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Net Zero Emission

IRENA, Industry Leaders Establish Alliance for Industry Decarbonisation

The industrial sector is responsible for around 28% of GHG emissions.

Nuclear Power Plant

UK Next-Gen Nuclear Tech Boosted With £3.3M

Nuclear technology projects, including innovative High Temperature Gas Reactors, will get a share of the government funding.

Energy Transition

Transport Group CMA CGM Launches $1.5 Bln Energy Fund

French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shippi…

Russian Federation

Enel CEO Awaits Word on Sale of Russian Unit to Lukoil

Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoi…

Oil Price

Will Germany Introduce a Windfall Tax on Energy Firms?

As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…

IRENA Joins Forces with Industry Giants to Drive Decarbonisation

The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the Global Alli…

Smart Grid

$10.5 billion programme for US grid upgrades launched

The US Department of Energy (DOE) is seeking input on a $10.5 billion programme for smart grids and other upgrades to strengthen the country’s electricity grid…

Natural Gas

EU Mulls Energy Price Cap for Certain Generators - Document

The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.

Electric Vehicle Battery

ANZ to Lend Hyundai-LG Energy JV $711 Mln to Make EV Batteries

Australia and New Zealand Banking Group has set up a $711-million lending facility for a joint venture between Hyundai Motor and LG Energy Solution that makes b…

Natural Gas

European Intervention Sees Gas Prices Drop

The EU is looking to separate gas and electricity prices to protect consumers.

ADIPEC 2022

As the world’s most influential gathering for energy industry professionals, ADIPEC 2022, hosted by the Abu Dhabi National Oil Company (ADNOC), will accelerate…

CCS

MHI Wins Contract for Combined Cycle Plant With Carbon Capture in Scotland

Mitsubishi Heavy Industries, Ltd. (MHI) has won a Front End Engineering Design (FEED) contract for a gas turbine combined cycle (GTCC) power plant and carbon ca…

LNG

LNG Investments to Reach $42B Annually in 2024: Report

This is 20 times the investments seen in 2020 which amounted to $2b.

Nuclear Reactor

Ultra Safe Nuclear and Hyundai Engineering Partner on High Temperature Reactor

Ultra Safe Nuclear Corporation, which is working to deploy a gas-cooled micro reactor, said it has a new supplier agreement with Korean EPC firm Hyundai Enginee…

Crude Oil

Crude in U.S. Emergency Reserve Falls to Lowest Since Dec. 1984

Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy.