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Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal

Malaysia’s state-owned power utility has entered into a key cross-border agreement with Keppel Renewable Energy to supply up to 100 MW of electricity. This comes after Singapore’s Energy Market Authority (EMA) extended Keppel’s licence to...

Texas grapples with power demand from data centres and cryptocurrency mining

Electricity consumption in Texas is rising faster than any other state, driven largely by computing facilities and cryptocurrency mining, according to the US Energy Information Administration (EIA). The Electric Reliability Council of Texas (ERCOT)...

UK Chancellor commits £22bn to carbon capture projects in northern England

UK Chancellor Rachel Reeves has announced a £22 billion ($28.97 billion) investment in carbon capture and storage (CCS) projects in Merseyside and Teesside. Spread over 25 years, the funding will support capturing emissions from energy producers...

Yara inaugurates ammonia import terminal in Germany

Yara International has inaugurated its new ammonia import terminal in Brunsbüttel, Germany, strategically located at the junction of the North Sea and Kiel Canal. The terminal will have the capacity to import up to three million tonnes of...

KEPCO partners with local government for renewable energy expansion

South Korea’s Korea Electric Power Corporation (KEPCO) has signed a business agreement with Gwangju Metropolitan City and Jeollanam-do Province to boost renewable energy production and grid modernization in the Honam region.  The collaboration...

Google announces renewable energy partnerships in India

Google has announced two significant partnerships with Adani and CleanMax in India to enhance the country’s power grid with new renewable energy projects. These initiatives support Google’s goal of decarbonising its cloud services and...

US DOE commits $1.5bn to strengthen power grid infrastructure

The US Department of Energy (DOE) has pledged $1.5 billion to improve the country’s power grid infrastructure, funding four transmission projects that will add nearly 1,000 miles of new lines and 7.1GW of capacity. The investment aims to...

EC approves €1.2bn Polish scheme for electricity storage capacity

The European Commission has approved a €1.2 billion ($1.32 billion) Polish initiative to support the development of at least 5.4GW of new electricity storage capacity. The scheme, part of the State aid Temporary Crisis and Transition Framework...

Corrosion issues delay Palisades nuclear reactor restart plans

Corrosion cracking in the steam generators at the Palisades nuclear reactor has significantly exceeded estimates, according to a report published by the US Nuclear Regulatory Commission (NRC) on 2 October. The findings come shortly after the Biden...

Europe’s electrification stagnates as industrial slowdown impacts power demand

A new report by Eurelectric, titled Power Barometer 2024, reveals that Europe’s electrification rate has stagnated at 23% for the past decade, falling short of its 50% target by 2040. The stagnation is largely driven by an industrial slowdown and...

SolaX Power announces $1.5bn energy storage investment in China

SolaX Power has announced a $1.5 billion investment to build a research and manufacturing facility in Zhejiang Province, China, aimed at advancing utility energy storage and integrated smart energy systems. Of the total, $1.078 billion will be...

Origin Energy to exit hydrogen project in NSW citing slow market development

Origin Energy has decided to exit the Hunter Valley Hydrogen Hub (HVHH) project in New South Wales due to slower-than-expected hydrogen market development. CEO Frank Calabria explained that while hydrogen has potential in the future energy mix...

Powin secures $200m credit facility for energy storage expansion

Powin, an energy storage solutions provider, has secured a revolving credit facility of up to $200 million, primarily from insurance accounts managed by investment firm KKR. The funding will support Powin’s working capital, drive innovation...

Axess Technologies secures cable installation contract for Denmark’s Thor offshore project

Axess Technologies has won a contract from HSM Offshore Energy to install platform cables at the 1060MW Thor offshore wind farm, located off Denmark’s west coast. The project, starting in Q1 2025, involves the installation of 66kV and 275kV internal...

Colombia seeks $40 billion to fund energy transition

Colombia announced plans to attract $40 billion in investment to support its transition from fossil fuels to a low-carbon economy. Under President Gustavo Petro, the government halted new oil, coal, and gas exploration last year, reinforcing its...

China pumped in over $100 billion overseas in cleantech since 2023

Chinese firms have invested over $100 billion in overseas clean energy projects since 2023, according to a report by Australian research group Climate Energy Finance (CEF). The investments, largely aimed at circumventing tariffs in the U.S. and other...

Texas approves Permian Basin Reliability Plan to meet electricity demand

The Public Utility Commission of Texas (PUCT) has approved the Permian Basin Reliability Plan, which supports the expansion and electrification of the US’s largest oilfield to address growing electricity demand. The plan stems from a report by energy...

RES sells 436.5 MW Tarong West Wind Farm to Stanwellin Australia

Renewable energy company RES has agreed to sell the 436.5MW Tarong West Wind Farm in Queensland, Australia, to Stanwell, making it the largest publicly owned wind farm in the country.  Stanwell CEO Michael O’Rourke highlighted the project’s...

Rosatom begins El-Dabaa NPP’s Unit 2 inner containment installation

Russian state nuclear company Rosatom has initiated the installation of the Inner Containment for the reactor building at Unit 2 of Egypt’s El-Dabaa Nuclear Power Plant. This reinforced concrete structure, capped with a semispherical dome, is...

GE Vernova to supply turbines for Boulder Creek Wind Farm in Queensland

GE Vernova has partnered with Aula Energy and CS Energy to supply 38 of its 6MW, 164m turbines for the Boulder Creek Wind Farm in Queensland, Australia. Located 40km southwest of Rockhampton, this project is the first standalone project-financed...

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Power Sector News Roundup for November 21, 2024

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens...

SEFE, Eletrobras, and EnerTech partner to supply green hydrogen to Germany

Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have signed a Joint Study Agreement...

Voltalia and TAQA Arabia partner for Zafarana wind farm in Egypt

Voltalia and TAQA Arabia have signed a memorandum of understanding (MOU) with Egypt’s Ministry of...

Synera Renewable secures permit for Formosa 4 wind project in Taiwan

Synera Renewable Energy (SRE) has received an establishment permit from Taiwan’s Energy...

Fluor JV begins design phase for Cernavoda nuclear expansion in Romania

Fluor’s joint venture, including AtkinsRéalis, Sargent & Lundy, and Ansaldo Nucleare, has...

Trump names Chris Wright as energy secretary

President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO...

Poseidon to deliver cable services for Greater Changhua wind farms in Taiwan

Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in...

CBMM launches world’s largest niobium-based anode plant in Brazil

CBMM has inaugurated a state-of-the-art niobium-based anode production facility in Araxá, Brazil...

Masdar and SOCAR achieve financial close for 760MW solar projects in Azerbaijan

Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW...

Field Energy acquires 200MW Hartmoor battery storage project in the UK

Renewable infrastructure developer Field Energy has acquired the 200MW Hartmoor battery storage...