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Politics 04/09/2024, 16:46
Verbio is one of the companies suffering from the fall in the GHG quota price. The negative effects on the stock market value are said to have totalled 2.5 billion euros in 2023.
(Image: Verbio)

New alliance wants changes to GHG quota trading

Berlin - The fraud scandal and the resulting drop in the price of GHG quotas continues to haunt the industry. A new initiative has now been launched calling for faster measures to stop the fraudulent activities. The companies affected are up to their necks in water.
Politics 04/09/2024, 16:41
In the debate about the electricity market design of the future, BDEW is calling for an "integrated capacity market".
(Image: www.mitnetz-strom.de)

Capacity market: BDEW energy association believes the state has a responsibility

Berlin - In the debate on the future of the electricity market, the German energy association BDEW has come out in favour of an "integrated capacity market". It has thus rejected the decentralised component advocated by the Ministry of Economics.
Gas & Heat 04/09/2024, 16:16
Germany is focussing on importing green hydrogen, but hardly any other country in Europe is exporting it.
(Image: Envato Elements/MegiasD)

Hardly any prospects for H2 imports to Germany

Wuppertal - Both the German government and the federal-state of North Rhine-Westphalia (NRW) are relying on large-scale imports of green hydrogen. But where will the supply come from? A study by the Wuppertal Institute concludes that hardly any country in Europe has export plans in this area.
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Politics

Politics 04/09/2024, 15:17
The German government sees great potential in geothermal energy from deeper layers of rock.
(Image: Hamburger Energiewerke)

German government accelerates further authorisation procedures

Berlin - The authorisation procedures for geothermal plants, heat pumps and heat storage facilities (GeoWG) are to be shortened. This has been agreed by the Federal Cabinet. The acceleration measures are part of the growth initiative. This also includes new tax incentives for e-cars as company cars.
Politics 04/09/2024, 10:30

Christian Democrats see legal shortcomings in KTF financial plan

Berlin - The Christian Democratic CDU/CSU parliamentary group has criticised the economic plan for the Climate and Transformation Fund, saying that the lack of commitment appropriations violates budgetary law. CDU politician Mattfeldt sees gaps especially in the billion-euro power plant strategy.
Politics 03/09/2024, 17:08

VKU drums up support for reliable framework conditions

Hanover - The municipal sector has a long list of wishes for politicians. More pragmatism and clarity in the framework conditions surrounding the major transformation tasks are high on the agenda. The long wait for important decisions - such as on power plant strategy - is causing resentment to grow. This was demonstrated at the VKU municipal utilities congress.
Politics 03/09/2024, 16:16

EU Commission presents new guidelines on RED III

Brussels - The EU Commission has presented four guidelines for the implementation of the revised Renewable Energy Directive (RED III) and Energy Efficiency Directive (EED). These include the supply of heating and cooling, the use of renewable fuels of non-biogenic origin and new requirements for electricity grid operators.
Politics 03/09/2024, 14:18

Schleswig-Holstein promotes electricity storage

Kiel - The state government of Schleswig-Holstein has published a new funding guideline for electricity storage systems. Both small and medium-sized companies are eligible to apply. A total of 7.5 million euros is available.
All news in the rubric Politics

Market & Industry

Market & Industry 04/09/2024, 16:00
"Massive changes" in the energy market are presenting smaller players in the sales business with growing challenges.
(Image: Envato Elements)

Public utility Stadtwerke Tecklenburger Land exits energy sales

Ibbenbüren - Stadtwerke Tecklenburger Land (STWL) is selling its shares in its own sales company. The utility in the northern Münsterland region plans to sell the majority of its shares to Stadtwerke Osnabrück due to "massive changes in the energy market".
Market & Industry 04/09/2024, 15:21

Start-up Zählerfreunde wins utility company as backer

Pullach/Herne - The cleantech start-up Zählerfreunde wants to advance the development of its smart metering IT platform and tap into the Austrian market. The basis for this is a seven-figure financial injection, which comes in part from Stadtwerke Herne and Salzburg AG.
Market & Industry 04/09/2024, 15:17

Nidec combines charging stations with storage systems

Salzbergen - Nidec develops and produces charging stations for electric vehicles in Salzbergen, Lower Saxony. The team there not only looks for hardware and software solutions, but also combines charging points with storage systems. According to the managing director, the developers benefit from experience gained in the wind industry.
Market & Industry 04/09/2024, 14:24

Basic suppliers curb customer losses.

