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Norway, UK complete world's longest subsea power cable
Britain and Norway have finished laying the world's longest subsea power cable, which will send wind and hydro energy between the two countries, Norwegian power grid operator Statnett announced Tuesday.
read more... 16/06/2021
Daily (15.06.2021): Near-term electricity prices in Europe hit multi-year highs on Monday amid low wind, heat
Crude oil prices moved sideways on Monday, with the market still focused on the coronavirus recovery around the world, but the prolonging of restrictions in the UK tempered the gains. In the U.S., prices retreated slightly as the market seemed to focus on the next monetary policy meeting of the U.S. Central Bank (Fed), which begins on Tuesday. Hence, Brent crude rose slightly by 0.2% to settle at $72.86 a barrel. Meanwhile, U.S. WTI crude steadied at $70.88 a barrel.
read more... 15/06/2021
EU countries clash over scale of future hydrogen imports
The EU has historically been a major energy importer, with a majority of its oil and gas coming from Russia or the Middle East. Now, as Europe decarbonises its industry, some countries fear it could increasingly become dependent on imported hydrogen.
read more... 15/06/2021
Germany to support 500 MW electrolyzers abroad with $1.1 billion
Germany's H2Global green hydrogen import initiative aims to establish 500 MW of electrolysis capacity outside the EU with Eur900.00 million ($1.10 billion) of funding support, the country's energy ministry said June 14.
read more... 15/06/2021
EU to spend 5.8 billion on energy projects untill 2027
The Council of the EU has adopted the new framework for funding EU energy infrastructure projects, pledging Eur5.48 billion ($6.64 billion) in finance, it said June 14.
read more... 15/06/2021