Analysts reported that Novatek, a Russian natural gas producer, acquired Shell’s stake in the Sakhalin-2 energy project in a lucrative transaction. In June, a presidential decree made the operating company of Sakhalin-2 a Russian entity despite Western sanctions against Moscow for its actions in Ukraine. Following Moscow’s special military operation, Shell was one of many […]
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GM Ventures has signed a strategic agreement to develop EnergyX’s lithium extraction and refinery technology, and Energy Exploration Technologies Inc. and General Motors Co. have made the announcement that GM Ventures will lead a $50 million Series B financing round for EnergyX. Utilizing EnergyX’s innovative process to maximize efficiency and enhance sustainability for GM’s rapidly […]
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OPEC oil maker Algeria is intending to fabricate sun-based energy and gas-worked power plants for sending out power to a few European nations, the country’s Energy Pastor was cited on Wednesday as saying. Mohammed Arkab said that, in order to carry out those projects, the studies are being carried out in conjunction with “European partners.” […]
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A provisional agreement to increase the proportion of renewables in the energy mix of the European Union was reached on Thursday by negotiators from the EU’s parliament and countries in the EU. This is another step in the EU’s green transition. The agreement reached after late-night negotiations, according to the European Council, which represents the […]
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President Joe Biden’s organization is making $450 million accessible for sunlight-based ranches and other clean energy projects the nation over at the site of current or previous coal mineshafts, part of his continuous endeavors to battle environmental change. The White House announced on Tuesday that the infrastructure law for 2021 will provide funding for five […]
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The U.S. Energy Information Administration announced that in the United States, renewable energy-generated electricity will surpass coal for the first time in 2022. After first surpassing nuclear generation last year, renewables also did so in 2022. The expansion of wind and solar power significantly fueled the expansion of renewable energy and contributed 14% of the […]
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Worldwide power request is set to develop at a sped-up speed and Asia will represent half of the world’s power utilization by 2025, the Global Energy Organization (IEA) has said. China, India, and Southeast Asia are expected to account for more than 70% of the rise in global demand for electricity. According to the IEA, […]
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According to the National Infrastructure Commission (NIC), despite Russia’s invasion of Ukraine highlighting the need to reduce reliance on gas for home heating, ministers have made negligible progress in improving the energy efficiency of UK homes. Despite the need for increased investment to meet the UK’s economic and climate goals, the annual report of the […]
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Enel North America, a leading clean energy company in North America, has partnered with Nestle to be the sole tax equity investor for its 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas. In addition, Nestle will acquire the renewable energy attributes from the entire output of the solar plant, advancing the company’s efforts to […]
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In order to protect citizens from sudden price spikes, accelerate the utilization of renewable energy sources, and increase the bloc’s level of independence in a world that is becoming increasingly unstable, the European Union is working on a comprehensive reform of its electricity market. After volatile prices brought millions of people in the 27-nation bloc […]
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