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Top 5 stories of the week: 2 – 8 June

1. First Budapest Geothermal Summit in the books

This week, we covered the first-ever Budapest Geothermal Summit in the heart of the Hungarian capital, bringing together experts and industry leaders from over 25 countries. The Summit highlighted the “enamours” potential of the Pannonian Basin, with a particular focus on the opportunities of the earth’s natural heat for the region’s district heating systems and industrial power supply. Read the full story here.

2. “Stainless green”

Steel is a global product with well-integrated supply chains whose lead markets include construction, automotive industries, and mechanical engineering. At the same time, the iron and steel industries make up 7-9 per cent of the global greenhouse gas emissions. In a final article in our series on sustainable finance, the International Sustainable Finance Centre explored possible pathways for the steel industry to become green. Read the full story here.

3. Estonia’s first large-scale energy storage set to take shape

Estonian energy company Eesti Energia said that it is looking into a launch of Estonia’s first pilot project for a large-scale energy storage device in the second half of next year. Eesti Energia looks to assess whether such infrastructure could be suitable both in the country and the company’s other retail markets. Read the full story here.

4. Can geothermal be Europe’s next industrial power supplier?

It could be a good alternative renewable energy source for industrial consumers, Deloitte’s Miklós Zaránd and Tamás Pazsiczky told CEENERGYNEWS in an interview leading up to the Budapest Geothermal Summit. During our conversation, we discussed today’s regulatory landscape for geothermal energy in Europe, including REPowerEU, Hungary’s geothermal energy policy and the competitiveness of geothermal compared to other renewable sources. Read the full story here.

5. Poland takes another step towards zero-emission transport

As previously reported, Poland’s competitive lithium-ion battery industry may shape the country into a regional leader in electromobility. This momentum looks to continue with new progress in the country’s electric vehicle roll-out: Poland’s National Fund for Environmental Protection and Water Management and Polish power company Energa Operator signed an agreement to increase the connection capacity of the main supply points for the development of EV charging stations. Read the full story here.

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