Energy

BLOOMBERG A new Baltic Sea wind farm that will power more than 1.5 million Polish homes is getting turbines made with greener steel that will cut their carbon footprint. Denmark’s Vestas Wind Systems A/S, the world’s largest turbine maker, is partnering with ArcelorMittal SA to use recycled steel to build towers that blades spin on. They’ll be first installed in ...

BLOOMBERG A wind farm and transmission line billed as the largest clean energy project in US history has secured $11 billion in financing and started construction. Pattern Energy Group LP said Wednesday it closed on financing that includes about $8.8 billion in construction and term facilities and $2.25 billion in tax equity for the 3.5 gigawatt SunZia wind farm in ...

BLOOMBERG Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two countries. The company earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals on the continent, Chief Executive Officer David Ige said in ...

BLOOMBERG Pipeline operator Williams Cos agreed to buy natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion in a bet on demand growth for the fuel in the US and in overseas markets. The deal includes six underground storage facilities in Louisiana and Mississippi, Williams said in a statement. The company will also get 230 ...

BLOOMBERG Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions. The company’s aging Morecambe gas site, off the west coast of England, wasn’t selected for a support scheme this summer that’s ...

BLOOMBERG Shell Plc said its earnings from gas trading rebounded in the third quarter from the dip seen in the prior period. After bumper profits in 2022 resulting from the severe energy market volatility caused by Russia’s invasion of Ukraine, the performance of oil majors’ trading divisions has shifted back toward historical norms this year. Even so, Europe’s appetite for ...

BLOOMBERG Sweden’s H2 Green Steel AB raised €1.5 billion ($1.6 billion) of equity to help finance the world’s first large-scale green steel plant and a giga-scale electrolyser that will supply the site with hydrogen. The private placement, which the firm says is the largest this year in Europe, was co-led by French hydrogen investor Hy24, together with existing investors including ...

BLOOMBERG Stripe Inc’s $1 billion Frontier fund has written its third round of checks to startups attempting to suck carbon dioxide out of the atmosphere. Frontier facilitated the purchase of $7 million of carbon removal services from 12 startups on behalf of Stripe, Shopify Inc and Hennes & Mauritz AB (H&M). The startups use a variety of techniques to remove ...

BLOOMBERG The renewable energy unit of South Korea’s SK Inc secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest. SK ecoplant Co received approval to use 1,078 square kilometres (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness wind energy to develop ...

BLOOMBERG Every morning, thousands of construction workers in Qatar start their day by soaking their uniforms in water. The two-minute ritual kickstarts an important process: When the workers are toiling outside — often at summer temperatures above 120F (48C) —  their uniforms can cool skin temperature by as much as 8C (14F), for up to seven hours. The uniforms are ...