Browsing: Europe

Revenue growth in Europe’s green hydrogen sector continues to lag behind capital intensity, with Paris-listed Lhyfe reporting a near doubling of annual revenue to approximately €10 million in 2025 while posting a net loss of €51 million, up sharply from €29.2 million a year earlier.

Rolls-Royce has begun construction of its first large-scale battery energy storage system in the domestic market, signaling a strategic shift from global deployments toward participation in one of Europe’s most advanced storage ecosystems.

Fusion energy systems have spent decades operating under a persistent commercial constraint: even advanced experimental reactors still struggle with net energy stability once internal power demands are fully accounted for.

Daimler Truck AG, Volvo Group, and Toyota Motor Corporation have signed a non-binding agreement to jointly advance fuel cell systems through their existing joint venture, cellcentric.

Brussels’ approval of Italy’s €6 billion ($6.9 billion) hydrogen support scheme comes at a moment when verified green hydrogen output in the country remains near industrial infancy, with production estimated at just 27 tonnes per day.

Tensions around the Strait of Hormuz continue to expose a structural weakness in global logistics: a freight system still overwhelmingly dependent on diesel.

A projected €24 billion windfall for oil companies linked to rising fuel prices across Europe has reignited debate over windfall taxation, with Transport & Environment calling for a temporary levy on excess profits.

The European Commission has awarded up to €40.3 million in funding to PaperShell under the EU Innovation Fund, supporting the industrial scale-up of a fossil-free composite material designed to compete with aluminum, plastics, and glass fiber. The financing will enable the construction of a flagship production facility in Tibro, Sweden, marking a transition from pilot-scale manufacturing to full industrial deployment.

A €330 million financing package for two large-scale battery energy storage systems in Belgium underscores the growing role of storage in Europe’s power markets, with renewable developer Storm securing backing from institutional investors including The Belgian Infrastructure Fund, PMV, and TINC, alongside a syndicate of commercial banks.

The Basque government has initiated a feasibility study to assess a potential secondary hydrogen pipeline from the Enagás trunk line to Irun, a move aimed at linking Euskadi’s growing green hydrogen production to France.