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Lithuania sets up grid-linked energy storage pilot with Siemens in 'post-Soviet' move
Project near capital Vilnius to underpin potential for rapid expansion of renewable energies and increase independence from Russian power imports
read more... 07/04/2021
G20 flexibility needs assessed at 3,500 GW for 100% renewable energy systems
The G20 countries will need over 3,500 GW of flexible capacity to run 100% renewable energy systems at least cost, gas engine and battery storage manufacturer Wärtsilä said March 31.
read more... 01/04/2021
UK needs 49.5GW of flexibility to become 100% renewable
Technology group Wärtsilä has stressed that the UK must install more flexible energy storage and gas technologies if it is to achieve an entirely renewable future.
read more... 30/03/2021
Daily (19.02.2021): UK gas prices surged on Thursday amid diminishing storage levels, supportive technical indicators and stronger carbon prices
Oil prices retreated on Thursday, ending three sessions of increases, despite a larger than expected drop in crude stocks in the United States. The decline came amid speculation that OPEC+ may discuss an increase in production at their meeting early next month. Hence, Brent crude lost 41 cents, or 0.6%, to settle at $63.93 a barrel. U.S. WTI crude fell by 62 cents, or 1%, to settle at $60.52 a barrel.
read more... 19/02/2021
Ukraine’s exchange launches gas storage trading
Ukraine's energy exchange UEEX plans to introduce trading products for gas held in underground storage facilities under the customs-free warehouse regime from late April.
read more... 08/02/2021