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Energy Transition

Indonesia Seeks G20 Buy-in for Energy Transition Agenda

Indonesian Environment and Forestry Minister Siti Nurbaya Bakar shakes hands with President of COP26 Alok Sharma during the G20 Environment and Climate Minister…

Electric Vehicle Battery

ANZ to Lend Hyundai-LG Energy JV $711 Mln to Make EV Batteries

Australia and New Zealand Banking Group has set up a $711-million lending facility for a joint venture between Hyundai Motor and LG Energy Solution that makes b…

Nuclear Reactor

Ultra Safe Nuclear and Hyundai Engineering Partner on High Temperature Reactor

Ultra Safe Nuclear Corporation, which is working to deploy a gas-cooled micro reactor, said it has a new supplier agreement with Korean EPC firm Hyundai Enginee…

Offshore Wind Power

IKEA Stores Owner Buys 49% Stake in Swedish Wind Power Projects

Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects offshore Sweden.

CCS

China’s Sinopec Starts First Carbon Capture, Storage Facility, Plans Another Two by 2025

China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and p…

Offshore Wind Power

Germany Secures Link to Planned Baltic Sea Renewable Energy Island

Germany has secured a power link to a planned offshore wind hub in the Danish part of the Baltic Sea that will help reduce energy dependence on Russia, Denmark'…

Germany

Germany Prepares for Possible Nationalisation of Gazprom Germania - Paper

The German government has set up a holding company to carry out a possible nationalisation of Gazprom Germania, the energy business abandoned by Russia's Gazpro…

Crude Oil

Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt

Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project

Net Zero Emission

Toyota Recognizes California Authority to Set Vehicle Emissions Standards

Toyota Motor Corp on Tuesday said it recognized the state of California's authority to set vehicle emissions standards under the U.S. Clean Air Act.

LNG

Canada Exploring Feasibility of Direct LNG Exports to Europe -PM Trudeau

Canada is exploring ways to see if there is a business case to export liquefied natural gas (LNG) directly to Europe from its east coast, Prime Minister Justin …

Coal-Fired Power Plants

Germany’s Uniper to Restart Coal-Fired Power Plant as Gazprom Halts Supply to Europe

German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Ru…

Hydrogen Project

Broker Marsh Launches World First Insurance for Hydrogen Projects

Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent ind…

Natural Gas

Italian Manufacturers Cut Output to Save Energy, Government Official Says

Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top official at the ecological transit…

Nuclear Power Plant

German Economy Minister Rules Out Keeping Nuclear Plants Running to Save Gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, say…

Energy Investment

‘Tepid’ Demand for U.S. Sustainable Funds in July, Report Says

Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and…