UK Budget announces green funding schemes for energy transition
The UK Government’s Budget announcement has legislated for the creation of an infrastructure bank and green finance schemes that could benefit the power industry in the country.
Markets
US to review reliance on critical minerals supply from overseas
US President Joe Biden has signed an executive order to reduce US reliance on foreign...
IEA crowns solar ‘king of energy’ in World Energy Outlook
The International Energy Agency (IEA) has released its annual World Energy Outlook, which focuses on how Covid-19 will change the...
28 Aug 2020
Power demand could return to normal in up to six months, with lock downs being eased: Poll
Global power demand witnessed the biggest decline since the Great Depression due to the lockdown restrictions implemented to curb the COVID-19 pandemic. The demand for power is expected to decline…
Smart home, smart energy control: work from home edition
The Covid-19 pandemic has impacted every aspect of people’s lives, including their energy use. Country-wide lockdowns to stop the virus’ spread have seen the majority of people either working from home or furloughed.…
Second-quarter results hint at full damage of Covid-19
Power industry companies are publishing their second quarterly reports of the year, which show the damage done by the onset of the Covid-19 coronavirus pandemic. While businesses were bruised, many…
Equipment manufacturers the most affected in power value chain: COVID-19 poll
The power sector witnessed a decline in demand during the first few months of 2020 as the COVID-19 pandemic led to lockdowns and shut down of manufacturing as well as…
Dominion Energy quadruples renewable energy and storage in move towards its clean energy goals
The world is facing a growing pandemic, the likes of which we have not seen in modern history. The Covid-19 pandemic has invaded all countries of the world and sets…
Optimism over global economic recovery hits a low as May ends: Poll analysis
The global economic growth in 2020 has been eclipsed since the COVID-19 pandemic outbreak causing fears of looming unemployment and recession in a number of countries. Verdict has been tracking…
