FRANKFURT European gas trading volumes this year may beat the record 63,038 terawatt hours (TWh) seen in 2019, as trading hubs expand due to more commercial and financial demand for gas price hedging, research firm Prospex said on Thursday.
FRANKFURT, July 9 European gas trading volumes this year may beat the record 63,038 terawatt hours (TWh) seen in 2019, as trading hubs expand due to more commercial and financial demand for gas price hedging, research firm Prospex said on Thursday.
FRANKFURT German carmaker Audi and utility EnBW are setting up an electric car battery operation at EnBW's Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids.
FRANKFURT Germany's E.ON and Thyssenkrupp will make hydrogen available to the wholesale power market by pooling the output of 150 small electrolysis plants, the companies announced on Tuesday.
FRANKFURT, June 30 Germany's E.ON and Thyssenkrupp will make hydrogen available to the wholesale power market by pooling the output of 150 small electrolysis plants, the companies announced on Tuesday.
BRUSSELS/FRANKFURT The European Commission is preparing measures to protect the European Union as it faces threatened U.S. sanctions, which could break international law, on a link to carry gas directly from Russia to Germany, the EU's foreign policy chief said.
FRANKFURT ArcelorMittal on Thursday outlined plans and costs for steelmaking processes that produce less carbon, but also called for investment support from European Union states as well as carbon border taxes.
FRANKFURT Germany's push to increase the use of hydrogen as a clean fuel to meet climate targets will require imports and a traded market to supplement home-produced supplies, a consultancy close to protagonists in the emerging industry said.
FRANKFURT Germany's stimulus package could trigger 320 billion euros ($361 billion) of investment in power generation, grids, electric charging and hydrogen by 2030 if there are accompanying cuts to tax and other duties, an energy lobby group said on Wednesday.
* Lobby group calls for cuts to state levies to support investment
Billionaire philanthropist Bill Gates called for COVID-19 drugs and an eventual vaccine to be made available to countries and people that need them most, not to the "highest bidder," saying relying on market forces would prolong the deadly pandemic.