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Mercedes set to invest billions in e-vehicles plants

Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions.

read more... 20/03/2023

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Brussels plans EU bank to support green hydrogen

The European Commission plans to set up a Hydrogen Bank to support renewable hydrogen production in both the EU and internationally, it said on Thursday.

read more... 20/03/2023

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Germany, Spain push to keep nuclear out of EU renewable energy goals

Seven EU states including Germany, Spain and Denmark have strengthened their resistance to efforts by France to count nuclear energy towards EU renewable energy targets, according to a letter seen by Reuters.

read more... 20/03/2023

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Daily (17.03.2023): European year-ahead power prices gained ground on Thursday tracking higher gas prices

Crude oil prices settled higher on Thursday following the news that Saudi Arabia and Russia met to discuss ways to improve market stability. Hence, Brent crude increased by 1.4% to $74.70 a barrel. At the same time, WTI crude gained 1% to end at $68.35 a barrel.

read more... 17/03/2023

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Study sees potential for huge North Sea hydrogen pipelines

Investments of between 15 and 22 billion euros ($15.92-$23.36 billion) could buy a 4,200-kilometre new hydrogen pipeline network linking Germany, Belgium, Britain, Denmark, Norway and the Netherlands, according to a study from analysts at DNV consultancy on Thursday.

read more... 17/03/2023

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