McKinsey’s Roland Rechtsteiner on the energy transition and commodities markets
Commodities markets have seen rapid growth over recent years, attracting new players and creating new opportunities for a transitioning energy …
Iberdrola, Norges Bank to expand alliance to 2.5GW renewables in Iberia
Iberdrola has concluded discussions with Norges Bank Investment Management to add an additional 644MW of renewable energy capacity in Spain …
IAEA clears Japanese reactor for 60-year lifetime
A team of experts from the International Atomic Agency (IAEA) has found that Japanese utility Kansai Electric Power Company is …
Procter & Gamble selected for offtake from Swedish wind farm
Renewable Power Capital (RPC) has announced the selection of US company Procter & Gamble as the offtake partner for a …
Energy Vault, NV Energy launch 220MW/440MWh BESS project in Nevada, US
Energy Vault and NV Energy have started commercial operation of the Reid Gardner BESS in Moapa, in the US state …
Ørsted inaugurates Greater Changhua 1 and 2a offshore wind farms in Taiwan
Danish renewable energy company Ørsted has officially inaugurated the 900MW Greater Changhua 1 and 2a offshore wind farms, located off …
Volue extends partnership with Iberdrola for power scheduling and algo trading
Volue has signed a deal to provide Spanish energy major Iberdrola with two energy trading software solutions for use in …
Alinta Energy, Parkwind to develop 1GW offshore wind farm in Australia
Australia’s Alinta Energy has partnered with Parkwind, a subsidiary of JERA Nex, to jointly develop the more than 1GW Spinifex …
Battery energy storage developments that are electrifying the sector
In an era driven by an urgent need for sustainable energy solutions, battery energy storage systems (BESS) have become increasingly …
Octopus Energy makes strategic investment in US-based Ocergy
UK-based Octopus Energy, through its investment arm, has made an undisclosed investment in Ocergy, a US-based floating offshore wind technology …
Iberdrola Q1 net profit soars 86% to €2.76bn
Spanish utility Iberdrola has reported a net profit of €2.76bn for the first quarter of 2024, a surge of 86% …
First Westinghouse nuclear fuel at Bulgaria’s Kozloduy plant
US nuclear company Westinghouse has received a permit to begin transitioning Bulgaria’s Kozloduy nuclear power plant onto fuel the company …
Boeing sustainability chief says SAFs are unlikely to fall as low as jet fuel
Boeing’s sustainability head said that SAFs are “high unlikely to reach price parity with Jet A fuel”, raising concerns as …
Emeren, Nuveen to co-develop 199MW BESS portfolio in southern Italy
Emeren Group, a US renewables developer, has entered into a co-development agreement with Nuveen Infrastructure, formerly known as Glennmont Partners, …
Mitsubishi Power begins operations for third M701JAC unit at Thai power plant
Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries, has initiated commercial operations for the third M701JAC gas turbine at a …