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EU launches €2 billion industrial partnership on clean hydrogen
As the EU launched its €2 billion partnership with industry to accelerate research and development in green hydrogen, the head of International Energy Agency (IEA) warned an early start may not work in Europe’s favour.
read more... 01/12/2021
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Italy Minister Warns of European Blackouts Amid Rising Prices
Italy’s economic development minister warned of the risk of blackouts across Europe as Prime Minister Mario Draghi reaffirmed the government’s readiness to counter the effect of rising energy prices on consumers.
read more... 01/12/2021
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Daily (30.11.2021): Oil prices rebounded on Monday as Omicron fears receded
Crude oil prices rebounded on Monday, recouping some of Friday’s heavy losses as market participants turned their focus to the upcoming meeting among OPEC and Russia-led partners, offsetting Omicron worries. Hence, Brent crude increased by 1% to $73.44 a barrel. U.S. WTI crude soared by 2.6% to end at $69.95 a barrel.
read more... 30/11/2021
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Snam eyes investments of 23 billion Euros to 2030 to speed green drive
Europe's biggest gas pipeline company Snam sees 23 billion euros ($26 billion) of investment opportunities over the next nine years as it boosts spending to get its network ready for hydrogen and the transition to cleaner energy sources.
read more... 30/11/2021
Nissan Motor announces $18 billion investment to boost EV business
Japan's Nissan Motor Co. aims to invest Yen 2 trillion ($17.6 billion) over the next five years to expand its electric vehicle business, the vehicle maker said Nov. 29, which includes establishing EV refurbishing plants in Europe and the US by March 2026.
read more... 30/11/2021