Asia’s renewable energy sector is expanding but policy inconsistencies, grid limitations, and reliance on fossil fuels mean that the continent still has a long way to go in its journey to decarbonise its economies, says a new report by trade association the Energy Industries Council (EIC). The EIC Asia OPEX Report, released on November 19,
Dutch startup SeaO₂ has announced over €2 million in new funding to advance its technology for removing CO₂ from seawater. The funding aims to support SeaO₂’s goals of removing one megaton of CO₂ by 2030 and one gigaton by 2045. SeaO₂’s Direct Ocean Capture (DOC) technology extracts CO₂ from seawater, returning carbon-free water to the
Vamo, a Cologne-based startup streamlining the switch to a high-efficiency heat pump, has expanded its seed round to over €10 million. After raising €3 million in 2023, Vamo has now additionally secured more than €7 million in an oversubscribed seed extension round. Led by Berlin’s Extantia Capital and Munich’s GET Fund, the fresh capital will
Oman’s leading solar PV and renewable energy company, Nafath Renewable Energy LLC, and US-based leader in sustainable energy technologies, FuelCell Energy Inc, have signed a collaboration agreement to drive advancements in green hydrogen production in Oman. The announcement was made during the third edition of IEEE PowerTalks, under the auspices of Dr. Khamis bin Saif
A groundbreaking US$3.6 billion energy industrial park is set to transform Beitbridge following a collaboration between the Government of Zimbabwe, Chinese mining firm Palm River Energy, and the Metallurgical Special Economic Zone. The park, located 20 km west of Beitbridge town, aims to bolster Zimbabwe’s mining and energy sectors through the production of stainless steel,
Switzerland’s glaciers experienced above-average melting in 2024, as a sweltering summer thawed through even the heaviest snowfall, according to a report by the glacier monitoring body GLAMOS. While glaciologists had initially hoped that the heavy winter and spring snowfall would slow the rate of glacier loss, the heat of the summer quickly erased those gains,
Saudi Arabia’s King Salman Energy Park (SPARK) has recently announced that it successfully attracted more than 60 investors, with expected investments currently totaling over $3 billion, in a recent statement on social media platform X. King Salman Energy Park is a leading industrial ecosystem with sustainability at its core. It connects the world to opportunities
La Solive, the energy renovation school, has raised €4 million in a Series A funding round led by Partech, alongside Brighteye Ventures who already participated in the Seed Round, as well as business angels including Thibaud Hug de Larauze (CEO of BackMarket), Vincent Bryant (CEO of Deepki), and Clément Delpirou (President of the IAD Group).
Mining giant Rio Tinto has announced an innovative farming trial in Australia to explore the potential of Pongamia seed oil as a feedstock for renewable diesel. The initiative, launched in collaboration with local wood fibre processor Midway Ltd, aims to test the viability of Pongamia trees in producing a sustainable alternative to traditional diesel fuel.
Russia’s oil revenues have plunged to their lowest level in seven months, driven by falling global crude prices and reduced demand from key markets in Asia. According to data from Argus Media, as reported by Bloomberg, the gross value of Russia’s crude exports fell to $1.44 billion in the week ending September 8, down from
