Hyosung Heavy Industries and Korea Southern Power have signed an MOU to establish a strategic alliance to develop their position in the hydrogen power generation sector.
The European Commission has approved a €10 billion Italian scheme to support electricity production from renewable energy sources to help transition towards a net-zero economy.
Commonwealth Fusion Systems (CFS), a private company formed by the Massachusetts Institute of Technology, said that it is planning to build the world’s first grid-scale fusion power plant in Virginia, USA, scheduled to generate power by the early 2030s.
The Japanese Government has announced that it is aiming for renewables to be its largest power source by 2040 in an attempt to reduce dependence on coal and gas and become carbon neutral by 2050.
Last Energy of the USA has announced that it has received an offer of $103.7 million in debt financing from the US Government to set up the first of four planned micro-sized nuclear power plants in Britain.
The Gorakhpur nuclear power plant in Fatehabad, Haryana, India has encountered significant delays, with the completion of its first phase postponed to 2032.
Germany has dropped plans for a major expansion of gas-fired power plants because of a lack of political support.
Zambia, which currently gets 85 per cent of its electricity from hydropower, is about to approve its third coal-fired power plant in a year.
David Eby, Premier of the Canadian province of British Columbia, has announced that nine wind energy projects have been approved.
Saudi Arabia and France have agreed to cooperate in generating hydrogen from renewable resources following a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman and French Minister for Energy Transition Agnes Pannier-Runacher.