Tripling Renewables Investment to Reach Climate Goal

Global renewable energy investment increased between 2013 and 2018, reaching its peak at USD 351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).” The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a …

Volvo Buses Inks New Electric Bus Orders In Norway

Norway is one of the most active nations when it comes to cutting carbon emissions. That means putting significant incentives in place for electric vehicles, be they passenger vehicles, trucks, ferries, or buses. One of its policy initiatives calls for all urban buses in the country to be battery electric …

Verkor, Europe’s New Battery Cell Producer, Begins Its Industrial Journey

Verkor, a French industrial company, is set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and the GROUPE IDEC. The new venture will accelerate the production capacity of low-carbon batteries in southern Europe to meet growing demand for electric vehicles and stationary storage. …

ABB Breaks Ground on $30 Million Facility for EV Chargers to Meet Global Demand

ABB has marked the start of construction at its new facility in San Giovanni Valdarno, Italy, which will serve as a global Center of Excellence and production site for electric vehicle charging infrastructure. The 16,000 square meter facility is expected to be operational by the end of 2021. As a …

The Oil & Gas Industry Doesn’t Have a Bright Future

The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result. …

Can Electricity Decarbonize the Energy Sector?

The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the demand to “electrify everything” grows, the carbon footprint associated with every step of the electricity generation process must be …