Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
The UK’s Offshore Wind Industry Council (OWIC) and the University of East Anglia (UEA) want to improve the gender balance in offshore wind through a two-step framework. Currently, women only make up 18% of employees across the sector.
Under a binding heads of terms deal, the two Norwegian firms have sketched out a future long-term physical renewable power supply agreement, whereby Statkraft will deliver energy to Freyr’s planned battery facility.
Rig company Valaris, headed by former Seadrill CEO Anton Dibowitz, names new executives, including a new CFO.
The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.
With its 1GW hydrogen production, Swiss H2 Energy Europe is among the companies confident in a booming hydrogen industry in Denmark in coming years. For Denmark to take the lead, political action is needed, the company notes.
The map of Norway’s power situation has received a splash of yellow in the southern region due to low water levels and uncertainty over future import options.
The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.
Frontline is not taking the ”moral high ground” in regards to Russia but complies with the existing sanctions. Large amounts of Russian oil are still passing through the market, said chief executive Tuesday.
The two companies will team up to identify, develop, build, and manage green hydrogen projects.
Glencore admits to bribery and market manipulation and enters settlements for USD 1.5bn, concluding long-time probes into the company which revealed intent to pursue profit at any cost.
US oil giant ExxonMobil is accused of crimes against the climate and having lied about them.
Rig company Seadrill, with strained financials after an extended downturn, reports black operating figures for the start of the year. The company came out of bankruptcy protection in February.
The two major companies will set up the factory in the US state of Indiana.
The Swedish utility has commissioned the 353MW Blakliden Fäbordberget Monday.
Prices are also pushed up by projections of higher demand in the US towards the summer.
The Danish 3D printing company has signed an exclusive deal with GE, which recently bought a stake in the company.
Chancellor of the Exchequer seeks to introduce a new tax, which could affect owners of wind farms.
Two US factories will be closed over the summer, and several workers will be laid off. A patent case with GE is to blame, along with low demand.
Economic warfare against Russia has prompted Europe to raise its ambitions and purge itself of fossil fuel energy, and this agenda suits the Ørsted CEO perfectly.
The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.
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