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Jun 13, 2025

UK Pays Unprecedented Amounts to Wind Power Operators to Shutdown

The UK's grid operator has reported a significant increase in balancing costs as more wind farms in Scotland are compensated for not generating electricity to prevent overloading the constrained network in that area. When wind energy production is high in constrained regions like Scotland, the National Energy System Operator (NESO) must reduce win...

Jun 13, 2025

The UK will invest £200 million in the Acorn carbon capture initiative in Scotland.

The UK government announced on Thursday that it will invest £200 million ($272 million) in the Acorn carbon capture and storage (CCS) project in Scotland, providing more details on the funding first mentioned in a spending review on Wednesday. With a goal to achieve net zero emissions by 2050, the UK has emphasized the importance of CCS for reduci...

Jun 13, 2025

The EU's nuclear energy initiatives necessitate an investment of 241 billion euros.

The European Commission announced that EU nations' plans to increase nuclear energy capacity will require investments of 241 billion euros ($278 billion) and new funding methods to reduce risks for private investors. By 2050, EU countries aim to boost nuclear power capacity to 109 gigawatts from the current 98 gigawatts. The draft analysis indica...

Jun 13, 2025

UK ETS emissions declined by 11% compared to the previous year in 2024.

Emissions in sectors included in the UK emissions trading scheme (ETS) fell by 11.5% year-over-year in 2024, according to data from the UK ETS authority, showing a slight slowdown in their decline compared to the previous year. Stationary installations within the UK ETS emitted 76.7 million tonnes of CO2 equivalent (CO2e), down 12.9% from 2023. Ho...

Jun 13, 2025

Spanish industrial gas consumption in May reaches a multi-year low.

Last month, Spanish industrial gas consumption was higher than in April but marked the lowest level for May in at least nine years, according to data from grid operator Enagas. In May, industrial gas demand reached 449 GWh/d, an increase from 441 GWh/d in April, yet it was still below the 465 GWh/d recorded a year earlier, making it the weakest M...

Jun 13, 2025

In 2024, revenues from global carbon pricing surpass $100 billion for public budgets.

A recent World Bank report indicates that carbon pricing revenues exceeded $100 billion in 2024, significantly benefiting public budgets. More than half of these revenues were directed towards environmental projects, infrastructure, and development, demonstrating a strong commitment to sustainable growth. The ‘State and Trends of Carbon Pricing ...

Jun 13, 2025

Israel's gas field ceases production following an attack by Iran.

Greek independent Energean has halted production at its Karish gas field off the coast of Israel following a government order linked to Israeli airstrikes on Iran. On June 13, Energean announced it received a directive from Israel's ministry of energy and infrastructure to temporarily stop all activities on the Energean Power floating production, ...

Jun 13, 2025

Fortum and EDF enhance collaboration on new construction projects.

French energy company EDF has entered into an Early Work Agreement with Finnish utility Fortum as they continue to collaborate on potential new nuclear projects in Finland and Sweden. "This agreement is a result of two years of teamwork, including joint technical workshops and site visits, under the Framework Contract signed in December 2023," sta...

Jun 13, 2025

Bulgaria's Kozloduy Nuclear Power Plant has finished the scheduled maintenance on Unit 5.

Bulgaria's Kozloduy nuclear power plant announced on Thursday that it has finished the annual maintenance for its 1,000-MW Unit 5 and has reconnected it to the power grid after receiving approval from the Nuclear Regulatory Agency. The planned repairs and technical maintenance of the systems and facilities have been completed as stated by the NPP...

Jun 13, 2025

Norway's Møre Sjø has placed an order for two bulk carriers powered by hydrogen.

Norwegian shipping company Møre Sjø is investing in hydrogen as an alternative marine fuel by ordering the construction of two emission-free hydrogen-powered bulk carriers at Gelibolu Shipyard in Türkiye. They have also arranged for hydrogen bunker supplies from GreenH. The new ships will be 85 meters long and have a deadweight capacity of 4,000 t...

Jun 13, 2025

A new coalition has been formed to advance and utilize the geothermal potential in the UK.

Geothermal UK, a coalition uniting various aspects of the geothermal industry, has been launched to advocate for geothermal energy as a vital component of the UK’s clean energy transition. Founding members include TownRock Energy, Causeway Geothermal, and Eden Geothermal. The coalition, which consists of developers, supply chain participants, aca...

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