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Erg
EIB Approves €4bn in Clean Energy Investment
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…
Energy Transition
ADB Sees ‘Significant Progress' in Energy Transition Mechanism
The ETM was launched at COP26 last year.
Jordan
Masdar to Develop 2GW Renewables in Jordan
Jordan seeks to increase its share of renewable energy to 50% by 2030.
Net Zero Emission
U.S. Aims for Zero-Emissions Heavy-Duty Vehicles by 2040
The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S. energy s…
Electric Car
New G20 Irritant for Biden: Restrictive U.S. Electric Vehicle Tax Subsidies
Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia's ambitious energ…
Energy Storage System
Australia’s Largest-Ever 1,200MW Battery Storage System to Be Built in Melbourne
Construction for the largest Battery Energy Storage System (BESS) ever deployed in the Asia-Pacific will begin in Melbourne, eventually supporting up to 1,200MW…
Energy Transition
The Energy Transition Will Fail Unless Industry Fixes Wind Power Issues, Siemens Energy CEO Says
Siemens Energy says its “overall performance” has been “held back by the negative development at Siemens Gamesa Renewable Energy,” a wind turbine manufactur…
Net Zero Emission
COWI to Support Equinor’s Energy Transition
To fulfil the Paris Agreement and become carbon-neutral by 2050, the world has started a decisive global transition to low carbon and renewable energy, with off…
Energy Storage Project
US Long-Duration Energy Storage Demos to Receive $350M Funding
Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.
United Arab Emirates
Jordan, Israel, UAE Tie Up to Advance Project Prosperity
The countries seek to develop clean energy and sustainable water desalination.
Electric Car
GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December
BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…
Electric Car
InoBat Inks Declaration for EV Battery Gigafactory in Serbia
InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…
Energy Transition
Just Transition Support Platform for Developing Countries Launched
This forms part of the ADB’s commitment to ensure build capacity of developing countries.
Energy Transition
Indonesia to Get $20B Under Just Energy Transition Partnership
The country’s plans include peaking the power sector’s total emissions by 2030.
South Korea
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…
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