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Engie breaks ground on 800 MWh battery in Belgium
Once completed, the four-hour battery energy storage project will operate under a 15-year contract with Elia, Belgium’s electricity grid operator, and be located next to Engie’s gas power plant in Vilvoorde.
read more... 10/07/2024
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Italy emerges as leading European buyer of Azerbaijani gas, strengthening energy partnership
Italy has emerged as the leading European buyer of Azerbaijani gas, marking a notable development evident in quarterly reports since the beginning of 2024.
read more... 09/07/2024
Germany to seek bids for hydrogen-ready power plants by early 2025
Germany said on Friday it will launch the first tender for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants that can switch to hydrogen by the end of 2024 or early next year, following industry pressure. The tenders are part of efforts to supplement wind and solar energy and speed up the transition to low carbon generation as Germany shifts to renewables, having switched off nuclear power.
read more... 08/07/2024
Italy approves green subsidies for 4.6 GW in new technologies
The subsidies for 4.6 GW, approved by the European Commission in early June, are part of the so-called Fer 2 legislation. It has set incentives for both floating and fixed offshore wind plants, thermal solar units, geothermal plants, biogas and biomass facilities, as well as marine plants powered by tidal waves, according to a copy of the signed decree.
read more... 03/07/2024
Daily (28.06.2024): Forward gas prices increased on Thursday, driven by a bullish LNG market amid growing competition
On Thursday, oil prices rose despite an increase in US crude inventories, driven by geopolitical risks in the Middle East. As a result, Brent crude climbed by 1.3%, closing at $86.39 a barrel. Similarly, WTI crude rose by 1% up at $81.74 a barrel.
read more... 28/06/2024