Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
U.S. faces “many gaps” in manufacturing offshore wind farms
Freeport LNG necessary for global markets in 2023 - Rystad Energy’s North America Gas and LNG Market Update
| February 07, 2023 | Energy
Global gas markets experienced a wild ride in 2022, with no shortage of volatility for market participants.
VFlowTech raises US$10M in Series A funding to expand global reach of vanadium-based renewable energy storage solutions
| February 07, 2023 | Energy | Alternative
As the effects of the global energy crisis in 2022 continue to be felt, investment in renewables and acceleration of cleantech look to remain strong despite geopolitical and market headwinds. One game-changer in the space proving investor confidence is VFlowTech, a Singapore-based provider of vanadium-based redox flow batteries. Today, the company announced a $10 million Series A round led by Real Tech Holdings, with investments from Pappas Capital, SEEDS Capital, Pappas Capital, Wavemaker Partners, Sing Fuels, İnci Holding and Carbon Zero Venture Capital.
Coal and natural gas plants will account for 98% of U.S. capacity retirements in 2023
| February 07, 2023 | Energy
In 2023, operators plan to retire 15.6 gigawatts (GW) of electric-generating capacity in the United States, mostly natural gas-fired (6.2 GW) and coal-fired (8.9 GW) power plants, according to our Preliminary Monthly Electric Generator Inventory.
French trains and oil refineries hit in new pension strikes
| February 07, 2023 | Energy | Intermodal | Rail
US-EU minerals deal ‘promising’ route, German economy chief says
| February 06, 2023 | Energy | Alternative | International Trade | Commodity
The EU needs to compete for clean tech sovereignty
| February 06, 2023 | Energy | Alternative
Governments and institutions around the globe are seeking immediate fixes and long-term solutions to the ongoing energy crisis, exacerbated by the ongoing war between Russia and Ukraine. Mainland China, already in pole position in terms of access to critical raw materials (CRM) and processing, is relaxing regulations to encourage energy intensive companies to relocate, while the Inflation Reduction Act in the US at the end of last year offered simple tax breaks enticing companies to set up shop in the country.
Volvo may move investments to US if Europe’s green-tech push falls short
| February 06, 2023 | Energy | Alternative | Trucking
Volvo AB is joining a growing roster of manufacturers considering moving investments to the US if Europe doesn’t bolster aid in response to Joe Biden’s landmark green subsidy push.
Europe risks new age of protectionism in joining US subsidy race
| February 06, 2023 | Energy | Alternative
Joe Biden’s clean technology law has dragged the European Union into a subsidy fight that may trigger a transatlantic trade war, just as the allies are joining forces against Russia’s invasion of Ukraine.
Damen presents floating offshore wind support vessel
| February 06, 2023 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Impressive concept for securing floating wind turbines
ABB expands in Asia with new electrical service teams in Vietnam and Japan
| February 06, 2023 | Energy
• ABB is scaling up its service presence in Vietnam and Japan in response to rising demand • Expansion bolsters ABB’s Asia service offering, which now includes 38 service workshops and 400 field engineers • It will help utility, industrial and commercial customers to improve performance, extend lifetime and operational efficiency of electrical assets
Sustainability will propel the Latin American wind turbine market to expand at a CAGR of around 7% between 2022 and 2032| Future Market Insights
| February 06, 2023 | Energy | Alternative
More than half of new U.S. electric-generating capacity in 2023 will be solar
| February 06, 2023 | Energy | Alternative
Developers plan to add 54.5 gigawatts (GW) of new utility-scale electric-generating capacity to the U.S. power grid in 2023, according to our Preliminary Monthly Electric Generator Inventory. More than half of this capacity will be solar power (54%), followed by battery storage (17%).
BMW wants to hitch a hydrogen ride at future truck stations
| February 06, 2023 | Energy | Alternative | Trucking
BMW AG is hoping to piggy-back on future hydrogen fueling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel..
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
| February 06, 2023 | Energy | Alternative | Ports & Terminals | Terminals
Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd (“Gunvor”), giving it access to the Gunvor concession in the Antwerp port area. Vopak is committed to sustainably redeveloping the site.
London’s power grid at risk from union’s strike threat
| February 06, 2023 | Energy
Russia sends more oil by sea, but Kremlin’s war chest pressured
| February 06, 2023 | Energy | Maritime | Bulk
Oil holds climbs from one-month low on dual supply outages
| February 06, 2023 | Energy
Turkey halts oil flows to Mediterranean port after quake
| February 06, 2023 | Energy
South Africa’s coal export snags worsen as rail shipments slump
| February 06, 2023 | Energy | Conventional | Intermodal | Rail
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