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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA.

Russia 458
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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. This will enable the annual EU production of 10 million tons of renewable hydrogen by 2030, set as target in the March 2022 REPowerEU Communication.

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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

Russia 186
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.

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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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itself will focus on renewables, distribution networks, and customer solutions. SE will have three core businesses: renewables, distribution networks, and customer solutions. has established leading positions in conventional power generation in Europe and Russia. SE shareholders. SE shareholders. In 2015, E.ON —E.ON

Power 244
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Nornickel, Rosatom and FESRC to design and build LNG-icebreaker to escort Nornickel ships along Northern Sea Route

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Nornickel has been modernizing and expanding infrastructure in port cities, as well as increasing and renewing its fleet to handle the increased cargo traffic. The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options.

Design 195
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German official calls for “Tesla Speed” efforts to shift away from Russian gas

Teslarati

Gas is among Germany’s most important energy sources, and about 55% of it is imported from Russia. Considering the war between Russia and Ukraine, however, an expedited timeframe may be pertinent. ’ Nevertheless, we have to try the unrealistic in some form now,” Habeck said. .’ Quotes courtesy of Euractiv.

Gas 98