Latest news
RWE, Steag, Uniper, Vattenfall win coal closure deals
German utilities RWE, Steag, Uniper and Swedish utility Vattenfall will close some of their coal-fired plants, with a combined capacity of 4.4GW, after being successful in the first German tender for the closures of such facilities.
read more... 02/12/2020
Daily (01.12.2020): Oil prices pulled back from record gains amid OPEC uncertainty about the extension of output cuts, but notched a 27% gain for November
Crude oil futures retreated from multi-month highs on Monday as OPEC+ postpones output cut decision to Thursday. Hence, Brent crude declined by 1.2% to settle at $47.59 a barrel. Meanwhile, U.S. WTI crude lost 0.4% to close at $45.34 a barrel. For November, both contracts rallied by around 27%, their biggest monthly gains since May on hopes of upcoming vaccines for COVID-19 that would help economic activity and oil demand resume.
read more... 01/12/2020
EU emissions fall to lowest level in three decades as countries ditch coal
The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas
read more... 01/12/2020
Vattenfall extends SMR cooperation with Fermi Energia
Swedish utility Vattenfall and Estonia's Fermi Energia have signed a Letter-of-Intent to further expand their cooperation on small modular reactors (SMRs). For the past year Vattenfall has participated in a feasibility study by Fermi Energia to explore the possibilities for the deployment of such reactors in Estonia.
read more... 01/12/2020
UK network regulator approves unblended hydrogen transmission trial
UK energy networks regulator Ofgem has given clearance to Scottish gas network SGN to launch a trial of its hydrogen gas network.
read more... 01/12/2020