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☆ Taiwan aims to shed dirty power reputation with big wind push: Maguire
▼ + stars: | 2023-09-28 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

WIND POWERED GROWTHSolar power was Taiwan's largest source of renewable energy generation in 2022, with 10.69 terawatt hours (TWh) of electricity produced, compared to 3.53 TWh from wind. In comparison, fossil fuels generated 239 TWh of Taiwan's electricity last year, Ember data shows. REGIONAL REPERCUSSIONSDespite jitters from some developers, overall progress on Taiwan's wind projects continues, and new investments in major offshore ventures were announced just this month by Japanese trading house Mitsui & Co. The continued construction of Taiwan's renewable energy capacity has repercussions for both its domestic power sector and for global fossil fuel export markets. The country's famed semiconductor industry, the world's largest, is aiding the national push for greater renewable energy generation, and has set itself a goal of being powered by 100% green energy supplies by 2040.

Persons: Thomas Peter Acquire, Gavin Maguire, Simon Cameron, Moore Organizations: REUTERS, China, Global Energy Monitor, Japan's, Mitsui, Co, Reuters, Thomson Locations: Taiwan, Pingtan, Fujian province, China, LITTLETON , Colorado, Asia, South Korea, Japan, India, Taipei, Beijing, Kpler

☆ Analysts name 2 stocks to play the $104 billion EV charging industry — giving one 95% upside
▼ + stars: | 2023-09-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen. "A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen. Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen. Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030. "Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.

Persons: TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom Organizations: EV, ChargePoint Holdings, ABB, Software, DC Locations: U.S, United States, America

A pressure gauge and valves are seen at Storengy's natural gas storage site in Saint-Illiers-la-Ville, western France, September 20, 2022. Inventories across the European Union and the United Kingdom had climbed to 1,071 terawatt hours (TWh) by Sep. 6, according to Gas Infrastructure Europe (“Aggregated gas storage inventory”, GIE, Sep. 8). The risk of storage space running out has been reduced correspondingly. Nonetheless, it will be critically important for the refill season to end earlier than usual to ensure storage space does not run out. Related columns:- Europe's record gas inventories cap prices (Aug. 8, 2023)- Europe’s gas storage is filling too fast (July 6, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: Christian Hartmann, John Kemp, Marguerita Choy Organizations: REUTERS, European Union, Gas Infrastructure, Thomson, Reuters Locations: Saint, Ville, France, United Kingdom, GIE, Europe, Russia, Ukraine, Australia

☆ How today's data centers marry clean tech with reliability
▼ + stars: | 2023-09-04 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +8 min

Last summer, two data centers in London experienced heatwave-linked failures, with the incident affecting clinical IT systems at a number of hospitals. Data centers have become "a very important aspect of running entire business models, and even our day-to-day lives. Losing the information processed by data centers would be detrimental not only to companies and individuals, but also governments and society as a whole. This puts the firms that develop and operate data centers in a tricky position, not least because today's facilities are resource hungry. Companies can deploy a range of innovations to put these metrics at the core of tomorrow's data centers.

Persons: Pankaj Sharma, Schneider, we're, it's, Sharma Organizations: Facebook, Secure, Ofcom, US, McKinsey, EU, International Energy Agency, Pact, European Commission . Companies, Amazon Web Services, Google, IBM, Companies, Schneider Electric, Insider Studios Locations: London, Paris, Europe

☆ How China became the king of new nuclear power, and how the U.S. is trying to stage a comeback
▼ + stars: | 2023-08-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

That is two and a half times more nuclear reactors under construction than any other country. China was just getting started as the United States nuclear industry began to take a back seat. Power follows demand, so the new nuclear reactors tend to be built where fast-developing economies need power to fuel their growth. For the United States to win the export business, it must prove it can put steel in the ground in the United States. "We and our close nuclear energy allies are at what I think is just the start of a fierce competition for supremacy in global nuclear energy export markets," Kotek said.

