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Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Energy Storage Project

US Long-Duration Energy Storage Demos to Receive $350M Funding

Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.

Electric Car

GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December

BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…

Global Commission Formed to Accelerate Approvals of Renewables, Green Hydrogen

It is expected to present its recommendations to the UN General Assembly in September 2023.

Solar Cell

All-Perovskite Tandem Solar Cell Boasts High Efficiency, Record Voltage

Engineers have developed a new solar cell with a record voltage and (arguably) a record efficiency for its kind.

Net Zero Emission

Drop Coal or Forget the 1.5°C Target, Says IEA

The global demand for coal has been at record highs for the last ten years, new report has warned.

Electric Car

EV Makers Burning Cash Due to Sky-High Raw Material and Production Costs

Many EV start-ups recorded huge losses in September quarter and warn high costs are here to stay due to surging inflation and global supply chain crisis.

Coal-Fired Power Plants

South Africa’s Energy Crisis May Last for Years

South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the curr…

OPEC

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …

Carbon Emissions

Global CO2 Emissions in 2022 ‘Remain at Record Levels’

Projected emissions from coal and oil are above their 2021 levels, according to a new report.

Nuclear Reactor

COP27’s First-Ever Nuclear Pavilion – a Sign of Revival for the Sector

“Nuclear power is making a comeback—and in a strong fashion.” So said IEA executive director Fatih Birol on the renewed interest in nuclear power across the …

HVDC

Equinor and Hitachi Energy to Develop High-Tech HVDC/AC Grid Connectors

The energy giants have announced a collaboration to develop standardised base designs for High-Voltage Direct Current (DC) and Alternating Current (AC) transmis…

Wind Turbine

Vestas Secures 300 MW Order of EnVentus Turbines for Goose Creek Wind

Vestas has received a 300 MW order from Apex Clean Energy to power the Goose Creek Wind project in Illinois, the US.

Natural Gas

Natural Gas Prices Slide as Bearish News Continues to Mount

The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week.