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Classified document sheds light on US-Germany Nord Stream 2 conciliation effort
A classified document which was made public reveals how Berlin is working with Washington to avoid US sanctions over the Nord Stream 2 pipeline.
read more... 30/11/2021
Daily (29.11.2021): New Omicron variant of Covid-19 sent most of the energy prices lower on Friday
Oil prices plummeted on Friday, following reports of a new Covid-19 variant emerging in South Africa, which raised fears over the possible economic and demand impact. Consequently, Brent oil fell by 11.6% to $72.72 a barrel and WTI crude plunged by 12.7% to $68.15 a barrel.
read more... 29/11/2021
UK's National Grid ESO to review 'very high-cost' balancing mechanism
The UK's National Grid Electricity System Operator is to review the balancing mechanism after observing excessive costs in recent times, the ESO said in a brief statement Nov. 26.
read more... 29/11/2021
Endesa to invest $3.4bn to increase renewable energy capacity
Spanish electric utility company Endesa has updated its Energy Transition strategy for 2022-24, under which it plans to invest €3.1bn ($3.4bn) to increase its renewable energy capacity to 12.3GW.
read more... 29/11/2021
Nascent hydrogen market needs low-carbon nuclear power
As Europe rediscovers the merits of nuclear power as a low-carbon source of electricity, policymakers in Brussels are now looking to leverage the non-stop generation of atomic energy to ramp up the production of low-carbon hydrogen.
read more... 29/11/2021