Tag - energy

 
 

ENERGY

A solar farm in Switzerland. Solar power is leading the power’s sector’s transformation, with investment in the area set to reach $500 billion this year.
ENVIRONMENT / Energy
Jun 6, 2024
Clean energy spending set to reach twice that on fossil fuels, IAEA reports
Nonetheless, continued spending on coal, gas and oil remains at a level that’s too high to conform with global climate goals.
The Iranian flag flutters in front of the International Atomic Energy Agency's headquarters in Vienna in June 2023.
WORLD / Politics
Jun 6, 2024
Iran censured by atomic watchdog as date for end of sanctions draws closer
International Atomic Energy Agency inspectors have reported that Iran hasn’t helped them resolve a probe into uranium particles at undeclared locations.
Sumitomo says it is aiming to install 500 megawatts or more of battery storage in Japan by March 2031.
BUSINESS / Companies
Jun 5, 2024
Sumitomo aims to install 500 MW of battery storage in Japan by 2031
The initiative is part of the trading house's broader efforts to bolster its energy transformation business.
Energy companies are increasingly calling for greater use of nuclear power as geopolitical tensions raise the risk of energy supply disruptions and power price hikes.
JAPAN
Jun 5, 2024
In Japan, energy security fears put nuclear back in favor for 2040 plan
The Japanese government wants to lock in greater use of nuclear energy, along with wind and solar power, to secure stable energy supply.
A hydrogen storage tank and loading system at a liquefied hydrogen receiving terminal in Kobe. Japan and the European Union have agreed to work together on policies related to clean hydrogen.
ENVIRONMENT / Energy
Jun 4, 2024
Japan and EU agree to work on creating hydrogen demand and supply
Tokyo sees hydrogen as a new and cleaner source to gradually substitute liquefied natural gas, part of Japan's path to carbon neutrality by 2050.
Support staff dispatched by power firms work to restore electrical equipment in an area hit by the Noto Peninsula earthquake in Ishikawa Prefecture.
JAPAN / FOCUS
Jun 4, 2024
Major Japan power firms boost cooperation on disaster response
The electric power sector has established a framework to streamline the dispatch of support personnel and facilitate mutual aid to cover restoration expenses.
The Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, on June 5, 2023.
WORLD / Politics
Jun 4, 2024
Draft IAEA resolution presses Iran on particles and inspectors
The new text calls on Iran to cooperate without delay, including by letting the International Atomic Energy Agency take samples if it needs to.
Tokyo Gas storage tanks in Tokyo. The firm is looking to add more U.S. natural gas assets.
BUSINESS / Companies
Jun 3, 2024
Tokyo Gas seeks more U.S. natural gas assets, president says
Japan's top city gas supplier is aiming to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer.
South Korean President Yoon Suk-yeol speaks during a trilateral summit with Japanese Prime Minister Fumio Kishida and Chinese Premier Li Qiang during their meeting at the Blue House in Seoul on May 27.
ASIA PACIFIC / Politics
Jun 3, 2024
South Korea to explore vast oil and gas prospects off east coast, Yoon says
The 500 billion won ($363 million) drilling project is slated to begin towards the end of the year, aiming for results by mid-next year.
As mind-numbingly big as the clean-energy price tag may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
COMMENTARY / World
May 31, 2024
$215 trillion to save the planet is a bargain
And as mind-numbingly big as $215 trillion may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
Nawaf Al-Osimy, chief technical officer of the Jazlah Water Desalination plant, which draws vast quantities of water from the Persian Gulf and makes it drinkable, in Jubail, Saudi Arabia, on March 4.
ENVIRONMENT / Energy
May 30, 2024
Saudi Arabia eyes a future beyond oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
The No. 3 and No. 4 reactors at Kansai Electric Power's Takahama nuclear power plant in Fukui Prefecture
JAPAN
May 30, 2024
Two more Takahama reactors allowed to operate for 20 more years
The Takahama No. 3 and No. 4 reactors are the seventh and eighth to receive such approval in the country.
Massive oil reserves mean the U.S. is less enthusiastic about energy transition than China, which is charging ahead with clean technology.
COMMENTARY / World
May 30, 2024
America is joining its frenemies back in the fossil fuel club
For most nations, the energy transition isn’t just sought for climate reasons, it’s also a strategic and economic necessity.
Shipping containers at the port in Ningbo, China, March 27, 2024. The U.S. and Europe are trying to catch up to China’s lead in industrial policy, a rival skilled in using all the levers of government and banking to dominate global manufacturing.
ASIA PACIFIC / Politics
May 28, 2024
How China pulled so far ahead on industrial policy
In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world, according to the International Energy Agency.
Toyota, Idemitsu Kosan, Eneos and Mitsubishi Heavy Industries said they have teamed up to research carbon-neutral fuels for automobiles.
BUSINESS
May 28, 2024
Toyota and partners launch joint study on carbon-neutral fuels
Toyota will also independently develop engines that can use e-fuels efficiently
A 2-megawatt solar farm in the city of Fukushima. “Megasolar” refers to farms with a minimum output of 1 MW of electricity — enough to power around 300 homes for a year.
ENVIRONMENT / Energy / OUR PLANET
May 26, 2024
‘Megasolar’ is a dirty word in Japan. Where do solar projects go from here?
Vocal campaigns are pushing back against projects as dangerous eyesores, but "dual-use" approaches and community engagement may offer a solution.
Jera’s Hekinan thermal power station in Hekinan, Aichi Prefecture
BUSINESS
May 24, 2024
Jera warns of switching investment from Australia over lack of support
The lack of financial support for production of hydrogen and ammonia took some of the shine off Australia as a destination for Japanese investment.
Crude oil tanker NS Creation, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus shipping strait in Istanbul in May 2022.
WORLD / Politics
May 20, 2024
Virtually every sanctioned Russian oil tanker is idle and empty
Since October, 40 ships involved in Russia’s oil trade have been added to the Treasury’s list of designated entities.
Saudi Crown Prince Mohammed bin Salman attends a meeting with Russia's president in Riyadh last December.
JAPAN / Politics
May 20, 2024
Saudi crown prince postpones Japan trip over king’s health
Saudi sources said Monday that members of the delegation would still travel to Japan for some talks.
Notwithstanding the increase in EV sales, there are now more cars than ever powered by internal-combustion engines.
COMMENTARY / World
May 14, 2024
Nevermind those EVs — oil demand keeps growing
The oil bulls still have reason to worry: With OPEC+ trying to keep prices as close as possible to $100 a barrel, non-OPEC supply, including from biofuels, keeps surging.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?