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Joe Biden

ACP CEO Heather Zichal Statement on President Biden Signing the Inflation Reduction Act Into Law

Heather Zichal, CEO of the American Clean Power Association, issued the following statement today after President Biden signed the historic Inflation Reduction …

Offshore Wind Power

Iberdrola Aims to Design Offshore Wind Farms That Protect the Environment

Offshore wind energy projects will be key to the growth of the electric utility, which has around 1,300 MW in operation and a further 5,500 MW under constructio…

Natural Gas

Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis

Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.

United States

US DOE Announces $44M Funding for EGS Innovation Projects

Through Utah FORGE, the U.S. Department of Energy will provide funding for up to 17 awards that will build on FORGE's existing work on EGS technologies.

Natural Gas

Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss

German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…

Crude Oil

U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study

U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…

United Kingdom

British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’

The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap

Natural Gas

Europe Says ‘No’ to VAT Exemption on German Gas Levy

All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.

Net Zero Emission

UK Puts Carbon Behind Bars

Low carbon systems will ensure the prison has zero carbon operations

Floating Offshore Wind

Researchers Design Novel Floating Wind Turbine for Deep Waters

Researchers at the US Department of Energy’s Sandia National Laboratories created a tool that they plan to use to design a novel floating wind turbine that the…

Germany

Europe’s Power Prices Surge to New Record

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…

Crude Oil

Latin America’s Crude Exports Drop In August

Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July

CCS

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…

Hydrogen Project

Canada and Germany Set to Ink New Hydrogen Deal

This new project would be the first of its kind in Canada

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …