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COP27 Draft Climate Deal Published but Gaps Remain

The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal count…

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

Natural Gas

Biogas Producers Amp Americas, BerQ RNG up for Sale -Sources

The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. tax incentives and recent big investments in th…

Natural Gas

North America’s Natural Gas Can Help Mitigate Energy Crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues.

Gas Turbine

GE Deploys First Hydrogen Powered Gas Turbine in Egypt

The demonstrations of the unit running on the mixed hydrogen and gas fuel ran at different times during the United Nations Framework Convention on Climate Chang…

Energy Transition

RWE Plans Renewables Profit Share With German Authorities to Improve Local Acceptance of Energy Transition

German utility RWE will offer profits to municipalities where one of its wind or solar farms is located as part of an expansion of the German Renewable Energies…

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…

LNG

U.S. Gas Prices Jump as Freeport LNG Targets Full Restart in March 2023

U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.

Clean Energy Industries Form Alliance at COP27

Global industry organisations representing wind, solar, hydropower, green hydrogen, long duration energy storage (LDES) and geothermal energy industries have of…

Net Zero Emission

First UK Deployment of Pioneering Net Zero Technology in Scotland

WORLD-LEADING decarbonisation technology will be deployed in the UK for the first time as part of a collaboration between climate tech company Levidian and solu…

Czech Republic

Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan

The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…

Crude Oil

EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials

The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects

SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…

Energy Transition

ADB Sees ‘Significant Progress' in Energy Transition Mechanism

The ETM was launched at COP26 last year.