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Market & Industry 13/11/2024, 17:30
The political events of recent weeks are influencing RWE's investment strategy.
(Image: Andre Laaks, RWE)

RWE extends its 'Growing Green' investment offensive

Essen - 'Growing Green' is RWE's central transformation project. The weakening hydrogen ramp-up in Europe and the change of power in the USA are now prompting the Essen-based company to put the brakes on its 55-billion-euro investment offensive in renewables and hydrogen-capable gas-fired power plants.
Politics 13/11/2024, 17:07
It is still unclear whether and when the Power Plant Safety Act will be brought to the parliament.
(Image: Deutscher Bundestag/Thomas Trutschel/photothek)

Finance Minister Jörg Kukies doubts decision on power plant strategy

Berlin - The power plant strategy will probably no longer be implemented before the general elections. This was stated by German Finance Minister Jörg Kukies at an economic summit in Berlin. Economics Minister Robert Habeck had previously expressed hope. Meanwhile, the industry is pressing for clarity.
Market & Industry 13/11/2024, 17:06
"The performance in fiscal year 2024 was better than expected," said Siemens Energy's CEO Christian Bruch.
(Image: Siemens Energy)

Siemens Energy in growth mode outside the wind sector

Munich - Siemens Energy is making progress with the restructuring of Siemens Gamesa and aims to break even by 2026. Although Gamesa's operating result is still in the red, the other business units are fully absorbing the losses.
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Politics

Politics 13/11/2024, 15:38
Olaf Scholz has delivered his government statement in the parliament.
(Image: Deutscher Bundestag / Xander Heinl / photothek)

Federal Cabinet approves Energy Industry Act and real-world labs

Berlin – The remaining Social Democrat-Green government has made at least a small step forward with the remaining legislative projects. The Energy Industry Act (EnWG) amendment and the Real-Lab Act have passed the federal cabinet. Whether a majority will be found in the parliament remains questionable.
Politics 12/11/2024, 16:45

DGB argues in favour of CCS at gas-fired power plants

Berlin - At the Energy Transition Congress organised by the German Energy Agency, DGB chairwoman Yasmin Fahimi argued in favour of CCS solutions for existing gas-fired power plants. Grid fees were also discussed on the podium - and all eyes are now on the CDU/CSU.
Politics 12/11/2024, 16:00

Climate conference adopts resolution on CO2 offsetting

Baku - It is hardly surprising that nearly 200 countries cannot agree on some issues. One of these blockades has now been broken, at least with an unusual approach. But for many, it has set a dangerous precedent.
Politics 12/11/2024, 14:33

Date for new election set - energy policy hardly in focus

Berlin – The SPD and CDU/CSU parliamentary groups have apparently agreed on a date for an early election - 23 February. There are mixed signals for the most important projects in energy policy, such as the Energy Industry Act or the Power Plant Safety Act.
Politics 11/11/2024, 15:30

Energy costs: Bavarian industry sees itself at risk

Munich - Some Bavarian companies see energy policy as an acute risk to their location. This is the result of a survey of 500 companies conducted by the Bavarian Chamber of Industry and Commerce (BIHK). It is questionable whether industry will be relieved in the short term now that the traffic light coalition has broken down.
All news in the rubric Politics

Market & Industry

Market & Industry 13/11/2024, 13:40
Ingo Voigt is managing director of the investment company AIF Infrastructure.
(Image: AIF Infrastructure)

"The energy transition does not have to fail due to financing"

Stuttgart - The transformation of the energy system will require substantial investment, including from private investors. However, German-based institutional investors in particular have been reluctant to get involved. It is time for this to change, says Ingo Voigt, Managing Director of AIF Infrastructure GmbH, in a guest comment.
Market & Industry 13/11/2024, 13:14

Price ticker: Stadtwerke Bochum cuts gas price

Essen - The energate news ticker on the development of energy prices for end customers provides a quick and comprehensive overview of current price changes from electricity, gas and heating suppliers. Today: Stadtwerke Bochum is lowering its gas prices at the turn of the year.
Market & Industry 13/11/2024, 11:00

