Energy

U.S Details Plan to Draw Clean Energy Into Oil, Coal Communities

The Biden administration on Tuesday released final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal. The Inflation Reduction Act (IRA) passed last year by Democrats extended a 30% tax credit for wind, solar and other green energy projects, […]

Factbox - What to Look for at China's NPC Meeting of Parliament

China’s rubber-stamp parliament, the National People’s Congress (NPC), wraps up on Monday, capping what is expected to be the biggest government reshuffle in a decade after setting a modest target for annual economic growth. Coming months after President Xi Jinping secured a norm-breaking third term as supreme leader, the sessions will further consolidate his authority […]

Exclusive - Hydrogen Firm Thyssenkrupp Nucera Says IRA Spurring U.S. Interest

German hydrogen firm Thyssenkrupp Nucera has seen customer interest soar in the U.S. as a result of the Inflation Reduction Act (IRA) and may create local production capacity with Italy’s De Nora if the market takes off. Thyssenkrupp Nucera held talks about several potential green hydrogen projects “with very concrete timelines” during a trip to […]

China Leads US in Global Competition for Key Emerging Technology, Study Says

China has a “stunning lead” in 37 out of 44 critical and emerging technologies as Western democracies lose a global competition for research output, a security think tank said on Thursday after tracking defence, space, energy and biotechnology. The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the […]

Europe's Spend on Energy Crisis Nears 800 Billion Euros

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated 681 billion euros in energy crisis speding, while Britain allocated […]

South Africa’s State of the Nation: Disaster!

I’m sitting in a house in the northern suburbs of Johannesburg having just heard President Cyril Ramaphosa’s State of the Nation address to the South African Parliament and obviously, the rest of the country on TV. The main agenda was solutions to the electricity crisis in South Africa. And I can’t quite believe what I’ve […]

Our New Frenemy: The CO2 Battery

A new carbon dioxide battery (CO2) has entered the energy market. Yes, you did read that right, a CO2 battery, and it might be just what wind turbines are looking for to help them harness the full force of the wind. Carbon dioxide is used in the technology to store heat and pressure energy. It’s […]