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Energy Investment
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.
Ultra-high voltage grid
China’s State Grid to Invest $22 Bln in Ultra High Voltage Power Lines -Report
China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines.
EU
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 …
Smart Meter
UK Smart Meter Data ‘Set for Five-Fold Growth Over the Next Four Years’
It is estimated that one billion messages were sent over the national smart meter network in July
Wind Farm
Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm
Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…
Smart Meter
Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study
The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…
United States
US Senate Gives Green Light to Landmark Climate Deal
In a head-snapping reversal, Sen. Joe Manchin (D-WV) said July 27 that he had reached a deal with Majority Leader Chuck Schumer on a budget reconciliation packa…
Centrica’s Profits Soar Five-Fold
Profits of Britain’s largest energy supplier increased to £1.34 billion
Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…
Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
LNG
US Takes Over as World’s Largest LNG Exporter
LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day, compared with the second half of 2021
Smart Meter
Italgas – Smart Gas Networks at Core of Investments
Italian gas DSO Italgas is planning €8.6 billion (US$8.8 billion) investments in smart gas meters and other technologies and activities by 2028.
Crude Oil
Guyana Poised to Break $1 Billion in Oil and Gas Revenue This Year
Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022.
Nuclear Fusion
Google and Chevron Invest in Nuclear Fusion Startup That’s Raised $1.2 Billion
Google and Chevron were part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy th…
MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region
Power and utilities companies will have enough businesses as governments in the MENA countries plan to implement US$250 billion worth of power projects includin…
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