The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.

Saudi Arabia would be looking to secure investments in untapped business sectors, including green hydrogen, renewable energy, and information technology.

For the first five months of 2022, solar, wind, and other renewable energy sources provided 25.7% of U.S. electricity – more than either coal or nuclear power and up from 22.9% a year earlier.

Hydrogen is becoming a more versatile fuel, however, and is receiving interest in energy storage, as a transportation fuel, as a fuel for electricity generation, and as a fuel for heating.

Green means the hydrogen has been made using electricity and from renewable sources. But as with electric cars, the environmental footprint is determined by the power mix carbon intensity if it is connected to the grid.

Under the Bipartisan Infrastructure Law, USD6 billion has been allocated to support the continued operation of existing US nuclear power plants under the threat of closure

The Philippines has held its first renewable auction, offering a total capacity of 2,000 MW.

The agreements cover a range of sectors, including renewable energy, green hydrogen, pharmaceuticals and e-commerce

Through the collaboration, KBR’s market-leading energy advisory services team and Terrestrial Energy will analyse the integration of Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) nuclear cogeneration technology for use in green ammonia and hydrogen production.

The purchase would be yet another shot in the arm for Adani, who has been seeking global investors and has committed to spend as much as $70 billion by 2030 across the green-energy value chain.

H2Hubs will create networks of hydrogen producers, consumers, and local connective infrastructure to accelerate the use of hydrogen as a clean energy carrier.

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

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

The Vietnamese government has agreed to increase the capacity of the Sơn La hydropower plant on the Black River in Ít Ong, Mường La District, Sơn La Province, from 2.4 GW to 3.2 GW.

In July 2021, the Brazilian president signed into law the basic text of a bill allowing the privatisation of Eletrobras, following approvals of the text by the Chamber of Deputies in May 2021 and the Senate in June 2021.