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Wind Turbine
Wind Turbine Maker Vestas Q2 Hit by Higher Costs
Wind turbine maker Vestas on Wednesday reported a bigger-than-expected second-quarter operating loss hit by higher costs.
Oil Price
Oil Prices Dip After Industry Data Shows U.S. Crude Stockpiles Rising
Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.
Biomass Power Plant
Italian Scheme to Support Biomethane Production Granted EU Approval
The biomethane produced will be injected into the national gas grid for use in the transport and heating sectors.
Electric Car
IoT-Enabled Electric Charging Pilot to Ramp up New York EV Infrastructure
Connected Kerb has been selected by the New York City Department of Transportation (NYC DOT) and Newlab for a flagship internet of things (IoT)-enabled electric…
EU
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…
Pumped Storage
Bechtel Wins Work on Australian Pumped Hydro Facility
BE Power and GE Renewable Energy have selected Bechtel to support the planning for a new pumped storage hydro energy facility named Big-T at Lake Cressbrook in …
Carbon Emissions
Climate Change Compensation Fight Brews Ahead of COP27 Summit
Tensions are mounting ahead of this year's U.N. climate summit, as vulnerable countries ramp up demands for rich countries to pay compensation for losses inflic…
Wind Turbine
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 20…
LNG
Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets
Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…
Oil Price
Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build
Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …
Distributed Grid
Shell to Collaborate With NREL on Grid Edge Solutions
The US Department of Energy (DOE) has selected Shell, Spirae LLC, Electrical Grid Monitoring Inc., and Israel Electric Corporation to partner with the National …
Wind Farm
Neoen, Flow Power Ink 40MW PPA for Wind Farm in Australia
Goyder South Stage 1 wind farm is expected to operate in 2024.
Oil Refinery
Global Refining Capacity to Expand With New Projects in Middle East, Asia
The world’s refining capacity is expected to increase by nearly 3 million barrels per day (bpd) by the end of next year when at least nine refinery projects ar…
Electric Car
Tesla Shareholders to Vote on Yet Another Stock Split
Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years.
Natural Gas
Will Centrica’s Rough Open Its Reservoir for Britain’s “Roughest” Winter?
The reopening is predicted to help the country cement its gas stocks amid fears of shortages
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