Browsing: Europe

BP’s decision to write down up to $5 billion from its gas and low carbon energy division places a hard number on what has been an increasingly visible problem for the company: its early and aggressive push into renewables has failed to deliver competitive returns relative to its peers.

Global renewable energy capacity continued to expand at record pace in 2024, yet employment growth lagged far behind, rising just 2.3 percent year on year to 16.6 million jobs, according to the Renewable Energy and Jobs Annual Review 2025 published by the International Renewable Energy Agency and the International Labour Organization.

Fortum’s framework agreement with Helsinki-based Steady Energy highlights how established nuclear operators are positioning themselves to support heat-focused small modular reactors, with operational credibility and regulatory confidence becoming as critical as reactor design.

PuriFire Energy has obtained funding from the Circular Bio-based Europe Joint Undertaking (CBE JU) for its WoodVALOR project, aiming to transform contaminated waste wood into higher-value products using advanced bio-processing technologies.

India has taken a major step toward becoming a global exporter of renewable hydrogen and ammonia through a long-term offtake agreement signed between AM Green Ammonia India and Uniper Global Commodities.

The European Union’s ambitious plan to address a projected 800,000-worker shortage in its battery sector has encountered significant credibility issues.…

The UK government’s Phase Two reports from the Direct Air Capture and Greenhouse Gas Removal Innovation Programme reveal early but instructive results from a diverse portfolio of carbon removal technologies.

India and Germany reinforced their strategic ties on Monday, signing multiple Memorandums of Understanding in the presence of Prime Minister Narendra Modi and German Chancellor Friedrich Merz.

Germany added an estimated 6.57 gigawatt-hours of stationary battery storage capacity in 2025, lifting the country’s total installed capacity to approximately 24 gigawatt-hours.

Renewables are now the cheapest source of new electricity generation in most regions, yet power systems continue to struggle with reliability, access, and equity. That gap between falling technology costs and uneven system performance is the central tension addressed in IRENA’s latest Innovation Landscape report, released during a ministerial dialogue on artificial intelligence at the agency’s annual Assembly.