Browsing: Europe

Imagine the urgency of addressing Europe’s energy transition with a budget initially set at 850 million euros—now elevated to 1.25…

The shift towards renewable energy and storage solutions like Variable Renewable Energy (VRE) and Energy Storage (ES) is transforming the electricity landscape at an unprecedented pace.

The UK’s energy transition faces a critical challenge: balancing the intermittent nature of renewable energy with the need for reliable, low-carbon power.

A recent five-year Power Purchase Agreement (PPA) between Fortum and P2X Solutions underscores the growing momentum behind hydrogen technology.

Root-Power has been granted planning permission to develop a new battery storage facility by the local UK authorities.

Blykalla and Höganäs, two prominent companies, have joined forces to develop advanced materials for small modular nuclear reactors.

Europe’s hydrogen industry entered 2024 with optimism, dubbing it the “year for action.” Yet, despite notable achievements—such as major projects reaching final investment decisions (FIDs), EU policy updates, and significant funding announcements—progress has been slower than anticipated.

Spain’s Prime Minister Pedro Sánchez announced that the government will soon launch a €1.3 billion direct subsidy scheme for hydrogen hubs, alongside €400 million in funding for green hydrogen projects that missed out on EU-wide auction subsidies.

Essar Group has made a major step into the green hydrogen sphere. The company plans to invest INR 30,000 crore in a new Green Hydrogen Plant located in Jamnagar, Gujarat, over the next four years.

Moeve CEO Maarten Wetslaar confirmed that the company will begin construction of its 2GW green hydrogen hub in Andalusia “in a matter of months.”