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S. W. Designed in the 1970s to absorb excess nuclear production, the Coo pumped energy transfer station takes advantage of market volatility to operate increasingly powerful turbines.

Maersk Launches First Methanol-Powered Ship in Pursuit of Carbon Neutrality

EDP Renewables has entered into its first PPA (Power Purchase Agreement) in Germany. As announced by the company on Thursday, the power purchase contract was concluded with Lhyfe via Kronos Solar EDPR.

By 2026, the industrial company should commission a 200-megawatt electrolyzer near Le Havre for decarbonizing the Normandy industrial basin. Air Liquide aims to scale up its hydrogen production and reach a capacity of 3 gigawatts by 2030.

With the end of the eco-bonus, the electric car market is expected to decline by 50,000 to 100,000 units in Germany this year. German motorists remain hesitant towards electric cars, which they perceive as too expensive and not very practical.

No more nuclear power, but plenty of wind and sun: Current data on the electricity mix in Germany show how far the energy transition has come.

The HRI analysis identifies the major cost drivers of the energy transition, showing where money is already being invested and where further investments are required in the country. This is particularly critical given the current political situation: Currently, government investments in Germany's energy transformation are being scaled back rather than expanded due to budgetary problems.

The greenhouse gas emissions, according to calculations by Agora Energiewende, have decreased to 673 million tons in Germany in the past year. This represents a 46% reduction compared to the reference year of 1990. While the German government has achieved its annual target, the apparent success is somewhat deceptive, as only about 15% of the savings can be attributed to long-term measures. Agora Energiewende estimates a photovoltaic capacity addition of 14.4 gigawatts in 2023.

Several heavyweights in the EU reached over 50% renewable electricity in their national energy mix in 2023. This shift increases price volatility and strains electrical grids. It's an undeniable sign that the energy transition is accelerating: in 2023, the club of European countries producing over 50% of their electricity from renewable sources has gained new heavyweights on the Old Continent.

The electrification of transportation and the development of renewable energies are expected to result in a reduction in overall mining activity. The increased demand for certain materials will not compensate for the decrease in coal extraction.

Smart home energy company Dcbel was awarded grant money for the deployment of EV charge-controlling devices that can respond to dynamic grid price signals.

Electra has secured a funding round of 304 million euros, led by the Dutch pension fund PGGM, with the participation of Bpifrance. As a pure player in ultra-fast charging, the French startup aims to expand across Europe to facilitate the adoption of electric vehicles.