EverWind Fuels, founded by private equity veteran Trent Vichie, said that it became the first green hydrogen producer in North America to obtain the permits required for a facility of a commercial scale. Trent Vichie also said that the facility’s first phase of production will be powered by nearby wind and solar assets. In December, […]
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The oil and gas giant Shell reported record profits last year when Russia’s invasion of Ukraine caused energy prices to soar. Profits reached 39.9 billion dollars in 2022, the company’s highest level in 115 years. Energy companies have made record profits ever since the invasion of Ukraine led to an increase in the price of […]
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A Green Deal Industrial Plan has been launched by the European Commission to support the swift transition to climate neutrality and boost the competitiveness of Europe’s net-zero industry. The Plan aims to make the EU’s manufacturing capacity for net-zero technologies and products, which are needed to meet Europe’s ambitious climate goals, more robust by creating […]
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Analysis suggests that household bills in the United Kingdom have increased by 7.2 billion pounds over the past two years due to the way electricity prices are set. Energy providers, regardless of how electricity is produced, pay the highest wholesale price under existing regulations. The most expensive way to generate electricity is through gas-fired power […]
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In 2022, China topped the world in investments in clean energy once more, which may pose a challenge to American efforts to increase domestic manufacturing. A recent study found that China was the location of nearly half of the world’s spending on low-carbon projects. In 2022, the nation will have invested $546 billion in solar […]
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In light of tough market conditions, Shell announced that it is considering closing its home energy retail businesses in the United Kingdom, the Netherlands, and Germany. Over the past year, governments’ efforts to protect consumers from rising bills and skyrocketing wholesale prices have been a challenge for European energy providers. Shell stated that it had […]
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To pursue an initial public offering on the Nasdaq Capital markets exchange, Enlight Renewable Energy Ltd., a global developer of renewable energy, filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission. The Israeli company, which is currently listed on the Tel Aviv Stock Exchange, intends to use the same ticker, ENLT, […]
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According to a study, India’s financial sector is highly vulnerable to the risks associated with the economy’s switch from largely relying on fossil fuels to clean energy. Sixty percent of lending to the mining sector was for oil and gas extraction, while one fifth of manufacturing sector debt was for petroleum refining and related industries, […]
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Pike Solar, a brand-new solar power plant that is being built to serve Colorado Springs Utilities customers, has been acquired by Duke Energy Sustainable Solutions (DESS). Duke Energy Sustainable Solutions is a commercial brand that is not regulated. Global solar power developer JUWI Inc. (JUWI) sold the solar project to DESS. Pike Solar will provide […]
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The Department of Energy (DOE) of the United States unveiled a brand-new program with a maximum funding of $50 million to assist communities across the nation in converting to clean energy systems that are dependable, affordable, equitable, and reflective of local priorities. In order to make their clean energy goals and ambitions a reality, the […]
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