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Can a New Power Link Boost the EU’s Energy Independence?

Cars That Think

Last November , w hen Azerbaijan hosted COP29 , the United Nations annual climate summit , i t was a sort of coming-out party for the country. This green energy corridor could help shore up energy security in the European Union, replacing the Russian natural gas that Europe used to import. GW , by 2030. It could help the E.U.

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Azerbaijan Plans Caspian-Black Sea Energy Corridor

Cars That Think

Azerbaijan next week will garner much of the attention of the climate tech world, and not just because it will host COP29 , the United Nation’s giant annual climate change conference. Azerbaijan and Georgia Plan Green Energy Corridor Generating hydropower can also generate opposition, because of the way dams alter rivers and landscapes.

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BYD and UzAuto to form NEV production JV in Uzbekistan

Green Car Congress

BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). UzAuto continues expanding export opportunities to neighboring countries and has launched overseas production in Azerbaijan.

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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

Green Car Congress

Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 In Azerbaijan, acquisition of Devon’s 5.63% stake in the ACG development will increase BP’s operating interest in the fields to 39.77%. billion in cash.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). Ormat Technologies, and AltaRock Energy. It was built by US Geothermal and TAS Energy.

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Alpiq, EW Höfe and SOCAR Energy planning 10MW electrolysis plant in Switzerland for green hydrogen

Green Car Congress

Alpiq, EW Höfe and SOCAR Energy Switzerland are looking into the feasibility of installing an electrolysis facility with a capacity of up to 10 MW in Freienbach, Switzerland. The facility will thus set new standards in terms of overall efficiency and make an important contribution to Switzerland’s climate friendly energy supply.

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BP starts up Na Kika Phase 3 in ultra-deepwater Gulf Of Mexico

Green Car Congress

Na Kika Phase 3 is BP’s third new major upstream project to begin production so far in 2014, following the earlier start-ups of the Chirag Oil project in Azerbaijan and the Mars B project in the Gulf of Mexico. Over the past five years, BP has invested nearly $50 billion in the US—more than any other energy company, it says.

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