EU data centres shift south, pressuring demand and prices
Artificial Intelligence''s need for computing power will require the scaling up of data centres over the next decade. Europe''s data centre market is heading for a fivefold boom by 2032 and tech giants are seeking out virgin territories with sufficient space to build their new complexes. Reporting by Alina Trabattoni, Italy Correspondent, Montel.
French TSO warns of new power export curbs from next Monday
"From 29 July to 26 August, the cumulated net values of cross-border commercial flows between France and its eastern bordering bidding zones (Belgium, Germany, Switzerland, Italy) exceeded 8 GW 35% of the time", it said. Not important? However, Clement Bouilloux, head of Montel Analytics in France, said the cuts were not "so important".
Austria rushes to avoid gas supply squeeze
Austria is heavily reliant on Russian gas, with around 80% of its imports still coming from Gazprom. But this supply route could be cut off at the end of December, as Ukraine is unlikely to renew the transit deal that allows Russian gas to flow into Austria.
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Panel discussion: The future role of power exchanges in...
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Insights for a Better Energy Future: Montel Group''s
Listen to Montel Group CEO Tom Nyblin as he shares Montel''s journey from startup to leading energy news, data, and insight provider. Discover our vision for the future of sustainable energy and visit montelgroup to
Join us for German Energy Day 2024
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Europe may have 5 GW of SMR capacity by 2035 – Eurelectric
(Montel) There could be as much as 5 GW of nuclear capacity in small modular reactors (SMRs) online in Europe by the mid-2030s, lobby group Eurelectric secretary general Kristian Ruby said late on Tuesday. Switzerland, Finland, Belgium and Bulgaria still rely heavily on nuclear power. According to the European Commission, SMRs could also
Austrian Energy Day 2024
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Could France''s green transition be derailed by poor grid...
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France at risk of "significant" power export curbs from August | Montel
(Montel) French TSO RTE has warned of "significant" power export curbs from August until mid-October due to domestic grid constraints, market participants told Montel. The TSO "did its best to solve the issue first by limiting exports towards Italy and Switzerland and when that was not enough, they had to reduce the flows everywhere
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New trading firm Panem to supply Kazakh coal to EU
(Montel) The new Swiss coal-trading firm Panem has begun trading, with a focus on supplying up to 5m tonnes/year coal from Kazakhstan to Europe, a company source told Montel exclusively on Monday. Montel Group; Login Montel Online; newsdesk@montelnews +47 22 99 42 00
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Benelux Energy Day 2024
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France stays top EU power exporter in H1 with 31% rise
Meanwhile, Italy remained Europe''s largest net power importer at 25.4 TWh, of which 9.4 TWh came from France and 10.3 TWh from Switzerland. Britain ranked second, taking in 18.9 TWh of imports. Italian power prices
Germany''s energy regulator probes insider trading claims
Germany''s energy regulator – the Federal Network Agency – is scrutinising allegations of insider trading in the country''s power market first reported by Montel in June. The allegations relate to a confidential signal grid operators provide to select companies to keep power networks in balance.
Belgium demands probe into "massive" French power export curbs | Montel
(Montel) Belgium''s energy regulator Creg is calling for a joint French/Belgian probe into "massive" curbs on France''s power export capacity on its eastern borders seen over the last month, it told Montel. Switzerland and Italy "combined with network unavailability, including essential maintenance in the Lyon region", it told
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Aarhus – Europe''s energy trading hub
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Europe''s gas market forecast – bearish or bullish?
Price swings on the European gas market are notoriously difficult to predict. With gas storage facilities 93% full two months ahead of schedule and the heating season still a few weeks off, the short-term forecast for some market participants is bearish, but what factors are at play and what wildcards can we anticipate for the coming months?