How can solar and wind power be stored for when electricity is needed? An old technology could be the answer, with several large-scale projects underway around the world. “It’s simply fantastic,” says Professor Andrew Blakers.
BusinessFinnish energy group Fortum reports unexpectedly weak results for the third quarter, although sales revenue increased more than expected.
BusinessGoogle is investing 13 billion euros in new AI capacity and clean energy in Finland. It will be the IT giant's "largest single investment in Europe, and a testament to Finland's leadership in responsibly building AI infrastructure," the company writes.
TechnologyA project company owned by the Finnish energy group Fortum has applied for government support to build new nuclear reactors next to the existing nuclear power plant in Oskarshamn.
BusinessElectricity risks becoming prohibitively expensive this winter, surpassed only by the crisis year of 2022. But locking in a price now? Well, that could be even more expensive.
BusinessThe electricity price in Sweden in areas 3 and 4, i.e. south of Borlänge, has jumped. From a daily price of 25 and 39 öre per kilowatt hour on Tuesday to a daily price of 94 öre and around 1 krona and 30 öre on Wednesday.
BusinessFinnish energy group Fortum, one of Sweden's major electricity suppliers, reports adjusted operating profit of EUR 106 million for the second quarter of the year.
BusinessThe date when Ringhals 4 can be fully operational again has been pushed back. The plan had been to bring the reactor fully online on Friday, but on Thursday the date was postponed twice.
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