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France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
Electric Vehicle Battery
Eramet Examining Doubling of Lithium Capacity in Argentina
Eramet is studying potential to double a production target for its lithium project in Argentina as it responds to growing demand for minerals used in electric v…
LNG
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…
LNG
Shell Posts $9.5 Bln Profit, Plans to Boost Dividend
Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…
Energy Storage Battery
Masdar Acquires UK-Based Bess Developer, Arlington Energy
UAE-based renewable energy giant says acquisition will allow it to expand its UK and European presence and support net-zero objectives of other countries.
Electric Car
Tackling the Biggest Challenges Facing EV Adoption
UT Austin researchers are looking to tackle two of the biggest problems facing widespread EV adoption.
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Net Zero Emission
Saudi Aramco Unveils $1.5BN Sustainability Fund
It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.
Solar Technology
Egypt’s First Financed Solar Battery PPA Project Secures Financing
A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project.
Energy Transition
TotalEnergies Buys Stake in Brazilian Renewables JV
TotalEnergies and Brazillian developer Casa dos Ventos (CDV) have created JV to jointly develop, build and operate the latter's 12GW renewables portfolio.
Iberdrola Renewables Investment Rises
Iberdrola invested almost €8bn globally in the first nine months of 2022, an increase of 14%, with 90% of funding allocated to renewables and smart grids.
CCS
Babcock & Wilcox to Test Carbon Capture for Waste Coal and Biomass Project
US-based energy services company Babcock & Wilcox (B&W) was awarded a contract to study its carbon capture solution at a waste coal and biomass plant currently …
Energy Transition
Google and C40 Cities Launch Carbon-Free Energy Pilot
A new programme has been announced by Google and C40, a global network of mayors taking action to confront the climate and energy crisis, to explore and integra…
Solar Power Panel
More Space Between Solar Panels Can Increase Efficiency – Study
Latest analysis from the US National Renewable Energy Laboratory (NREL) has shown that spacing solar panels further apart can increase efficiency and improve ec…
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