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Electric Car
GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December
BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…
Global Commission Formed to Accelerate Approvals of Renewables, Green Hydrogen
It is expected to present its recommendations to the UN General Assembly in September 2023.
Solar Cell
All-Perovskite Tandem Solar Cell Boasts High Efficiency, Record Voltage
Engineers have developed a new solar cell with a record voltage and (arguably) a record efficiency for its kind.
Net Zero Emission
Drop Coal or Forget the 1.5°C Target, Says IEA
The global demand for coal has been at record highs for the last ten years, new report has warned.
Electric Car
EV Makers Burning Cash Due to Sky-High Raw Material and Production Costs
Many EV start-ups recorded huge losses in September quarter and warn high costs are here to stay due to surging inflation and global supply chain crisis.
Coal-Fired Power Plants
South Africa’s Energy Crisis May Last for Years
South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the curr…
OPEC
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …
Carbon Emissions
Global CO2 Emissions in 2022 ‘Remain at Record Levels’
Projected emissions from coal and oil are above their 2021 levels, according to a new report.
Nuclear Reactor
COP27’s First-Ever Nuclear Pavilion – a Sign of Revival for the Sector
“Nuclear power is making a comeback—and in a strong fashion.” So said IEA executive director Fatih Birol on the renewed interest in nuclear power across the …
HVDC
Equinor and Hitachi Energy to Develop High-Tech HVDC/AC Grid Connectors
The energy giants have announced a collaboration to develop standardised base designs for High-Voltage Direct Current (DC) and Alternating Current (AC) transmis…
Wind Turbine
Vestas Secures 300 MW Order of EnVentus Turbines for Goose Creek Wind
Vestas has received a 300 MW order from Apex Clean Energy to power the Goose Creek Wind project in Illinois, the US.
Natural Gas
Natural Gas Prices Slide as Bearish News Continues to Mount
The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week.
World Burning up Faster That It Can Recover, Says Pakistan’s PM at COP27
Pakistan’s Prime Minister Shehbaz Sharif has urged richer nations to support countries that are recovering from the effects of climate change.
Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
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