Dubai / WAM Dubai Electricity and Water Authority (Dewa) has enhanced integration between different energy resources in its smart grid through its Virtual Power Plant (VPP), the first of its kind in the region. The first phase has aggregated the Distributed Energy Resources (DERs) operated by Dewa’s R&D Centre, and managed them as a single mixed portfolio of generation ...

Bloomberg Exxon Mobil Corp posted its best-ever profit, reaping the rewards from surging commodity prices as supply disruptions run headlong into rising demand and consumers feel the pinch. Second-quarter adjusted earnings of $4.14 per share beat the $3.98 forecast by the Bloomberg Consensus. Net income reached $17.9 billion, surpassing the previous record set in 2008. The biggest North American oil ...

Bloomberg Engie SA Chief Executive Officer (CEO) Catherine MacGregor said the French utility’s clients are cutting natural gas consumption as prices soar amid Russia’s squeeze on fuel deliveries to Europe. “Gas demand has declined among our customers, whether its households, small businesses or large manufacturers,” MacGregor said on a conference call on Friday. That’s probably the result of energy savings, ...