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Germany
EDP Renewables Acquires Solar Development Platform Based in Germany
The company announces it has reached an agreement for the acquisition of a 70% stake in Kronos Solar Projects GmbH.
Wave Energy
The Wave Power Generator Experts Say ‘Proves Ocean Energy Can Work’ Is Already Powering Australian Homes
For the first time in Australia's history, a wave energy converter trial has successfully generated energy from the chaotic and wild ocean waves to power homes.…
Oil Price
South Africa Authorities to Cut Fuel Pump Prices From Wednesday
South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices since the Ukraine w…
Oil Price
Oil Prices Slip Ahead of OPEC+ Meeting
Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.
OPEC
OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement
OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.
Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
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…
Natural Gas
Japan Should Consider Alternative Power Sources to Avoid Supply Shortage: Fitch
Natural gas holds the largest share in the country’s power mix.
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…
OPEC
OPEC+ May Keep Production Quota Unchanged at Next Week’s Meeting
The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources t…
Solar Power Panel
ENERPARC Refinances 315 MW Solar Portfolio
ENERPARC, Commerzbank, and Landesbank Baden-Württemberg have concluded one of the largest German transactions to refinance a 315 MW photovoltaic (PV) portfolio…
Nuclear Reactor
Canada’s National Nuclear Lab Backs Fuel Development for Arc Fast Reactor
Canadian Nuclear Laboratories and ARC Clean Energy Canada have agreed to collaborate on a two-year joint project to “deliver a technology demonstration for the…
Energy Storage Battery
Northvolt Turns to Trees With Wood-Based Batteries
Volkswagen-backed battery developer Northvolt and Stora Enso are joining forces to create sustainable batteries using lignin-based hard carbon produced with woo…
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.
Hydrogen Fuel Cell
Will Hydrogen Cars Replace Electric Cars?
The demand for clean power sources in vehicle-related technology is increasing daily due to harmful effects caused by toxic emissions from internal combustion e…
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