The thermal power sector has seen a short-term decline, with WHEE dropping over 6%, followed by DEVOTION, LFD, HUITIAN THERMAL POWER, SHIMAO ENERGY, and others

DEVOTION released its 2024 annual performance, with a net profit attributable to the parent company of 48.5365 million yuan, a decrease of 18.96%

DEVOTION released its 2024 annual report, with operating revenue of 1.116 billion yuan, a year-on-year decrease of 18.32%; net profit attributable to shareholders was 48.5365 million yuan, a year-on-year decline of 18.96%; net profit excluding non-recurring gains and losses was 34.2643 million yuan, a year-on-year decrease of 33.73%. The basic earnings per share were 0.1 yuan, and it plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders

UK Climate Change Committee: Electric vehicles, heat pumps, and reducing meat consumption are key to net zero

The UK Climate Change Committee pointed out that to achieve the net-zero emissions target by 2050, the UK needs to stop relying on fossil fuels, promote electric vehicles and heat pumps, and reduce meat consumption. The report recommends that by the end of 2040, 80% of cars should be electric vehicles, and more than half of homes should replace existing heating systems with heat pumps. This transformation is expected to reduce household energy expenses and promote economic growth

The signing of the China-Kazakhstan energy strategic cooperation agreement and 8 other economic and trade cooperation agreements

At the China-Kazakhstan Entrepreneur Economic and Trade Negotiation Conference held in Astana, both parties signed 8 economic and trade cooperation agreements, including the China-Kazakhstan Energy Strategic Cooperation Agreement. The purpose of this conference is to further expand China-Kazakhstan trade and industrial cooperation, focusing on discussions in areas such as oil and gas trade, clean energy, agricultural cooperation, and international logistics

California officials say Trump will not stop California's clean energy plan

A top energy regulator in California said on Wednesday that despite President Donald Trump's efforts to block climate action, California's push for economic decarbonization will succeed. "Never underestimate California and what we can achieve, okay?" said David Hochschild, chairman of the California Energy Commission, at the New Energy Finance Summit in San Francisco. "We will achieve 100% clean energy in California. I am absolutely confident about this."