Andy Brown OBE

Volatility & uncertainty of fossil fuel prices, rising environmental levies and increasing CO2 force industrial players to rethink and decarbonize process heat. => "Green Heat as a Service" solutions are readily available, are economically attractive and provide long term predictability. Looking forward to discuss our solutions with clients 27./28. May at the Energy Summit in Lisbon. #Lumenion #econnext

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Yesterday, the Portuguese energy regulator #ERSE hosted the annual Trilateral Workshop that is organised by MEDREG - Mediterranean Energy Regulators , Council of European Energy Regulators (CEER) and the Energy Community in Lisbon. The workshop represents an important platform for the associations’ members to discuss the most recent dynamics in the energy market and their effect on the final consumer. The overarching theme explored the future of energy markets, consumer empowerment, and the role of effective communication in driving the energy transition. I presented to all members how the Greek Energy Regulator RAAEY has enhanced transparency in energy supply contracts by introducing the color coding. #consumerempowerement #transparency

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Great to see again former Italian Prime Minister and Delors Institute President Enrico Letta in Athens at the Greek Prime Minister’s Opening Gala Dinner after a panel discussion with Kyriakos Mitsotakis focusing on European politics, and #EnergyTransition & security, including Trans-Atlantic relations. The former Italian premier said Europe needs to have all 27 onboard, adding that the single market is the biggest achievement of the EU highlighting the importance of #Innovation. Letta also called for the creation of a strong #EU structure to implement the #GreenDeal in order to accompany these financial changes, proposing to the EU leaders to combine private and public market to support the most vulnerable citizens and small businesses with the green transition.

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According to data from SENER, by 2032, the industrial sector will use natural gas as its main fuel demand, representing 66% of total consumption. #NaturalGas #CoastoilDynamic #OilAndGas

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👍As you know, one of the core legislative instruments of the #EUElectricityMarketReform is the new Regulation 2024/1747 to improve the Union’s electricity market design (published in the Official Journal of the EU on 26th June🗓️).   ✅In this context, much has been commented about the pros & cons of this Regulation, but... you know what… 🎬the true #EUElectricityMarketReform #EMD will start next 🗓️16th July with the enter into force of this key legislative text and consequently with its #Implementation phase.   ✅The current electricity prices scenario in Europe has nothing to do with the one that triggered the political negotiation about the new electricity market design #EMD in late 2022 and 2023, and this better “energy atmosphere” is precisely what should facilitate the proper #Implementation of this Regulation with regard to both #Timing and #Impact.   ✅I leave you below a #timeline with some milestones that might help you follow up and navigate the implementation of the long-debated #LongTerm market instruments as key componentes of the #EUElectricityMarketReform   🤞Intense months and years are coming to implement many things … but motivating ones towards #MoreEurope #MoreMarkets and #MoreDecarbonization.

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Just released the special report from the International Energy Agency (IEA) provides an #energy action plan for #Ukraine and its partners to help the country meet its energy needs through the challenging months ahead. Worth reading! https://lnkd.in/gsHnQv6N 

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Cogeneration has a vital role to play in enabling the energy transition whilst also enhancing the competitiveness of Europe’s industries (Press Release – 18 April 2024) At the Special European Council in Brussels today (18 April), political leaders from the 27 EU Member States took part in a high-level strategic exchange on the EU’s agenda for 2024-2029. Feeding into the debate, former Italian Prime Minister Enrico Letta presented his report on the future of the EU’s single market. Delivering on the EU’s climate and energy ambitions in a way that also reinforces the #competitiveness of Europe’s industries is a key theme in the debate. Clean energy technologies must be scaled up at higher speed, with the help of both private and public financing. Europe’s single market can play an important role in supporting the transition to a more efficient energy system with more #renewables and less emissions. Cogeneration technologies have a vital role to play in enabling the energy transition by making the most efficient use of low carbon and renewable fuels such as #biogas, #biomethane and (green) #hydrogen. As one of the industries with a strong manufacturing base in Europe, the #cogeneration sector is committed to the creation of a resilient, decentralised and carbon neutral European energy system by 2050. Cogeneration technologies currently produce 12% of the #electricity and 15% of the heat used in the EU, including 70% of all the heat that is distributed via district heating networks. Moreover, half of the total #CHP capacity (i.e. around 60 GW of electrical output) is embedded in Europe’s key industries such as alumina, ceramics, chemicals, food & drink, pulp & paper and others. By using energy more efficiently, cogeneration is responsible for avoiding 15 bcms of additional gas consumption and preventing 150 million tonnes of CO2 emissions every year across the whole of the EU. In the future, cogeneration will continue playing an important role, adapting to the evolving needs of consumers and the energy system. Cogeneration plants and installations are capable of running on a range of renewable and low carbon sources, including biomass and renewable gases such as hydrogen. Moreover, it will be critical to ensure security of supply and resiliency cost-effectively, as our energy systems move towards higher shares of intermittent renewable power and higher electrification. Commenting on today’s EU Summit, Hans Korteweg, Managing Director of COGEN Europe, said: "COGEN Europe’s welcomes today’s high-level discussions on a strategic EU agenda for the next five years. Climate and energy must be at the core of this debate, with a focus on #decarbonisation, resilience and cost-effectiveness." "In this context, cogeneration has a vital role to play in enabling the energy transition, whilst also enhancing the competitiveness of Europe’s industries." Press Release ➡ https://bit.ly/PR180424

