Climate chief says carbon capture and storage faces big challenges

This photograph taken on February 27, 2024, shows the the Heidelberg Materials cement plant in Antoing, during a press visit. The cement plant intends to equip it’s kiln with a carbon capture facility, which will enable the Antoing plant to achieve a net-zero carbon balance. Benoit Doppagne | Afp | Getty Images LONDON — The … Read more

Sunnova CEO tries to reassure rattled investors after stock’s worst day since March 2020

John Berger, chairman and chief executive officer of Sunnova Energy Corp., speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Thursday, March 14, 2019. Aaron M. Sprecher | Bloomberg | Getty Images The residential solar company Sunnova Energy took a beating this week as investors dumped their shares after the … Read more

Regulator says deep-sea mining is a matter of time

Activists at a “Look Down action” rally to stop deep sea mining, outside the European Parliament in Brussels on March 6, 2023. Kenzo Tribouillard | Afp | Getty Images It’s likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the head of the International Seabed … Read more

Nobel laureate hopes startup can achieve hydrogen storage breakthrough

The construction site of a plant for the production of hydrogen in Germany.  Picture Alliance | Picture Alliance | Getty Images A California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cusp of a “quantum leap” in the hydrogen energy race. H2MOF, which was co-founded … Read more

U.S. energy chief concerned about China’s critical minerals dominance

Construction workers install equipment at a construction site of a lithium battery project on April 6, 2023 in Renshou County, Meishan City, Sichuan Province of China. Vcg | Visual China Group | Getty Images U.S. Energy Secretary Jennifer Granholm on Wednesday said the country is “very concerned” about China’s grip on the global supply chain … Read more

Fluence CEO says energy storage leader to become profitable this year

Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California on September 16, 2022.  Patrick T. Fallon | AFP | Getty Images Energy storage … Read more

Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs

Rafael Henrique | Lightrocket | Getty Images Enphase Energy sees light at the end of the tunnel this year for the solar market after the industry has taken a beating from high interest rates. High rates have depressed demand for residential solar installations in 2023, leaving companies like Enphase saddled with too much inventory. Enphase … Read more

Orsted exits several offshore wind markets, pauses dividend

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Ucg | Universal Images Group | Getty Images Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising … Read more

Siemens Energy swings to profit on order surge, sale of Indian stake

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens. The German renewables firm reported … Read more

UN’s Usher highlights financing challenge for companies in green transition

Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real … Read more