The head of energy research at Goldman Sachs pointed out that the oil prices may remain at a higher level for the next several years due to the persistently constrained supply, despite rebounded demand. ... more
News
Despite Experts’ Opinions to the Contrary, Britain Is Set to Achieve 100% Self-Generated Renewable Energy within 14 Years |
| published: 2021-10-18 9:30 |
Ahead of COP26 in November, various countries around the world are now competing to demonstrate their determination to reduce carbon emissions. ... more
Eneos to Acquire Japan Renewable Energy for US$1.8 Billion |
| published: 2021-10-15 9:30 |
News agencies and energy news websites reported on October 7 that Japan’s petroleum refiner Eneos has offered US$1.8 billion (200 billion yen) to acquire Japan Renewable Energy from its owners Goldman Sachs and Singaporean sovereign wealth fund GIC. According to Nikkei, this is the first major renewable energy deal that Eneos is pursuing and an indication that the refiner is making a strategic shift away from its traditional fossil fuel businesses. ... more
China Seeks for Coal Sources Around the World Amidst Irreconcilable Conflict with Australia |
| published: 2021-10-15 9:30 |
China is an industrial power house that mostly relies on coal-fired power generation, and is the largest country in the world in terms of carbon dioxide emission. ... more
Honda Announces Five Models for New BEV Brand e:N in China |
| published: 2021-10-15 9:30 |
Honda announced on October 14 that the company will be pushing forward a new brand titled e:N in the Chinese market by co-developing with two joint ventures, and showcased five models at once, which will be available to the public in Spring 2022 at the earliest. ... more
Huadian Enters Agreement to Develop DG PV and a 200MW/1,600MW CAES Project in Hebei |
| published: 2021-10-14 9:30 |
Chinese news websites including Bohai Today reported in late September that the committee that governs the Nandagang Industrial Park of Bohai New District has signed a strategic cooperation framework agreement with a subsidiary of China Huadian Corporation. ... more
Is Energy Transformation a Bad Move? EU: Carbon Market Funds Able to Mitigate Impact from Surging Electricity Prices |
| published: 2021-10-14 9:30 |
The imbalanced energy supply and surging electricity prices of Europe may be harmful to the promotion of the Green New Deal and the carbon market policy, which is an unfortunate development seeing as how the continent is hit with an energy crisis when it just started discussing strategies in carbon reduction. The EU, however, is confident that the funds from the carbon market are able to mitigate the impact of elevating energy cost on consumers. ... more
CATL Outbids Ganfeng for Millennial Lithium with a Cash Offering of CAD 377 Million |
| published: 2021-10-13 9:30 |
CATL, a major Chinese battery manufacturer and EV battery supplier to Tesla, will be acquiring Canadian lithium mining company Millennial Lithium in its entirety after winning a bidding war against another Chinese battery and chemical manufacturer Ganfeng Lithium. ... more
Tesla Relocates HQ and Takes Over HP’s Old California HQ |
| published: 2021-10-13 9:30 |
Tesla has relocated its headquarters from California to Texas, and further expanded its California base, instead of giving up on the area. ... more
Peak Season of Apple is Added with Uncertainties as Suppliers Worry Power Restriction May Impact Supply |
| published: 2021-10-13 9:30 |
Suzhou, Zhejiang, Guangdong, and Northeast China have been experiencing successive power shortages as the country doubles down on the “Dual Control” policy, where Suzhou had announced a suspension in operation between the 26th and 30th of September, with a resumption on October 1st. Apple suppliers warn that the power restriction will obstruct the supply chain since Apple is currently preparing for the peak season, including the production of the latest iPhone 13. ... more
