Low costs boost demand for renewables during coronavirus crisis
Green energy has been the most resilient to the effects of lockdowns worldwide, said Dave Turk, Acting Deputy Executive Director of the International Energy Agency. The demand for renewables is seen growing 1% this year, while the coronavirus impact may push the level in the overall energy sector as much as 6% lower, according to the […]
Typhoon HIL is best startup in Serbia in PowerUp! challenge
A firm founded in 2009 was acknowledged for UEGOS, a solution to prevent voltage deviations and protocol barriers between smart devices and the power grid. Typhoon HIL was chosen in the PowerUp! competition in Serbia to participate in the finals in Poland. Typhoon HIL Inc. has impressed the jury with a tool for the communication […]
CE Oltenia suspending 13,000 workers as sales drop amid COVID-19
The government in Bucharest is paying employees on a leave of absence 75% of gross salary for the duration of the state of emergency. CE Oltenia, already strained by carbon emissions costs, introduced a minimum staffing scheme and sent the first of two groups of workers home for 17 workdays. Romania must introduce measures to […]
Siemens, Uniper exploring green hydrogen use in gas infrastructure
Siemens and Uniper broadened cooperation with so-called brownfield transformation, aimed at decarbonizing energy facilities with hydrogen from renewable sources. Excess wind power could be utilized for electrolysis. Uniper SE and Siemens Gas and Power agreed to work on decarbonization in electricity production and develop coupling solutions, all with the help of the emerging hydrogen technology. […]
Expertise France hiring energy experts in Albania for consultancy services
Expertise France called on specialists in the energy sector with knowledge of the Albanian context and experience of at least five years to apply by April 17 and join the agency’s technical assistance program in the Balkan country. The French public agency for international technical assistance is looking for professionals in the energy field who […]
GEN-I cuts Slovenian power prices 15% for three months amid pandemic
Energy trader and supplier GEN-I lowered its electricity tariffs for low voltage in Slovenia, adding to the government’s support measures due to the coronavirus pandemic. Households and small businesses buying power from GEN-I doo are getting a 15% discount in the company’s home market. Slovenian customers in the category will be paying almost 30% less […]
Electricity, carbon prices plummet as coronavirus wounds EU economy
Market participants pushed prices of electricity and emission certificates lower at the main exchanges in Europe while widespread shutdowns caused a decline in carbon and other greenhouse gases released by the industry because of restrictions aimed at slowing the spread of the coronavirus. Statistical data show a global recession is close as the pandemic crippled […]
Birol: COVID-19 shock shows renewables’ importance for power balance
Fatih Birol, head of the International Energy Agency, said the lockdowns due to the coronavirus outbreak are a stress test for power grids and the entire system. In his view, the disruptions amid the COVID-19 pandemic point to the future role of renewables in balancing. Electrical energy is crucial for modern society, the International Energy […]