Data theft at Tibber

Berlin - The electricity provider Tibber has been the victim of a hacking attack. According to the company, hackers have stolen the data of around 50,000 customers.
Market & Industry 12/11/2024, 17:30

Power plant strategy: EnBW urges legal clarity

Karlsruhe - EnBW is already building H2-ready gas-fired power plants outside the 'traffic light' coaltion's power plant strategy. As the group wants to invest in more plants, management hopes that the Power Plant Safety Act will be passed soon, despite the collapse of the governing coalition.
Market & Industry 12/11/2024, 16:31

Terra One plans new projects with fresh money

Berlin - The storage project developer Terra One is selling assets to finance further projects. The sold project pipeline consists of rights for battery storage at grid-connected points. The buyer is a large American commodity trader.
All news in the rubric Market & Industry

Power

Power 13/11/2024, 16:28
According to the manufacturers, electric lorries are likely to become the norm.
(Image: Siemens)

Truck manufacturers are betting on electric vehicles

Berlin - For the mobility transition, not only cars but especially heavy commercial vehicles must be operated emissions-free. 'No problem,' say at least the truck manufacturers.
Power 13/11/2024, 15:20

Enerparc focusses on storage

Hamburg - At midday, electricity is often worth very little. This is a particular problem for solar plant operators. The project developer and plant operator Enerparc is retrofitting.
Power 13/11/2024, 12:51

Theben doubles production capacities

Haigerloch - The mandatory rollout of smart metering systems will begin next year. This requires appropriate devices. The manufacturer Theben has now expanded its production.
Power 13/11/2024, 12:45

"We are striving for the regionalisation of Stromgedacht"

Stuttgart - From next year, time-variable tariffs are to encourage electricity consumers to behave in a way that is friendly to the grid. The transmission system operator Transnet BW has been trying to achieve this for two years now with its "Stromgedacht" traffic light app. energate asked Ruth Hauber about the successes so far and the latest innovations.
Power 12/11/2024, 16:57

Westenergie: Smart grid optimises costs and expansion

Mülheim an der Ruhr - The energy transition is placing great demands on power grids. In order to monitor the flow of electricity, the grids must be digitalised. Westenergie presented an important intermediate step in Mülheim.
All news in the rubric Power

Gas & Heat

Gas & Heat 13/11/2024, 16:26
Stadtwerke Rostock is raising prices at the turn of the year and is being harshly criticised for it.
(Image: Stadtwerke Rostock)

Housing association criticises sky-high disctrict heat prices

Schwerin - Rising district heat prices are a delayed consequence of the gas crisis. This has shocked housing companies and tenants. Suppliers such as the public utility Stadtwerke Rostock are defending themselves against the accusations.
Gas & Heat 13/11/2024, 13:48

Leipzig: Heating control system saves up to ten per cent CO2

Leipzig - In the EU project 'Sparcs'", dynamic heating control in a Leipzig neighbourhood proved to be the game changer. It saved up to ten per cent CO2 in a practical test.
Gas & Heat 13/11/2024, 11:36

Public utility company Stadtwerke Erfurt plans with wastewater heat

Erfurt - Wastewater heat is considered to have great potential, especially in urban areas. Stadtwerke Erfurt is making a start and has signed a letter of intent.
Gas & Heat 12/11/2024, 15:13

Gas industry switches to AS4 communication

Schwäbisch Hall - The gas industry is working to migrate its market communications to the AS4 messaging protocol. This will be mandatory for all market participants from April 2025. The new standard is designed to increase security, but also brings other benefits.
Gas & Heat 12/11/2024, 15:05

Marginal costs of green hydrogen rise significantly

Bonn - On the electricity markets, low wind levels and low solar power feed-in led to new annual highs. The marginal costs for green hydrogen thus increased significantly.
All news in the rubric Gas & Heat