Electrical Industry News for June 2023
Volta Trucks are pleased to announce that it has been shortlisted for the Innovation Award at the prestigious Motor Transport Awards 2022, in partnership with Goodyear. Motor Transport Awards 2022 This award recognizes that the road transport sector is going through unprecedented levels of change, as it strives to deliver great service, while cutting emissions, improving safety, and addressing the skills shortage all while delivering a profit. This Award is for the most innovative...
RWE is moving ahead with the expansion of renewable energies in Germany: RWE has already significantly strengthened its team for the onshore and solar business, which has a very regional focus. Of the 200 vacancies, around 50 have already been filled by new colleagues. They will intensively drive forward the project development of onshore wind power and ground-mounted photovoltaics (PV). RWE opens seven New offices in Germany The company has also opened seven offices in Germany since the begi...
Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has confirmed the selection of Carrier Transicold as the sole supplier of refrigerated equipment for the full-electric 16-tonne Volta Zero. Carrier Transicold is a part of Carrier Global Corporation, the global provider of healthy, safe, sustainable, and intelligent building and cold chain solutions. The supply agreement follows a project in which Carrier Transicold engineers worked closely with th...
RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% p.a. and an issuance price of 99.652%. For the second tranche, the yield-to-maturity amounts to 2.9%, based on a coupon of 2.75% p.a. and an issuance price of 99.287%. The issuance met with strong interest from investors. G...
RWE is well on track to become a pioneer in the floating wind and to have one gigawatt either in operation or under construction by 2030. To gain experience early and pave the way for commercial-scale floating wind, RWE is participating in multiple high-profile floating demonstration projects like the DemoSATH pilot project with Saitec Offshore Technologies. Pre-lay of the mooring system In early May, the anchor-handling vessel Maersk Mariner completed the installation of six mooring li...
RWE Gas Storage West is contributing towards ramping up the European hydrogen economy as part of the GET H2 initiative. In this context, a new section for hydrogen is to be constructed at the natural gas cavern storage facilities at Kottiger Hook by 2026. Most of Germany's first commercial hydrogen cavern storage facility is to be built on the existing RWE site. environmental impact assessment RWE submitted the required planning notice to the district government in Arnsberg, formally starting...
Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has revealed the forthcoming 7.5- and 12-ton Volta Zero variants – the second product family in its full-electric vehicle range. The 7.5- and 12-ton Volta Zeros have been designed by Volta Trucks’ partner, Astheimer Design in Warwick, UK alongside Volta Trucks’ own engineering teams. The new full-electric vehicles bear a close but evolutionary visual relationship to the larger 16-...
RWE has signed an agreement with the Danish grid operator - Energinet for its Thor Offshore Wind Farm. The agreement regulates the technical set-up, the power quality, and the cooperation between RWE and Energinet, at the point of connection (POC) in Volder Mark. With a planned capacity of around 1,000 megawatts (MW), Thor will be Denmark’s largest offshore wind farm to date. The wind farm will be built off the Danish west coast approximately 22 kilometers from the port of Thorsminde. 22...
Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has revealed its first ‘Volta Trucks Hub’ that will deliver its Truck as a Service customer-focused operations as the first full-electric Volta Zeros start customer evaluation in mid-2022. This important milestone confirms the first location where vehicles will be serviced and maintained in Paris, with confirmation of the London Hub location due shortly. ‘Volta Trucks Hub, Paris...
The Governing Board of the International Energy Agency (IEA) has voted unanimously to reappoint Dr. Fatih Birol as Executive Director, giving him strong backing to lead a new era for the IEA. His reappointment, for a third term, comes at a pivotal moment for the IEA amid heightened awareness that clean energy transitions must be not only rapid but also secure. 2022 IEA Ministerial The vote to reappoint Dr. Birol took place during the 2022 IEA Ministerial The vote to reappoint Dr. Birol took...
Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has continued its latest tour of European launch cities with a viewing of the Volta Zero in Milan, Italy. The event offered prospects, customers, media, and policy makers the opportunity to see the world’s first purpose-built full-electric medium-duty commercial vehicle and understand how it will make a significant contribution to the safety and decarbonization of Italian cities. Zero tailp...
As part of the GET H2 initiative, RWE Gas Storage West intends to build a hydrogen storage facility in Gronau-Epe by 2027. Storage facilities are also an important part of future European infrastructure for green hydrogen. Most of the facility is to be built on the RWE site at Kottiger Hook. The connection of the cavern to the above-ground facility as well as the connection to a future hydrogen transport network will be made through pipelines outside the storage site. IPCEI funding Toge...
The International Energy Agency (IEA) is monitoring with growing concern Russia’s recent statements and actions, and their potential implications for energy markets. The IEA is continuing its consultations with its member countries and key partners on appropriate measures to ensure energy security. IEA Member Countries stand ready to act collectively IEA Member Countries stand ready to act collectively, in order to ensure that global oil markets are adequately supplied While the specif...
Kwasi Kwarteng, UK Business and Energy Secretary, and Jonathan Brearley, Ofgem’s Chief Executive have issued a joint statement - “The recent increase in wholesale global gas prices continues to be a cause of concern for consumers, businesses and energy suppliers across the UK. We want to be clear that this is not an issue of supply – the United Kingdom benefits from having a diverse range of gas supply sources with capacity that can more than meet demand.” The joint stat...
The Annual Shareholders’ Meeting of the Essen-based energy company - E.ON has supported the Management’s path to greater sustainability with a large majority. Among other things, it approved the new compensation system for the Board of Management. It sets an incentive for successful and sustainable corporate management and ties the compensation of Board of Management members to the short-term and long-term development of the company. E.ON Sustainability Index Sustainability target...