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European companies exposed as Trump takes aim at offshore wind

LONDON, Jan 21 (Reuters) – U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind... continue reading

Half US at high risk of power shortfall in next decade, regulator says

NEW YORK, Dec 17 (Reuters) – About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages... continue reading

Biden administration releases LNG export study, urging caution on new permits

WASHINGTON, Dec 17 (Reuters) – The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday,... continue reading

HAKOM Sees Rising Importance of Data Management in the Energy and Commodity Industry

Data management is becoming an increasingly critical topic in the energy and commodity sectors. But is this solely due to the integration of AI applications into business processes? How... continue reading

BP forms offshore wind joint venture in renewables retreat.

LONDON, Dec 9 (Reuters) – BP (BP.L), opens new tab and Japanese power generator JERA have agreed to join forces to form one of the world’s largest offshore wind operators, a... continue reading

Hitachi’s Role in Advancing AI for Energy Forecasting and Optimization

AI is a key focus in today’s business landscape, with many companies exploring its applications across various domains. In the ETRM space, AI offers transformative potential. For instance, large... continue reading

European oil giants step back from renewables path

LONDON, Nov 18 (Reuters) – Almost five years ago, BP (BP.L), opens new tab embarked on an ambitious attempt to transform itself from an oil company into a business focused on... continue reading

TOPAZ: Sophisticated real-time multi-commodity risk management

The demand for external risk systems, alongside the risk management capabilities of CTRMs, is growing steadily. There are several reasons for this trend. First, real-time capabilities have become increasingly... continue reading

Trump return will slow, not stop, US clean energy boom

Nov 6 (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the... continue reading

World will miss Paris climate target as nitrous oxide rises, report says

WASHINGTON, Oct 31 (Reuters) – Failing to curb emissions of nitrous oxide will make it impossible to meet the main goal of the Paris climate agreement to keep global... continue reading

ComTech Advisory announces a market study of AI technologies in energy business

ComTech Advisory is excited to announce the launch of new market research focused on data management and AI in the energy sector. This new study follows our recently published... continue reading

Germany earmarks $3 billion for decarbonisation subsidies

BERLIN, Oct 15 (Reuters) – The German government has earmarked up to 2.8 billion euros ($3.1 billion) to support 15 industrial companies in their bid to decarbonise under its... continue reading

Renewable energy to fall short of UN goal to triple by 2030, IEA says

LONDON, Oct 9 (Reuters) – Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of... continue reading

AI in the energy business: hype or reliable future technology?

AI has become the key technology of our time, sparking debate among experts and policymakers about its potential benefits and risks. With the widespread availability of tools like ChatGPT,... continue reading

US looks to resurrect more nuclear reactors, White House adviser says

NEW YORK, Oct 7 (Reuters) – The Biden administration is working on plans to bring additional decommissioned nuclear power reactors back online to help meet soaring demand for emissions-free... continue reading

Exclusive: BP abandons goal to cut oil output, resets strategy

LONDON, Oct 7 (Reuters) – BP (BP.L), opens new tab has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy... continue reading

France to stick with wind power development targets

PARIS, Oct 2 (Reuters) – France is aiming for a target growth rate of 1.5 gigawatts (GW) per year in onshore wind power, Energy minister Olga Givernet said on... continue reading

Britain to become first G7 country to end coal power as last plant closes

LONDON, Sept 30 (Reuters) – Britain will become the first G7 country to end coal-fired power production on Monday with the closure of its last plant, Uniper’s (UN0k.DE), opens new... continue reading

Germany, EU must match green power roll-out with more batteries, says Ember

FRANKFURT, Sept 26 (Reuters) – Rapidly growing solar and wind power across Germany and the European Union must be matched by more battery storage to capture weather-induced generation peaks... continue reading

Record renewables growth fuels cost competitiveness -IRENA report shows

LONDON, Sept 24 (Reuters) – Over three-quarters of new renewable energy capacity added last year was cheaper than fossil fuels, showing the competitiveness of solar, wind and other sources,... continue reading

Octopus buys British solar and battery storage firm Exagen

LONDON, Sept 24 (Reuters) – Octopus Energy Generation has acquired solar and battery storage developer Exagen Group to expand its renewable energy pipeline. Exagen, which develops utility-scale renewable energy... continue reading