Mercedes plans to build a solar farm to tackle energy crisis in the UK
Automotive giant Mercedes is reportedly targeting to invest in a solar farm to provide electricity to its Formula 1 factor amid the energy price crisis across the United Kingdom. Several factors in....
PH Renewables receives USD 46.82 million for its Rizal solar project
PH Renewables Inc. (PHRI) has reportedly received a loan of USD 46.82 million (Php 2.65 billion) for building its powerful 75-megawatt solar power plant in Baras, Rizal. Notably, MGEN Renewable Ene....
Germany gains power link to planned energy island in the Baltic Sea
Denmark's energy ministry has announced that Germany has secured a power link to a planned offshore wind hub developed in the Danish portion of the Baltic Sea to assist in decreasing the reliance ....
Survey: one in four UK adults plan to switch off heating this winter
A recently conducted survey has reportedly cited the possibility that almost 25% of British adults would keep the heating completely off this winter due to the soaring energy prices. The opposition....
UK’s next PM to face £23B expense to cover £900 energy costs this fall
The latest paper by the Institute for Government (IfG) has reportedly pointed toward the possibility that ministers in the United Kingdom may face added expenditures of over £23 billion ($27.1 b....
U.S. climate bill to boost South Korean clean-energy firms via tax gains
U.S. President, Joe Biden reportedly signed the Inflation Reduction Act last week, which includes USD 374 billion in funds for broadening domestic production in solar, wind, batteries, and green hydro....
NAVER Corp becomes the first South Korean internet firm to join RE100
South Korean internet giant, NAVER Corp, has reportedly joined the global renewable energy initiative RE100, becoming the first Korean firm in the sector to do so, in a push towards electricity grids ....
BMW to obtain Tesla-like cylindrical batteries from China's EVE Energy
China's EVE Energy Co. Ltd. is reportedly planning to supply large cylindrical batteries for BMW’s electric cars in Europe, as the German automaker intends to follow Tesla Inc.'s lead in....
Europe records higher demand for gas amid Moscow's supply control
The price of natural gas in Europe has reportedly increased along with a higher-than-normal demand, indicating an energy crisis that could likely push major economies into recession. According to c....