Persons: Jacopo Buongiorno, Kenneth Luongo, Luongo, John F, Kotek, they've, Buongiorno, Westinghouse, Trump, Biden Organizations: Plant, China National Nuclear Corporation, China Huaneng, Changjiang, China News Service, Getty, International Atomic Energy Agency, United, Massachusetts Institute of Technology, CNBC, Partnership for Global Security, World Nuclear Association, Chicago Tribune, Tribune, Service, IAEA, Organization for Economic Cooperation, Development, OECD, U.S . Energy Information Administration, Nuclear Energy Institute, International Energy Agency, France, Visual China, Georgia Power, Westinghouse Locations: China, Changjiang Li Autonomous County, Hainan Province, India, Turkey, United States, Georgia, Byron , Illinois, France, Russia, HUIZHOU, CHINA, Huizhou, Guangdong Province of China, Europe, Eastern Europe, U.S

☆ How gas station economics will change in the electric vehicle charging future
▼ + stars: | 2023-08-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

Here's what gas station owners need to know about the EV charging trend and their future. By contrast, gas stations along major highways between highly traveled destinations can be ideal for electric charging hubs. While there can be a first-mover advantage for gas stations, some owners, like Blake Smith, founder of SQRL Holdings, a gas station and convenience store operator, are taking it slow. His company operates more than 150 convenience store gas station locations and offers electric charging in select locations in Florida. "I would never recoup my investment," he said, adding that a move to all electric charging could be decades away.

Persons: Seth Cutler, Neha Palmer, Shubhendra Anand, Biden, Barbara Stoyko, Sujay Sharma, Sharma, Yair Nechmad, Michael Hughes, Rohan Puri, Hughes, Albert Gore, Gore, Blake Smith Organizations: EV Connect, Gas, EV, TeraWatt, Automotive, Shell, Research, Shell Americas, BP, GM, Ford, National Automobile Dealers Association, ChargePoint Holdings, Stable Auto Corporation, U.S . Department of, Administration, U.S . Department of Energy, Royal, Emission Transportation Association, EVs, SQRL Holdings Locations: California , Arizona, New Mexico, Takoma Park, Md, Fulham, England, China, Netherlands, U.S, Local, Wawa, Florida, Arkansas

☆ Column: India's coal emissions set for new highs on low-grade imports
▼ + stars: | 2023-08-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Roughly 80% of India's thermal coal imports over the first half of 2023 came from Indonesia, South Africa and Russia, known for primarily exporting low-quality thermal coal which emits CO2 and sulphur dioxide when burned in power stations. India thermal coal imports from key supplierAround 7% of India's thermal imports came from Australia, supplier of some of the cleanest-burning coal on world markets. IMPORT SWINGSIndonesia has long been India's dominant supplier of energy coal, providing an average of 60% of the country's total thermal coal imports from 2017 through 2020, data from Kpler shows. That resulted in a rebound in India's total coal imports over the opening half of 2023 from the latter months of 2022. However, cost-sensitive power producers in India have prioritised ensuring coal supply over lowering coal-fired emissions, resulting in a deterioration in India's coal-fired power sector efficiency and a continuing climb in emissions.

Persons: Amit Dave, Ember, Gavin Maguire, Josie Kao Organizations: REUTERS, Reuters, Thomson Locations: Indian, Ahmedabad, LITTLETON , Colorado, Indonesia, South Africa, Russia, India, Australia, China, Ukraine, New Delhi, Tamil Nadu, Chhattisgarh, South Asia

That is by far the most ever spent on clean energy in a year. Solar and Wind Power Have Taken Off Electricity generation per year, in terawatt hours China 600 TWh 500 Solar Wind U.S. China 400 E.U. It would shred regulations designed to curb greenhouse gases, dismantle nearly every federal clean energy program and boost the production of fossil fuels. 1 2 3 4 5 Even Tulsa, with its strong links to oil and gas, is embracing clean energy. “But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”Around the country, clean energy is taking root in unlikely locales.

