News & Press Releases
News & Press Releases
IEA Forecasts Rise in Global Coal Demand Amid Energy Market Disruptions
Global coal demand is forecast to rise by 1.2% in 2026, reaching a record 8.94 billion tonnes, as energy market disruptions caused by the Middle East conflict push consumption higher. According to the IEA’s Coal Mid-Year Update 2026, sharp...
America
U.S. Power Consumption to Hit Record Highs in 2026 and 2027, EIA Forecasts
The United States is on course to set consecutive records in electricity consumption through 2026 and 2027, driven largely by the rapid expansion of artificial intelligence infrastructure and the broader electrification of homes, businesses, and transportation, according to the...
Asia
HD Hyundai Commits Over $800M to Power Engine and SMR Manufacturing Facilities
South Korean shipbuilding major HD Hyundai has announced investments totalling more than US$800 million directed at two distinct manufacturing initiatives — an expanded onshore production facility for high-power generation engines and a dedicated small modular reactor (SMR) manufacturing plant.
A...
Europe
EU Commission Approves Germany’s €35 Billion Electricity Capacity Mechanism
The European Commission has officially approved a German electricity capacity mechanism valued at up to €35.2 billion, a scheme designed to safeguard the national power supply during the country’s transition to a decarbonized energy system. This approval follows the...
Companies
Google and Fortum Sign Nuclear Power Deal for Finland’s Loviisa Plant
Tech giant Google has signed a long-term Power Purchase Agreement (PPA) with Finnish energy company Fortum, securing up to 50% of the Loviisa nuclear power plant's capacity and providing critical financial certainty for the plant's life extension and power...
News & Press Releases
Component validation during operation – Siemens Energy tests new gas turbine technologies at German Chemical Park
Siemens Energy has installed and commissioned an SGT-800 Industrial Demonstrator Turbine at a gas-fired power plant at the Marl Chemical Park in Germany. The demonstrator gas turbine allows Siemens Energy to validate new gas turbine technologies and components under...
News & Press Releases
WeWork India to develop 10 MWp solar power plant in Karnataka, accelerating its goal to transition to 100% renewable electricity
WeWork India Management Limited, the industry leader in the flexible workspace sector, today announced plans to develop a 10 MWp (DC) ground-mounted solar power plant in Karnataka, marking a significant milestone in its goal to transition towards 100% renewable...
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from any location or device.
Must read