International Petroleum Corporation exceeded its operational targets in the third quarter, strengthened its financial position and brought forward production from its Blackrod project in Canada.
Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.
An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.
The two partners finalise agreements to industrialise an eMethanol production site in Umeå, with commissioning scheduled for 2028 and a target of capturing 150,000 tonnes of CO₂ annually.
A technical study commissioned by Novatron Fusion Group identifies Finland as the most prepared country to host a fusion reactor, despite favourable conditions across the Nordic region.
Lyten has completed the acquisition of the Northvolt Dwa site in Poland, Europe’s largest energy storage system factory, and plans to deliver its first commercial units before the end of 2025.
Metacon acquired components from the bankruptcy estate of Hynion Sverige AB for SEK3.5mn ($320,000), aiming to support its hydrogen refuelling station projects in Sweden.
Swedish company Liquid Wind has secured €3.6mn in public funding for the engineering phase of its eMethanol plant, integrated into a biomass-fuelled cogeneration site.
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
The Swedish government aims to establish a right to compensation for operators if a political reversal leads to the early shutdown of nuclear plants, in a move to reduce investment risks.
Swedish firm Metacon has secured a EUR7.1mn ($7.7mn) contract to deliver a 7.5 MW electrolysis plant to Elektra Power SRL, marking its operational entry into the Romanian market.
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
The Swedish energy group aims to produce 9TWh per year with its Storlandet project, intended to meet rising demand from the mining and steel industries in the north of the country.
International Petroleum Corporation has completed its annual common share repurchase programme, reducing its share capital by 6.2% and is planning a renewal in December, pending regulatory approval.
US-based Oklo and Sweden’s Blykalla join forces to coordinate supply chains and regulatory data sharing to accelerate the commercial deployment of their metal-cooled small modular reactors.
The Swedish government proposes a $23.4bn budget framework in its 2026 bill to support the construction of new nuclear reactors through loans and price hedging mechanisms.
Fortum, a major energy player in Finland, believes that electricity prices on the Nordic market are not sufficient to make new nuclear projects profitable, despite ambitions in Sweden and Finland.
Orsted booked 3.9 billion kroner in impairments in the second quarter of 2024, mainly due to delays on its Revolution Wind offshore wind project in the USA.
The Ukrainian government categorically rejects the Wall Street Journal's accusations of possible involvement in sabotaging the Nord Stream gas pipelines in 2022, calling them "absolute nonsense".
SeaTwirl AB and Serica Energy sign an agreement to study the integration of floating wind turbines on Serica's offshore platforms in the North Sea, with the aim of reducing carbon emissions.
Sweden and the USA sign a memorandum of understanding to intensify collaboration in advanced nuclear technologies, including modular reactors and waste management.
The USA and Sweden announce a cooperation agreement for the development of nuclear energy, including small modular reactors (SMRs) and nuclear waste management.
The EU has adopted sanctions against Russian LNG, impacting transshipment operations and the supply of technology, with major implications for the European energy market, according to a report by Oxford Energy.
First Solar has inaugurated a research and development center in Lake Township, Ohio, marking a strategic step towards strengthening its leadership in thin-film photovoltaics.
Stockholm Exergi has chosen Air Liquide's Cryocap™ LQ technology for its BECCS project, aimed at liquefying and sequestering eight million tonnes of CO2 over ten years.
The wind turbine protection market, valued at 1.7 billion USD in 2024, is expected to reach 2.8 billion USD in 2029, with an annual growth rate of 10.5%.
SEK 400 million contract between Cortus and Nordbex for delivery of a 60 MW WoodRoll® biomass power plant in Scandinavia, with options for four other plants.
A study reveals that Germany could import up to 100 TWh of green hydrogen per year via pipelines by 2035, meeting a significant proportion of its projected energy demand.
Eolus is seeking approval to build the Skidbladner offshore wind farm, with an annual output of 11.7 TWh, equivalent to half of Stockholm County's electricity consumption.
Only four of the EU's twenty-seven member states have submitted their updated roadmaps for achieving the 2030 climate targets. France is one of the laggards.
Europe is struggling to increase its production of the rare earths needed for the energy transition, but faces many challenges in meeting its ambitious targets.
Kärnfull Next and Latona Group are working together to develop an SMR site in Valdemarsvik, targeting sustainable energy production and local economic opportunities.
