Res

Energy Technology

Energy Storage Market Presented with a Matching APP

The global advanced lead battery research group, Consortium for Battery Innovation, has introduced its CBI Battery Match designed to help electricity providers.

India

G20 Recovery Packages Back Fossil Fuels Over Cleaner Options

UN General-Secretary Antonio Guterres says G20 recovery packages commit twice as much money to fossil fuels than renewable energy sources.

Siemens Energy Looking Into Plant Closures: Unit CEO

​Christian Bruch, chief executive officer of Siemens AG’s energy business, discusses the unit's strategy and the spinoff from its parent.

Mexico

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions

Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.

China

Robust Chinese Demand Fuels Oil Market Recovery

Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China.

Coal Production

India Should Move Away from Coal Use, UN Says: Update

India needs to work progressively towards phasing out coal use for generating electricity by accelerating its transition to renewable energy, the UN said.

Energy Investment

EU Bank Acquires 25% Stake in Romanian Gas Company

The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.

Market Analysis

A 64% Decline in Production Costs of Green Hydrogen Anticipated

The costs to produce green hydrogen will fall by 64% by 2040, according to a new study released by research firm Wood Mackenzie.

Combined cycle power plant

Cascade Power Project Secures $1.2bn Financing; Enters Construction Phase

Kineticor Resource has secured C$1.5bn financing for the Cascade Power Project, a 900MW combined-cycle natural gas-fired generating facility, with construction …

Electric cooking range for G and H Fire stations

Tenders are invited for Electric cooking range for G and H Fire stations to be used by Firestaff working in shifts.

Oil & Gas Trade

What is Behind the Eastern Mediterranean Oil and Gas Rush?

Tensions are rising as countries compete for control of oil and gas reserves in the Eastern Mediterranean.

Nuclear Power Plant

Exelon to Close Byron and Dresden Nuclear Power Plants

US-based Exelon Generation has announced that it intends to retire its Byron and Dresden nuclear power plants in Illinois in autumn 2021.

Coal Production

Germany Begins Allocating €40 Billion to Coal Regions to Start Phase-Out

By 2038, Germany’s last coal-fired power plants are expected to be shut down. To reorient the regions economically, however, they are to be replaced by researc…

Lithuania

Lithuania Pulls Outs of BRELL Power Reserve Agreement

Lithuania has opted out of the so-called BRELL agreement, which obligates it to exchange emergency electric power reserves with Latvia, Estonia, Russia and Bela…

Market Analysis

South Africa Sees Worst Power Cuts on Record in 2020, Research Shows

The power cuts by ailing state utility Eskom are one of the biggest challenges facing President Cyril Ramaphosa as he tries to revive investor confidence in Afr…