Energy Update
A U.K. company that turns used electric vehicle battery packs into stationary energy storage has secured a £3 million (US$4.1 million) investment from Macquarie Group and French utility ENGIE.
Australia, one of the world’s biggest users of rooftop solar panels, likely added the most new capacity on record last year as electricity users sought to ease escalating power bills.
Nigeria is bracing itself for another stern test this year as it hopes to restore its oil production fully while at the same time maintaining the fragile peace in the restive Niger Delta.
The share of renewables in the Middle East energy mix is forecast to triple over the next 17 years — but natural gas will remain the dominant power source in the region. That’s one of the key findings of a new report published this week by Siemens.
Today, subscriptions are available to just about anything: TV streaming services, at-home meal kits, clothing and more. Now we’re welcoming energy to the subscription economy.
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