Electricity and gas prices in Europe witnessed a notable increase this week, primarily driven by concerns regarding the surge in electricity demand due to high temperatures. As of June 24, Europe’s natural gas inventory reached an all-time high of 75.21%, experiencing a week-on-week increase of +2.84 pct. However, the replenishment of inventory slowed down due […]
Europe’s spend on energy crisis nears 800 billion euros – EQ Mag
European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly €800 billion, researchers said, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated €681 billion in energy crisis spending, while Britain allocated €103 billion and Norway […]
Energy crisis driving inflation, slowing GDP growth, creating social turmoil: WEF study – EQ Mag
The world is in the grip of an unprecedented global energy crisis The current energy crisis is driving inflation, slowing economic growth and creating social turmoil, a new report said on Thursday while calling for new solutions that advance a sustainable and inclusive energy transition. The World Economic Forum (WEF) report, released days before its […]
Germany’s energy crisis powers hydrogen switch – EQ Mag
KELHEIM, Germany : From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a result, the Bavarian-based firm, whose fibres are used in anything from teabags to tampons, will be able to use heating oil instead […]
Greek businesses, households shift to solar power amid energy crisis – EQ Mag
Athens : Facing soaring electricity and natural gas bills, Greek companies and households are turning to solar power en masse this year to cope with the ongoing energy crisis. With more than 250 days of sunshine per year, Greece is rich in renewable solar energy potential. According to a recent report by the Hellenic Association […]
India has handled the energy crisis in a responsible and mature manner, says Minister Puri – EQ Mag Pro
Washington : India has handled the current energy crisis in a responsible and mature manner, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said Thursday asserting that the Modi Government has not allowed energy shortages to affect any part of its population. The minister said that there is a huge potential of India-US […]
Agreement on coal phase-out 2030 and strengthening the security of supply in the energy crisis: RWE – EQ Mag Pro
Earlier coal phase-out contributes significantly to achieving German climate protection goals Neurath D and E power plant units to remain temporarily on the grid to strengthen security of supply and displace gas from electricity generation Necessary staff reductions to be implemented in a socially responsible way RWE is ready to end lignite-based electricity generation in […]
Promising signs in electrolyzer manufacturing add to growing momentum for low-emissions hydrogen – EQ Mag Pro
The energy crisis has further strengthened interest in hydrogen, but greater policy support is needed to drive new and cleaner uses of it in heavy industry and long-distance transport Momentum continues to build behind low-emissions hydrogen amid the global energy crisis, with electrolyser manufacturing expected to grow strongly and pilot projects proliferating in new applications […]
IEEFA: Finding the right way forward in Pakistan’s energy crisis – EQ Mag Pro
Pakistan faces dire fuel and power shortages with little end in sight, as wealthy buyers of liquefied natural gas (LNG) offer top dollar for every available cargo amidst the ongoing global energy crisis. Rather than lock in high prices for the long-term, buyers in Pakistan can consider signing shorter five-year contracts with portfolio players. Although […]
Novel low-cost material can harness solar energy efficiently: Study
Scientists have developed a new material that can make solar cells more affordable and efficient, an advance that may allow us to better utilise the most abundant renewable energy. The study, published in the journal Science, describes the new material called a tandem perovskite solar cell which could be used in full-sized solar panels in […]