New York billionaire John Catsimatidis said his firm Red Apple Group is looking to make “green” energy affordable by developing a new breed of small nuclear reactors — and the company has hired a seasoned energy executive to lead the effort. The $7 billion conglomerate — which owns the Gristedes and D’Agostino’s grocery chains, as … Read more
In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when the sun is shining and supply energy back to the electric grid when it’s not. Combining batteries with green energy is a fast-growing climate solution. “Solar farms only produce when the sun shines, and the turbines … Read more
During his Budget 2024 speech, Finance Minister and Deputy Prime Minister Lawrence Wong announced a S$5 billion Future Energy Fund as part of Singapore’s transition to clean energy. Geothermal and nuclear energy sources are currently being studied as part of the country’s power portfolio. GE Vernova’s Asia Decarbonization Leader Kazunari Fukui is our guest this … Read more
Sir Keir Starmer is facing rising criticism from figures on the left of the Labour Party over plans to drop his £28 billion green investment pledge. The Labour leader is expected to confirm today that the scheme is being scaled back, blaming economic uncertainty caused by the Conservative government. The commitment is the latest casualty … Read more
With concerns over sustainability increasing in the energy industry, fossil-fuel companies have embraced plans to revamp, rather than decommission, vast networks of steaming, flashing and aging refinery pipelines into more eco-friendly assets. In 2020, two Bay Area refineries — operated by Phillips 66 in Rodeo and Marathon in Martinez — made a pair of announcements … Read more
A senior Labour frontbencher has confirmed the party will backtrack on its commitment to spend £28bn a year on green investment schemes, after weeks of confusion. Shadow Chancellor Rachel Reeves made the pledge at the party conference back in 2021, but since then it has been steadily scaled back. First, it became an ambition, not … Read more
UK industries and businesses are set to get a major boost to take the net zero transition leap as the UK government has announced over £190 million in funding. The Department for Energy Security and Net Zero announced £190 million in funding for 12 winning projects on January 22. This is to develop plans to … Read more
Prime Minister Pedro Sánchez is intensifying Spain’s efforts to source its energy grid from solar and wind sources, formally ditching nuclear power. Reuters / SUSANA VERA Spain will shutter all of its remaining nuclear power plants by 2035, the government confirmed on Wednesday, as part of its aggressive energy plan for the future. The Council … Read more
Last Updated: December 15, 2023, 12:39 IST Audi Unveils India’s First Ultra-Fast Charging Station in Mumbai’s BKC. (Photo: Audi) Audi unveils India’s fastest EV charger in Mumbai, charging Q8 55 e-tron in 26 mins. Green-powered ‘e-tron hub’ redefines convenience for EV owners. Luxury carmaker Audi has just unveiled India’s premier ultra-fast charging station in the … Read more
Some one million homes and hundreds of businesses will receive funding to support the extreme energy costs in the UK. The government have announced that a staggering £6 billion will be put towards fighting the soaring energy bills and reducing energy use amid the cost-of-living crisis. This government’s announcement comes after the COP28 climate summit … Read more
