The request includes $1.7 billion for the Office of Nuclear Energy (NE) and is one of the highest asks ever for NE.

Given that a lot of European companies were opting out of paying for Russian gas in rubles, they would have to scout for additional spot cargoes while Asia demand was strong, he said, adding that prices were likely to stay supported above $20/MMBtu in the near term.

In March alone, wind (1,418-MW) and solar (240-MW) accounted for 100% of the new capacity brought on-line for the month.

UAE-based Masdar will pursue the development of 4 GW of wind, solar and green hydrogen projects in Azerbaijan under a wider plan envisaging 10 GW of renewable energy capacity in the former Soviet republic.

Australia needs to focus on increasing power generation from its existing coal fleet to protect customers from price increases as the nation grapples with an energy squeeze

Brent firmed 32 cents, or 0.3%, to $120.04 a barrel, WTI were up 40 cents, or 0.3%, at $119.27 a barrel.

Representatives from several European countries, including Romania, Serbia, Hungary and Italy travelled to Azerbaijan to discuss growing demand for gas in early June, in light of recent Gazprom cut offs and the threat that further sanctions could hit gas imports.

India, one of the world’s biggest fossil fuel importers, is also seeking to cut its reliance on oil given its import bill is expected to almost double to $300 billion in the coming decade

Australia has more household solar per person than any other country. With the parallel growth of behind-the-meter (BTM) batteries, companies are seizing the opportunity to create Virtual Power Plants (VPPs)

Construction begins at largest wind farm in Australia