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'Europe has avoided the worst of the crisis': EU renewables overtake gas power in 2022

Business Green

The findings, published by energy think tank Ember, suggest Europe weathered a "triple crisis" in the energy sector last year, as the industry faced soaring costs, a scramble to wean the continent off Russian gas supplies, and the lowest levels of hydro and nuclear generation in two decades. Any fears of a coal rebound are now dead."

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E.ON plots European electricity infrastructure investment spree

Business Green

has bolstered its investment plans across Europe for the coming four years, arguing energy transition presents a major growth opportunity for its business. CEO Leonhard Birnbaum said the company's investment programme would depend on the right policy frameworks being introduced. "We At a press conference this morning, E.ON

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Britain becomes net exporter of electricity for first time in a decade

Business Green

New study reveals Britain exported more power to Europe than ever before in the second quarter of the year, making it a net exporter of electricity for the first time in over a decade. The 5.5TWh of exported power represented a new quarterly record.

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Crumbs of consolation? What the budget offered

Envirotec Magazine

Citizens care less about short-term tax cuts and more about long-term investment in public services and getting help with their energy bills, so in that sense the Chancellor had “failed to ‘read the room’”, said Ashden.

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EU Scientists and Politicians Clash Over Gas and Nuclear as ‘Sustainable’ Investments

DeSmogBlog

The European Union’s scientific and political communities are locked in a battle over whether gas and nuclear can be considered green investments. It’s a “green investment guidebook,” said Henry Eviston, spokesperson on sustainable finance at WWF European Policy Office. " — FORATOM (@FORATOM_nuclear) January 4, 2022.

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Cryptominer taps underutilised nuclear energy on Georgia grid

Smart Energy International

The company’s second project, which doubles its capacity from 8MW to 16MW, includes an additional four EZ Blockchain mobile data centres and involved an investment totalling over $1 million. Blockchain energy consumption should be transparent in Europe – a call 100% renewable powered Bitcoin mining facility to prove concept.

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IEA net zero update reiterates need for rapid grid expansion

Smart Energy International

The IEA’s updated Net Zero Roadmap identifies the doubling of grid investments by 2030 as a key milestone for the electricity sector towards its net zero scenario. Thereafter the investment also needs to remain at a high level, approaching a peak of $1.1 trillion by 2040 before dropping back to around $850 billion by 2050.