Persons: ”, Fatih Birol, Al Gore, Crews, Francis Energy, Dewey, Bartlett Jr, “, J.W, Peters, Mr, Lazard, Gregory Nemet, —, Biden, Tesla, Giovanni Bertolino, Jon Creyts, Steve Uerling’s, Uerling, Cathy Zoi, It’s, Mary Barra, ’, Barra Organizations: Buses, Port, International Energy Agency, India India, Energy, The New York Times, Heritage Foundation, Republican, Ford, University of Tulsa’s School of Petroleum Engineering, “ Oil, Drillers, Navistar, Public Service Company of Oklahoma, Francis, Solar Power, U.S . Steel, Gas, University of Wisconsin -, Panasonic, United, European Union, United States ’, General Motors, RMI, Ford Fusion, Tesla, Postal Service, Amazon, Peterbilt, Companies, Francis Energy, BMW Group, Honda, Hyundai, Kia, Benz Group Locations: Pittsburgh, Milwaukee, Port of Los Angeles, Houston, Europe, United States, America, China, Britain, terawatt, India, U.S, States, Beijing, London, Tokyo, Washington, Oslo, Dubai, Tulsa, Okla, Italian, Oklahoma, Oklahoma City, Texas, Galveston, In Arkansas, Republican, University of Wisconsin - Madison, Georgia, Korean, Nevada, tailpipes, California, New York, San Francisco, Canada, South Korea, Russia, Ukraine, Steve Uerling’s Tulsa, E.U, G.M

A worker turns a valve at an underground gas storage facility near Striy May 21, 2014. Stocks in the European Union and the United Kingdom had climbed to 998 terawatt-hours (TWh) by Aug. 6, according to Gas Infrastructure Europe ("Aggregated gas storage inventory", GIE, Aug. 8). But because inventories finished the winter of 2022/23 at a record high even a smaller-than-average accumulation has left them at record levels. Chartbook: Europe gas inventories and pricesFutures prices for gas delivered in the summer of 2023 have already fallen sharply to encourage more consumption by industrial users and power generators. Related columns:- High prices keep lid on Europe's industrial gas use (July 11, 2023)- Europe’s gas storage is filling too fast (July 6, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: Gleb Garanich, Stocks, John Kemp, David Evans Organizations: REUTERS, Gleb Garanich LONDON, European Union, Gas Infrastructure, Thomson, Reuters Locations: Striy, United Kingdom, Europe, Asia, Latin America

☆ Sweaty Europe can kill two birds with one pump
▼ + stars: | 2023-08-07 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +8 min

What may be less immediately obvious is that heat pumps are the best way to do both. In Europe, currently only 16% of residential buildings use heat pumps, according to a study from the European Heat Pump Association (EHPA) based on data from 21 countries including non-EU Britain and Norway, with 20 million heat pumps installed. On average buying and installing a heat pump could cost up to $13,000 compared to $2,500 for a gas boiler. Heat pump sales rose 35% in Italy last year, making it Europe’s second-biggest marketplace after France, EHPA data shows. To meet net-zero targets by 2030 EHPA estimates Europe would need 60 million more heat pumps installed by 2030.

Persons: Remo Casilli, Olaf Scholz’s, Joe Biden’s, António Guterres, George Hay, Oliver Taslic, Streisand Neto Organizations: Popolo, REUTERS, Remo Casilli LONDON, Reuters, International Energy Agency, IEA, European Union, Pump Association, Reuters Graphics, U.S . Energy Information Administration, Carrier, Mitsubishi Electric, Daikin Industries, El, El Corte Inglés, Thomson Locations: Italy, Rome, Europe, EU Britain, Norway, France, Germany, Poland, Brussels, Britain, United States, U.S, U.N, El Corte

☆ EDF swings back to profit in H1 thanks to price increases
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

Net income came in at 5.8 billion euros ($6.44 billion), compared to a loss of 5.3 billion in the first half of 2022. The earnings before interest, taxes, depreciation and amortization (EBITDA) reached 16.1 billion euros, from 2.7 billion euros a year earlier. Net debt rose slightly to 64.8 billion euros, from 64.5 billion euros at the end of 2022. The French state became the sole shareholder of the public utility after taking full control at the beginning of June. A government decision in 2022 to limit electricity price increases, as well as reduced power supply due to stress corrosion problems at several EDF reactors led to a record net loss of 18 billion euros in 2022.

