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Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
Nuclear Reactor
DOE Formalises Test Reactor Decision
The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reacto…
Smart Meter
Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study
The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…
United States
US Senate Gives Green Light to Landmark Climate Deal
In a head-snapping reversal, Sen. Joe Manchin (D-WV) said July 27 that he had reached a deal with Majority Leader Chuck Schumer on a budget reconciliation packa…
Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…
Baywa Partnership Debuts Recyclable Shipping Pallet for Solar Modules
BayWa r.e. has partnered with the manufacturer of a recyclable pallet for solar module shipping.
Gas Turbine
Siemens Energy Says It Has No Damage Reports From Gazprom on Nord Stream 1 Turbines
Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia's Gazprom so far.
Germany
Red Tape and Reluctant Locals Cloud Germany’s Solar Power Rush
Two German renewable companies hope to build one of the country's biggest solar parks among rolling hills in the eastern district of Barnim to improve energy se…
Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
Natural Gas
EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
Solar Power Panel
First Solar Receives 500 MW Order From Akuo
First Solar has announced that Akuo, a Paris-headquartered independent global renewable energy producer and developer, has placed an order for 500 MWDC of respo…
Energy Transition
Siemens Gamesa’s Top S&P Global Ratings ESG Evaluation Showcases Its Commitment to Energy Transition
The company, the only wind turbine manufacturer to receive this evaluation from S&P, achieved a score of 83/100 and is ranked #2 in Spain and #12 worldwide.
Oil Price
Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink
IMF slashes global GDP growth forecasts for this year, to 3.2%.
Australia
Climate Change in Focus as Australia’s Parliament Opens
Australia's parliament sat on Tuesday in Canberra for the first time since Labor won office in an election that also saw the Greens party win record seats, refl…
Wind Turbine
Vattenfall Installs First Turbine at Grönhult Project
The first wind turbine at Grönhult wind farm, Sweden, is now being erected, where a total of 12 5.6 MW wind turbines will be installed from Vestas.
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