Investment

SMR

ENEC, GE Hitachi Sign MoU for Future Investment in SMR Tech

Mohamed Ibrahim Al HammadiThe Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitac…

Oil & Gas Supply

Indonesia Approves Delayed Abadi Masela Gas Revised Development Plan

Indonesia has approved a revised development plan for the long-delayed Abadi Masela gas project with $20 billion in investment targeting production to start in …

Offshore Wind Power

RWE and Masdar to Co-develop Giant British Offshore Wind Project

British Prime Minister Rishi Sunak delivers the keynote speech at the Global Investment Summit at Hampton Court Palace, in East Molesey, Surrey, Britain Novembe…

Carbon Emissions

UK PM to Unveil $2B Climate Investment at COP28

Sunak arrives at COP28 trying to show the UK remains committed to the climate cause after he watered down his green agenda.Rishi Sunak will pledge to spend GBP …

Power Construction

SEC invests $245M in Melbourne Renewable ub

The State Electricity Commission (SEC) has invested $245 million to the new Melbourne Renewable Hub, with construction already underway. This is the first inves…

Hydrogen Fuel Cell

Zeroavia Is Getting More Funds, This Time for Its Hydrogen Fuel Cell Engines

The hydrogen aviation company scored £30+ million from the UK’s state-owned infrastructure investment bank.ZeroAvia has secured a total £91.9 …

Geothermal Power Project

Transitional Energy and Gradient Geothermal Announce Merger

The HXC Geothermal System designed by Gradient Geothermal (source: Gradient Geothermal)Investment management firm X Machina Capital Strategies (XMC) has announc…

Coal Production

India Opts for Coal Comfort in Meeting Power Demand

While India is urging investors, France, backed by the US, plans to seek a halt to private financing for coal-based power plants at the upcoming UN climate conf…

Offshore Wind Power

RWE Commits €55 Billion to Invest in Wind Energy

RWE AG has announced plans to significantly expand its investment in wind energy, despite the challenges facing the wider sector, including rising interest rate…

Offshore Wind Power

OX2 Sells Stake in Next Generation Swedish Offshore Wind Energy Portfolio to Ingka Investments

OX2 has agreed with Ingka Investments, the investment arm of Ingka Group – the biggest IKEA retailer – to sell a 49 percent stake in next generation…

Oil & Gas Supply

Exclusive: Capital Power CEO Planning No Canadian Gas-Fired Plants Due to Trudeau's Regulations

Alberta's Capital Power is not planning to build new natural gas-fired power plants in Canada as Prime Minister Justin Trudeau's proposed electricity re…

Green Hydrogen

Danish Fund's $10B Investment Propels Green Hydrogen Hub in Mexico

Danish financial economic fund is set to inject a staggering $10 billion into a green hydrogen plant in the Isthmus of Tehuantepec, according to an announcement…

Carbon Emissions

Occidental and Blackrock Form JV to Develop World's Largest Direct Air Capture Plant; $550M Investment, 500,000 Tonnes of CO2 per Year

Occidental recently announced that BlackRock will invest $550 million on behalf of clients in the development of STRATOS, the world’s largest Direct Air Captur…

Biofuel

Canada to Make Waste Biomass Eligible for 2 Clean Energy Tax Credits

The Government of Canada on Nov. 21 announced plans to allow systems that utilize waste biomass to produce heat and/or electricity to claim the country’s …

Carbon Capture

Canada Oil Sands Carbon Capture Project to Make Final Investment Decision in Mid-2025

A truck drives down a street at Syncrude's oil sands operation on May 23, 2006 near Fort McMurray, Alberta. REUTERS/Todd Korol/File Photo Acquire Licensing …