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VW Group, Rivian forming joint venture for EV software; VW commits $5 billion
Volkswagen Group and Rivian are forming a joint venture to create what the companies are calling next-generation electrical architectures and software technology.
read more... 26/06/2024
Negative bids 'burden offshore wind'
Inclusion of negative bidding in recent offshore wind auctions held by Germany and the Netherlands is “putting unnecessary additional pressure” on offshore wind developers, according to WindEurope.
read more... 26/06/2024
Finland's Gasum to end Russian LNG imports in line with EU sanctions
Finland's Gasum, a key gas supplier to the Nordic region, will stop buying and importing Russian liquefied natural gas (LNG) in July in line with fresh European Union sanctions, the company said on Tuesday.
read more... 26/06/2024
Daily (25.06.2024): EUAs declined on Monday, hitting an 8-week low amid stable gas market and milder weather
Oil prices climbed on Monday, buoyed by hopes of stronger demand in the United States, which is betting on a drop in crude inventories over the summer, and by geopolitical risks. As a result, Brent crude increased by 1%, settling slightly above $86 a barrel, while WTI crude gained over 1% to end at $81.63.
read more... 25/06/2024
EU okays €3 billion German scheme in support of hydrogen network project
The European Commission (EC) has approved, under European Union (EU) State aid rules, an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network (HCN), which is set to be the backbone of long-distance transport pipelines for hydrogen in Germany and part of the European hydrogen backbone connecting several member states.
read more... 25/06/2024