News & Press Releases
News & Press Releases
Renewable Energy Surge Needs Grid Transformation In Europe
In 2022, the European Union experienced a remarkable surge in the adoption of wind and solar power. Three million heat pumps were sold, and nearly one in four new cars were electric. This shift can be attributed to the...
News & Press Releases
EU Electricity Market Reforms In Response To Ukraine War
The war in Ukraine had a significant impact on European Union electricity prices in the past year. This was especially evident in the prices of nuclear and renewable energy sources, which remained unaffected by the rising costs of natural...
News & Press Releases
AI-Powered Supply Chain Management In Oil And Gas Sector
By the year 2028, the utilization of artificial intelligence (AI) in the oil and gas industry is projected to reach a market value of $4.21 billion, with a steady compound annual growth rate (CAGR) of 12.09%. AI's capacity to...
News & Press Releases
Stricter Regulations For Electricity Companies By Ofgem
Electricity companies will no longer employ a contentious strategy that raises bills to the detriment of consumers, as announced by the energy watchdog. Ofgem has introduced rules aimed at curbing companies from making "excessive" profits during the winter season....
News & Press Releases
Europe Energy Research & Innovation Agenda 2025-28
Europe’s energy research and innovation agenda for the period 2025-2028 has been published with an estimated budget of almost €1 billion (US$1.1 billion) by ETIP SNET.
The implementation plan outlined comprises a total of 19 'priority project concepts' (PPCs) slated...
News & Press Releases
Strain On The UK Grids Imperils Carbon Reduction Targets
In the pursuit of a greener future, individuals and businesses across the United Kingdom are striving to reduce their carbon footprint. One avenue towards achieving this goal is the electrification of various industries and the shift towards low-carbon electricity...
Hydroelectric
GE Vernova to upgrade 479MW Grand Rapids hydropower plant in Canada
GE Vernova’s Hydro Power business announced today that it has been selected by Manitoba Hydro to replace the Unit-4 Kaplan runner at the 479 MW Grand Rapids Generating Station located on Saskatchewan River in Manitoba, Canada.
The scope of work...
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