SK Group of South Korea picks up 9.9% stake in Plug Power of US

SK Group of South Korea picks up 9.9% stake in Plug Power of US

By Anna Domanska - Jan 08, 2021

South Korea conglomerate SK Group will invest $1.5 billion in US hydrogen fuel cell maker Plug Power to boost the use of hydrogen as an alternative energy source in Asia.

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Banks need to furnish reasons for not backing fossil-fuel investments

Banks need to furnish reasons for not backing fossil-fuel investments

By Anna Domanska - Nov 23, 2020

A new rule by the US government under the Trump administration mandates that banks withholding investments in fossil-fuel backed businesses would face penalties unless they can pro

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Japan to attain zero emissions, carbon neutral society by 2050

Japan to attain zero emissions, carbon neutral society by 2050

By Anna Domanska - Oct 27, 2020

Prime Minister Suga’s commitment to zero emissions, carbon neutral society is a big shift in Tokyo’s climate change policies, where 40% of its energy needs are met by coal powe

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Wind and Solar Energy cheaper than fossil fuel as electricity source

Wind and Solar Energy cheaper than fossil fuel as electricity source

By Anna Domanska - Oct 22, 2020

Wind and solar power are the cheapest form of new electricity in most of the world today.

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Mitsui to end investments in coal-run power stations

Mitsui to end investments in coal-run power stations

By Christy Gren - Oct 15, 2020

Mitsui of Japan has said it will end investments in fossil fuel power stations to meet its goals of zero emission by 2050. Japanese financial firms are leading investor in coal pro

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US Wind Power Adds 1800 MW of Capacity in first quarter of 2020

US Wind Power Adds 1800 MW of Capacity in first quarter of 2020

By Anna Domanska - Aug 30, 2020

Wind Energy is gaining ground over other renewable energy sources as a viable alternative with average costs coming down

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Antisolar panels used to Harvest Energy after sundown

Antisolar panels used to Harvest Energy after sundown

By Anna Domanska - Aug 23, 2020

Researchers have found a way to harvest energy through the use of antisolar panels and a thermoelectric power generator even after sunset.

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Mining Industry Rethinks Renewables

Mining Industry Rethinks Renewables

By Anna Domanska - Jan 03, 2020

The mining industry is a highly energy-intensive sector. It is said that almost 11 percent of total energy consumption in the world is by mining. Traditionally, the industry has be

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Low Production Cost of Renewable Energy Will Drive Coal Production out of Business

Low Production Cost of Renewable Energy Will Drive Coal Production out of Business

By Anna Domanska - Apr 25, 2018

Last year renewable energy accounted for two-thirds of new power added to the world’s grid, says the International Energy Agency. The shift was driven by falling prices and gover

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