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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…
SMR
NuScale and Prodigy Advance SMR Marine Facility Design
NuScale Power and Prodigy Clean Energy have announced a new concept design for a transportable and marine-based small modular reactor (SMR) power generating fac…
Hydrogen Project
UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station
The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.
Energy Transition
Malaysia’s TNB to Develop 2,100MW Combined Cycle Power Plant
This is scheduled to be in operation in 2031.
Europe’s Energy Crisis Heaps Pain on Heavy Industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…
Wind Turbine
Chinese Wind Turbines Fuel Thailand’s Green Transition
In Thailand’s northeastern Chaiyaphum province, several 120-meter-high wind turbines tower over picturesque hills while delivering clean energy into the local …
Blue Hydrogen Market Revenue to Reach US$4.5 BN by 2030
The market growth is driven by the rising popularity of this technology worldwide. Lately, several global industries and regulatory organisations have begun to …
Natural Gas
EU Edges Towards Gas Price Cap With More Emergency Talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday lef…
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