Energy Transition
2023, December, 6, 06:30:00
SUSTAINABLE GREENWASHING $2 TLN
There are currently $242bn of funds in the UK marketed as “sustainable”, according to data provider Morningstar Direct, compared with $290bn in the US and nearly $2tn in the rest of Europe.
2023, December, 6, 06:25:00
U.S. INFRASTRUCTURE INVESTMENT $1.2 TLN
When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.
2023, December, 6, 06:20:00
SAUDI ARABIAN CLEAN ENERGY
“Right now, we have 22.8 GW of renewable energy projects under different stages of development; 2.8 GW will be operational before the end of the year,” Muneef Al-Muneef, general director of renewable energy policies at the Saudi Ministry of Energy.
2023, November, 30, 06:50:00
INDIA NEED COAL
In the next four months, India plans to add nearly 3 gigawatts of coal-fired generation, while the following fiscal year, starting from April 1, 2025, will see it add 14 gigawatts, or its highest level in eight years.
2023, November, 30, 06:25:00
ARTIFICIAL INTELLIGENCE FOR ENERGY SYSTEMS
Next generation AI solutions are quickly making their way from the test labs into utilities. These new tools will make it simpler for mobile service teams and remote employees to complete their work, boosting productivity and improving energy company efficiency.
2023, November, 27, 06:50:00
EUROPEAN POWER GRIDS INVESTMENT $637 BLN
Europe will need to invest 584 billion euros ($637 billion)to upgrade its power grids this decade, according to European Union estimates.
2023, November, 27, 06:45:00
EUROPEAN NUCLEAR POWER
Nuclear had only partially been included in the commission's proposal for NZIA. Among the 10 technologies it proposed was "advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle, small modular reactors, and related best-in-class fuels".
2023, November, 27, 06:40:00
THE NEW FRANCE'S ENERGY & CLIMATE STRATEGY
France aims to reduce its final energy consumption by 30% in 2030 to 104 Mtoe (from around 143 Mtoe in 2022, according to first estimates), compared to 2012, and to reach a primary energy consumption of 157 Mtoe in 2030 (from 212 Mtoe in 2022).
2023, November, 27, 06:35:00
S.KOREA, BRITAIN NUCLEAR COOPERATION
Among the areas for cooperation, the partnership will see the UK and Korea commit to strengthening cooperation on civil nuclear, including on large-scale, small-scale and advanced reactors, decommissioning and waste management, and supply chains.
2023, November, 27, 06:30:00
SOUTH AFRICA'S ENERGY INVESTMENT $8.8 BLN
The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.
2023, November, 23, 06:15:00
U.S. BATTERY INVESTMENT $3.5 BLN
The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.
2023, November, 23, 06:10:00
INDONESIAN ENERGY TRANSITION INVESTMENT $21.6 BLN
Indonesia’s investment plan, known as the Comprehensive Investment and Policy Plan (CIPP), states that Indonesia aims to increase the share of renewable energy in its power generation to 44% by 2030 (18% in 2022).
2023, November, 22, 06:40:00
KAZAKHSTAN'S URANIUM FOR CHINA
Kazakhstan’s National Atomic Company Kazatomprom has signed a contract for the supply of natural uranium concentrate with China National Uranium Corporation Limited (CNUC - a subsidiary of China National Nuclear Corporation).
2023, November, 22, 06:35:00
HUNGARY'S NUCLEAR SCHEDULE
The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom.
2023, November, 22, 06:25:00
NUCLEAR POWER FOR SWEDEN
The agreement also said necessary regulations should be developed to create the conditions for the construction and operation of small modular reactors (SMRs) in Sweden. In addition, the permitting process for nuclear power plants must be shortened.