Research by the consultancy firm McKinsey & Company says that the energy transition is accelerating, with the share of renewables in global power generation expected to double over the next 15 years, and fossil fuel demand projected to peak before 2030.
Schneider Electric has announced that it will divest its operations in Russia and Belarus to local management.
Wärtsilä has announced that it will supply equipment for a major bio-LNG facility in Germany.
Bechtel has signed MOUs with 12 companies in Poland for the potential development of two nuclear power plants.
Wärtsilä has won a contract from Kahraba, a subsidiary of Egypt Kuwait Holding, in which Wärtsilä will supply an additional 20 MW to the existing Borg El Arab power plant.
GE and Long Ridge Energy Terminal, a subsidiary unit of Fortress Transportation and Infrastructure Investors, have announced a successful first step to transition Long Ridge’s power plant toward carbon-free hydrogen.
Eskom of South Africa announced a new plan to procure engineering and maintenance services from OEMs in the coming months to supplement its skills base at its ailing coal-fired power stations.
Renewable energy company Boralex has partnered with Énergir and Hydro-Québec to develop three 400 MW wind projects in Seigneurie de Beaupré territory in Quebec, Canada.
The US Department of Energy (DOE) has opened applications for loans from a $6 billion programme to help nuclear power plants struggling with rising costs as it seeks to stop the generators from shutting down under its goal of transitioning to clean energy.
UAE-based renewable energy company Masdar and Kyrgyzstan’s Ministry of Energy have signed an MOU to explore up to 1 GW of renewable energy opportunities in Kyrgyzstan.