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Daily (11.11.2020): European Cal’21 power prices reversed gains on Tuesday as vaccine euphoria vanished
Crude oil prices continued to add ground on Tuesday amid optimism generated by a vaccine against COVID-19 and a possible intervention of OPEC + alliance. Moreover, bigger than expected weekly U.S. oil storage draws helped WTI to extend gains. Hence, Brent crude soared by $1.21, or 2.9%, to settle at $43.61 a barrel. Meanwhile, U.S. WTI crude increased by 1.07, or 2.7%, to end at $41.36 a barrel.
read more... 11/11/2020
German utility RWE joins European Clean Hydrogen Alliance
German utility RWE has announced it has joined the European Clean Hydrogen Alliance established by the EU Commission.
read more... 13/08/2020
Daily (17.07.2020): EUAs plummeted by over 7% on Thursday due to robust auction supply
Crude oil futures fell by about 1% on Thursday, but held above the $40 mark amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to ease production cuts from August. Moreover, resurgent coronavirus cases in the U.S. weighed on oil prices. Hence, Brent crude for September delivery declined by 42 cents, to settle at $43.37 a barrel. At the same time, U.S. WTI crude slipped by 45 cents, to close at $40.75 a barrel.
read more... 17/07/2020
Hard coal alliance proposes runtime extension for 'reserve' under Germany's phase-out - report
An alliance of hard coal plant operators plans to achieve an expansion of the runtime of Germany's seven most modern hard coal plants by proposing to shift them into an "energy transition reserve" to back up intermittent renewable power production, Christian Geinitz reports for the Frankfurter Allgemeine Zeitung.
read more... 26/05/2020
EIB confirms €1bn to consolidate European battery industry
The European Investment Bank (EIB) has confirmed it will provide more than €1billion (£892m) in 2020 to support battery projects as part of the European Battery Alliance (EBA).
read more... 22/05/2020