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The results of the 1st European Hydrogen Bank auction were published today by the EC, with important results for the Iberian market: ✅ of the 7 projects selected out of 132 in total, 2 projects are from Portugal and 3 from Spain. ✅ The winners submitted proposals between €0.37 and €0.48 per kilogram of renewable hydrogen produced. ✅ The subsidy they will receive varies between 8 million euros and 245 million euros. ✅ The winners plan to produce 1.58 million tons of renewable hydrogen over ten years, avoiding more than 10 million tons of CO2 emissions. These results demonstrate Iberia's exceptional conditions for the development of renewable hydrogen. More info: https://lnkd.in/d2QYimGZ #greendeal #renewableenergy #ourenergy #renewablehydrogen

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🤔Perhaps you remember many controversial discussions about certain long-term market measures in the negotiation period of the #EUElectricityMarketReform #EMD that, among other legislative instruments, has given us the new Regulation 2024/1747 to improve the Union’s electricity market design (published in the Official Journal of the EU on 26th June🗓️). ✅However, I am sure you don’t remember any hot political discussions on the #PROFlexibility measures since there was an EU-wide consensus on the huge benefits of unlocking all kinds of flexibility means and services to make our EU #ElectricitySystem more #resilient, #efficient and #decarbonized. ✅I always like to publicly share that #PROFlexibility exercises are a super-important thing you can do for your #health. It provides you with improved #balance, better #posture, greater #strength and #resilience … and, in doing so, prevents falls and pains. Well, this works not just for your body systems but for the EU #ElectricitySystem as well. ✅In this context, flexibility is one of the #MostMentioned words in 🇪🇺Regulation 2024/1717… more than 8️⃣0️⃣ times. I do not dare to spot all of them … …but I leave you (in my view) the fundamental #PROFlexibility measures that perhaps might help you divulge all the benefits of a flexible electricity system with #MoreEurope #MoreMarkets

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🇺🇦⚡️🇪🇺 European energy market integration: where we are heading after synchronisation with ENTSO-E. Ukraine’s emergency synchronisation with ENTSO-E in 2022, which occurred a year ahead of schedule, bolstered the resilience of our power system amidst severe wartime conditions. Currently, Ukraine has access to 1.7 GW of electricity imports and emergency assistance from neighbouring countries. However, the integration of the Ukrainian electricity market with the European one is not yet complete. Several further decisions are needed to facilitate the unification of spot markets, the organization of coordinated long-term auctions for cross-border capacity allocation, participation in distribution platforms for balancing energy and ancillary services, and collaborative planning with European partners to mitigate risks to the power system. 🤔 What are the next steps for Ukraine? 🔜 I will address this question in separate posts throughout this week. 🤝 By the way, recently (in the photo) I had a conversation with the Vice President of the European Commission Maroš Šefčovič who has made significant efforts to make Ukraine’s energy sector more integrated with the European one. #ukraine #europe #eu #energy #energymarket

