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Net Zero Emission
Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution
DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Buildi…
Offshore Wind Power
UK Oil and Gas Firms to Put £250Bn into Low Carbon Energy by 2030
New analysis has uncovered how spending may look for these companies in the next decade.
Solar Power Panel
US Agrivoltaics Benefit From Government Funding Boost
The U.S. Department of Energy Solar Energy Technologies Office announced the Foundational Agrivoltaic Research for Megawatt Scale funding opportunity.
Wind Turbine
GE Renewable Energy Buys Minority Stake in 3D Printing Firm
COBOD has provided GE Renewable Energy with a 3D concrete printer to use at its new R&D facility in New York.
Electrification
$15.5M Investment into Zambia’s First Renewable Energy Buyer
InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Afric…
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
Net Zero Emission
Bp to Invest £18 Billion in UK Energy System by 2030
bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to…
Shell Buys Sprng Energy Group for US$1.55Bn
Shell believes its purchase of Sprng Energy Group will enable it to become a leader across the power value chain in the rapidly growing India market.
Carbon Emissions
Investing in China’s Sustainable Finance Boom
China is the world’s largest economy in purchasing power parity, the world’s largest annual emitter of greenhouse gas emissions and the world’s largest renew…
LNG
TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit
French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG…
United Kingdom
UK Power Networks Unveils New Flexibility Tender
The tendering process will be for 292MW of power across 113 sites in London, the East and the South East of England.
Net Zero Emission
UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered
Emerging markets told they need to invest an additional $94.8tn to meet long-term global warming targets.
United States
DOE Funnels $12M to Enhance US Energy Systems’ Cybersecurity
The US department of energy (DOE) has announced $12 million for six new research, development and demonstration (RD&D) projects that will develop cybersecurity …
World Needs to Spend an Additional $1.3Bn on Energy by 2030
A new report found that oil and gas need a boost in contrast to previous IEA report which urged governments to stop new fossil fuel plans.
Energy Storage Battery
CATL’s Revenue Hits USD 20 Bn, Full-Year Net Profit Dips to 26.28%
Amid increasing raw material cost and China’s zero-COVID policy, CATL’s net profit was down by 1.48 percentage points to 26.28%
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