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Romania’s Biggest Battery System Put Into Operation

Romania’s Biggest Battery System Put Into Operation

Nova Power & Gas has commissioned the largest battery energy storage system in Romania, doubling the country’s total capacity. The installation in Florești, Cluj County, has an operating power of 200 MW and a capacity of 400 MWh

Montenegros Zeta Citizens Reject 77 Mln Euro EU-Backed Wastewater Project

Montenegro's Zeta Citizens Reject 77 Mln Euro EU-Backed Wastewater Project

The citizens of Montenegro's southern municipality of Zeta have voted in a referendum against the government's plans to build a 76.6 million euro ($90 million) wastewater treatment plant, financed by the European Union and German development bank KfW, the head of the municipality, Mihailo Asanovic, said

Can Higher Interconnectivity in Europe Actually Bring Electricity Prices Down?

Can Higher Interconnectivity in Europe Actually Bring Electricity Prices Down?

The European Union last week unveiled its long-awaited Europe Grids Package and the accompanying Energy Highways initiative, heralding them as major steps toward a more integrated, efficient and affordable electricity system. According to EU officials, these measures will allow power to flow more freely across Member States, helping to absorb growing volumes of cheaper renewable electricity, accelerate electrification and ultimately deliver lower electricity prices for European households and industry

Serbia to Invest 153 Mln Euro in Gas Link with North Macedonia

Serbia to Invest 153 Mln Euro in Gas Link with North Macedonia

Serbia will invest about 153 million euro ($179 million) in a planned project for the construction of a 1.5 bcm natural gas link with North Macedonia, amid broader efforts to diversify its energy sources, energy minister Dubravka Djedovic Handanovic said

Europes EV Sector Warns About Efforts to Dilute EU Emissions Targets

Europe's EV Sector Warns About 'Efforts to Dilute' EU Emissions Targets

Leaders from across Europe's electric car industry on Wednesday urged the European Commission to stick to its 2035 zero-emission target for new cars, warning that any retreat would undermine investment and widen the bloc's gap with China

Petrom, Romgaz to Drill 90 Mln Euro Offshore Exploration Well

Petrom, Romgaz to Drill 90 Mln Euro Offshore Exploration Well

Romania's top oil and gas group OMV Petrom said on Wednesday that, together with local natural gas producer Romgaz, it will drill a deep water exploration well, named Anaconda-1, in the Black Sea, immediately after the completion of development drilling at the Neptun Deep offshore gas project

EU to Fast-Track Power Grid Projects in Race to Lower Energy Prices

EU to Fast-Track Power Grid Projects in Race to Lower Energy Prices

The European Union is set to accelerate approvals for energy grid projects and develop EU-wide plans for cross-border electricity infrastructure to curb high energy prices that industries have warned make Europe uncompetitive

Exxon Boosts Forecast, Aims for $25 Billion Earnings Growth by 2030

Exxon Boosts Forecast, Aims for $25 Billion Earnings Growth by 2030

Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin

India Says No Advisory to Stop Clean Energy Funding

India Says No Advisory to Stop Clean Energy Funding

India's clean energy ministry on Sunday said it had not issued any advisory to pause or halt new financing for the sector. The clarification came after Reuters reported on Friday that the ministry had urged lenders to proceed slowly in financing new solar module plants because supply had exceeded demand.