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Nickel Industries, an Australian company, is extending invitations to electric vehicle (EV) and battery manufacturers, including Tesla, to visit its Indonesian facilities. The company is actively seeking potential investors for its $2.3 billion nickel plant in Indonesia’s Morowali, aiming to supply…November 27, 2023
The upcoming COP28 climate summit in Dubai is poised to address several critical issues as countries grapple with the urgency of addressing climate change. A key focus will be the “global stocktake,” evaluating countries’ progress toward the goals outlined in the 2015 Paris Agreement…November 27, 2023
BP has successfully entered Japan’s power market, securing approval from the industry ministry to operate as a retail electricity provider. This move is a key part of BP’s overarching strategy to broaden its investments across various growth areas, particularly in renewable energy…November 27, 2023
South Korea is bucking the global trend of securing long-term agreements on liquefied natural gas (LNG) due to high prices, a move that exposes the country to the volatile spot market. Korea Gas Corp., a state-owned entity, intends to rely on short-term deals or spot purchases to meet…November 27, 2023
China is facing a challenging situation as it attempts to navigate its real estate crisis without triggering a surge in iron ore prices, a crucial commodity for the country’s steel production and broader economy. The Chinese government has implemented decisive measures to address…November 27, 2023
The affordability of electric vehicles (EVs) may see improvement as lithium-ion battery prices are resuming their long-term downward trend. The average pack price dropped to $139 per kilowatt-hour in 2023, reflecting a 14% decline from $161/kWh in 2022. While technological innovation…November 27, 2023
The battery industry is witnessing increased investment in sodium-based technology, signaling a potential disruption in the energy storage sector. Sodium, being cheaper and more abundant than lithium, holds promise for applications in energy storage and electric vehicles…November 27, 2023
At the 28th Conference of the Parties (COP28) in Dubai, climate negotiators are poised to address and finalize rules for a new emissions market overseen by the United Nations. This market aims to facilitate the trading of carbon credits, allowing entities to offset their domestic…November 27, 2023
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