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EU
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…
Electric Car
Super-Fast Charging Method to Optimize Electric Vehicles
Even though electric cars are becoming increasingly popular, many people are still hesitant to switch. One factor is that starting an electric vehicle takes so …
Mexico
As Mexico Stalls Major Solar Projects, Companies Turn To Smaller Workarounds
With alternative energy projects stalled in Mexico due to controversial energy reforms, companies are increasingly turning to smaller-scale renewable options th…
Wind Farm
MIT Data Modeling Tool Optimises Wind Farm Output
Research engineers have found that the energy output of multi-turbine wind farms can be increased by modeling the wind flow of the entire array of turbines and …
Electric Car
Australian Bank to Scrap Loans for New Diesel and Gasoline Cars as Country Looks to Increase EV Uptake
According to the International Energy Agency, electric vehicle sales hit 6.6 million in 2021.
Oil Price
Oil Prices Ease as Russia Output Increases
Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on…
Energy Storage Battery
Inflation Reduction Act Prompts Turkish Company to Increase US Gigafactory Output to 3GWH
Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Red…
Energy Storage Battery
Blackrock Makes $700 Million Investment in Australian Battery Storage
Effective, large-scale storage systems are set to become increasingly important as renewable energy capacity expands.
Natural Gas
Heatwave Sends European Gas Prices Higher
Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.
Oil & Gas Supply
Switch From Gas Boosts Oil Demand, but Economic Headwinds Loom - IEA
Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, i…
Electric Car
Berkeley Lab Offers a Brief on EV Retail Rate Design Basics
Electric vehicle (EV) adoption has increased significantly over the past several years, with 640,000 EVs sold in the US in 2021, more than double the number sol…
Iran
Iran Nuclear Talks End With ‘Final Text’, No Agreement
Talks to revive the 2015 nuclear deal with Iran ended in Vienna on Monday, with a final draft that, if agreed upon by all parties, will see a restoration of th…
EU
EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…
Energy Storage Battery
Geothermal Energy Player Ormat’s Battery Storage Strategy Paying Off
US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% during the second quarter of this year, as revenues inc…
Crude Oil
BP Profit Triples on Soaring Energy Prices
Oil company reveals profits increased to a 14-year high.
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