The Middle East’s oil and gas has put the region at the heart of the energy sector the last 100 years. These resources, plus plentiful sunshine, will see it continue to play a major role into the energy transition – but there will be bumps along the way.
Europe’s energy security woes represent an opportunity for African gas supplies, according to Africa Finance Corp. (AFC), although noting the infrastructure challenges along the way.
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
Consultancy Crondall Energy has been awarded a share of a £6.7 million UK Government pot to try to use North Sea infrastructure to solve the puzzle of energy storage.
The Suriname-Guyana basin continues to be a focal point for hydrocarbon exploration and development, as evidenced by CGX Energy’s recent discovery at the Corentyne block, in line with Suriname’s Block 58. Indeed as frontier E&P remains at a comparatively low ebb, this represents one of few global hotspots, with an estimated 16bn barrels of recoverable resources discovered to date.
Energy Vault (NYSE:NRGV) has gone public with a listing on the New York Stock Exchange (NYSE), raising $235 million gross.
TotalEnergies has signed a memorandum of understanding (MoU) in Rwanda ahead of a final investment decision (FID) in Uganda tomorrow.
Macquarie’s Green Investment Group (GIG) has reached financial close on a 40 megawatt (MW) UK battery storage project.
Thurso-based battery maker AMTE Power is taking part in a £9.7 million research project to boost charging speeds of electric and hydrogen-powered BMWs.
Mobile green battery start-up Carbon Neutral Energy (CNE), of Aberdeen, is looking to set up a base in Texas, just two months after launching.
West Africa is fertile ground for minigrid developments but companies must co-operate to broaden energy access successfully.
East Africa-focused Janus Continental Group (JCG) has invested $13 million in Highview Power, which has developed a liquid air energy storage system.
The UK has grand hopes to extend its links with Africa, particularly in the renewable space where there is clear scope for facilitating investments and supporting increased generation.
The next 10 years will be critical in determining Africa’s power path – and just how much more carbon the next billion people will emit.
The Red Sea Development Co. (TRSDC) has contracted ACWA Power to provide renewable energy to the tourist site.
Sasol has set out steps to cut carbon emissions in a 10-year pivot away from coal and towards alternative energy sources.
Twelve leading companies and organisations across the Humber have jointly submitted a bid worth around £75 million to accelerate decarbonisation in the UK’s most carbon intensive industrial region.