Persons: Forrest Crellin, Benjamin Mallet, Silvia Aloisi Organizations: Electricite de, SA, PARIS, EDF, Thomson

☆ IEA says coal use hit an all-time high last year — and global demand will persist near record levels
▼ + stars: | 2023-07-27 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

According to the IEA, coal consumption hit a record high last year. Coal consumption increased by 3.3% to hit a fresh record high of 8.3 billion metric tons in 2022, the International Energy Agency said Thursday. According to the Paris-based organization's Coal Market Update, demand increased "despite a weaker global economy, mainly driven by being more readily available and relatively cheaper than gas in many parts of the world." Overall, the IEA said 10,440 terawatt hours were generated from coal in 2022, a figure that accounted for 36% of the planet's electricity generation. Looking ahead, the IEA said coal consumption in 2023 would remain near last year's record levels.

Organizations: International Energy Agency, IEA, European Locations: China, Paris, United States, India

☆ Global power demand growth to rebound in 2024 after slowdown, IEA says
▼ + stars: | 2023-07-19 | by ( Forrest Crellin | ) www.reuters.com time to read: +3 min

PARIS, July 19 (Reuters) - An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday. For 2024, the rate is expected to rise to 3.3%, as the economic outlook improves, the IEA data showed. The Paris-based agency predicted renewable energy would cover the expected growth this year and next and power from renewable sources would exceed one third of the total global power supply for the first time next year. In the first half this year, the EU recorded a 6% decline in power demand as energy-intensive industries, including aluminum, steel, paper, and chemical industries, cut their use in response to high prices. Increased use of cooling to cope with summer heatwaves is expected to drive the demand growth there this year.

Persons: Forrest Crellin, Barbara Lewis Organizations: International Energy Agency, European Union, EU, Thomson Locations: Paris, Spain, China, India, Ukraine, Europe, United States, Japan, Korea

☆ This startup that makes it easier to design solar projects just raised $100 million. Check out the 14-slide pitch deck PVcase used to raise the fresh funds.
▼ + stars: | 2023-07-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

PVcase, a software startup making it easier and faster to design solar projects, just raised $100 million. A solar design software startup has just raised $100 million in fresh funds. Lithuanian startup PVcase, which was founded in 2018, helps engineers plan and design solar energy projects via its software-as-a-service 3D modeling platform. The continued growth of solar meant that it's increasingly complex to develop big projects, Trainavicius said. PVcase could also include maintenance features when solar projects are up and running, such as predictive fixes.

Persons: Deividas Trainavicius, Trainavicius, it's, PVcase, What's Organizations: Lithuanian, Energize Ventures, Project Locations: Highland Europe, Lithuanian

Solar and wind power generation is set to triple by 2030, according to a new report from the Rocky Mountain Institute, leading to a disruption in the global electricity sector. According to the report, solar and wind power will fuel 33% of electricity generation in 2030, up from 12% in 2022. RMI predicts solar energy, which is already the cheapest energy source in history, will halve in price by 2030, continuing the dramatic downward trajectory of solar and wind energy costs. CNBC Pro used FactSet data to screen for companies that are well-positioned to outperform from the rise of solar and wind energy production. Maxeon shares have popped 68% in 2023 and could jump another 50%, per the average price target on shares.

Persons: Morgan Stanley, Andrew Percoco, Percoco, MAXN, — CNBC's Michael Bloom Organizations: Rocky Mountain Institute, RMI, CNBC, New York Stock Exchange, Nasdaq, Technologies, SolarEdge Technologies, Enphase Energy

CLIMBING CAPACITYA major driver behind Europe's broad gains in solar generation has been the steep increases seen in capacity additions throughout the continent. Europe installed solar capacity in key European marketsThe Netherlands lifted installed solar capacity by a record 51.5% in 2022, and overtook Spain as the region's third-largest solar capacity nation, while number four nation Spain increased solar capacity by just over 28%. FULFILLING POTENTIALWhile installed solar capacity is a critical first step in ensuring increased solar power generation in any country, a nation's theoretical solar generation potential is another vital factor that determines overall solar output. Turkey (4.32 kWh/kWp), Greece (4.14) and Italy (3.99) all also ranked relatively high on the solar potential table. Such significantly lower solar potential scores indicate far lower efficiency levels at solar production sites compared with those located further south in locations such as Spain and Greece.

