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.
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.
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.
By producing hydrogen directly from turbines, the utility wants to reduce energy loss and save money. The company has just received state subsidies to develop the first turbine of this kind in the UK, providing a much more efficient solution than other alternatives, says CEO Anna Borg.
The energy trader surpasses its 2020 results by a wide margin after a year of extreme volatility in the energy markets.
The Swedish energy giant doesn’t want to rule out involvement in upcoming energy islands, but prefers focusing on floating wind for now, says CEO Anna Borg in an interview with EnergyWatch.
Like many other European companies, Finnish utility Gasum has refused to pay for Russian gas in rubles, now facing a suspension of gas supplies.
Mads Nipper lauds new deal and recommends keeping an eye on the price when coming auctions are drawn up.
Offshore wind capacity in the North Sea must increase tenfold towards 2050. This is the joint political vision that Danish Prime Minister Mette Frederiksen and a number of European heads of state will present Wednesday at a summit on offshore wind in Denmark.
The French utility now projects a full-year result of EUR 3.8-4.4bn against a previous forecast of EUR 3.1-3.3bn.
The Danish utility has teamed up with Ark Nature to explore options for recreating biodiversity in the ocean. Experiences from this partnership can be used globally to ensure a positive impact on nature when setting up wind farms at sea.
Infrastructure investor Infranode has become part owner of the Klemetsrud carbon capture project in Norway. Now the company is setting its sights on Danish CCS projects, while the project team collaborates with Danish waste management companies.
The Finnish utility exits the first quarter of the year with explosive revenue, though both the operating result and bottom line are marred by the Russian invasion of Ukraine. Fortum will now initiate a Russian exit, says CEO.
The German utility more than doubles its bottom-line result, not least thanks to advances in the solar and wind divisions. However, RWE has had to write off approximately EUR 850m as part of a contract for Russian coal.
The German utility sees significant revenue growth in Q1, while its EBITDA plunges by 15%. ”A difficult market environment,” the company notes.
The Norwegian utility eyes big opportunities after the Norwegian government’s announcement of large-scale offshore wind plans with an aim of 30GW by 2040.
The Norwegian utility has benefited from higher energy prices in the first three months of the year despite lower production.
European electricity prices have fluctuated between the floor and the ceiling in April, but Statkraft sees no need for further measures to handle the increased volatility.
The French oil giant, which is planning to set up a Danish CO2 storage facility as part of the Bifrost project, is putting pressure on authorities to introduce a license regime soon.
The Norwegian company’s CEO says the country was too focused on oil and gas when offshore wind started to accelerate, but he also points out that the energy technology now took hold in earnest.
Through the ReCoral by Ørsted project, the Danish utility will cultivate corals on offshore wind farms. The first test of the concept is set to start in June off the coast of Taiwan.
The Portuguese utility raises bottom-line profits by 75%, while expanding the portfolio by nearly 500MW.
Issues involving supplies and scale-up efforts related to the 5.X series led to an operating deficit of EUR 385m in the second quarter.
According to media Upstream Online, the French oil giant is on the prowl for acquisition targets within LNG as well as in the electricity and RE sectors.
The French power company has raised revenue by more then 60% during Q1, however benefiting only marginally on earnings, EDF says.
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