RWE will review its options for newbuild flexible power generation
RWE questions role of gas in transition
German utility is reviewing its fuel options for new generation capacity as the Ukraine war hits energy markets with full force, CEO Markus Krebber says
Russia’s invasion of Ukraine has raised doubts about the role of natural gas as a bridging fuel in the energy transition in Europe and strengthened the case for hydrogen-fuelled power plants, according to German utility RWE. The company says that, as a result, it will review its options for newbuild flexible power generation to back up intermittent renewables. Before the Ukraine crisis, RWE and other German energy companies had planned significant new investment in gas-fired generation, many with hydrogen-ready turbines, and the government had acknowledged the important role of gas in the transition as a provider of flexible power. “With the phase-out of nuclear and coal, we need flexible ba
Also in this section
5 December 2024
Completion of phase-one construction expected in 2027 as technology providers SLB and Linde take equity stakes in one of world’s largest CCS projects
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