Persons: Ember, Gavin Maguire, David Holmes Organizations: The World Bank, Reuters, Thomson Locations: Europe, Spain, Germany, France, Italy, Netherlands, Turkey, Greece

July 13 (Reuters) - High river temperatures that look set to restrict power output at two French nuclear plants that use river water to cool reactors may trigger increased fossil fuel-fired power output elsewhere due to Europe's extensive regional power trading. French power system in hot waterIn turn, any increased output from fossil fuel-fired power plants will likely lift regional power sector emissions, undermining regional efforts to accelerate cuts to all forms of industrial pollution. France is also Europe's second largest electricity generator behind Germany, producing roughly 470 terawatt hours (TWh) of electricity in 2022, compared to Germany's 582TWh, and 324TWh by Europe's third largest generator, the United Kingdom. France's high proportion of non-emitting nuclear power means that its power sector has by far the lowest carbon intensity of any major European economy, averaging around 85 grams of carbon dioxide per kilowatt hour of electricity produced. That compares to more than 385 grams in Germany, 257 in the United Kingdom, and 300 for Europe as a whole, Ember data shows.

Persons: Germany's 582TWh, Gavin Maguire, Jamie Freed Organizations: International Atomic Energy Agency, EDF, RTE, Reuters, Thomson Locations: France, Germany, Switzerland, Spain, Italy, United Kingdom, Ember, Europe, Belgium, Luxembourg

☆ Germany more flexible on hydrogen transition, emphasises speed - draft
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 12 (Reuters) - Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. The draft was seen by Reuters while being presented to the national hydrogen council prior to assessment and adoption by the Berlin cabinet. It will become a 2023 strategy update guiding stakeholders in production, transport and wholesale markets as well as infrastructure investors. The coalition government in 2021 installed a target of 10 gigawatts (GW) of green hydrogen production by 2030, which can receive direct financial support, doubling previous ambitions. There would be greater tolerance of fossil- and nuclear-derived hydrogen, partly with carbon sequestration until such time as renewables could fully meet hydrogen demand, Germany's draft paper said.

Persons: Vera Eckert, Christian Kraemer, Markus Wacket, Devika Organizations: Europe's, Reuters, EEX, Thomson Locations: FRANKFURT, Germany

LONDON, July 6 (Reuters) - Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24. Gas inventories across the European Union and the United Kingdom amounted to 889 terawatt-hours (TWh) on July 4, according to data from Gas Infrastructure Europe (“Aggregated gas storage inventory”, GIE, July 6). Chartbook: Europe's gas inventories and pricesFront-month futures prices have already fallen by 85% in real terms since August 2022 to encourage more consumption by electricity generators and industrial users as well as re-route liquefied natural gas (LNG) cargoes to Asia. Prices and spreads will continue to come under pressure until storage accumulation slows much further to avoid space becoming full before October. Related columns:- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe’s gas prices slide on swollen inventories (May 11, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)- Europe’s gas outlook transformed after mild winter (April 13, 2023)John Kemp is a Reuters market analyst.

Persons: Stocks, John Kemp, Emelia Sithole Organizations: European Union, Gas Infrastructure, Thomson, Reuters Locations: United Kingdom, GIE, Asia, Europe

☆ Column: German electricity generation still stunted despite lower prices
▼ + stars: | 2023-07-05 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

Germany January-June electricity generationBut unless power prices undergo a significant further and persistent decline, total German energy consumption - and output - may remain depressed and cause enduring economic harm. Despite persistently lower prices, German total electricity generation was 247 terawatt hours (TWh) in the first half, 12.4% lower than the 282 TWh generated over the same period in 2022. This shows the deep impact on total electricity consumption from sustained cuts to power use by certain production lines and smokestack plants. For German energy producers, subsidies are available to build renewable supply capacity from solar and wind sites, which can help lift total electricity supply relatively quickly and help end users decarbonise. And without further steep, sustained reductions in power costs in coming months, many of these businesses may risk permanent contractions or closure even though power costs have already retreated sharply from last year's peaks.

