Foto: Loren Elliott/REUTERS / X03952

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Foto: HANDOUT/AFP / Taiwan Presidential Office

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Sweco selected as advisor for North Sea energy island

As the principal advisor, Sweco will assist the Danish Energy Agency with technical counseling throughout the tender, design, construction, and transfer phases of the North Sea energy island. The agreement is valued at DKK 400m with a cap of DKK 600m.

Oil prices dip on low demand and output

Rising concerns on whether the US and Europe will be hit by an economic recession, along with debt problems in emerging markets and tight Covid-19 protocols in China, weigh down on oil demand.

Foto: Hysata

Vestas invests in electrolysis startup

An Australian startup claiming 95% electrolysis efficiency attracts investment of AUD 42.5m from several players, including the Danish OEM’s venture unit.

Jochen Eickholt confirms layoffs

Without quantifying or specifying which sites will see job cuts, the turbine maker remarks that two segments in particular will need to see staff reductions. But it’s a balance, says CEO.

Volvo Group announces new battery factory in Sweden

Volvo Group is set to build a new battery factory in Sweden to benefit from the nation’s fossil-free energy sources. This is part of the company’s ambition for 35% of all vehicles and machines sold to be electric by 2030.

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