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EU reviewing contingency plans for gas supply disruptions
The European Union is reviewing contingency plans for disruptions to gas supply, although countries' storage and infrastructure should buffer against major shocks, the EU's energy policy chief said on Wednesday.
read more... 04/02/2022
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Iberdrola generates power at giga battery plant in Portugal
Spanish energy company Iberdrola has connected the first power unit at its Tâmega hydroelectric and pumped storage giga battery plant in Portugal.
read more... 01/02/2022
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Israel's Econergy plans renewable energy storage, solar PV capacity in Britain
Renewables investor Econergy Renewable Energy said on Thursday it plans to develop a portfolio of 800 megawatts (MW) of renewable energy storage and 900 MW of solar photovoltaic (PV) capacity in Britain over the next three years.
read more... 14/01/2022
Daily (13.01.2021): Gas prices were bearish on Wednesday, as ample LNG supply offset winter storage concerns
Crude oil prices continued to strengthen on Wednesday, on the back of a sharp drop in US crude reserves, to the point of approaching multi-year records set last October. Hence, Brent oil gained 1.1% at $84.67 a barrel and WTI crude rose by 1.8% to $82.64 a barrel.
read more... 13/01/2022
Spain to invest 6.9 bln euros in renewables, green hydrogen, energy storage
Spain will allocate 6.9 billion euros ($7.8 billion) to renewables, green hydrogen and energy storage in the next two years and aims to attract another 9.45 billion euros in private funding under its COVID-19 recovery plan, the government said on Tuesday.
read more... 15/12/2021