Eu

Crude Oil

U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others

The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…

Smart Grid

Iberdrola Taps EIB for €220M Smart Grid Development

The European Investment Bank (EIB) and Iberdrola have agreed to increase the green loan signed in 2021 with a top up of €220 million ($215 million) to strength…

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

Solar Technology

Emrod Demonstrates Power-Beaming Technology to Unlock Space-Based Solar Power

Emrod has recently demonstrated its technology for space-based solar power (SBSP) applications in a collaboration with the European Space Agency (ESA), Airbus a…

Natural Gas

Fourth Gas Leak at Nord Stream Found

Authority supervising the Swedish coastline has confirmed its findings while the US reaffirmed its support to its European allies

United Kingdom

Britain Has Exported More Power to EU Than Ever Before

The country became a net exporter of electricity for three months of the year

Natural Gas

German Economic Institutes See 2023 Contraction as Gas Crisis Hits

Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 p…

Natural Gas

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.

Natural Gas

German Gas Price Brake to Cost Between 15 Bln and 24 Bln Euros

A brake on gas prices currently being discussed by the German government could cost between 15 billion and 24 billion euros, depending on market price developme…

Energy Investment

Dubai Investment Fund in Projects Across Australia & Europe

Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, has announced that it will be investing …

Energy Transition

Digitalising Europe’s Energy Sector to Accelerate Decarbonisation

The EU’s forthcoming action plan on the digitalisation of the energy sector is intended as the next step in the green transition.

Energy Transition

New VC Fund for Energy Transition Start-Ups in Europe

EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle.

Digital Innovation Hubs – A New Approach in Europe

The Digital Innovation Hubs are designed as a ‘one stop shop’ to support companies to digitalise their business.

Carbon Emissions

Carmakers Nearly as Carbon-Heavy per Euro as Oil Firms - NGO

The lifetime carbon emissions of a car are so high that investing in car companies funds almost as much carbon per euro as investing in an oil firm.

France

French Grid Operator RTE to Return More Than 1 Bln Euros to Clients

France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this …