EDP CEO Warns EU on Lost Urgency for Energy Security
Four years after the start of the Ukraine war, the European Union has lost the sense of urgency needed to strengthen its energy security, with bureaucracy still slowing renewable projects and preventing the bloc from cutting costly energy imports, the head of Portuguese energy group EDP said.Miguel Stilwell d’Andrade, CEO of one of Europe’s largest renewable power producers, told Reuters companies were struggling to build wind and solar assets fast enough to replace imported fossil fuels.“We need to invest more in networks…
Sources say that Cenovus is considering selling assets in Alberta worth around C$3 Billion.
Two sources with knowledge of the matter have confirmed that Canadian oil producer Cenovus is looking to sell conventional oil and natural gas assets in Alberta's Deep Basin as it "looks" to reduce debt following the recent acquisition of MEG Energy, an oil sands competitor. Sources said that Cenovus has contacted potential buyers to gauge interest. The assets could be worth around C$3 Billion ($2,17 Billion), according to the sources. Cenovus may decide to keep the assets if the plans do not work out.
China's fossil fuelled power drops for the first time in 10 years as a result of renewables
China's coal-based thermal energy generation in 2025 fell for the first time in 10 years, according to government data released on Monday. Growing renewable generation?met growth of electricity demand, even though?overall consumption?hit a new record. This data is a good sign for China's decarbonisation as it sets out to reach its carbon emission peak by 2030. The coal production reached a new record last year. According to the National Bureau of Statistics…
Rio Tinto will supply copper to Amazon to build AI data centers
Rio Tinto announced on Thursday that it will supply copper it leaches from a mine in Arizona to Amazon.com, for use in its artificial intelligence data centers. The move highlights the rampant demand by?the?AI industry to access supplies of copper and critical minerals used in building wiring, cables and circuit boards, and other electronic components. Analysts have warned that supplies may fall short and a rush is underway to ensure access.
US Judge allows Equinor New York Offshore Wind Project to be restarted
The federal judge cleared Norwegian 'offshore wind developer Equinor on Thursday to resume work on the?New York Empire Wind Project, which was halted by President Donald Trump along with four other project last month. U.S. district judge Carl Nichols' ruling is the second legal blow to Trump's offshore policy this week. On Monday, a judge at the same court ruled that?Danish company Orsted? could resume work on a project near the coast of Rhode Island.
Nigeria invests $2 billion to support energy transition
Nigeria's energy transition is being driven by green finance. The president announced plans on Tuesday for a $2 billion climate fund, saying that the oversubscribed green bond was proof of investor interest. Bola Tinubu, speaking at the Abu Dhabi Sustainability Week Summit, said that Nigeria's Climate Investment Platform was aiming to mobilize $500 million to build climate-resilient structures, and the National Climate Change Fund aims to raise $2 billion to fund?projects to reduce emissions and increase resilience.
JERA is on track to achieve 20% co-firing of ammonia at Hekinan Coal Power Plant in FY29
The head of the plant said that JERA, Japan's largest power generator, is on track to achieve a 20% ammonia-co-firing in fiscal 2029 at one unit?of?its Hekinan Thermal Power Station. This will be the first commercial use for ammonia as fuel. Mitsutaka ban, the head of Japan's biggest coal-fired plant, spoke to reporters during a presentation at the 4.1 gigawatt central Japan plant. Four large ammonia storage tanks are being built in the project. The project is still moving forward despite the waning momentum of global energy transition.
American Electric Power signs fuel cell deal worth $2.65 billion
The American Electric Power Company announced on Thursday that its unit would buy a significant portion of the option it has for solid oxide fuel cells. This deal is worth approximately $2.65 billion and will be part of their plans to build a fuel-cell power generation facility. AEP signed an agreement with Bloom Energy in 2024 to acquire 100 Megawatts of'solid oxide fuel cell technology, with the option to buy an additional 900 MWs. AEP disclosed in a filing that the utility's unit had exercised this?option during the week.
World Economic Forum survey shows business will be tougher by 2025
A survey released by the World Economic Forum on Thursday showed that companies found it more difficult to do business in 2020 due to a decline in global cooperation in areas such as trade, 'climate', technology, and security. The online survey of 799 executives from 81 countries, using the McKinsey Global Survey Panel, was released ahead of the WEF’s next annual gathering in Davos. Only 7% of respondents disagreed, while the rest said that things had stayed the same, or offered no opinion.
