|

Arab Group opposes fossil fuel phase-out at COP29 climate summit

By

The 22-nation Arab Group, led by Saudi Arabia, has opposed any United Nations Climate Change Conference (COP29) agreement that targets fossil fuels, according to The New Arab.  Saudi representative Albara Tawfiq stated that the bloc would reject any language singling out fossil fuels in the climate negotiations held in Baku, Azerbaijan. The talks, focused on climate finance for developing nations, have reignited debates over transitioning from fossil fuels. Developed nations and climate-vulnerable countries are urging…

|

RWE acquires majority stake in R3 Renewables

By

German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners.  The deal, for an undisclosed sum, involves RWE taking over the shares of SPCA and Riverstone Credit Partners, with Peabody retaining a 25% stake in the JV. R3 Renewables focuses on repurposing former coal mining sites into clean, renewable energy projects. The JV…

|

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

By

Renewable infrastructure developer Field Energy has acquired the 200MW Hartmoor battery storage project from Clearstone Energy, expanding its 11GW portfolio of battery storage projects across Europe. Located near Hartlepool, County Durham, the Hartmoor facility can store 800MWh of electricity, enough to power 500,000 homes for four hours when fully charged. The Hartmoor project will play a critical role in balancing electricity supply and demand, stabilizing the grid, and supporting the UK’s increasing reliance on renewable…

|

Greenzo Energy launches ‘Un Wheel,’ India’s first 1 MW alkaline electrolyzer stack

By

Greenzo Energy has introduced the “Un Wheel,” a 100% indigenous 1 MW alkaline electrolyzer stack designed for green hydrogen production.  Built by Indian scientists and engineers, the stack is tailored to operate effectively across diverse Indian climates, from -20°C to 60°C, with a 20-year lifespan.  It generates hydrogen at 30 bar pressure, removing the need for additional compressors, and features advanced controls for water quality, pressure, and lye temperature to ensure safe and efficient hydrogen…