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UK to develop virtual prototype of nuclear fusion plant
The UK Government has announced plans to develop a virtual prototype of a nuclear fusion power plant that will operate in the 2040s.
read more... 29/06/2023
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Germany outlines plan to expand, digitalise power grids
The digitalisation of distribution grids is one of the main priorities of the German Federal Network Agency, which presented ambitious plans on Monday (26 June) for the expansion of the country’s electricity grid.
read more... 29/06/2023
Italy energy minister sees LNG terminals covering 50% of gas needs
Italy's Environment and Energy Minister Gilberto Pichetto Fratin said on Wednesday that deliveries by ship of liquefied natural gas (LNG) were a reliable source of energy that could cover 50% of the country's gas needs.
read more... 29/06/2023
Oil prices fell on Tuesday amid increased concerns of a global economic slowdown
On Tuesday, crude oil prices inched lower due to weaker macroeconomic data from China. Moreover, indications of further rate hikes in the US also weighed on prices. Hence, Brent crude dropped by 2.6% to settle at $72.26 a barrel. Meanwhile, WTI crude traded at $67.70 a barrel, declining by about 2.4% day-on-day.
read more... 28/06/2023
Italy plans to expedite green permitting
Italy’s energy ministry plans to roll out incentives in coming months to speed up approvals by local authorities for renewables developments in a bid to overcome current bottlenecks, a government source told Montel.
read more... 28/06/2023