Latest news with #RWE
Bloomberg
4 days ago
- Business
- Bloomberg
Germany Risks Higher Power Prices If Green Goals Are Cut: Study
Germany would see significantly higher electricity prices if it backtracks from its renewable energy expansion targets than if the government keeps pursuing them, think tank Agora Energiewende said. Berlin is in the process of reassessing the nation's electricity needs after major utilities — including RWE AG, EON SE, and EnBW Baden-Württemberg AG — challenged official demand projections by 2030, arguing consumption has been overestimated. The government plans to review its projections by summer, which could be a precursor to adjusting its green energy goals.
Reuters
4 days ago
- Business
- Reuters
Germany not planning strategic gas reserve, economy ministry says
FRANKFURT, June 17 (Reuters) - Germany is not planning to set up a national gas reserve as its recent legislation changing required filling levels for the coming winters will encourage the private sector to ensure supply security, an economy ministry spokesperson said on Tuesday. Since the energy crisis following Russia's invasion of Ukraine in 2022, European Union countries have turned to increased storage to protect against supply disruption. Germany is mainland Europe's biggest gas consumer and last month German pipeline lobby group FNB proposed a new approach to gas storage, including a permanent national reserve. "There are currently no considerations by the economy ministry pertaining to this (a strategy storage)," the spokesperson said in a written reply to an enquiry by Reuters, adding supply was secure overall. Bloomberg reported on Tuesday that Germany was looking at whether to build up a strategic store of gas, citing unnamed sources. Germany's new coalition government aligned domestic rules with anticipated changes to European Union regulations that require gas storage facilities to be 80% filled by November 1 to ensure enough supply for the winter, giving more flexibility than the EU's previous 90% capacity filling requirement, among a range of other measures. German utilities operating gas storage facilities include Uniper ( opens new tab, the SEFE group, VNG Gasspeicher and RWE ( opens new tab. The German economy ministry is mindful that any additional state moves could drive up the costs for consumers, the spokesperson said. German gas stockpiles last stood at 45.8% vis-a-vis the EU's 53.8%, data from storage group GIE showed. The metric was well down from 76.8% a year ago.
Time of India
12-06-2025
- Business
- Time of India
German utility RWE and tech giant Amazon announce partnership
German utility RWE and tech giant Amazon announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services. The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE's wind and solar facilities, some of which are already in operation and some are under construction. Context by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like "가르마 빈틈 넓어졌다면?" 지금 관리 시작하세요! 500모 49만원부터! oo_모발이식센터 지금 예약 Undo RWE is a major utility in Europe with a large portfolio of renewable energy both in operation and in development which it can then sell to Amazon or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. Live Events "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS 's data centre infrastructure , he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. By the numbers Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. What's next? Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said.
Reuters
12-06-2025
- Business
- Reuters
German utility RWE and tech giant Amazon announce partnership
PARIS, June 12 (Reuters) - German utility RWE ( opens new tab and tech giant Amazon (AMZN.O), opens new tab announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services. The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE's wind and solar facilities, some of which are already in operation and some are under construction. RWE is a major utility in Europe with a large portfolio of renewable energy both in operation and in development which it can then sell to Amazon or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS's data centre infrastructure, he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said.
Yahoo
12-06-2025
- Business
- Yahoo
German utility RWE and tech giant Amazon announce partnership
PARIS (Reuters) -German utility RWE and tech giant Amazon announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services. The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE's wind and solar facilities, some of which are already in operation and some are under construction. CONTEXT RWE is a major utility in Europe with a large portfolio of renewable energy both in operation and in development which it can then sell to Amazon or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. KEY QUOTES "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS's data centre infrastructure, he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. BY THE NUMBERS Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. WHAT'S NEXT Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said.
