Australia Energy Storage Systems (ESS) – An Overview of its Market Trends, Innovation & Forecast
IHS Markit makes a bold prediction in their most recent study that energy storage installations in Australia will increase from a mere 500 MW to an astounding 12.8 GW by 2030. Though Australia currently only accounts for less than 3% of total global installations for battery energy storage, the country is expected to represent 7% […]
Electric Car Sales to Reach 14 million in 2023, says IEA
Electric car sales are expected to continue strongly through 2023 and more than 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year, International Energy Agency (IEA) said on Wednesday.
Italy’s Enel to sell assets and focus on six main markets
Enel plans asset sales worth 21 billion euros ($21.5 billion) to reduce net debt and focus its transition to cleaner energy on six core countries, the Italian utility said on Tuesday.
Exclusive: Kazakhstan to start oil sales via Azeri pipeline to bypass Russia
Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said.
Oil rises on elevated geopolitical risks in Europe and Middle East
Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter.
Uniper secures $11 bln of credit to cope with gas volatility
German utility Uniper (UN01.DE) has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum (FORTUM.HE) and state bank KfW (KFW.UL)in a move to cope with unprecedented volatility in energy markets, it said.
