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Net Zero Emission
U.S. EPA Begins Work to Set up $27 Bln Green Bank
The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …
Electric Car
Vehicle Manufacturers to Double Spending on EVs, Batteries to $1.2 Trillion by 2030
Car makers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.
Brazil
Wind Power Will Quadruple in Brazil by the End of the Decade
The 13th edition of Brazil Windpower, the main congress and fair in Latin America on wind energy, promoted this morning the panel “Production chain and its inp…
Wind Farm
Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets
Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…
Offshore Wind Power
Vena Energy to Develop 2,000MW Offshore Wind Project in Australia
The project will be located off the Victorian Coast in the Gippsland Basin.
LNG
World’s First Emissions-Reducing Integrated Hybrid Drive System for an LNG Plant
Northeast Energy Center (NEC) and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being bui…
Oil Field
UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields
Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…
Electric Vehicle Battery
VW Steps up EV Battery Development and Production
Volkswagen has established partnerships to investigate new battery materials and to establish a large scale battery supply chain.
Electric Car
Nikola Expects Inflation Reduction Act to Lower Hydrogen, Truck Costs
Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy busi…
Norway
Norway Eyes New Rules to Protect Hydropower Supply in Spring, Says Energy Minister
A mechanism to safeguard sufficient hydropower supply in Norway, which could ultimately curb power exports, will likely come in the spring, its oil and energy m…
Hydrogen Project
Germany Is the Site of the World’s Largest Green Hydrogen Project
Fortescue Future Industries and Tree Energy Solutions have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its…
Natural Gas
German Government May Have to Inject Another $39 Billion in Energy Giant Uniper
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.
Wind Turbine
Siemens Gamesa Seals Deal to Supply Finland With 105 MW of Wind Power
Siemens Gamesa selected by Energiequelle for first wind farm together in Finland.
Oil Refinery
Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal
Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.
Electric Car
U.S. Boosts EV Purchases, but Faces Supply Chain Hurdles
The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles.
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