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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions

Energy Investment

£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions

Geothermal Power Plant
15-08-2022

New Zealand’s Contact Energy to Reinforce Renewable Energy Generation With $193 Million Investment
New Zealand's Contact Energy said on Monday it would spend NZ$300 million to build a 51.4 megawatt geothermal power unit near its Te Huka power station in Taupo, that would help bolster its renewable power generation amid high demand.
Natural Gas
15-08-2022

German Finance Minister Writes to Brussels Over VAT Exemption for Gas Levy
German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limited period of time, a copy of his letter seen by Reuters showed on Sunday.
Solar Power Plant
13-08-2022

PPC Renewables Invites Bids for Greece’s Solar PV Plant
A 550MW solar photovoltaic plant will be built in Ptolemaida at a cost of €216m and will be completed by 2024, becoming Greece’s biggest solar PV plant.
Solar Power Panel
12-08-2022

The $369 Billion Promise That Sent Clean Energy Stocks Soaring
For clean energy stocks, the result has been immediate, with solar stocks, in particular, soaring as soon as it became clear that the bill would be passed.
United Kingdom
11-08-2022

E.ON Makes More Than £3BN in Profit in First Six Months
The global energy group said EBITDA declined by £591 million.
11-08-2022

Vestas Sells Converters and Controls Business to KK Wind Solutions
Vestas continuously looks for partners that can support its strategic focus on its core business and help scale renewables efficiently in the long-term.
Australia
11-08-2022

Australia’s Energy Industry Posts 16.7% Mom Turnover Growth in June
It has the largest percentage growth for two consecutive months.
Wind Power Project
10-08-2022

Colombia Announces the First Offshore Wind Energy Tender
The Colombian Ministry of Mining and Energy has launched the country’s first offshore wind lease round and expects to grant permits for the use of marine areas in the second half of 2023.
10-08-2022

Shell Completes Acquisition of Renewable Platform Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited, and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
EU
09-08-2022

EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers and other raw materials.
Australia
09-08-2022

Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the National Electricity Market (NEM) will have an annual median price of around $200/MWh, up until FY2025.
09-08-2022

Baker Hughes Acquires Power Generation Division of Brush Group
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners.
United States
09-08-2022

U.S. Senate Passes Inflation Reduction Act to Energy Industry Applause
The clean energy industry celebrated a moment on August 7, 2022, that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure that includes the largest investments in clean energy and climate change in US history.
Wind Turbine
09-08-2022

Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 million euros ($204 million) due to the restructuring of its business in Russia.
Carbon Emissions
08-08-2022

U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more carbon intense and less efficient than renewable diesel.
08-08-2022

Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Energy Transition
08-08-2022

Masdar Signs Agreement With Tanzanian Utility for Renewable Energy Projects
Abu Dhabi's clean energy company setting up joint venture with Tanesco in Tanzania to develop projects with combined capacity of two gigawatts
07-08-2022

Getech Secures Contract for Geoscience Platform
Getech has signed a US$1.1 million multi-year contract with an international energy company for its Globe platform and launched the next generation of this tool that models the Earth’s evolution over the last 400 million years.
Energy Investment
05-08-2022

Biden Administration to Invest Us$26 Million in Renewable Grid Demonstration Projects
US President Joe Biden has launched a US$26 million-funded project that will demonstrate the US electricity grid can reliably run entirely on renewables and energy storage.
Energy Investment
05-08-2022

Investment in Renewables Hits Record $226BN Despite Supply Chain Woes
Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.
05-08-2022

Adani Green Energy’s Cash Profit up 48% YoY to $86M in Q1 FY23
Its operational capacity rose 65% YoY to 5,800MW.
United Kingdom
04-08-2022

British Solar Renewables Acquired by ICG Infra
It aims to have more than 1.5GW of renewable energy capacity in operation over the next five years.
Energy Investment
04-08-2022

Octopus Energy, Nest, and GLIL invest in Hornsea One
Octopus Energy Group’s generation business has worked with Nest to take a stake in the Hornsea One Wind Farm.
Japan
04-08-2022

Japan’s JERA Posts JPY11.7B Loss in Q1
This is a JPY75.8b drop from the JPY64b profit last year.
EU
03-08-2022

EU Approves 3-Billion-Euro German Green Heating Scheme
The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district heating programmes.

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