2022-11-24

Lekela Power BV, the largest renewable energy producer in Africa, plans to build a 160-megawatt-hour (MWh) battery storage plant next to its 159-megawatt (MW) wind power plant in Senegal, as reported by Bloomberg on November 22. The battery plant is expected to be the biggest...

Egypt plans to send electricity to Cyprus and Greece via cable under the Mediterranean Sea and export hydrogen used as fuel in power stations, as reported by Bloomberg on November 18. Egypt’s Petroleum Minister Tarek al-Molla said new renewable energy projects will advance the country’s plans to become...

Representatives and leaders of 21 economies endorsed the Bangkok Goals for sustainable growth at the Asia-Pacific Economic Cooperation (APEC) 2022 summit held in Thailand, as reported by Strait Times on November 19. The Bangkok Goals outlined a series of targets on the environment, trade and...

The French Ministry for the Economy and Finance plans to spend EUR8.4bn (USD8.67bn) to help local businesses pay soaring electricity and gas bills, as reported by Reuters on November 20. The country will reduce electricity tax and allow companies to use nuclear-generated electricity at affordable prices. In...

Malaysian state-owned oil and gas company Petroliam Nasional Berhad (Petronas) [PET:MK] signed a memorandum of understanding (MoU) with Dutch bulk liquids storage company Koninklijke Vopak NV (Vopak) [VPK:NA] to jointly explore the potential of developing a value chain for carbon capture and storage (CCS) in...

A European fund under Breakthrough Energy Ventures, founded by Microsoft [MSFT:US] co-founder Bill Gates to accelerate the development of innovative sustainable technology, is investing EUR12m (USD12.3m) in the I-ROX venture with I-Pulse, a US company that develops pulsed-power technology, as reported by Bloomberg on November...

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