5 largest oil and gas companies' 2020 revenue drops 30% despite posting $1 trillion in sales
Although the coronavirus pandemic heavily impacted the energy sector in 2020, some of the leading companies under the oil and gas category still posted impressive revenues. However, the companies are yet to hit their pre-pandemic levels as the economic recovery continues. Data acquired by Finbold indicates that the five largest oil and gas companies recorded a cumulative revenue of $1.14 trillion in 2020, representing a loss of about 30.9% or $500 billion from the 2019 figure of $1.65 trillio...
Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Fluid Catalytic Cracking Units’, reveals that Asia is likely t...
Highview Power Developing 2 GWh of Liquid Air Long Duration Energy Storage Projects in Spain
LONDON and MADRID – Highview Power, a global leader in long duration energy storage solutions, announced today it is developing up to 2 GWh of long duration, liquid air energy storage projects across Spain for an estimated investment of around $1 billion. These projects will enable several Spanish regions to move towards their net zero emissions target. Alongside development partners and a consortium of investors, which include TSK, one of the largest engineering companies in Europe, and the...
Adani Group secures position as the largest solar company in the world
The Adani Group has secured its position as the world’s largest solar company, following today’s announcement that Adani Green Energy Ltd (AGEL) has acquired SB Energy Holdings Ltd, which will see AGEL achieve a total renewable energy capacity of 24.3GW. The 24.3 GW would be enough energy to power more than 8.5 million homes, or nearly all the households in Australia (*9.2 million) each year. Adani’s solar farm at Rugby Run in central Queensland is part of this portfolio, with a total capacity...
World first concept for rechargeable cement-based batteries
Imagine an entire twenty storey concrete building which can store energy like a giant battery. Thanks to unique research from Chalmers University of Technology, Sweden, such a vision could someday be a reality. Researchers from the Department of Architecture and Civil Engineering recently published an article outlining a new concept for rechargeable batteries – made of cement. The ever-growing need for sustainable building materials poses great challenges for researchers. Doctor Emma Zhang,...
PowerCell Sweden and Hitachi ABB Power Grids deepen collaboration within stationary power solutions
PowerCell Sweden AB and Hitachi ABB Power Grids have signed an agreement regarding an in-depth collaboration around fuel cell based stationary power solutions. The intention is to combine the two companies’ technology and to market fuel cell-based total solution offers that facilitates the transition to a more sustainable energy production. The two companies will initially focus on complete, mobile container-based solutions with a power of up to 600 kW, and on module-based stationary megawatt...
Bechtel completes last major lift at U.S. nuclear plant construction site
Passive containment cooling water tank set into place at Vogtle on Unit 4 On April 25, a Bechtel-led construction team set a massive cooling water tank on Plant Vogtle Unit 4, the second of only two new nuclear units currently under construction in the United States. This is the final, major lift for the Unit 4 team and the project at the construction site in Waynesboro, Georgia. “This is an important milestone for the project and signifies the topping out of the Shield Building for the un...
Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
Gothenburg, Sweden / Stuttgart, Germany – Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the ambition of becoming a leading global manufacturer of fuel-cell systems, cellcentric will build one of Europe’s largest planned series produ...
Neste to enable production of up to 500,000 tons/a of Sustainable Aviation Fuel at its Rotterdam renewable products refinery
Neste, the world's leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, will modify its existing renewables production capacity in Rotterdam, the Netherlands, to enable production of Sustainable Aviation Fuel (SAF). Currently the refinery produces mainly Neste MY Renewable Diesel™. The modifications to the refinery, an investment of approximately EUR 190 million, will enable Neste to optionally produce up to 500,000 tons of SAF per ann...
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
PHOTO CREDIT - Karsten-Wurth - A Wind Farm in Winter Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties. Significant implications for future wind farms and ERCOT planning are described in the study. ArcVera Renewables, a leading international provider of consulting and technical services for wind, solar, and storage projects, today publishes its report...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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