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January 25, 2022

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Germany mulls scrapping energy bill surcharge early as prices rise

Reuters
A gas meter is pictured in the cellar of a home in Bad Honnef, near Bonn, Germany, January 4, 2022 as energy costs in the EU reach new levels. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BERLIN, Jan 22 (Reuters) – The German government may scrap......

Italy likely to raise taxes on energy companies benefiting from price surge

Reuters
Profits from high prices should go to help less well-off Enel making ‘crazy margins’ – League’s Salvini Enel ‘definitely not making extra profits’ – spokesperson ROME, Jan 12 (Reuters) – Italy is likely to increase corporate taxes on energy companies that have benefited from surgingpower prices, the Italian industry minister......

Two people still missing feared dead after Colorado wildfire

Reuters
DENVER, Jan 2 (Reuters) – Two people were still missing and feared dead after a wildfire roared through two towns in Boulder County, Colorado, and destroyed nearly 1,000 homes, authorities said on Sunday. Boulder County Sheriff Joe Pelle said at a press briefing on Sunday that one person who had......

Prysmian wins $900 mln of U.S. wind farm contracts

Reuters
ROME, Dec 18 (Reuters) – Prysmian (PRY.MI) has won two contracts worth a total of almost $900 million for work on two U.S. offshore wind farm projects, the Italian cable manufacturer said. Both projects, which are subject to the finalisation of Prysmian’s plans to build new production capacity in the......

Hydro One says wind storm leaves nearly 115,000 customers without power

Reuters
The sun sets next to downtown’s CN Tower, as viewed from Tommy Thompson Park nature preserve in Toronto, Ontario, Canada September 26, 2021. REUTERS/Chris Helgren Register now for FREE unlimited access to reuters.com Register Dec 11 (Reuters) – Canada’s Hydro One said on Sunday more than 450,000 customers experienced power......

Italy may compensate firms hit by anti-takeover powers, sources say

Reuters
Member of the League party Giancarlo Giorgetti looks on during a news conference in Rome, Italy February 13, 2020. REUTERS/Guglielmo Mangiapane/File Photo Register now for FREE unlimited access to reuters.com Register PM Draghi has vetoed three Chinese takeovers this year Government wants to reduce risk of legal disputes Italian firm......

Italy’s Enel enters Australia’s crowded retail power market

Reuters
A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File Photo Register now for FREE unlimited access to reuters.com Register MELBOURNE, Dec 6 (Reuters) – Italy’s Enel Group (ENEI.MI) on Monday said it would start selling power to Australian......

Japan’s Chubu Electric to boost overseas and renewables investment

Reuters
A worker stands next to a spent fuel pool on the top floor of the No.5 reactor building at Chubu Electric Power Co.’s Hamaoka Nuclear Power Station in Omaezaki, Shizuoka Prefecture May 17, 2013. REUTERS/Toru Hanai (JAPAN – Tags: BUSINESS ENERGY ENVIRONMENT) Register now for FREE unlimited access to reuters.com......

Italy’s Enel cranks up spending to become carbon-free by 2040

Reuters
A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File Photo Register now for FREE unlimited access to reuters.com Register Enel to invest 170 bln euros to 2030 Enel to exit coal by 2027, gas by 2040 Ordinary EBITDA......

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Reuters
A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan’s three......

Volkswagen powers up the grid to take on Tesla

Reuters
VW’s EV infrastructure chief has power industry background VW betting on rapid expansion of fast-charging network VW playing catch-up with U.S. EV pioneer Tesla FRANKFURT/DUESSELDORF, Nov 17 (Reuters) – Volkswagen (VOWG_p.DE) plans to double staff numbers at its charging and energy division, roll out new payment technology next year and......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

Enel says it won’t be affected by Spain’s power market measures

Reuters
A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File Photo MILAN, Nov 4 (Reuters) – Europe’s biggest utility Enel (ENEI.MI) said on Thursday it will not be affected by further power market measures Spain is currently working on......

Maine voters reject Quebec hydropower transmission line

Reuters
Nov 3 (Reuters) – Maine voters on Tuesday rejected a $1 billion project to bring hydropower from Quebec into New England, after a years-long battle that pitted clean energy advocates against local residents seeking to preserve the state’s pristine woodlands. The fight over the so-called New England Clean Energy Connect......

Iberdrola sees no further impact from Spain’s profit grab

Reuters
Iberdrola’s power generating wind turbines are seen at dusk at the Moranchon wind farm in central Spain, December 17, 2012. REUTERS/Sergio Perez MADRID, Oct 27 (Reuters) – Global wind power leader Iberdrola (IBE.MC) expects no further impact from Spain’s recent attempt to swoop on utilities’ earnings and use them to......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

PennEast becomes the latest to scuttle a natural gas pipeline project

Reuters
A natural gas pipeline in Chino Hills State Park, California, U.S., April 21, 2021. REUTERS/Lucy Nicholson Sept 27 (Reuters) – PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

Italy working on measures to curb power prices – minister

Reuters
Electricity masts are seen at the sunset in Milan’s neighborhood, Italy, February 21, 2016. REUTERS/Stefano Rellandini/File Photo MILAN, Sept 16 (Reuters) – Italy will introduce short-term measures to offset the expected rise in retail power prices and is working on a longer-term reform of power bills, the energy transition minister......

Largest Louisiana oil refineries coming back to life after Ida

Reuters
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo HOUSTON, Sept 3 (Reuters) – Two of Louisiana’s largest refineries began efforts to make gasoline and other fuels on Friday after power was restored five days......

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