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Solar Cell
Solar Cells Market revenue to cross USD 37 Bn by 2028: Global Market Insights Inc.
The solar cells market size is expected to record a valuation of USD 37 billion by 2028, according to the most recent study by Global Market Insights Inc.
Energy Transition
AfDB Pledges $2.8bn Towards South Africa for Energy Transition
African Development Bank Group President Dr Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for t…
LNG
U.S. to Supply 15 bcm of Additional LNG to Europe in 2022
The United States will work to ensure it supplies 15 billion cubic metres (bcm) of liquified natural gas (LNG) to European Union markets this year, as Europe se…
Shell to Invest up to £25 Billion in UK Energy System over Next Decade
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
China
China's Annual Energy Production Capacity to Be 4.6 Bn MT Coal by 2025
China recently decided to raise its annual comprehensive energy production capacity to over 4.6 billion metric tonnes of standard coal by 2025.
Electric Car
LG Invests $1.4 Billion into First US Cylindrical Battery Plant
LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…
Smart Meter
Smart Electricity Meters Market to Surge to $15.2 Billion by 2026
A new market study by Global Industry Analysts Inc. (GIA) shows that the global market for smart electricity meters is expected to reach $15.2 billion by 2026.
Carbon Emissions
Global Carbon Dioxide Emissions at Historic Highest in 2021: IEA
Global energy-related carbon dioxide emissions rose by 6 per cent in 2021 to 36.3 billion tonnes, their highest ever, as the world economy rebounded strongly fr…
Oil Price
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
Oil & Gas Supply
Europe Can Survive Throughout Summer Without Russian Gas
If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.
United States
Washington Hydrogen Economy Gets a Boost from New Bipartisan Legislation
The Washington Green Hydrogen Alliance has praised the new bill for its spectrum of potential.
Oil & Gas Supply
Uganda’s Oil and Gas Prospects Expected to Improve in 2025
Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…
EU
EU Can Tap Geothermal Potential to Cut Russian Gas - EGEC
EGEC has calculated that the EU can reduce its use of Russian gas by 3 billion cubic metres (bcm) this year with the help of geothermal district heating and coo…
Africa Can Adopt Renewable Energy on a Massive Scale and Save Billions Along the Way
When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance.
Crude Oil
BP may Take $25 Billion Hit from Divestment from Russian Oil Company
BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…
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