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...This year, Mondelez set aside €340mn against a potential EU fine that it said could be materially higher....
...Energy companies in Canada and around the world are lobbying for more state support for carbon capture and storage....
...“There is encouraging messaging and good direction of travel, but I think what we’re asking for is a wider role for battery storage.”...
...It took 4,000 men to hollow out the Scottish mountain Ben Cruachan and build a pumped storage hydro power station in its core. Construction techniques have modernised since the plant opened in 1965....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...The storage group is the latest UK company to have been taken over in recent months, in a climate in which British stocks are trading at steep discounts to their US peers....
...The G7 will “promote stationary battery storage development and deployment to increase storage efficiency and reduce storage costs,” as well as “encourage a diversified, sustainable, secure and transparent...
...Europe’s energy crisis began in 2021 as the region exited a prolonged cold winter with low natural gas storage levels....
...Elsewhere in the US, a combination of warm winter weather and surging production from gas wells has filled up gas storage well above long-term averages....
...Here, a comparison with China is instructive. In the second half of 2021, a surge in Chinese imports dramatically drove up LNG prices for European countries....
...Mann Bergsmark agrees the world faces a “chicken and egg” dilemma: while there are not enough carbon-carrying ships, there is also a shortage of active storage projects to incentivise the construction of...
...The country emerged as a storage alternative, despite the risks from Russia’s invasion, in part because of incentives such as cheap storage tariffs and customs duty exemptions allowing gas to be easily reimported...
...First, a note on storage....
...Only hydrogen, pumped hydro and compressed air storage might be marginally cheaper by 2030, the DoE estimates. That gives hot rocks a solid position for a place in the green grids of tomorrow....
...Port executives said they were dealing with overflowing storage yards and waits for vessels to berth following Houthi attacks on ships in the Red Sea, which has led to a surge in traffic at Algeciras and...
...system led by renewable power.Built by Spanish company Iberdrola at a cost of €1.5bn, the facility in a rocky river valley in northern Portugal is known as a pumped storage plant....
...investments in power grids, energy storage and carbon capture facilities....
...Despite the recent cold snap, the EU’s gas storage remains close to record highs at around 80 per cent, with traders increasingly confident Europe is in a comfortable position to get through the winter....
...Kenya’s soil and groundwater are a natural form of water storage. However, the country needs more artificial storage. It has to “be prepared for more fluctuation of water”, says Bernhardt....
...And while Bitcoin bashers have labelled the digital currency a climate villain, one novel strategy being looked at is using crypto mining as a form of energy storage by converting stranded renewable energy...
...Ukraine has more gas storage capacity than any country in the EU, a legacy of its role as a critical transit country for Russian pipeline gas, which accounted for nearly 40 per cent of the EU’s gas supplies...
...They are taking it step-by-step geographically, aiming to get one polluting region hooked up to storage pipes and caverns at a time....
...Tesla’s share price is down about a quarter this year....
...“It wouldn’t be such a bold statement to say the winter is over in the gas market because the storages are so full,” one gas trader said....
...Eimear Bonner, Chevron’s chief technology officer, told the Financial Times the oil and gas supermajor was aiming to remove a carbon storage “constraint” at Gorgon, the biggest natural resource project in...
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