EnergyWatch

Utilities

Ørsted aims to be number one on carbon capture

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.

RWE criticizes Repower EU

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.

Vattenfall secures public funding for hydrogen venture in the UK

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.

Ørsted enters biodiversity partnership

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.

Deficit-ridden Fortum plans Russian exit

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.

RWE delivers "very good results" in Q1

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.

Statkraft doubles profit

The Norwegian utility has benefited from higher energy prices in the first three months of the year despite lower production.

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