Montenegro’s state-owned power utility, Elektroprivreda Crne Gore, posted a EUR 24.5 million loss in the first half of 2025, a 620% increase compared to the same period last year. The main reasons for the poor results were a production halt at the Pljevlja coal power plant and a wide gap between the purchase price of […]
Mubadala Investment Company, a sovereign investment fund from Abu Dhabi, is acquiring a stake in Rezolv Energy, a major renewable energy investor in Romania, which is developing the largest solar park in Europe. Mubadala is setting up a joint venture with Rezolv Energy’s owner, sustainable infrastructure investment fund Actis, for joint control of the Romanian […]
Germany and France have agreed to work together on shaping a common European energy policy that would include nuclear power as a low-carbon energy source. The deal could help resolve the two countries’ long-standing division over the role of nuclear energy in Europe’s green transition. Paris and Berlin might offer joint proposals for the European […]
The testing of an exploratory well near the Croatian city of Osijek has confirmed the area’s geothermal potential, according to the Croatian Hydrocarbon Agency. This marks the second successful completion of exploratory activities within a broader project aimed at developing geothermal potential for district heating in Croatia. At the end of June, good news came […]
The Association of Energy Prosumers and Communities in Romania has called on the government to implement five measures that could swiftly reduce electricity bills. The measures target both individual homes and multi-apartment buildings, and results could be visible in up to 12 months, according to the Association of Energy Prosumers and Communities (APCE). The association […]
The Romanian government is in talks on postponing the coal power plant closures envisaged under the National Recovery and Resilience Plan (NRRP), according to Energy Minister Bogdan Ivan. The current deadline for decommissioning these plants is the end of 2025, but Romania is hoping to push it back to 2030. Ivan noted that Romania’s gas […]
US-based nuclear power startup Aalo has begun construction on its first extra-modular reactor, a type of modular reactor, in Idaho. The company is among 11 developers of micro and small modular reactors selected by the US Department of Energy to participate in its Nuclear Reactor Pilot Program. Aalo stated that its reactor will mark a […]
Japan’s first osmotic power plant began operations in early August. The facility in Fukuoka harnesses the natural process of osmosis. Operated by the Fukuoka District Waterworks Agency, this is only the second such commercial plant in the world, according to Science Japan. The first plant, commissioned by Danish firm SaltPower in 2023, is located in Mariager, Denmark. The […]
On May 1 and 2 this year, for the first time ever, five Slovenian power distribution companies fed more electricity into the transmission network than they drew from it. This shift is creating challenges for distribution grid operators while also highlighting the core reality of the energy transition. Indeed, the circumstances were extraordinary during the […]
Energy Traders Europe has sent proposals to the European Commission on how to ensure that the Carbon Border Adjustment Mechanism puts a fair price on carbon-intensive electricity imports and facilitates low-carbon flows. On July 1, the European Commission’s Directorate-General for Taxation and Customs Union launched a public consultation on the potential downstream extension of the […]
