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China

Shanghai Spot Box Rates to US West Coast Leap 31% in Just One Week

Spot freight rates from China to the United States surged significantly, as reported by the Shanghai Shipping Exchange on May 16, 2025. Rates from China to the …

China

COSCO Inks VLGC Orders

COSCO Shipping Investment Dalian, a subsidiary of Chinese state-owned shipping company COSCO, has ordered two 88,000 cubic meter gas carriers from COSCO Heavy I…

Geothermal Power Project

Renascent Energy Completes Successful Geothermal Test on Depleted Shale Well in Texas

Renascent Energy, based in Houston, Texas, has successfully completed a groundbreaking geothermal test in a depleted shale well at the Eagle Ford shale formatio…

Geothermal Power Project

Geothermal Could Be a Strategic Energy Source for Lithuania, Says KTU Scientist

Lithuania holds significant potential for geothermal energy, particularly for heating in its western region, though development requires substantial investment …

Electric Vehicles

Honda China, CATL Deepen Partnership on NEV Tech R&D, Supply Chain Management

Honda Motor (China) Technology Co., Ltd. (HMCT) and CATL signed a memorandum of understanding on May 16, 2025, to strengthen their strategic partnership, as ann…

Nuclear Power Plant (NPP)

Westinghouse Grows Bulgarian Supply Chain

Westinghouse has signed memorandums of understanding with seven Bulgarian suppliers to support the construction of two AP1000 pressurized water reactor units at…

Metal

Medallion Secures $17M Commitments to Advance Ravensthorpe-Forrestania Project in Australia

Medallion Metals has secured binding commitments to raise approximately A$27.5 million ($17.6 million) through an institutional placement to advance its Ravenst…

Metal

Starr Peak Mining Acquires Copper Clive Project in Québec, Canada

Starr Peak Mining, a Canadian mineral exploration company, has acquired the Copper Clive Project in the Abitibi Greenstone Belt of Québec, Canada. This a…

Electric Vehicles

BYD Establishes European Headquarters in Budapest

On May 15, 2025, BYD announced the establishment of its European headquarters in Budapest, Hungary, marking a significant step in its global expansion. The new …

Gas power plant

Vistra to Buy 2.6GW Generation Capacity From Lotus for $1.9bn

Vistra, an integrated retail electricity and power generation company, has agreed to acquire a portfolio of natural gas generation facilities from Lotus Infrast…

Wind Power Project

National Grid Records £303M Impairment on US Wind Project in FY24/25

UK utility company National Grid reported a £303 million ($403 million) impairment charge for the 2024/25 financial year due to halted development by its joint…

Photovoltaic （PV）

Google Signs Agreement With Energyre for 600MW of Solar Energy

Google has finalized a renewable energy agreement with energyRe, securing over 600 megawatts of solar and solar-plus-storage projects in South Carolina, USA. Th…

Photovoltaic （PV）

Pioneering DC Arc Fault Protection: Fonrich-TÜV Rheinland AFCI White Paper Redefines PV System Safety Standards

On May 7, 2025, at Intersolar Europe 2025 in Munich, Germany, Fonrich New Energy, in collaboration with TÜV Rheinland, officially launched the Arc Fault Circui…

Crude Oil

Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows

Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime …

Power Construction

US Issues Emergency Orders to Address Puerto Rico Grid Security Issues

On Friday, the U.S. Department of Energy (DOE) announced emergency measures to tackle significant grid reliability concerns and enhance the stability of Puerto …