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Hungary’s renewable support scheme gains EU favour

The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.

read more... 13/07/2017

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Coal mining companies struggle to deal with carbon emissions

The new report from the Transition Pathway Initiative (TPI) concluded that many coal mining companies find themselves having a hard time keeping their businesses up to par due to climate change and rising levels of carbon emissions.

read more... 13/07/2017

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100 multinationals set 100% green energy target

More than 100 multinational companies have committed to generating 100% of their energy from sustainable resources in the RE100 initiative.

read more... 12/07/2017

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Daily (12.07.2017): Oil prices jumped by 1.4% on Tuesday

Oil prices rose almost 1.4% on Tuesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged. At the same time, output from the OPEC remains high despite a pledge led by the producer group to cut supplies in order to tighten the market. Brent crude rose settled at $47.52 a barrel, while the WTI price increased by 1.44% to $45.05 a barrel.

read more... 12/07/2017

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Siemens partners with AES to develop Fluence energy storage project

Siemens and AES have joined forces to develop new energy storage technology named Fluence, with both having equal share of the holdings and control over it.

read more... 12/07/2017

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