Munich - In the fierce competition in energy sales, basic suppliers often lose out. However, they can draw hope from a recent study. According to the study, the share of new customers of basic suppliers in the first half of 2024 reached its highest level since 2017.
Market & Industry 03/09/2024, 17:14

Wintershall-Dea sale finalised

Kassel/Hamburg - Harbour Energy acquires the international exploration and production business of Wintershall Dea. The transaction includes E&P assets and CO2 storage licences in several countries.
All news in the rubric Market & Industry

Power

Power 04/09/2024, 15:50
Since 2 September, guarantees of origin have been traded on the EEX in four new futures contracts.
(Image: Envato Elements/DragonImages)

EEX introduces new futures for guarantees of origin

Leipzig - The EEX power exchange has launched four new futures contracts on guarantees of origin together with the product developer for environmental goods Incubex. These are traded together with other futures on one platform.
Power 04/09/2024, 11:30

Eon and Mediamarkt-Saturn expand charging network

Essen - Mediamarkt-Saturn is working with Eon to install fast-charging stations in its car parks. A total of 300 charging points will be installed at 80 locations.
Power 04/09/2024, 10:40

"The data centre market is growing extremely fast"

Friedrichshafen - The manufacturer of gas and hydrogen engines Rolls-Royce is hoping for rising sales thanks to power plant tenders and the capacity market. However, the Friedrichshafen-based company has decided against manufacturing its own electrolysers and fuel cell systems.
Power 04/09/2024, 09:20

Data centres build 'dead assets' in the gigawatt range

Friedrichshafen - The installation of diesel engines as back-up for data centres is booming. However, the electricity grid cannot benefit from this, and Germany is planning to invest billions in this area. Rolls-Royce managers explain in an interview why this is the case.
Power 03/09/2024, 15:59

Expensive off-peak hours are affecting electricity prices

Essen - Sharp rise in electricity prices: On the spot market, the hourly price climbed to over 600 €/MWh on 3 September. The price was highest in hour 20 at 656.37 €/MWh.
All news in the rubric Power

Gas & Heat

Gas & Heat 04/09/2024, 15:00
A number of storage system operators have concluded marketing agreements, including VNG Gasspeicher.
(Image: VNG Gasspeicher)

Completed marketing and a new offer

Berlin - In recent days, a number of storage operators have completed their marketing procedures. They have been more or less successful. But there is also a new offer: Uniper Energy Storage will offer H-gas capacity for the Epe storage facility in September.
Gas & Heat 04/09/2024, 14:41

Green waste pellets for northern German local heat project

Kiel/Lütjenburg - Hansewerk Natur and Get 2 Energy have completed a local heat project in Lütjenburg. The project partners have converted the heat supply for 350 residential units and a school from fossil fuels to renewable energies. The total investment cost was around two million euros.
Gas & Heat 04/09/2024, 11:30

Saxony-Anhalt funds electrolysers and power-to-heat

Magdeburg - The Saxony-Anhalt Ministry of Energy has launched the second call for funding under the state's 'Saxony-Anhalt Future Energies' programme. A total of ten million euros is available for electrolysers and power-to-heat plants. Companies can submit funding applications until 16 October.
Gas & Heat 03/09/2024, 17:19

Mukran LNG terminal starts regular operations

Lubmin - The Baltic Sea terminal for LNG imports in Mukran started regular operations at the beginning of September. This means that the full capacity of 13.5 billion cubic metres is now available to the market, according to the operator Deutsche Regas.
Gas & Heat 03/09/2024, 17:10

International Gas Union warns of gas shortage

London - The global gas production association, the International Gas Union (IGU), believes that previous gas demand forecasts are too low. This can be seen in its 'Global Gas Report 2024', which it commissioned from the Norwegian energy research company Rystad Energy.
All news in the rubric Gas & Heat