U.S.

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as it transitions to more operations outside of its oil and gas business. The London-based multinational group on Jan. 16 said it would lay off about 4,700 workers, and also cut […]

The International Energy Agency (IEA) in a new report said global use of coal, including for power generation, is expected to reach a record 8.77 billion tonnes this year. The group said China’s continued use of coal in its power plants, along with the impacts of Russia’s invasion of Ukraine on global gas markets, means […]

European energy major Equinor said it is cutting 20% of the workforce, or about 250 jobs, in its renewable energy division due to continued economic challenges. The Norway-based company said the layoffs are part of the company’s effort to streamline its operations. Equinor in recent months has canceled offshore wind projects in several countries, including […]

The need for emissions-free power generation, along with the ability to provide more power when and where it’s needed, is driving research and development of smaller nuclear reactors. Energy industry

A U.S. bank that supports technology exports to international groups is committing $98 million toward development of a small modular reactor (SMR) project in Romania. The board of directors of EXIM, the U.S. export-import bank, on October 2 announced approval of a final commitment for a loan for pre-project services for the SMR, which would […]

Updated data from the China Nuclear Energy Association (CNEA) shows the country has 55 nuclear reactors in operation, ranking third globally behind the U.S. and France. The CNEA said China at present has a world-leading 26 nuclear power units under construction, including Unit 5 of the Ningde Nuclear Power Plant in Fujian Province, where the […]

A Kentucky-based group has announced plans to build a 6-GW fleet of nuclear power stations in the U.S., looking to take advantage of bipartisan support for nuclear technology and the need to build more baseload, zero-carbon sources of energy. The Nuclear Company, headquartered in Lexington, said its business model would lean on “proven, licensed technology […]

As the oldest renewable energy resource, hydropower is well-established as a reliable source of dispatchable energy. Yet, it is often overlooked and taken for granted. It’s commonly believed that hydro’s

The market for customizable, scalable, turnkey energy storage solutions continues to evolve, as companies look at providing systems that will work from an individual application level all the way to grid and utility-scale deployment. Kontrolmatik, an Istanbul, Turkey-headquartered systems integrator and global engineering, procurement, and construction leader in power generation, transmission, and distribution, and its […]

Energy ministers from seven of the world’s largest economies, including the U.S., said they would end the use of “unabated” coal by 2035, but also said countries could extend that deadline if circumstances warrant. The Group of Seven (G7) members, which also include Canada, the UK, France, Germany, Japan and Italy, published a communiqué on […]