Decarbonising the steel industry is one of the massive challenges in meeting climate goals, but could end up being extremely profitable for companies and governments prepared to take the risks. The steel value chain accounts for 7% to 9% of global carbon emissions, the largest single industrial contributor and thus a prime target for the...
South Korea and the United States have reportedly reached an understanding to remove South Korea from the U.S. Department of Energy (DOE)‘s “sensitive countries and other designated countries list” (SCL). Sources revealed on March 21 that South Korea, as a long-time ally, argued for its removal to ensure continued cooperation in nuclear energy and scientific...
Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement for sale or leasing land for...
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed. Often called the holy grail of clean energy, nuclear fusion creates four times more energy per kilogram of fuel than traditional...
Russian President Vladimir Putin seems confident that pipeline flows of natural gas to Europe could be stepped up if a US-brokered deal to end the war in Ukraine is agreed — raising questions about whether the continent is willing to reverse course and revive that relationship. “If, say, the US and Russia agree on cooperation in the...
A cross-industry group of large energy users signed a pledge supporting the goal of at least tripling global nuclear capacity by 2050. This is the first time major businesses beyond the nuclear sector have come together to publicly back an extensive and concerted expansion of nuclear power to meet increasing global energy demand. They also urge other...
HD Hyundai and TerraPower have joined hands to bolster the global manufacturing supply chain for the latter’s Natrium reactors and accelerate the commercialization of advanced nuclear power technology, the two companies announced Wednesday. According to the announcement, the collaboration will combine HD Hyundai Heavy Industries’ manufacturing expertise with TerraPower’s reactor technology and increase supply chain...
South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea’s Industry Minister Ahn Duk-geun said on Tuesday. The United States has asked South Korea and other countries if they are interested in participating in an Alaskan...
The attempt to force an economically foolish energy transition onto its people turned Germany from global envy into a cautionary tale. The U.S. must heed the warning—if Congress and the administration fail to fix America’s broken regulatory process, America’s energy dominance and economic prowess could suffer a similar fate, with similar political consequences.
Polish refiner Orlen (PKN.WA) and Norway’s Equinor (EQNR.OL) signed on Monday a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects. The documents were signed by Irene Rummelhoff – Executive Vice President at Equinor, and Wieslaw Prugar, Orlen management board member in charge of upstream. Under the memorandum, Orlen and Equinor will...
