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Electric Car

UK Backs Ford With £600m to Build EVs

The cars will be built in Essex and Merseyside before being shipped across five continents.

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…

United Kingdom

UK Power Networks Launches Biggest-Ever Flexibility Tender

UKPN has launched a Flexibility Tender that could potentially unlock more than 500MW of capacity, equivalent to 300,000 homes over the next three years.

United Kingdom

Octopus Acquires Solar Developer

Zestec has a pipeline of more than 160MW of new UK solar energy.

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low

Saudi OSPs to Asia hit 10-month low amid slowing physical demand.

United Arab Emirates

New UAE Law Regulates Renewables Production Units Link to Grid

This is in line with UAE’s plan to diversify renewable energy sources.

Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA

It reached $560b this year.

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

Hydrogen Production

BP Is Betting Big on Green Hydrogen

UK supermajor BP sees low-carbon hydrogen as one of its key growth areas and is betting on green hydrogen to advance the energy transition and the decarbonizati…

Smart Meter

E.ON Increases German Grid Security With 450MHz Radio Network

E.ON has announced using the 450MHz radio network to connect and control local grid stations and smart meters in homes when conventional communication systems a…

Geothermal Power Plant

Mitsubishi Power Will Build New Geothermal for Indonesia

Mitsubishi Power is expanding its geothermal infrastructure in Indonesia.

EU

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…

Electric Car

The EV Transition Explained: Charger Infrastructure

How many, where, and who pays?

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…