Why Bill Gates’ TerraPower chose Wyoming for the Natrium reactor project

Why Bill Gates’ TerraPower chose Wyoming for the Natrium reactor project

By Anna Domanska - Jun 03, 2021

Wyoming will join forces with Bill Gates’ TerraPower LLC to house the first Natrium reactor, a move proponents hope will help diversify the state’s economy while accelerating t

Read More
Germany adopts new law to hasten the end of coal plants

Germany adopts new law to hasten the end of coal plants

By Anna Domanska - May 19, 2021

A new climate law adopted by Germany requires that all coal-fired power plants be shut down before the promulgated 2038 deadline. In January 2020, the German government had negotia

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More