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Energy Transition
Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…
Natural Gas
Eni Can Double Italian Gas Production in 30-36 Months, CEO Says
In the next two and a half to three years Eni could almost double its gas production in Italy, the energy group's CEO said on Wednesday.
Oil Price
IEA's Birol Says $100 Oil 'Real Risk' for Economy
The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.
India
India's First Green Bonds to Fund New Climate Finance Projects
The Indian government's first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects.
Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
Energy Saving
Machine Learning Helps Create High-Performance Thermoelectric Devices
Engineers at the University of Notre Dame have created a machine-learning-assisted method to build high-performance thermoelectric devices.
Crude Oil
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …
Electric Car
Autos Giant Renault Is Betting the Market for Gasoline Cars Will Continue to Grow
Renault’s focus on the internal combustion engine comes at a time when some big economies are looking to move away from vehicles that use fossil fuels.
Net Zero Emission
France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels…
United States
NREL Develops Cybersecurity Tool to Flag Threats to Electric Grid
The National Renewable Energy Laboratory (NREL) has developed an intrusion visualisation tool, IViz-OT, which can locate and visualise anomalies on the electric…
Brazil
EDP Brazil Shrinks Hydropower Portfolio in Favour of Solar
EDP Brazil said it believes in a future with more solar energy in its portfolio, in addition to more investments in distribution and transmission.
United States
Chevron and JERA Jointly Pursue Lower-Carbon Solutions in the US and Asia Pacific
Chevron New Energies, Chevron’s unit focusing on low-carbon fuels, and Japanese energy giant JERA have agreed to collaborate on multiple lower-carbon opportuni…
ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022
Its operating income before impairment loss and other expenses grew by 11% YoY.
Energy Transition
Panama, Uruguay, and Norway Join Clean Energy Marine Hubs Initiative at COP27
The governments of Panama, Uruguay, and Norway have signed up to the Clean Energy Marine Hubs Initiative, a worldwide cross-sector initiative aimed at catalyzin…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
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