Ut

EU

EIB Group Supports REPowerEU Plan With €30BN Financing

Package of new, targeted financing is expected to mobilise up to €115bn of new investment by 2027, contributing to ending energy dependency on Russia.

Nuclear Power Plant

U.S. Developing Domestic Uranium Strategy -Energy Secretary

The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce depend…

Hydropower Plant

Norway’s Power Outlook Improves After Efforts to Save Water

Norway's depleted hydropower reservoirs have received a boost in the past few weeks from rain and efforts to save water, but stocks will remain low by the end o…

Electric Car

Tackling the Biggest Challenges Facing EV Adoption

UT Austin researchers are looking to tackle two of the biggest problems facing widespread EV adoption.

Hydrogen Project

ACWA Power and Industrial Development Corporation of South Africa (IDC) Set to Explore Green Hydrogen Projects in South Africa

Agreement intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at $10 billion.

CCS

Babcock & Wilcox to Test Carbon Capture for Waste Coal and Biomass Project

US-based energy services company Babcock & Wilcox (B&W) was awarded a contract to study its carbon capture solution at a waste coal and biomass plant currently …

Hydrogen Project

UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station

The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.

Energy Transition

Malaysia’s TNB to Develop 2,100MW Combined Cycle Power Plant

This is scheduled to be in operation in 2031.

Europe’s Energy Crisis Heaps Pain on Heavy Industry

Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…

BlackRock Raises $4.5 Bln for Climate-Focused Infrastructure Fund

BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects.…

Nuclear Technology

Canada Commits C$970 Million to New Nuclear Power Technology

Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part…

Oil Price

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…

United Kingdom

UK North Sea Firm Ithaca Energy Presses Ahead With London Listing

North Sea oil and gas producer Ithaca Energy said on Tuesday it was going ahead with its plans to list in London and was seeking admission of its ordinary to th…

Natural Gas

EU Countries Look to Map Out Path to Gas Price Cap

European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks bef…

Net Zero Emission

Carney Says New Data Will Hold Banks Accountable for Climate Progress

Former Bank of England governor Mark Carney said a new data utility being set up by an environmental group he leads will make banks and other institutions accou…