European Council agrees on electricity market reformFollowing months of negotiations, the European Council has agreed to include existing nuclear power plants in the EU’s electricity market reform. The reform aims to "make electricity prices less dependent on volatile…
Bulgaria will charge huge transit fees on Russian gasRepresentatives of Serbia and Hungary have reacted strongly to Bulgaria’s decision to introduce new, huge transit fees of €10.2 per MWh of Russian natural gas passing through the Bulgarian extension of the Turkish Stream…
Oil prices jump after clashes between Israel and HamasOil prices surged more than 2% on Monday, October 9th, as military clashes between Israel and Hamas ignited fears of a wider conflict in the Middle East. The surge in oil prices reversed the previous week's trend in…
Democratic Republic of the Congo wants to move up the battery supply chainAt the end of September, a special conference on battery metals called DRC-Africa Battery Metals Forum took place in Kinshasa, the capital of the Democratic Republic of the Congo (DRC). Congo currently accounts for about…
Nuclear associations propose a step-by-step approach to increased regulatory efficiencyA new joint report from World Nuclear Association, the Nuclear Energy Institute and the Canadian Nuclear Association proposes regulatory steps which can be taken to minimise the time and cost for large-scale deployment…
The EU may become dependent on Chinese batteries and fuel cellsReuters news agency has obtained a document stating that the European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine…
US law makers could decide the fate of the EU’s electrolyser manufacturersEurope's electrolyser manufacturers may be impacted by the decisions of US law makers they have little influence on. Electrolysers, which turn water into hydrogen, are considered a cornerstone of a future net-zero world.…
Kazakh referendum on nuclear plant constructionKazakh President Kassym-Jomart Tokayev has announced that there will be a referendum on the construction of a nuclear power plant in the country. The date of the vote has yet to be determined. Kazakhstan's Ministry of…
Global uranium supply security concernsGlobal natural uranium supply security has come back into the media spotlight following July’s coup in Niger, the world’s sixth-largest producer of uranium. According to representatives from the French company Orano,…
China LNG traders concluded more US, Qatari contractsAccording to the International Energy Agency (IEA), the global LNG market doubled in value to $450 billion last year. Chinese companies are also competing for this product. About a dozen Chinese companies have been…
US government to invest $1.2 billion in carbon captureThe US government will spend up to $1.2 billion to help build giant machines in Texas and Louisiana that will capture carbon dioxide from the air. Each facility will be able to eliminate up to one million tons of carbon…
Wind turbine issues will cost Siemens Energy 2.2 billion eurosSiemens Energy said problems recently discovered at its wind turbine Siemens Gamesa division would cost it 2.2 billion euros. Due to the new set of problems at Siemens Gamesa, the division’s market value has dropped by…
