In this article GS The pump of a hydrogen refueling point at a gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a
Environment
Airbus hydrogen A380 demonstrator Airbus hydrogen A380 demonstrator Airbus said it plans to test a hydrogen-powered engine on a modified A380 by the middle of the decade, in hopes of bringing lower-emissions fuels to commercial air travel. The European aircraft giant said Tuesday that it’s working with engine-maker CFM International — a joint venture of
In this article 7012.T-JP 7261.T-JP 7203.T-JP 7272.T-JP BMW-DE CMI HYMPF TSLA VOW3-DE A Yamaha Motor Co., V8 hydrogen engine displayed in Japan, on Saturday, Nov. 13, 2021. Toru Hanai | Bloomberg | Getty Images Toyota has commissioned Yamaha Motor to develop a hydrogen-fueled engine, with the president of the latter stating that his company was
In this article @CL.1 @LCO.1 The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images Oil prices jumped as the crisis between Russia and Ukraine escalated. On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of
In this article TATAPOWER-IN RWE-DE This image shows onshore wind turbines in Gujarat, India. Shiv Mer | Istock | Getty Images German energy giant RWE and India’s Tata Power on Monday announced a collaboration that will focus on developing offshore wind projects in India. The firms said a memorandum of understanding relating to the plans
In this article ENR-DE RWE-DE No-Mad | iStock | Getty Images German power firm RWE has signed an agreement with Neptune Energy to develop a green hydrogen demonstration project in the Dutch North Sea, targeting an electrolyzer capacity of 300 to 500 megawatts. In a statement Tuesday, the firms said the H2opZee project would be
The receiving station for the Nord Stream 2 gas pipeline stands at twilight on February 2, 2022 near Lubmin, Germany. Sean Gallup | Getty Images German Chancellor Olaf Scholz has told CNBC that the West has to work “very hard” to find alternative sources of energy beyond Russia as talks of potential sanctions intensify. Speaking
DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a
EU Commission’s President Ursula von der Leyen holds a press conference ahead the G20 and the COP26 (Glasgow Conference) in the Berlaymont, the EU Commission headquarter on October 28, 2021 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images European Commission President Ursula von der Leyen has told CNBC that energy sanctions
Transmission towers are shown on June 15, 2021 in Houston, Texas. The Electric Reliability Council of Texas (ERCOT), which controls approximately 90% of the power in Texas, has requested Texas residents to conserve power through Friday as temperatures surge in the state. Brandon Bell | Getty Images Texas led the country in building new renewable
In this article AIR-FR A model of one of Airbus’ ZEROe concept aircraft displayed in Hamburg, Germany, on 18 January 2022. Marcus Brandt/dpa | picture alliance | Getty Images Aviation could face substantial challenges if it’s unable to decarbonize in a timely manner, according to the CEO of Airbus, who added that hydrogen planes represent
Steam rises from a cooling tower on September 7, 2007 at the Tennessee Valley Authority’s Watts Bar Nuclear Plant in Spring City, Tennessee, 50 miles south of Knoxville. Chris Baltimore | Reuters The government is going to spend billions of dollars to keep nuclear power plants open in the United States because they’re losing too
South Korea is monitoring the Russia-Ukraine crisis closely to assess its impact on energy prices, or possible disruptions to supply chains, its trade minister told CNBC. “I think first, we are closely monitoring a spike in the energy prices,” Yeo Han-koo said, adding that as much as 92% of South Korea’s needs are being met
In this article @CL.1 DVN A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images Russian President Vladimir Putin has long made it clear that he is no fan of U.S. shale drilling. But, if he invades Ukraine,
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images Oil prices are soaring and nothing appears to be stopping their ascent. December to January saw international benchmark Brent crude climb by roughly $11 a barrel, and it’s gone up nearly
Employees arrive at ConocoPhillips headquarters in Houston, Texas. F. Carter Smith | Bloomberg | Getty Images Oil and gas major ConocoPhillips is in the bitcoin mining fuel business. The company said in a statement to CNBC on Tuesday that it has one bitcoin pilot project currently operating in the Bakken, a region in North Dakota
A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images LONDON — Banks and investors have channeled massive sums of money to support the coal industry in recent years, according to
Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020. Bloomberg | Getty Images Oil and gas giant BP said Monday that mounting risks of a Russian invasion of Ukraine are having no impact on its operations within the major energy-producing nation.
A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft. Yegor Aleyev | TASS | Getty Images Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel. It comes at a time
In this article SPWR TTE-FR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images TotalEnergies is buying SunPower‘s commercial and industrial business, the two companies announced Wednesday evening. The $250 million deal includes $190 million cash up front, plus another $60 million to be paid if an extension
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