EU approves sale of ArcelorMittal’s steel assets to Liberty House

It was a condition set by the Commission for its acquisition of Italian steelmaker Ilva

Solutions sought for ‘next biggest energy priorities’

EIT InnoEnergy is seeking to fund projects that address the circular economy and mobility

Sausages and burgers
Fancy a veggie disc? Or maybe a vegan tube?

The terms ‘vegetarian burger’ and ‘vegan sausage’ could be banned under new EU laws

Gas
Italy to lead new-build underground gas storage capacity up to 2023

Analysts expect the nation’s 14 planned and announced facilities will make up 35% of European installations over the period

Wind investment
Vortex Energy completes the sale of stake in 998MW wind portfolio

The firm has now sold its ownership of 56 operational wind farms spread across Spain, France, Portugal and Belgium

Electric Volvo truck
Volvo’s electric trucks hit Europe

The first vehicles have been bought by German logistics company DB Schenker and Swedish recycling company Renova

Europe largest region for renewables M&A last year

The region also contributed the most to global power and utilities deals last year

Mitsubishi snaps up 20% stake in OVO Energy

The supplier will use part of the investment to accelerate the development of its intelligent energy technologies unit

Drax becomes ‘world’s first’ bioenergy plant to capture carbon

The £400k pilot is using C-Capture’s innovative technology to capture a tonne of CO2 a day from the gases produced when power is generated using biomass

EU flags
Europe’s power sector ‘can be decarbonised by 2045’

A new report published by EY suggests this will need to be enabled by substantial investment, innovation in smart grids and flexible business models