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Jun 25, 2025

Westinghouse and Hyundai strengthen their collaboration with Fortum.

Finnish utility Fortum has entered into an Early Work Agreement with Westinghouse and Hyundai Engineering & Construction for the potential installation of an AP1000 reactor in Finland. In October 2022, Fortum initiated a feasibility study to assess the commercial, technological, and societal conditions for new nuclear projects in the two Nordic co...

Jun 25, 2025

Heavy industries will receive reduced electricity costs under new EU regulations.

Heavy industries will get temporary electricity price relief under new EU state aid rules to be announced on Wednesday, a draft from the European Commission revealed, following criticism from companies regarding high energy costs and strict green regulations. Earlier this month, the industry group Eurometaux wrote to Commission President Ursula vo...

Jun 25, 2025

EU agrees to relax gas storage regulations.

The member states of the European Union have reached an agreement with the EU Parliament to relax the rules on gas storage filling, due to concerns that the previous regulations could lead to higher energy prices. The European Commission announced the agreement on Tuesday. These gas storage rules, introduced in 2022, aimed to ensure that EU countr...

Jun 25, 2025

Norwegian SMR project development company established.

A new company has been created to develop a nuclear power plant near the Mongstad oil refinery in Norway. Norsk Kjernekraft has teamed up with France's Hexana to explore collaborative opportunities for deploying advanced nuclear technologies in Norway. Norsk Kjernekraft, in collaboration with Austrheim Municipality, has formed Fensfjorden Kjernekr...

Jun 25, 2025

Netherlands releases draft for RED III biofuels.

The updated draft legislation from the Dutch government aims to implement the EU's revised Renewable Energy Directive (RED III) by proposing the elimination of double-counting for renewable energy from Annex IX feedstocks. This draft establishes a greenhouse gas (GHG) emission reduction requirement for land and shipping sectors, excluding aviation...

Jun 25, 2025

UK's oil and gas reserves are being underestimated due to policy influences.

UK authorities are greatly undervaluing the country's recoverable oil and gas reserves due to tax and environmental policies that hinder resource recovery, according to Offshore Energies UK (OEUK). This assertion is based on an independent report from Westwood Global Energy Group, which estimates that recoverable reserves could reach 7.5 billion ba...

Jun 25, 2025

HydePoint and its partners initiate a new hydrogen project in Norway.

Norwegian hydrogen systems developer HydePoint has teamed up with Karmsund Hydrogen, which is owned by Norwegian Hydrogen, Sigma, and Karmsund Group, to construct a green hydrogen facility in Karmsund. The facility will be situated at Karmsund Group’s Service Base, providing maritime and onshore sector users direct access to locally produced hydr...

Jun 25, 2025

EDF is considering selling assets due to an increased emphasis on nuclear energy.

The new chief of French state-owned utility EDF is considering asset sales as part of a portfolio review aimed at meeting government expectations for increased investments in new nuclear reactors, according to the Financial Times. Potential sales may include business units like Dalkia and Edison, as well as renewable assets, except for EDF's hydr...

Jun 25, 2025

Britain needs to reduce energy costs to achieve its climate objectives.

Britain needs to lower electricity prices to accelerate the adoption of technologies that reduce emissions, such as electric vehicles and heat pumps, to achieve its climate goals, according to a report from the country’s climate advisers released on Wednesday. The UK aims for net zero emissions by 2050, requiring the electrification of sectors lik...

Jun 25, 2025

Germany aims to accelerate the approval processes for renewable energy projects.

The German government is progressing with a draft law intended to significantly reduce approval times for renewable energy projects outside designated acceleration zones. In a statement from the Ministry for the Environment and Climate Action on Tuesday, it was noted that coalition parliamentary groups can immediately present the bill to the Germa...

Jun 25, 2025

French parliament dismisses proposal for a pause on solar and wind energy projects.

France's National Assembly has today denied an amendment from right-wing parties that sought to impose a moratorium on solar and wind energy projects. The majority voted against the proposal, which had been briefly approved by a small group in parliament the previous week. If the amendment had passed, it would have halted all approval processes for...

Jun 25, 2025

Israeli gas fields will resume operations following a truce between Israel and Iran.

Israel's Leviathan and Karish gas fields are set to resume production after nearly two weeks of closure due to the Israel-Iran conflict. The offshore fields have been given government approval to restart, according to Israeli Leviathan partner Ratio Energies and Karish operator Energean. Ratio stated that Leviathan operator Chevron is working t...

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