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Oil Price
Oil Extends Losses; Russia to Fulfil Supply Contracts
Oil extends losses by nearly 2% after 13% plunge on Wednesday. Russia pledges to fulfil contractual obligations
Investigating an Innovative Solution for Thermal Energy Storage
A PCM's ability to absorb and release energy has recently attracted more attention because of society's shift from fossil fuels towards renewable energy sources…
Saudi Arabia
Saudi Arabia Signs Power Purchase Agreements for Solar Projects Worth $665m
Saudi Arabia has awarded contracts for two new solar projects with a combined capacity of one gigawatt as the kingdom continues to add renewable energy to its…
Hydrogen Project
World's Largest Green H2 Hub, Hydrogen City, to Open in Texas in 2026
Hydrogen City will eventually harness 60 gigawatts of solar and wind energy, and use it to produce over 2.5 billion kilograms (2.4 million tons) of green hydrog…
Offshore Wind Power
Massive 3-Gigawatt Offshore Wind Farm Eyed for Western Australia
A massive 3GW offshore wind farm – the biggest in Australia to date – is being proposed for waters off the coast of south-western Western Australia.
Solar Power Plant
China Aims to Build 450 GW of Solar, Wind Power on Gobi Desert
China plans to build 450 gigawatts (GW) of solar and wind power generation capacity on the Gobi and other desert regions, the chief of the state planner said on…
Electric Car
Tesla to Win Approval for $5.5 Billion Berlin Gigafactory on Friday
The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s 5 billion euro ($5.5 billion) gigafac…
Natural Gas
Michigan’s Average Gas Prices now $3.55 per Gallon, Experts See ‘Little to No Relief’ amid ‘Perfect Storm’
Michigan’s average gas prices continue to rise amid rising oil prices brought on by Russia’s invasion of Ukraine.
Crude Oil
Canada Eyeing Russian Oligarch Holdings in its Oil-Rich West
Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on…
Oil Price
India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices
India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…
Hydrogen Production
A ‘Gigawatt-Scale’ Green Hydrogen Vision for the Texas Gulf Coast
A leading clean energy developer said it will explore developing a green hydrogen hub along the Texas Gulf Coast to support the decarbonization of heavy industr…
United Kingdom
Partnership to Explore Geothermal Heating and Lithium Extraction in UK
Cornish Lithium and IGas Energy have agreed to jointly evaluate potential sites for geothermal heating and lithium extraction in the UK.
Coal Production
China Starts Building 33 GW of Coal Power in 2021, Most Since 2016
China started building 33 gigawatts of new coal-fired power generation capacity last year, the most since 2016, research published on Thursday showed, a sign th…
Hydrogen Project
Unseen Green Hydrogen Volumes Set to be Produced at Proposed Texas Gulf Coast Project
In the latest move to develop the state of Texas into a leading player in the world of hydrogen, plans have today (Feb 22) been unveiled for a gigawatt-scale gr…
India
Accelerated Wind Energy Development in India Could Add 31.2GW Capacity by 2026
Accelerated wind energy development scenario in India would result in the installation of almost 31.2 gigawatts of wind capacity between 2022 and 2026, with a p…
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