Union Budget gives boost to energy transition projects

Finance minister Nirmala Sitharaman announced policy measures that will expedite energy transition away from fossil fuels, and help companies access cheap credit for green projects that are key to curbing carbon emissions. In her budget speech, Sitharaman said that the government will soon come out with a taxonomy for climate finance, which will make it

IEA makes its energy data, statistics freely available through upgraded pages

In another major step towards making more IEA data freely available and accessible, the IEA has upgraded the Countries and Regions section of its website by adding a comprehensive range of statistics and information at the global, regional and national levels. The revamped country pages are the latest example of the IEA delivering on recent

Foreship provides energy efficiency answers for CMA CGM ro-pax newbuilds

Foreship expertise in energy efficiency and sustainability will be central to optimizing the performance of two new ro-pax ferries on their delivery into west Mediterranean services connecting Marseille and Corsica in 2027. The ships, due to be delivered to CMA CGM subsidiary La Méridionale, will be distinguished not only by powerplants that support dual fuel

Helsinki’s CO2 emissions decreased at a record pace

Helsinki’s greenhouse gas emissions decreased at a record pace last year, with the exception of traffic. Helsinki’s goal of carbon neutrality by 2030 has proceeded significantly with the decommissioning of the Hanasaari coal-fired power plant. In 2023, emissions from district heating in Helsinki decreased 35 per cent year-on-year, which is a new record. Emissions from

Aramco and NextDecade announce Heads of Agreement for offtake of LNG

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of

Advent Technologies partners with Siemens Energy for maritime fuel cell solution

Advent Technologies, a wholly-owned subsidiary of U.S. Advent Technologies Holdings, and German Siemens Energy have signed a joint development agreement (JDA) to develop an integrated 500 kW high-temperature proton exchange membrane (HT-PEM) fuel cell solution for maritime applications. According to Advent, the JDA outlines the collaboration between the two parties, combining Advent’s HT-PEM fuel cell

First battery storage gigafactory to start operating in J & K

GoodEnough Energy said it will start operations at India’s first battery energy storage gigafactory in the northern region of Jammu and Kashmir by October. The facility will help industry in cutting more than 5 million tons of carbon emissions in a year, GoodEnough said in a statement. India has set a 2070 goal for becoming

NTPC, NALCO forge partnership to explore RE solutions

In a significant development for India’s power and aluminum sectors, NTPC Limited, the country’s largest integrated power utility, has entered into a non-binding Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO), a prominent Navaratna Company engaged in aluminum production. The MoU aims to explore various avenues, including coal-based thermal, solar PV, wind, and

Aston University research team develops greener fuel for ships

UK-based Aston University said its scientists have blended leftover cooking oil, lamb fat and agricultural waste to develop a cleaner bunker fuel for ships. The researchers have mixed waste pellets with either used oil or animal fat to develop a form of energy which meets international marine fuel standards. The team combined waste material supplied

Shell kicks off sale process of Sprng Energy

Global energy major Shell Plc has kicked off the sale process for its Indian renewable energy unit Sprng Energy and has started reaching out to prospective buyers for the portfolio, which could fetch an enterprise value of $1.6-1.8 billion, two sources aware of the development told Moneycontrol. Shell acquired the Sprng Energy platform from infrastructure