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EU
EU Magnesium Prices Surge by 80pc on China Cuts
European magnesium prices surged by 80pc yesterday amid supply cuts in China and depleted European stocks, leaving key end-users in the aluminium and titanium s…
China
China’s Silicon Export Prices up 60pc with Energy Curbs
Export prices were assessed at $8,500-8,550/t fob, up from $5,120-5,150/t fob over the same period.
Thermal Plant
Wärtsilä Signs Concession Agreement to Develop, Supply, Construct, Operate and Maintain Major 120 MW Power Plant Project in Gabon
The project represents one of the largest of its kind in Sub-Sahara Africa and a sizeable energy infrastructure project for Gabon.
Energy Security
Myanmar's Biggest Cities Hit by Brief Power Outages
A power blackout briefly hit Myanmar's main urban centres and far-flung towns on Friday, including commercial hub Yangon and parts of the capital Naypyidaw, aut…
China
China Establishes Electricity Equipment Giant Through Merger
China has established a central government-controlled electricity equipment company through a merger, according to a statement issued by the State-owned Assets …
Energy Investment
DOE Invests $27 Million in Battery Storage Technology and to Increase Storage Access
The U.S. DOE today announced $17.9 million in funding for four research and development projects to scale up American manufacturing of flow battery and long-dur…
Nuclear Reactor
NuScale Signs Agreement with New Polish Partners to Replace Coal
NuScale has signed a second agreement to consider its small reactors as a general replacement for coal units in Poland.
China
PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale
The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.
Solar Power Panel
Solarwatt Opens 300 MWp Solar Panel Factory in Dresden
German solar panel manufacturer Solarwatt has commissioned a new factory with the capacity to produce 300 MWp of double-glass solar panels as well as two new pr…
Solar Power Plant
Tušnica Wind Farm, Zvizdan Solar Power Plant in BiH to be Online by End-2023
Works are under way on two more renewable energy power plants in the Federation of Bosnia and Herzegovina, and both should be online by the end of 2023.
Hydrogen Project
Paragon to Test its Liquid Hydrogen-Fueled Soar eVTOL with 800 Miles Range
Paragon VTOL Aerospace is working on the next generation of its eVTOL aircraft design called Soar, which will be powered by a powertrain that uses direct combus…
Oil & Gas Trade
Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal
Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…
Oil Field
Bohai Bay Offshore Oil Fields Mark Power Milestone
The country's first project to power the Bohai Bay offshore oil fields from shore kicked off operation on Thursday.
India
US, India Launch Task Forces on Hydrogen, Biofuels to Decarbonize Energy Sector
The US and India are both committed to promoting a successful outcome at the 26th UN Climate Change Conference in Glasgow later this year
India
India Makes Clean Energy Commitments at UN Summit
it announced to begin a Production Linked Incentive Scheme to add 10 GW solar PV manufacturing capacity by 2025.
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