Search Results for power system
Technology Breakthroughs are Unlocking Geothermal Energy’s Vast Potential in Countries Across the Globe
With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the world, according to a new IEA report. The report, The…
Huge Response to Projects for Standalone Energy Storage in Bulgaria
During this year, Bulgaria announced a call for grants for standalone energy storage units. The Bulgarian Ministry of Energy then prepared over 580 million euros in grants for these projects. The proposals received for the RESTORE program, initiated by the…
Safety of Electric Vehicles – Challenges and Opportunities
Electromobility is already present and is an integral part of the path towards climate neutrality. Although trust in this technology is not yet fully established, this is a natural process of adaptation and familiarization with innovations. Every innovation brings numerous…
ADEX Group Acquires HUPX – A New Era in Regional Electricity Trading
The first regional energy exchange for Central and Southeast Europe, ADEX Group, has announced the successful acquisition of the Hungarian Power Exchange (HUPX), laying a solid foundation for enhancing liquidity, integration, and transparency in the electricity market in Central and…
Forests vs. Coal – What Are Montenegro’s Climate Challenges?
The recent Country Climate and Development Report – Montenegro, published by the World Bank, examines the country’s path toward achieving climate goals, emphasizing the need for strategic investments and the implementation of effective policies. Like other Western Balkan countries, Montenegro…
European Commission Invests 2.4 Billion Euros in Green Technologies
The European Commission has announced a new call for proposals under the Innovation Fund program, aimed at supporting the development of low-carbon technologies. The total budget of the call amounts to 2.4 billion euros, with the goal of strengthening European…
Construction Progresses on the „Kostolac” Wind Farm
The construction of the „Kostolac” wind farm is currently underway, set to provide electricity for over 30,000 households. This 144 million euros investment is financed through German development cooperation: KfW Bank has provided a 110 million euros loan, while the…