Brent crude rose above $90 a barrel for the first time since last October, as geopolitical tensions and production cuts outweighed caution over interest rate cuts by the US Federal Reserve. Brent crude futures for June rose $1.30, or 1.5 percent, to $90.65 per barrel, while US West Texas Intermediate futures for May rose $1.16, … Read more
The Saudi energy company “ACWA Power” announced the start of commercial operation of the Hassyan energy production complex located in Dubai, after the addition of the last energy production unit, bringing the production capacity of the complex to 2,400 megawatts, according to a disclosure from the company to the Saudi Stock Exchange on Sunday. The … Read more
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Greece worked entirely on renewable energies for 5 hours on Friday 7 October last, for the first time ever, using solar power Wind and hydroelectricity. According to Sky News, it hit a record 3,106 megawatt hours of electricity at 9:00 am local time. The power transmission operator said: "For the … Read more
New York At the weekend, Joe Biden had hinted at his plan in secrecy. He will use all “executive” options to prevent his climate policy from failing. Now it becomes clear what exactly he meant by that: Apparently the US President is about to declare a climate emergency. After China, the United States is the … Read more
– Siemens Energy plant in Mülheim-Ruhr Siemens Energy announced on Friday that it had agreed not to disclose the purchase price for 35 percent of the shares in the specialist for hydroelectric power station generators. – (Photo: imago images/Udo Gottschalk) – – – – Düsseldorf The energy technology group Siemens Energy is withdrawing from the … Read more
The newly acquired suppliers have undertaken to ensure that a total of nine gigawatts of new production capacity for renewable energies is created, according to the group. In an interview with Handelsblatt, Lisa Jackson, Apple’s vice president for the environment, politics and social initiatives, said there were still hundreds left. “But we were able to … Read more
Berlin The Australian entrepreneur Andrew Forrest wants to enter the production of green hydrogen on a large industrial scale in the short term. German companies could be among the first buyers as early as 2023. “Our goal is to be able to deliver at least 15 million tons of green hydrogen annually by 2030. We … Read more
Carbon dioxide storage Many hopes rest on the technology, but it is met with skepticism among climate protectors. – (Foto: Julius Brauckmann, Getty Images, Reuters, Climeworks PR) – – – – Düsseldorf The total CO2 emissions in Europe for the next 300 to 400 years: this is how much fits into the carbon dioxide storage off … Read more
– According to the EEA, the increased use of photovoltaics, wind and biomass in electricity production in the EU led to a significant reduction in climate-damaging greenhouse gases between 2005 and 2018. That is not the only advantage of switching from fossil to renewable energy sources: The growth in renewables since 2005 has also reduced … Read more
– New technology Wind energy is to be converted directly into hydrogen – (Photo: dpa) – – – – Düsseldorf / Frankfurt The energy technology group Siemens Energy and the wind turbine manufacturer Siemens Gamesa want to make the production of hydrogen market-ready with a new technology. In a project costing around 120 million euros, … Read more