News & Press Releases
News & Press Releases
Thanks To IRA, US Renewables Investment To Surpass $100bn
The flagship legislation, the Inflation Reduction Act, which is focused on speeding up decarbonization in the US, will push the annual renewables investment from $64 billion to almost $114 billion by 2031, as per a recent report. Boom Time:...
News & Press Releases
US Proposal Looks To Lessen The Offshore Wind Regulations
In order to improve the nation's capacity to achieve its climate goals, the US Department of the Interior (DOI) presented a proposal for reducing current regulations for overseas wind installations in the US Outer Continental Shelf on January 12,...
News & Press Releases
MoU In Place For Ammonia Plants Catering To Global Hydrogen
A memorandum of understanding has been signed between the Abu Dhabi National Oil Company (Adnoc) and Thyssenkrupp, the German engineer, to develop ammonia plants that will assist the global hydrogen market.
Adnoc is going to be using UHDE reformer...
News & Press Releases
Oil Giants Should Listen To Their Own Theories, Says UN
Antonio Guterres, who happens to be the UN Secretary General, condemned the major fossil fuel players on January 18 for ignoring the climate science and accusing the oil and gas sector of looking to expand production despite fully knowing...
News & Press Releases
Chinese company CSSC Haizhuang unveils world’s largest wind turbine prototype
State-controlled CSSC Haizhuang Wind Power presented the progress it made in the construction of the prototype of what would now be the biggest wind turbine on the planet. The machine, intended for offshore deployment, is designed for 18 MW....
News & Press Releases
$1 Trillion Breach For Investments In Clean Energy Tech
Over $1.4 trillion was invested in clean energy technologies in 2022, representing over 70% of the growth in annual energy investment, up from $1 trillion in 2015.
The International Energy Agency stated in a research report that more than 80%...
News & Press Releases
In Favour of Nuclear, South Korea Lowers Renewables Target
In the most recent reorganisation of the power mix, the South Korean administration led by President Yoon Suk-yeol will advocate for more nuclear energy and slow down renewables to provide a reliable electricity supply and reduce CO2 emissions by...
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