US solar energy sector sees 7% drop in jobs

US solar energy sector sees 7% drop in jobs

By Anna Domanska - May 10, 2021

The U.S. solar industry witnessed a 7% cut in jobs due to the coronavirus and increasing use of labor-saving tech in the industry, according to an industry report. Job decline is n

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Solid Power raises $130 million in second funding round from Ford and BMW

Solid Power raises $130 million in second funding round from Ford and BMW

By Anna Domanska - May 05, 2021

Solid Power, a solid-state battery system startup, has raised $130 million in Series B funding led by Ford Motor Company and BMW Group. The Louisville, Colorado-based SSB developer

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Saudi Arabia says focus on renewable energy will save them $200 billion

Saudi Arabia says focus on renewable energy will save them $200 billion

By Anna Domanska - Apr 26, 2021

Saudi Arabia, which is actively looking to expand its economy beyond its dependence on fossil fuels, believes it can save over $200 billion over the next decade by replacing liquid

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Scotland’s Orbital Marine Power launches World’s Most Powerful Wind Turbine

Scotland’s Orbital Marine Power launches World’s Most Powerful Wind Turbine

By Anna Domanska - Apr 23, 2021

The world’s most powerful tidal turbine was recently launched from the flourishing seaport of Dundee. Scottish floating tidal turbine technology provider Orbital Marine Power has

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Aramco sells minority stake to EIG Group-led consortium for $12.4 billion

Aramco sells minority stake to EIG Group-led consortium for $12.4 billion

By Anna Domanska - Apr 12, 2021

Energy giant Saudi Aramco is selling a minority stake for 12.4-billion-dollar in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. Th

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Vitol’s profit soars during 2020 oil crisis

Vitol’s profit soars during 2020 oil crisis

By Anna Domanska - Apr 07, 2021

The world’s largest independent oil trader Vitol made record profits in 2020 as the fluctuations in the global energy markets resulted in a windfall. Vitol suffered an $85 billio

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Seadrill proposes debt write off of $4.8 billion

Seadrill proposes debt write off of $4.8 billion

By Anna Domanska - Apr 06, 2021

Seadrill Ltd., a deepwater drilling contracting company, owned by billionaire John Fredriksen, said it is ready to write off a debt of over $4.8 billion, giving lenders a 99 perce

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Oil producer Pioneer to buy rival DoublePoint for $6.4 billion

Oil producer Pioneer to buy rival DoublePoint for $6.4 billion

By Anna Domanska - Apr 02, 2021

Pioneer Natural Resources, one of America’s biggest independent oil operations, is to acquire rival Texan producer DoublePoint Energy for $6.4 billion in a cash and stock deal. P

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Germany to pay Vatenfall, RWE, EnBw and E.ON for premature closure of nuclear plans

Germany to pay Vatenfall, RWE, EnBw and E.ON for premature closure of nuclear plans

By Anna Domanska - Mar 08, 2021

The German government is paying out billions of euros to energy companies EON, EnBW, RWE and Vatenfall in compensation for the closure of their nuclear power reactors by 2022. The

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