Ørsted's power plants slammed by "unfavorable market conditions"
Despite far greater production and revenue in Ørsted's power plant division, the unit only barely improved the operating result. The thorn in the side of Ørsted is ironically the electricity market, where the wind division is drastically expanding these years.
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.
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.