energy
Germany industry is unlikely to fully recover from the energy crisis caused by the Ukraine war because of high prices for imported liquefied natural gas, said the head of energy multinational RWE Markus Krebber. "Gas prices in continental Europe, especially in Germany, are structurally higher now, because we, in the end, depend on LNG imports,” Krebber told the Wednesday edition of the Financial Times. German industry is at a disadvantage, he added. "You’re going to see a bit of recovery, but I think we’re going to see a significant structural demand destruction in the energy-intensive industr...
DPA
A methanol-powered container ship by Danish shipping company Maersk entered the Port of Hamburg for the first time early Thursday morning. The Ane Maersk is the first large, methanol-capable container ship from the Danish shipping company and has a capacity of more than 16,000 standard containers (TEU). Over the next two years, Maersk plans to put 17 more container ships of this size into operation, which will be fuelled with so-called green methanol. The company says these larger ships can save up to 280 tons of CO2 per day over their fossil fuel-powered counterparts. Green methanol is virtua...
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Promoting nuclear power was long taboo in Brussels, but a high-level Nuclear Energy Summit on Thursday sent the message that atomic energy – now touted by its champions as key to fighting climate change – is back. At the summit in Brussels - the first of its kind - 32 countries and the International Atomic Energy Agency (IAEA) adopted a Nuclear Energy Declaration. According to a press release, the signatories affirmed their “strong commitment to nuclear energy as a key component of our global strategy to reduce greenhouse gas emissions" and "ensure energy security." In the European Union, the ...
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European Commission President Ursula von der Leyen on Thursday told world leaders that nuclear energy can help them cut carbon emissions, at a first Nuclear Energy Summit in Brussels. "In countries that are open to the technology, nuclear technology can play an important role in clean energy transitions," von der Leyen told the assembled leaders in Brussels. "After the global energy crisis caused by Russia’s invasion of Ukraine, many countries are giving a fresh look to [sic] the potential role that nuclear might play." Von der Leyen was speaking at the International Atomic Energy Agency's (IA...
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The Munich-based company Turn2X said on Friday it had opened the first production facility in Spain for the commercial production of renewable and climate-neutral natural gas in Europe. The plant, which opened on Friday in the western town of Miajadas, will accelerate the clean energy transition, said the company, which was founded in 2022. The plant has a capacity of two megawatts and can produce around two gigawatt hours of renewable natural gas per year. The German company pointed out the benefits for its home country. By 2030, Turn2X aims to cover 10% of Germany's natural gas requirements ...
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The lawsuits against the trustee administration of the Russian oil company Rosneft's shares in the large PCK refinery in the German state of Brandenburg are currently on ice. At the request of the parties involved, the proceedings for the first and second extension of the trusteeship have been put on hold, a spokeswoman for the Federal Administrative Court in the eastern city of Leipzig said on Thursday. Rosneft has not yet filed a complaint against the third extension, which was announced on March 7. Against the backdrop of the Russian war against Ukraine, the federal government effectively t...
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Germany's largest energy supplier, E.ON, plans to invest €42 billion ($46 billion) in the energy transition across Europe starting this year until 2028, with a focus on expanding the electricity grid, the company reported on Wednesday. The previous five-year plan envisaged about €33 billion for the period between 2023 and 2027. The aim is to invest in a secure, competitive and sustainable energy system, the company said. Of the €42 billion, €34 billion is to be channelled into the grid business, with €25 billion earmarked for investment in Germany. "What Europe needs now is an intelligent ener...
DPA
Germany's largest energy supplier, E.ON, plans to invest €42 billion ($46 billion) in the energy transition across Europe starting this year until 2028, with a focus on expanding the electricity grid, the company reported on Wednesday. The previous five-year plan envisaged about €33 billion for the period between 2023 and 2027. The aim is to invest in a secure, competitive and sustainable energy system, the company said. Of the €42 billion, €34 billion is to be channelled into the grid business, with €25 billion earmarked for investment in Germany. "What Europe needs now is an intelligent ener...
DPA
German Vice Chancellor Robert Habeck, due to visit the US on Wednesday, has called for caution when making predictions about the outcome of the country's presidential election. "We shouldn't make the mistake of declaring Trump a premature winner or even subscribing to this idea," Habeck said with regard to former US president Donald Trump, who won more than a dozen Republican primary contests on Tuesday, cementing his expected third bid for the presidency. The US side says the election campaign has not even really started yet, said the vice chancellor, who is also Germany's economy minister. "...
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German Vice Chancellor Robert Habeck has called for caution when making predictions about the outcome of the US presidential election. "We shouldn't make the mistake of declaring Trump a premature winner or even subscribing to this idea," Habeck said with regard to former US president Donald Trump, who won more than a dozen Republican primary contests on Tuesday, cementing his expected third bid for the presidency. The US side says the election campaign has not even really started yet, said the vice chancellor, who is also Germany's economy minister. "We also know from the German election camp...
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