Rec

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.

Record Profits Could Convince Oil Majors to Hike Dividends

Strong up-and-downstream performance make for strong big oil earnings expectations.

Nuclear Power Plant

First Contract Signed for Romanian Nuclear Refurbishment

Canada's Candu Energy has signed the first contract for the refurbishment of unit 1 at Romania's Cernavoda nuclear power plant. The extensive re-tubing of the r…

Researchers Complete Digital Twin Tests on a Simulated Microreactor

Researchers at the Energy Department’s Idaho National Laboratory (INL) recently performed their first digital twin test of a simulated microreactor.