Persons: Gavin Maguire, David Gregorio Our Organizations: Reuters, Thomson Locations: Ukraine, Europe, Germany

☆ Hydropower IPO tests appetite for weather risks
▼ + stars: | 2023-06-28 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, June 28 (Reuters Breakingviews) - A jumbo hydropower listing may define how investors assess extreme weather risks. Over the last decade, hydropower has been the largest source of clean energy, International Energy Agency data shows. At the top of the range it would raise up to 2 billion euros and be Europe’s largest IPO so far this year. Alarmingly, Hidroelectrica’s gross hydropower generation fell about 15% last year from its annual average of 15.9 terawatt-hours in the decade to 2022. The IPO carries a price range of between 94 Romanian lei and 112 lei (18.95 euros and 22.58 euros) per share, giving the company a potential market capitalisation of 42.3 billion lei to 50.4 billion lei (8.53 billion euros to 10.16 billion euros), Hidroelectrica said in its prospectus.

Persons: Romania’s, Austria’s Verbund, Bogdan Nicolae Badea, Hidroelectrica, Fondul Proprietatea, Franklin Templeton, Lisa Jucca, Oliver Taslic Organizations: Reuters, International Energy Agency, World Bank, Alarmingly, Investors, U.S, Thomson Locations: Europe, Romania, Ukraine, Romanian, China, France

LONDON, June 8 (Reuters) - Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting liquefied natural gas (LNG) cargoes to Asia. The surplus has narrowed from +282 TWh (+80% or +2.41 standard deviations) at the end of the traditional winter drawdown season on March 31 (“Aggregated gas storage inventory”, Gas Infrastructure Europe, June 8). Chartbook: Europe gas inventories and pricesInventories have responded to lower prices, with front-month futures prices down by more than 90% from its peak in August 2022. Lower prices in Europe are also diverting more LNG cargoes to price-sensitive customers in South and East Asia for power generation. Related columns:- Europe’s gas prices slide on swollen inventories (May 11, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Susan Fenton Organizations: European Union, Gas Infrastructure, Thomson, Reuters Locations: Asia, United Kingdom, Gas Infrastructure Europe, Chartbook, Europe, South, East Asia

☆ France braces for power demand surge driven by EVs, alternative fuels
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

To meet that goal, electricity is needed both to power the electric vehicles (EVs) and the battery plants automakers need to produce them. Over the decade to 2035, RTE projects an average of 350 TWh of nuclear power availability per year. Nuclear energy has typically supplied around 70% of France's supply and will remain dominant, but renewable supplies will also increase. New onshore wind and solar power are expected to dominate renewable growth until 2030. Offshore wind power is expected to overtake as the leading source of growth between 2030 and 2035.

Persons: Forrest Crellin, Barbara Lewis Organizations: RTE, European Union, Thomson Locations: France, Europe, Ukraine

☆ In major milestone, wind power was Britain's largest source of electricity in the first quarter
▼ + stars: | 2023-05-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The Gwynt y Mor offshore wind farm, in waters off the coast of Wales. The U.K. is home to a mature offshore wind sector. Wind power was Britain's biggest source of electricity in the first quarter of 2023, overtaking natural gas and highlighting the increasingly important role renewables are set to play in the years ahead. According to researchers at Imperial College London, wind turbines provided 32.4% of Britain's electricity in the first three months of the year. Wind turbines, according to the analysis, produced 24 terawatt hours of electricity.

☆ Column: China's manufacturing wobble may drive coal use even higher
▼ + stars: | 2023-05-02 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

China on track to hit record coal use and coal power emissions levels in 2023Emissions from that record coal generation total also hit a new high, topping 1.14 billion tonnes, Ember data shows. Further increases in China's coal imports are likely as the peak demand period for air conditioning kicks in over the summer. For cost-conscious power producers, the wide price spread between thermal coal and natural gas will also be supportive for coal imports, even if cleaner-burning natural gas can also be used for power generation. In Guangdong province, home to one of China's largest manufacturing hubs, natural gas prices are currently trading around 5,500-5,700 yuan per tonne, according to data from Refinitiv. Over time, stronger global consumer demand may give China's power producers scope to switch out dirty coal for more costly but cleaner gas, which would help drive China's power emissions lower even as industrial output climbs.

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