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7 Nations To Split €2.4bn EU Green Transition Financing

Seven countries have received approximately €2.4 billion (£2.1 billion) in assistance to help them expedite their green transition. It will help Romania, Poland, Czechia, Lithuania, Slovakia, Hungary, and Croatia cut greenhouse emissions in energy, industry, and transportation, as well as meet their...

Well Above Normal Profits Not Acceptable For Refiners- Biden

President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not be burdened by high costs. Historically large refinery profits being transferred directly to the American people are not appropriate...

Next Year, Oil Output Is Expected To Fall Behind Demand

Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above pre-pandemic levels next year, according to the International Energy Agency. China will drive much of the demand growth next...

Business Association Wants EU To Bolster Energy Security

More than a hundred business leaders have urged Europe to improve its energy security by speeding up the green transformation. This comes after a letter from a group of 140 businesses to Ursula von der Leyen, European Commission President, ahead of...

Toyota- Japan Joins Energy Storage Arena With Home Battery

Toyota launched a 5.5 kWh household battery storage system using its electric vehicle battery expertise on June 2. When coupled to a photovoltaic rooftop system, the compact system can operate a home day and night, Toyota says. Bidirectional EVs...

Australia Halts Its Power Market To Avoid Blackout Scenario

In the wake of a slew of coal-fired plant outages, Australia's energy market administrator took the unprecedented step of suspending the power spot market across eastern Australia on 15th June 22. Despite the extraordinary step, the market operator warned that...

TFP Hydrogen Launch High Performance Catalysts for Hydrogen Generation at Hydrogen Technology Expo North America

TFP Hydrogen will be launching a new range of high performance, high efficiency and cost effective catalysts for use in Proton Exchange Membrane (PEM) water electrolysers at the Hydrogen Tech Expo in Houston from 14-15 June. These materials, along...

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