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South Korea
Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy
Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…
Electric Vehicle Battery
South Korean EV Battery Makers Losing Market Share to CATL and BYD
The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.
Net Zero Emission
Global Leaders get Real about Net Zero Goals at IEA Summit
Top international energy and climate leaders from more than 40 countries took part in the IEA-COP26 Net Zero Summit to identify how to work together to reduce g…
Oil Price
Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply
The group will increase output by 250,000 bpd in May
Offshore Wind Power
Ampelmann Secures Renewables Contracts in Asia Pacific
Ampelmann, the Dutch offshore access provider, has secured five contracts covering eight projects in the Asia Pacific region, five of which are in the renewable…
O&M
Reliance Bangladesh Signs GE for 718MW Plant O&M
General Electric will provide maintenance and digital solutions for a 718MW Bangladeshi combined cycle power plant that will run natural gas-fired and steam tur…
Electric Vehicle Battery
China's Dynanonic Builds LFP Battery Plant in Yunnan
Chinese lithium-ion battery material producer Shenzhen Dynanonic is building a 150,000 t/yr lithium-iron-phosphate battery material facility in Qujing city in s…
Solar Company
GCL-Poly, GNE to Sell 790 MW of Chinese Solar Plants to Cut Debt
Chinese polysilicon maker GCL-Poly Energy Holdings Ltd and its troubled solar plants operating unit GCL New Energy Holdings Ltd, or GNE, are preparing to sell i…
Hydropower Plant
All Eight Units of Wudongde Hydropower Station have been Put into Operation Successfully to Achieve Stable Operation for 100 Days
Since the commissioning of power generation, the No. 10 and No. 3 units of Wudongde Hydropower Station have been in safe and stable operation for 100 days succe…
Power Construction
Brazilian Electricity Prices Under Pressure Due to Low Rainfall
Low annual rainfall in Brazil is restricting hydroelectric production, putting electricity prices under pressure and causing the need for more expensive thermoe…
Coal-Fired Power Plants
Kusile Unit 3 Achieves Commercial Operation
On Wednesday 31 March, 2020 Eskom announced that Unit 3 of the Kusile Power Station achieved commercial operation status.
Energy Transition
Japan to Speed up Investment in Energy Transition
The Japanese government is working on domestic guidelines for local financial institutions providing climate transition finance, as part of efforts to create an…
Oil Refinery
Indonesia’s Cilacap Refinery to Raise Output After Fire
Indonesian state-owned refiner Pertamina will increase gasoline production at its largest refinery, the 348,000 b/d Cilacap plant, to help meet a shortfall caus…
Market Analysis
EIA and FERC Reports Confirm: In 2020, Nuclear Power was Trounced by Renewable Energy, Which Provided
Several reports recently released by the U.S. Energy Information Administration and Federal Energy Regulatory Commission confirm that the mix of renewable energ…
Energy Technology
Grid Balancing Technology Launched by Wärtsilä
The technology group Wärtsilä has launched grid balancing technology - capable of ramping up to 10+ MW in 2 min - to bridge utilities to a 100% renewable ener…
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