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.
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.
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 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.