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.
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.
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.
Next year, the wind turbine manufacturer will streamline technologies across onshore and offshore divisions. The question of whether gears have a future in the OEM's machines is also being evaluated, notes CEO.
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.