In Short : The increase in free power raises concerns among green technology investors, potentially hindering investment and growth in the renewable energy sector. In Detail : Something strange is going on in Europe’s power markets: Prices keep dropping below zero. Solar parks on Spanish plains and wind turbines above Norwegian fjords were so productive […]
Europe’s battery storage profitability through PPAs in question as price variance creates trading avenue – EQ
Battery energy storage systems (BESS) are playing an increasingly pivotal role in global energy systems, helping improve grid reliability and flexibility by managing the intermittency of renewable energy. But uncertainty over the profitability of such systems in Europe risks holding back their roll-out, according to Rystad Energy research. As well as providing trading (arbitrage) opportunities […]
Pro-nuclear countries pitch atomic role in Europe’s green transition – EQ Mag
PARIS : Pro-nuclear countries made the case the energy form is central to Europe’s transition to a low carbon economy on Tuesday, against a background of deep disagreements in the European Union over its role in meeting climate commitments. Long-standing divisions over nuclear energy in the 27-member bloc deepened this year after countries clashed over […]
India is now Europe’s largest supplier of refined fuels – EQ Mag
New Delhi : India, according to data from analytics firm Kpler, has now become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude. Since Russia’s oil ban, Europe’s reliance on Indian crude oil products has grown. According to Kpler’s data, Europe’s refined fuel imports from India are set […]
Can joint gas buying boost Europe’s energy security? – EQ Mag
Brussels/London : The European Union opened a scheme this week for companies to jointly buy gas, aiming to secure supplies ahead of winter and avoid a repeat of last year’s record-high energy prices. Russia, Europe’s former top gas supplier, slashed fuel deliveries to EU countries last year following its invasion of Ukraine, plunging the continent […]
Europe’s stunted hydro & nuclear output may hobble recovery drive: Maguire – EQ Mag
LITTLETON, Colorado : Shortfalls in Europe’s hydro and nuclear output have more than offset record electricity generation from solar and wind sites over the first quarter of 2023, leaving the region vulnerable to acute energy shortages for the second straight year. European countries fast-tracked renewable energy capacity development in 2022 in the wake of Russia’s […]
BMW expects to hit 50 per cent all-electric sales target ‘well ahead’ of 2030 – EQ Mag
Automaker also expects a quarter of vehicles to be all-electric by 2025 BMW is one of the automakers pushing for an e-fuel exemption to extend the lifespan of combustion engine tech and also readying hydrogen vehicles for sale by the middle of this decade, but that doesn’t mean it’s rowing back on its commitment to […]
‘Europe’s biggest’ battery in East Yorkshire opens – EQ Mag
The project has the capacity to store enough energy to power around 300,000 homes in Yorkshire for two hours Investment company Harmony Energy Trade Income (HEIT) has announced ‘Europe’s biggest’ battery energy storage system has been officially opened. Located at Pillswood near Cottingham, East Yorkshire, the £75 million facility has been developed by HEIT employing […]
Europe’s largest battery energy storage system launched in the UK – EQ Mag
A £75m battery energy storage system – the largest in Europe – has been officially opened in the UK by Harmony Energy Income Trust Plc. The revolutionary battery energy storage system is located at Pillswood near Cottingham, East Yorkshire, and is the largest energy storage system of its kind by megawatt-hour (MWh). The £75m facility […]
India perfectly situated to join Europe’s green hydrogen supply chain: Stefan Kaufmann – EQ Mag
Though Europe has a goal to produce around 100 GW of green hydrogen by 2030, the continent will have to import more green hydrogen than it is exporting in the near future, said Kaufmann, former hydrogen commissioner of Germany and advisor to ThyssenKrupp. India is perfectly situated between Germany and Australia, and can contribute to…Read […]