Elon Musk offers USD 100 million prize for best carbon capture technology
Elon Musk, founder and CEO of electric car maker Tesla Motors, has said he will donate USD 100 million as a prize for the best carbon capture technology. Musk, who also owns aerospace company SpaceX, pledged the money in a tweet, adding later that he would reveal more details next week. Carbon capture is seen […]
Distribution grids need EUR 375-425 billion through 2030 to be fit for transformed power system
Investments must be raised by 50-70% in the 2020s, according to the landmark study conducted by industry bodies Eurelectric and E.DSO.
IPTO to invest EUR 4.1 billion in new interconnections, renewables integration, batteries
Greece’s independent transmission system operator, IPTO, plans to invest EUR 4.1 billion over the next 10 years to build new interconnections with Bulgaria, Italy, Albania, and North Macedonia, as well as to increase capacities for the integration of renewables and install batteries for electricity storage. The possible new interconnections include a subsea cable between Greece […]
Slovenia earmarks EUR 660 million for liquidity in firms, green transition
Slovenia is helping the recovery from the pandemic with EUR 660 million including grants, with a focus on SMEs, liquidity and the green transition
EU’s European Innovation Council Fund buys stakes in startups
The EU is supporting innovative startups with direct equity investments for the first time, blending them with grants through the EIC Fund
Kostas Skrekas becomes minister of the environment and energy of Greece
New Minister of the Environment and Energy of Greece Kostas Skrekas took over the post from Kostis Hatzidakis. Major reforms are already underway.
Professors say coal already uncompetitive, energy transition must accelerate in region
Energy transition into renewables is necessary and more cost effective even than to maintain coal thermal power plants, the academic community claims
Serbia to spend EUR 1.5 billion in 2021 on energy efficiency, to cut pollution
Serbia will completely alter investment plans, prioritizing energy efficiency and the fight against pollution, Deputy Prime Minister Zorana Mihajlović said
