Under EU State aid rules, the European Commission has given the green light to a €265 million Swedish measure to support H2GS AB in establishing a large-scale green steel plant.
The agreement was signed in Shanghai by Sanjeev Gupta, Executive Chairman of LIBERTY Steel Group, and Xiao Peng, Chairman of CISDI Engineering Co. Ltd.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Holcim Romania has made an investment of over €700,000 in the Stăncești aggregates plant.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
