FRANKFURT, Germany : Europe has dodged an energy apocalypse this winter, economists and officials say, thanks to unusually warm weather and efforts to find other sources of natural gas after Russia cut off most of its supply to the continent. Natural gas suppliers in recent days have increased their stocks at a time when they’re […]
Bumper green aluminium output is good news for carmakers, and climate – EQ Mag
Aluminium makers are set to boost low-carbon metal output by 10 per cent in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly supplies and shrinking the industry’s hefty carbon footprint. Aluminium is the most energy-intensive metal to produce, accounting for about 1.1 billion tonnes of […]
Europe to Construct Ultra-Large Hydrogen Pipeline Connecting Portugal, Spain, and France – EQ Mag
Europe is on the verge of initiating the first large hydrogen pipeline project H2MED that connects Portugal, Spain, and France, and will cost about EU€2.8 billion, with half of the fund being provided by the EU. Pedro Sánchez, Prime Minister of Spain, as well as Emmanuel Macro, President of France, and António Costa, Prime Minister […]
Europe Arrives at All-Time High in Energy Storage Systems among Residences by Exceeding a Million Units in 2022 – EQ Mag
According to the latest data of SolarPower Europe, Europe had installed 650K units of residential battery energy storage systems in 2021, and has now exceeded a million units in 2022. Europe’s total residential battery installations had risen from about 3GWh in 2020 to more than 5GWh in 2021, before exceeding 9GWh this year, with the […]
Opportunity for battery storage ‘as big as it has ever been’ in Europe – EQ Mag
Healthy arbitrage opportunities to continue 44.6 GW European storage forecast by 2030 Purchasing power challenge versus EVs Battery storage players in Europe are experiencing both the best of times and the worst of times. The ongoing volatility in the European power market makes the case for grid-scale batteries like never before, but persistent supply constraints […]
Renewables power up UK electricity exports to Europe – EQ Mag
UK renewables take larger slice of the energy mix, and Britain becomes a net exporter to Europe for the first time in a decade Britain exported more power to Europe than ever before in 2022, making it a net exporter for the first time in a decade, new analysis shows. The UK has been expanding […]
TVS Motor sets sight on Europe for EV debut via small buyouts – EQ Mag
TVS entered the electric two-wheeler market in early 2020 with the iQube scooter just after Bajaj Auto’s debut. TVS Motor Company is busy making acquisitions, albeit small ones, across Europe with one specific goal in mind – to prepare for an entry into the region through electric vehicles. With the acquisition of a German engineering […]
REPowerEU Rules on Accelerated Permitting Apply to all Energy Storage – EQ Mag
The European Parliament, in plenary session, voted on the REPowerEU amendments to the Renewable Energy, Energy Performance of Buildings and Energy Efficiency Directives. Unveiled in May, the objective of the Directives is to strengthen European energy security, jeopardised by the Russian invasion of Ukraine. The European Commission proposal outlined new rules to speed up renewable […]
Building a competitive solar-PV supply chain in Europe – EQ Mag
Can European businesses achieve a competitive position in the global solar-PV supply chain and strengthen Europe’s energy transition and resilience? It’s challenging but a potential pathway exists. Europe has committed to being a climate-neutral society by 2050.1 This is an ambitious target, which has been complicated by the energy crisis and the Ukraine conflict, as […]
Report projects strong growth in residential storage in Europe in the coming five years – EQ Mag
Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of this year, according to SolarPower Europe. That is in the solar PV industry trade body’s Medium Scenario, which estimates the continent will reach 39.9GWh of residential storage by 2026. In its pessimistic and High Scenarios it could reach 23GWh or […]