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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.

Nord Stream 2

Potential Climatic Impact of Nord Stream Methane Leaks

Nord Stream 1 and 2 were both intentionally destroyed on September 26th, 2022. Enormous amounts of gases, mainly methane, were discharged into the ocean and eve…

Smart Grid

EIT Innoenergy and Redeia Enterprises Close Three Smart Grid Projects

Together with EIT Innoenergy, Red Eléctrica and Elewit – Redeia enterprises – have closed three grid projects as part of the Grid2030 programme, aiming to de…

Romania

Romanian Government Partially Regulates Energy Markets Until 2025

Romania's government changed its energy support scheme for households, small businesses and industry on Friday, partially regulating its power market until Marc…

Germany

German Budget Experts Push for Dividend Ban Tied to Energy Subsidies

Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …

Crude Oil

Saudi Energy Minister Stresses the Importance of Oil Security

The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.

Carbon Emissions

EU Proposes Tighter Vehicle Pollution Emission Standards

The European Commission proposed on Thursday broadly tighter limits for vehicle emissions of harmful nitrogen oxides and particulates, including new standards f…

Uniper Uses Hydrogen Unit to Power Gas Plant During Outage

For the first time, Uniper has used green hydrogen to power a planned outage at one of its gas-fired plants.

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.

Carbon Emissions

S&P Global to Launch Carbon Intensity Assessments for Diesel, Gasoline and Jet Fuel

S&P Global Commodity Insights said on Wednesday it would launch the first carbon intensity assessments and daily carbon offset premiums for transportation fuels…

Energy Transition

Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25

Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…

Germany

Germany Must Ask High Earners to Help With Energy Relief - Economic Council

Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…

ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022

Its operating income before impairment loss and other expenses grew by 11% YoY.

SMR

Fortum and MIT Launch SMR Cost Estimation Tool

Finnish energy company Fortum has collaborated with MIT to launch a Nuclear Cost Estimation Tool (NCET) that enables more precise cost estimation and risk asses…

Coal-Fired Power Plants

New Application Leverages AI to Support Coal Plant Conversion

UK-based non-profit Terrapraxis has announced that its new Evaluate application is live and available for coal plant owners and investors to assess coal plants …