Browsing: Europe

Clean energy investment now outpaces fossil fuel funding at a 2:1 ratio globally—€2 trillion versus €1 trillion in 2024—marking a…

Belgium has taken a decisive step forward in Europe’s energy transition with the completion of the first phase of the Terhills Battery Energy Storage System (BESS) in Dilsen-Stokkem, Flanders.

Global demand for batteries continues to soar, driven by accelerating electrification across vehicles, energy storage, and heavy-duty transport.

Daimler Truck AG, Hamburger Hafen und Logistik AG (HHLA), and Kawasaki Heavy Industries signed a Memorandum of Understanding (MoU) to explore a reliable liquid hydrogen (LH₂) supply chain connecting overseas production hubs with the European hinterland via the Port of Hamburg.

Europe’s race to decarbonize its energy system has intensified under mounting geopolitical pressures. This week, the European Commission approved sanctions banning new gas and LNG imports from Russia, reinforcing the urgency to diversify supply and accelerate the green transition.

Austria has announced €274.8 million ($291.6 million) in funding for four domestic hydrogen projects, signaling its intent to emerge as a central player in Europe’s hydrogen economy.

By 2030, Africa could emerge as a key supplier of green hydrogen to Europe—but only if European policy interventions address the continent’s prohibitive financing conditions.

Global demand for hydrogen reached nearly 100 million tonnes (Mt) in 2024, up around 2 % from the previous year and largely driven by traditional industrial uses such as refining and ammonia production.

Dutch pension fund manager APG has announced a €300 million ($350 million) growth investment in Amsterdam-based energy storage developer Return, aimed at expanding its battery energy storage system (BESS) portfolio across the continent.

ITM Power has introduced the Alpha 50, a standardised 50MW green hydrogen plant priced at €50 million ($58.2 million), a move that positions the UK-based manufacturer at the forefront of cost-competitive electrolyzer deployment in Europe.