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Natural Gas
Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs
espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…
Decarbonization
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…
Solar Panel
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…
Green Hydrogen
Engie And Morocco's OCP Renewables Deal Worth Billions, Says Source
Morocco's phosphates and fertilizer giant OCP and French energy firm Engie ENGIE.PA signed a preliminary agreement on Monday for projects that could generat…
United States
US Governors Push Back on PJM After Record-High Power Plant Prices
A group of five governors on Tuesday urged PJM Interconnection, the largest U.S. grid operator, to change the process it uses to determine the price paid to pow…
Power Construction
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden, sending the stock to a record high.Alm…
Natural Gas
Big Oil Sees AI Boom Driving ‘Crazy Demand’ for US Natural Gas
A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming …
Wind Power Project
Developers Nab Leases to Build New England Floating Wind Farms
Avangrid Inc. and Invenergy LLC units secured leases to install wind turbines across some 439,000 acres in the Gulf of Maine during a US government auction Tues…
Nuclear Reactor
Sweden’s Nuclear Revival in Question as Green Hangover Spreads
Sweden’s nuclear revival risks being undermined as more companies pull the brakes on large power-hungry green projects designed to clean up some of the wo…
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Combined Heat and Power
Australia’s First Manufacturing Facility Fully Powered By Renewable Energy
After a multi-year collaboration with us, Mars has announced a renewable energy milestone. Mars Petcare facility at Wodonga (Mars Wodonga) in Victoria will beco…
Wind Farm
Port Of Tyne Supports Construction Of World’s Largest Wind Farm
A significant milestone has been reached in the construction of Sofia, the world’s largest offshore wind farm, with the Port of Tyne playing an integral r…
Hydrogen Project
Ge Vernova To Supply Gas Turbine For YTL Powerseraya’s Hydrogen-ready Power Plant In Singapore
GE Vernova has secured a contract to supply its 9HA.01 gas turbine for YTL PowerSeraya’s new 600MW hydrogen-capable combined cycle gas turbine (CCGT) powe…
Battery
LG Energy Solution Announces ESS Revenue Growth, New Products
LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…
Oil Price
BP Beats Estimates Despite Lower Oil Prices
FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter.On Tuesday, it posted an underlying replacement cost profit, used as a pr…
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