Equinor ASA

Offices of Equinor photographed in Feb. 2019. Equinor is one of several companies looking at developing floating wind farms.Odin Jaeger | Bloomberg | Getty ImagesA facility described as the world's largest floating wind farm produced its first power over the weekend, with more turbines set to come online before the year is out.In a statement Monday, Norwegian energy firm Equinor — better known for its work in the oil and gas industry — said power production from Hywind Tampen's first wind turbine took place on Sunday…

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Pylons photographed in the U.K. The project involving Centrica and GE will store energy from onshore wind farms in Lincolnshire.Gareth Fuller | PA Images | Getty ImagesA decommissioned gas-fired power station in Britain is set to be repurposed and converted into a battery storage facility, with those involved in the project saying it will be able to provide "the equivalent of a full day's energy consumption for 11,000 households."In a statement Monday, London-listed Centrica said construction of the facility in…

The Block Island Wind Farm, photographed in 2016, is located in waters off the east coast of the United States.DON EMMERT | AFP | Getty ImagesThe White House said Thursday it was targeting 15 gigawatts of floating offshore wind capacity by the year 2035, as it looks to compete with Europe and Asia in the nascent sector."The Biden-Harris Administration is launching coordinated actions to develop new floating offshore wind platforms, an emerging clean energy technology that will help the United States lead on offshore…

Wind turbines in Australia. Earlier this year, a report from Australia's Clean Energy Council said renewables were responsible for 32.5% of the country's electricity generation in 2021.Josh Hawley | Moment | Getty ImagesA fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an Australian firm that develops battery storage and renewable energy projects.In an announcement Tuesday, BlackRock said it intended to commit in excess of 1 billion Australian dollars (around $700 million) of capital…

Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company.Hakon Mosvold Larsen | Afp | Getty ImagesNorway's Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company.Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point Energy had a 4.1-gigawatt pipeline of "early to mid-stage battery storage projects…

Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine.Sean Gladwell | Moment | Getty ImagesNorwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.'s Centrica over the next three winters, as countries in Europe look to shore up their supplies amid the ongoing war between Russia and Ukraine.Equinor, which the Norwegian state has a 67% stake in, said the new agreement…