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CATL to build $7.6B Hungary battery plant to supply Mercedes, BMW
China's CATL plans to build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
read more... 15/08/2022
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Britain considers energy bill subsidy for industrial firms
Britain is considering plans to subsidise power bills for energy intensive industries such as steel and cement, in an effort to support hundreds of businesses facing record high energy prices.
read more... 15/08/2022
Daily (12.08.2022): EUAs soared to a six-week high on Thursday as energy markets continued to be robust and prices continued to set records
Oil prices rose on Thursday as a result of an increase in the International Energy Agency's forecast for this year's growth in oil demand as some consumers switch to oil due to rising natural gas prices. Consequently, WTI crude jumped by 2.6% to $94.34 a barrel and Brent crude increased by 2.3% to settle at $99.60 a barrel.
read more... 12/08/2022
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Britain looks into funding biomass carbon capture and storage
Britain said it is considering ways to support combining electricity generated using biomass, such as wood pellets, with technology to capture and store the resulting carbon emissions.
read more... 12/08/2022
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IEA raises global oil demand outlook on fuel switching
The International Energy Agency has modestly raised its global demand outlook for this year due to a surge in oil use for power generation and gas-to-oil switching in the wake of soaring European natural gas prices.
read more... 12/08/2022