tractor Released

On June 16, China's first 5G+ hydrogen fuel electric tractor has been officially launched.

Nuclear Fuel

Rosatom Starts Life Tests of Third-Generation VVER-440 Nuclear Fuel

OKB Gidropress research and experiment facility, an enterprise of Rosatom machinery division Atomenergomash, has started life tests of a mock-up of the third-ge…

PowerGrid Technology

Maryland Announces Funding for 14 Microgrid Projects

Maryland yesterday announced winners in its resilience solicitation, 14 facilities that speak to the range of operations now pursuing microgrid projects — from…

Geothermal Power Plant

GreenFire Energy Completes Demonstration of Closed-Loop Geothermal Pilot

In a release, U.S.-based GreenFire Energy Inc. announced the completion of the world’s first field-scale demonstration of closed-loop geothermal energy product…

Energy Storage Battery

Fluence Launches Next-Generation Battery Storage Product With 800MW of Orders

As storage deployments soar, integrators are updating their enclosures for cost-competitiveness and ease of delivery.

Energy Technology

System Enables Decentralized Production of Green Hydrogen

Hydrogen researchers at Graz University of Technology, together with the Graz-based start-up Rouge H2 Engineering.

Crude Oil

China at Record Pace on Storage, Propping Up Oil Prices

China has been replenishing its oil reserves at a record pace.

Crude Oil

Venezuela's Oil Exports have Plunged

Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…

Hydropower Plant

China Gezhouba Group Wins $1.62bn Contract for Indonesian Hydro Plant

State-owned construction company China Gezhouba Group has signed a $1.62bn deal to construct a 1.2GW hydroelectric power plant in Indonesia.

Wind Turbine

MHI Vestas Secures 114-Turbine Supply Contract from SWE in UK

MHI Vestas Offshore Wind has secured a supply contract for 114 turbines on Scotland's largest offshore wind farm.

Geothermal Power Plant

Geothermal Project at Lakelse Lake in BC, Canada Clears Exploration Milestone

The geothermal project by Kitselas Geothermal Inc. has cleared a major exploration milestone and is looking now for more funding from government sources.