Stegra has agreed in principle on €1.4 billion in new financing to complete the construction of what would be the world's first large-scale green steel plant, located in Boden in northern Sweden.
EDF chairman Bernard Fontana stated that financial aid will be targeted at low income households, providing up to €1,000 towards the cost of installing a heat pump. This can be combined with existing government aid schemes for heat pumps, resulting in a total out-of-pocket cost of €3,000 for installation, which is less than the cost of a replacement gas heating system.
The group points out, correctly, that the grid is designed for brief bursts of high demand; most of the time there's lots of capacity that goes unused. Utilize thinks that should change. The group argues that smarter ways to use that capacity already exist. Utilize name checks a number of those solutions, including battery storage, demand response, and virtual power plants, all of which have emerged en masse over the last decade, but remain under utilized.
At a meeting at the Paris headquarters of the intergovernmental body dedicated to global energy security, Wright referred to the "destructive illusion" of the IEA's commitment to massively reducing greenhouse gas emissions sourced from fossil fuels. The US, one of 45 member and associate countries of the IEA that represent 75% of the world's energy demand, is threatening to withdraw from the body if it does not quit its energy transition goals in the next year.
While the abrupt end to your home chef experience is inconvenient, the bigger issue is that your gas furnace still needs electricity to run, and it's supposed to drop into the 20s overnight. Now imagine that while everyone else is rifling through their junk drawer for flashlights and batteries,
When Specian dug into the data, he discovered that implementing energy-efficiency measures and shifting electricity usage to lower-demand times are two of the fastest and cheapest ways of meeting growing thirst for electricity. These moves could help meet much, if not all, of the nation's projected load growth. Moreover, they would cost only half-or less-what building out new infrastructure would, while avoiding the emissions those operations would bring.
Solar and wind power provided more electricity than coal and gas last year, leading a global trend, said think tank Ember. Solar and wind power outperformed fossil fuels in the European Union for the first time last year, a new high watermark on Europe's transition to green and autonomous energy. The two sources of energy generated 30 percent of EU electricity, compared with 29 percent for coal and gas, Ember, a global energy think tank, said on Thursday in its European Electricity Review.
The US is now leading a global surge in new gas power plants being built in large part to satisfy growing energy demand for data centers. And more gas means more planet-heating pollution. Gas-fired power generation in development globally rose by 31 percent in 2025. Almost a quarter of that added capacity is slated for the US, which has surpassed China with the biggest increase of any country.