BP profit warning a bellwether for change
BP PLC has warned that it expects profit margins to slump this quarter due to a fall in oil trading and is instead relying on an unlikely source of growth, electric vehicles, to steady the ship this year.
electric vehicles
Starmer hails billions of pounds of investment pledges ahead of summit
Prime Minister Keir Starmer said on Thursday that the government has secured more than £24 billion of private investment in domestic clean energy projects ahead of next week’s investment summit.
Report says BP cuts 10% of EV charging business workforce
BP has cut more than a tenth of its workforce from its electric vehicle charging business, BP Pulse, and pulled out of several markets, it has been reported.
Tesla closes in on preliminary deal for Indonesia EV plant
Tesla is close to a preliminary deal to set up a factory in Indonesia, according to people familiar with the matter, as Elon Musk’s electric-vehicle maker looks to capitalize on the Southeast Asian nation’s reserves of key battery metals.
Indonesia’s state firms to use only EVs by 2025 in net zero push
Indonesia is setting a three-year deadline for all state-owned companies to use only electric vehicles as part of its goal of reaching net zero emissions by 2060.
‘We need more oil and gas’ billionaire Elon Musk tells ONS
Billionaire Elon Musk has told the ONS conference in Stavanger that “more oil and gas” is needed, at least in the near-term, for a sustainable future.
Welcome to ‘Musk City’: Tech duo create tongue-in-cheek video as billionaire heads to Norway
Dogecoin currency, EVs abound and an Elon Musk bust? Whether that sounds like a utopia or hell on earth, you've got to give them points for effort...
China to export $100bn in renewable energy technology in 2022, bright future ahead
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
Charging up – evolution of EV battery sector
Lithium-ion batteries are ubiquitous, whether it be in consumer products, electric vehicles (EVs) or commercial and industrial energy storage. Nowhere is this more evident than in EVs, which are making meaningful inroads into the transportation market, with market data company Canalys estimating 6.5 million EVs were sold worldwide in 2021, more than double the prior year.
BP to invest £1 billion in EV charging in UK
BP has announced it will invest £1 billion in electric vehicle (EV) charging in the UK over the next decade.
OGA chairman joins electric vehicle charging firm
Electric vehicle firm RAW Charging has appointed Oil and Gas Authority (OGA) chairman Tim Eggar to its board.
Shell sees $4.5 billion of investment opportunities in France
Shell has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported on Saturday, citing an interview with Chief Executive Officer Ben van Beurden.
Fujairah, tidal talk, and driving off with EVs
In this week’s Energy Voice Out Loud podcast, the team are joined by Martina Petrosino from this month's sponsor, BDO, to discuss the latest goings-on from the world of energy.
Indonesia needs $35bn investment to build EV ecosystem
Indonesia needs up to $35 billion investment to build an electric vehicle (EV) ecosystem in the next five to ten years. This will place Indonesia in a key position in the global EV supply chain, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan.
There’s a fortune to be made in the obscure metals behind clean power
The era-defining shift from fossil fuels to clean energy will deliver an unprecedented new boom for commodities—and an opportunity for investors—as a range of relatively obscure materials become essential to delivering emissions-free power, transport and heavy industry.
Thailand’s PTT closer to ruling EV market in Southeast Asia
Thai oil and gas group PTT has signed a joint venture deal with leading electronics producer Foxconn to make electric vehicles (EVs) as Thailand aims to become the region's top manufacturer and exporter of EVs. The move underscores the state-backed energy company's desire to diversify away from the traditional oil and gas business, which may have slower growth potential in the long run.
Thailand’s oil giant is going on a green spending spree
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.
Highest global concentration of lithium found in geothermal waters at Cornwall site
Geothermal Engineering, the company behind the UK’s first deep geothermal electricity power plant, has announced record levels of lithium in its waters.
Thurso battery firm AMTE Power drives electric car project
A battery maker in Thurso is to be the lead supplier in a £5 million project to enable the high volume manufacture of equipment for electric vehicles.
BP invests £5m in smart electric vehicle charging firm
Oil and gas giant BP has invested $7 million (£5m) in a smart electric vehicle (EV) charging firm.
Energy and chemicals transformations pose massive resource challenges
As the curtain falls on the Age of Hydrocarbon Man and the transition towards a more sustainable low carbon future gathers momentum, it is important to recognise the sheer scale of the effort required.
Shareholders back Shell transition strategy, but support for activist resolution doubles
Almost a third of shareholders defied the wishes of Shell board members to vote in favour of a resolution tabled by an activist shareholder group at its annual general meeting today.
Zero emission vehicles in the headlights as the 10 Point Pod talks cars, manufacturing and urban myths
For the majority of people, the most obvious impact of the energy transition will be on transportation.
Electric vehicles can now fill up using tidal energy in Shetland
Tidal-powered cars are now a reality in Shetland, a Scottish marine energy firm said today.
Morgan Stanley: Gasoline industry is about to become totally worthless
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.