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The Latest Breaking News from Energy

Jagan ‘intervenes’ as Balineni remains firm on quitting YSRCP regional coordinator post

The YSR Congress Party (YSRCP) appears to continue a damage control exercise as former Energy Minister Balineni Srinivasa Reddy remains firm on resigning as the party’s regional coordinator. Chief Minister Y.S. Jagan Mohan Reddy discussed various issues with Mr. Srinivasa Reddy at Tadepalli on June 1 (Thursday), sources in the…

The Hindu

Labour plan to ban North Sea oil development risks 'strangling' UK energy industry

The boss of the GMB union, a major donor to Labour, said it would "self-defeating" not to maximise extraction of oil and gas at a time of global uncertainty.

Daily Record

The power switch that will send energy bills surging by up to $600 a year

NSW customers can expect rises between $440 and $594 annually.

Newcastle Herald

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Cost hikes and delays for NSW renewable energy zones

The two renewable energy zones that account for the bulk of the new generation power capacity in NSW will be delayed by up to two years, the government says.

AAP

Power bills to surge by nearly 25pct for thousands

Customers on the default electricity market offer will be slugged with massive price rises due to high wholesale energy costs.

AAP

Energy Dept. cancels $200M grant to battery maker after GOP criticism over alleged ties to China

The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China

The Independent UK

Green power target will require 'huge' investment surge

A huge surge of investment will be needed for the government to achieve its green energy ambitions, senators have been told.

AAP

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Govt offers NZ Steel $30m more in bonuses for bigger, faster emissions cuts

NZ Steel's next step is using hydrogen and natural gas to eliminate emissions in the first step of turning ironsands into steel, but the company says commercial deployment is at least decade away. Rod Oram reports.

Newsroom.co.nz

Tory MPs enjoy cricket jolly in Corfu while colleagues tackled crisis in Sudan

Eight Conservative MPs, including Nigel Adams, James Daly and Crispin Blunt, and two Tory peers went on the trip to Corfu last month

Daily Mirror

Tories ‘buzzing with ideas’, says Shapps amid grassroots criticism of Sunak

The Energy Secretary played down suggestions of unrest within the party ranks amid the fallout from the local elections.

The Independent UK

Microsoft to buy nuclear fusion power from Altman-backed startup by 2028

Sam Altman invested $375 million into nuclear fusion startup Helion Energy in 2021.

Fortune

Federal budget 2023: Billionaire Andrew Forrest a likely budget winner with green hydrogen subsidies

The government has injected $2 billion into green hydrogen through the federal budget amid fears Australia is falling behind in the race to become a renewable energy superpower.

ABC News

Joe Biden's War on Dishwashers Rages On

Not content with merely getting rid of Trump-era deregulation, the Biden administration is now tightening energy efficiency standards for a long list of home appliances.

Reason

Germany to ease solar rules as new installations surge

Germany’s energy minister has announced plans to ease bureaucratic hurdles for solar power as the country set a new record for photovoltaic installations during the first quarter

The Independent UK

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The Conversation

Alberta election: Is the province's energy regulator acting in the public interest?

Alberta’s claims that it’s a responsible energy producer are increasingly ringing hollow.

Daily Record

Applications now open for £9m heating bill help fund for people struggling during cost of living crisis

Financial support is available to those who are rationing energy to get by regardless of the type of meter or fuel used.

Birmingham Post

Carbon capture omission leads Chamber and council leaders to write to Westminster urging rapid rethink

Humber's grand schemes missed forerunner status despite the industrial cluster being the most carbon intensive

Insider UK

Scottish university launches green hydrogen innovation centre

Hydrogen technology firms Logan Energy and PlusZero join collaboration consortium

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Daily Mirror

Energy giants raking in £60 million A DAY in massive Tory tax fail

Firms including BP and Shell are this week set to announce profits of more than £10billion since the start of the year

The New Daily

Major tax break announced for small businesses going green

Small and medium-size businesses that invest in energy efficient equipment could be eligible for a tax deduction of up to $20,000.

Newcastle Herald

Government weighs up intervention to keep Eraring open

Eraring Power Station presently produces up to 25 per cent of the state's energy needs.

Roll Call

Energy tax credits a big test for GOP vote counters on debt bill - Roll Call

The prospect of repealing clean energy tax credits is causing some House Republicans to waver on the GOP debt limit bill.

Reuters

Lithuania to decide on withdrawal from Russia-Baltic power treaty by Aug. 6

Lithuania will make a decision on whether to withdraw from a treaty governing the common power grid of Russia, Belarus and the three Baltic States by Aug. 6, based on a review of studies into the potential impact, its energy minister said on Monday.

Tribune News Service

Hydrogen energy gets ready for its close-up as US funds flow

The hydrogen rush is on.

StockNews.com

2 Energy Stocks With Strong Growth Potential

The renewable energy market is expanding rapidly, thanks to government initiatives and increasing capacity. In light of this, investing in the renewable energy stocks Enphase Energy (ENPH) and Canadian Solar (CSIQ) could be excellent choices, given their solid fundamentals. Read on.

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