US oil companies benefit after Trump signals access Venezuelan reserves
U.S. Oil Companies' Shares jumped Monday fueled by the prospect that the U.S. could gain access to Venezuela's vast reserves of oil after President Donald Trump announced that the U.S. was taking control of Venezuela following the arrest of their president. Venezuela has the largest oil reserves in the world, but its production has plummeted over the past decades because of?mismanagement?, a lack of foreign investment after the nationalization and sanctions on the oil industry. Trump stated on Saturday that the U.S.
Toda begins commercial operation of Japan’s first floating windfarm
Toda Construction announced on Monday that their consortium had started 'commercial operations' at the Goto offshore?wind?farm located in Nagasaki,?southern?Japan. This marks the country’s first commercial floating?wind project. The floating wind farm, which has a capacity of 16.8 megawatts (MW), is the first facility to be certified by a new law enacted by the land and industry ministries to promote the sector. Japan wants to increase its renewable energy capacity in order to meet the 2050 goal to become carbon neutral.
Demand for lithium is expected to increase due to the growing demand for energy storage.
The boom in battery storage in 2026 has increased the demand for lithium, bringing 'hopes of an accelerated turnaround in an industry that is struggling with an oversupply. Since the second half 2022, the lithium market has struggled with an?oversupply. Demand is not keeping up with the soaring supply - fueled by a price boom that was triggered in part by a surge in electric vehicle batteries. China's reforms in the power sector have helped fuel a stronger than expected demand in 2025 for lithium, which is used in batteries to store power.
Wall Street's final session of the year is lower than usual, but it will end 2025 with a big annual gain
Wall Street's major indexes finished lower in the last trading session of 2025 but still racked up big gains for the year after a rollercoaster?year marked by uncertainty over President Donald Trump's trade tariffs and an euphoria surrounding AI-focused stocks. S&P 500 and Dow Jones, as well as Nasdaq, all posted double-digit increases this year. This is their third consecutive year of gains, which was last seen between 2019-2021. The Dow posted its eighth consecutive monthly gain, which is the longest streak since 2017-2018.
What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology, energy, and geopolitics influenced markets in unexpected ways. Here are ten charts that explain what happened in the year 2025, and what this might mean for 2019. Donald?Trump’s "America First " agenda was a key driver of market growth in 2025, particularly during the first half. The U.S. President wasted no time in delivering on campaign promises to move?from "free" trade to "fair trade".
What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology, energy, and geopolitics influenced markets in unexpected ways. Here are 10 charts to help you understand what happened in the year 2025, and what that might mean for 2019. Donald Trump's?America First? agenda was a key market driver for 2025, particularly during the first half of the calendar year. The U.S.
Octopus energy reports loss for the year as investments weigh
Octopus Energy, a British company, reported a pre-tax loss for the year ending Tuesday. This was due to spending heavy amounts to expand its business, including the Kraken technology platform, which it intends to spin off. The UK's biggest energy supplier is investing heavily in services such as heat pumps, solar panels, and electric vehicles. It has also strengthened its plans to spin-off its AI driven?unit, Kraken Technologies. Octopus?…
The head of the car association says that demand for lithium batteries in China will fall by early 2026.
The secretary general of China's passenger vehicle association stated on Sunday that the demand for Chinese lithium batteries is likely to fall in early 2026, due to a predicted drop?in domestic sales of electric vehicles and a slowdown in battery exports. In a social media post, Cui Dongshu said that the demand for energy batteries would drop dramatically by 2026. Battery makers should reduce production and rest in order to deal with these fluctuations. China is the world's?leader? in battery technology production and exports.
Japan tightens regulations on mega-solar project to protect landscape and nature
Officials from the Japanese government have announced that they will tighten regulations, and stop financial support for large-scale projects of solar energy to protect the?environment and preserve landscapes. This is part of the package of countermeasures against mega-scale solar farms that was endorsed by the Japanese government on Tuesday. It also aligns with Prime Minster Takaichi, who has called for limits to large solar projects.
Orlen, Grupa WB Collaborate to Improve Maritime Infrastructure Security
State-controlled Polish refiner Orlen and private defence technology company Grupa WB have agreed to work together to improve the security of critical infrastructure, Orlen said on Tuesday.The Baltic Sea region is on high alert following power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.Under an agreement the two companies signed, they will cooperate to ensure energy security by protecting maritime infrastructure and to counter criminal acts including terrorism, diversion, and sabotage.They said the ag
FEATURE-AI data explosion in Mexico fuels rise of dirty energy
The country's power infrastructure is overloaded and pollution has increased due to the shortfall in green power, despite promises by government and industry to increase capacity. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy. These servers power the most powerful technology companies, like Microsoft, Google, and Amazon.