Flushing out ‘zombie projects’ – Tackling Britain’s battery storage balancing act
Interview with Peter Kavanagh, chief executive of Harmony Energy. Britain’s battery storage pipeline could be halved if developers were forced to put meaningful deposits behind their grid connections, according to Harmony Energy chief executive Peter… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
GE Vernova’s booming gas and grid orders overshadow deepening wind losses
GE Vernova’s Q2 orders rose by 88% organically to $24.2 billion, led by gas turbines and electricity grid equipment. Wind revenue fell by 10% and the division’s EBITDA loss widened from $165 million to $275 million. Data centre orders have exceeded $5 billion this year, highlighting the role of AI demand in accelerating spending on […]
Iberdrola H1 profit rises as capital shifts towards regulated networks
Iberdrola’s H1 reported net profit rose 22% to €4.34 billion, although part of the increase came from the sale of Mexican thermal assets. Iberdrola invested €4.38 billion in networks, 42% more than a year earlier and almost two thirds of total capital spending. The acquisition of Finland’s Caruna reinforces a strategy favouring regulated infrastructure while […]
Government shifts more CCUS risk to emitters under new access contract
The proposed Transition Access Agreement would allow capture projects to connect to shared CO₂ networks without receiving the full support available under existing business models. Emitters would normally bear transport-and-storage charges, with a government top-up… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Europe faces heightened winter gas risk as storage recovery falters
European gas storage is only 54% full, significantly below its five-year average and at its second-lowest level in 15 years. Equinor expects the region to struggle to reach even the relaxed 80% storage threshold before winter. Disrupted Qatari LNG supply and stronger Asian demand have weakened assumptions that Europe can refill through additional imports. Europe […]
State-backing dispute holds up $30 billion Morocco-Germany power link
Morocco reportedly wants Germany to endorse an intergovernmental agreement providing long-term political support for the Sila Atlantik power link project. Rabat also wants the 4,800 km cable to carry electricity in both directions, rather than… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]