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Invenergy and Patria Investments Acquire 600 MW Wind Portfolio in Brazil from ContourGlobal and Eletrobras Invenergy and Patria Investments have announced the acquisition of ContourGlobal and Eletrobras’ nearly 600-megawatt (MW) wind energy portfolio in Brazil. Invenergy will hold a 10% ownership stake in the portfolio, while Patria Investments will own the remaining 90%. Invenergy will also provide operations and maintenance services for the wind turbines. Four projects, namely Asa Branca, Chapada I, Chapada II, and Chapada III, are located in Piauí and Rio Grande do Norte, Brazil, and are included in the wind energy portfolio. “This first-of-its-kind transaction for Invenergy Services in Brazil expands our O&M portfolio of managed assets and makes Invenergy an owner […] - https://lnkd.in/dewBN7Xd #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #brazil #invenergy #patriainvestments #renewableenergy #southamerica #windenergy #windportfolio #windturbines

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🌾 Growing challenges in providing additional energy capacities require new mechanisms and incentives for investing in wind, solar, and bio power plants, energy storage systems, and small-scale gas generation. In an exclusive interview for ExPro Consulting, Anastasiia Vereshchynska, Director of the European-Ukrainian Energy Agency, discussed the key factors affecting the development of these sectors, special auctions for ancillary services, and the prospects for replacing destroyed generation facilities with renewable energy installations. Renewable energy sources can realistically provide 10 GW of new capacity over the next 10 years. The main steps to stimulate the renewable energy market are: 🔹 Offtake: Implementing long-term power purchase agreements (PPAs) will help reduce risks for investors and ensure a stable income for new projects, thereby attracting more investments in renewable energy. 🔹 Market Risk Insurance Fund: In addition to offtake agreements, the idea of creating a donor fund to guarantee a minimum electricity price under PPAs and minimize market risks for investors in Ukraine is being considered. Investors in new renewable power plants and consumers can approach the fund with PPAs, where a minimum purchase price for electricity will be determined. The fund will guarantee this price in the event of a consumer default and support the electricity market, mainly for renewable energy, with the possibility of supporting gas generation. 🔹 Insurance: An established insurance system for renewable energy projects will reduce financial risks, increasing the attractiveness of investments in this area. 💬 «The introduction of long-term auctions for ancillary services is a key aspect of creating favorable conditions for flexible generation and energy storage systems. This will improve the stability of the energy system and the integration of renewable energy sources», says Anastasiia Vereshchynska. ☝️ It is important to note that foreign investors face financial and regulatory challenges in the Ukrainian market. However, resolving offtake and insurance issues can significantly improve the investment climate. 💬 «If the issues of offtake and insurance are resolved, we will see new renewable energy projects», emphasizes Anastasiia Vereshchynska. The development of renewable energy is crucial for Ukraine's energy independence, reducing greenhouse gas emissions, and creating new jobs. Solving key issues will help attract more investment and develop a modern energy infrastructure. 🖇 More details at the link: https://expro.com.ua/en

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Repsol and EDF Renewables North America reached an agreement to join forces in view of the future #offshorewind tenders in #Spain and #Portugal, given that the Iberian Peninsula offers significant growth opportunities.

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Montel European Electricity Market Summary confirms the positive trend in the share of renewables in EU power generation (Q2 data: from 44.4% in 2022 and 49.7% in 2023 to 55.7% in 2024). As the stakes get higher, it's time to recognise the risks associated with weather variability and start implementing appropriate risk solutions. #energy #riskmanagement #renewableenergy #MunichReParametrics #weatherderivatives

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⭐️NUMBER OF THE WEEK⭐️ Efforts to advance #Lithuania’s #offshorewind #energy capacity hit a snag as the country cancels its second tender for a wind farm due to lackluster interest from developers. 🇱🇹 Valstybinė energetikos reguliavimo taryba/National Energy Regulatory Council had set the stage for the tender, which was announced in January this year and closed its application window on April 14. The tender required participation from at least two bidders to proceed effectively. However, only one entity, the state-owned Ignitis Group, showed interest in developing the 700MW wind farm. 🍀 Ignitis Lietuva In response to this setback, the Ministry of Energy of the Republic of Lithuania/Lietuvos Respublikos Energetikos ministerija announced plans to engage in consultations with industry stakeholders to explore options for reviving the tender process and potentially setting a new date for its launch. 🌊 ❗️Learn all details here: https://lnkd.in/dKxZdw-m

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POLITICO underlines 5 key points in #Draghi's report on #Europe's future: - Investment in strategic sectors - Close the #innovation gap to raise productivity - Establish a consistent #energy strategy - Reduce external dependencies - Prioritize #MadeInEurope https://lnkd.in/dEUh2yZh

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