NS Energy
Established in2018
Located inLondon, United Kingdom
News CoverageWATER
10
NE Publishers' Articles
Filter by
View by
NS Energy
Western Copper And Gold Strengthens Strategic Partnership With Mitsubishi MaterialsWestern Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has strengthened its relationship with Mitsubishi Materials Corporation (“Mitsubishi Materials”).
Western has entered into an amended and restated investor rights agreement (the “Agreement”) with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026, subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials’ equity ownership in Western is expected to return to approximately 5%.
“Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western,” said Sandeep Singh, President and CEO. “Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we’ve built, and we look forward to continuing to collaborate as we advance one of Canada’s most important critical minerals projects.”
Give your business an edge with our leading industry insights.water
Apr 16, 2025
NS Energy
Ec Approves €400M Spanish State Aid Scheme To Support Renewable Hydrogen ProductionThe European Commission (EC) has approved, under EU State aid rules, a €400 million Spanish 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. The scheme will contribute to the objectives of the Clean Industrial Deal to accelerate the decarbonisation of EU industry while strengthening its competitiveness, of the REPowerEU Plan to reduce dependence on Russian fossil fuels and accelerate the green transition, as well as the EU Hydrogen Strategy.
Spain notified the Commission of its intention to introduce a scheme to support the production of renewable hydrogen through the “Auctions-as-a-Service” tool within the European Hydrogen Bank. The approved scheme will support construction of up to 345 megawatts of installed electrolyser capacity, and the production of up to 221,000 tonnes of renewable hydrogen in Spain. This is estimated to result in the avoidance of the equivalent of up to one million tonnes of CO2. The scheme will help Spain achieve its national objective to install 12 gigawatts of electrolyser capacity by 2030, as well as the targets for the share of renewable fuels of non-biological origin (RFNBOs) consumed in transport and in industry that are set in the Renewable Energy Directive.
The aid will be awarded through a competitive bidding process that concluded in the first quarter of 2025. The bidding process will be supervised by the European Climate, Infrastructure, and Environment Executive Agency (CINEA) which will receive, assess, and rank bids for projects in all Member States. The support provided under the schemes will be open to companies planning to construct new electrolysers in Spain.
Under the scheme, the aid will take the form of a direct grant per kilogram of renewable hydrogen produced. The aid will be granted for a maximum duration of ten years. Beneficiaries will have to prove compliance with EU criteria for the production of renewable fuels of non-biological origin (RFNBOs). This includes contributing to the deployment or financing of the additional renewable electricity which is needed to produce the hydrogen supported under the scheme.
The Commission’s assessment
The Commission assessed the scheme under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the European Union, which enables Member States to support the development of certain economic activities under certain conditions, and the 2022 Guidelines on State aid for climate, environmental protection and energy (‘CEEAG’).
In particular, the Commission found that:
The scheme is necessary and appropriate to facilitate the production of renewable hydrogen and thus the decarbonisation of the industrial, transport and/or energy sectors.
The scheme has an incentive effect, as the beneficiaries would not carry out the relevant investments without the public support.
Spain put in place sufficient safeguards to ensure that the scheme has a limited impact on competition and trade within the EU. In particular, the beneficiaries will be selected following an open, transparent and non-discriminatory bidding process and the aid will be kept to the minimum necessary to undertake the projects.
The aid will bring about positive effects, in particular on the environment, in line with the European Green Deal, that outweigh any possible negative effects in terms of distortions to competition.
On this basis, the Commission approved the Spanish scheme under EU State aid rules.
Background
On 18 November 2024, Spain announced its participation in the European Hydrogen Bank “Auctions-as-a-Service” scheme for the second 2024/2025 auction.
The European Hydrogen Bank is an initiative to facilitate EU-domestic production and imports of renewable hydrogen in and to Europe. Its objective is to close the investment gap and connect the future renewable hydrogen supply to consumers to meet the intended target of 20 million tonnes by 2030, contributing to the REPowerEU objectives and the transition to climate neutrality. Run by the Innovation Fund, the hydrogen auctions implement the EU-domestic leg of the European Hydrogen Bank and are financed through the EU Emissions Trading System revenues.
Under the concept of Auctions-as-a-Service, Member States may choose to use the EU-wide auction mechanism under the Innovation Fund to also allocate a pre-defined amount of national funding to renewable hydrogen production projects on their territory. These projects will be assessed and ranked in the competitive auction procedure under the auction and can become eligible for national funding if the Innovation Fund budget is insufficient to cover those projects. Auctions-as-a-Service are aimed at harmonising, and tying together national and European support schemes, increasing the comparability of subsidy levels, and saving on the administrative costs to Member States and project developers of developing and understanding different hydrogen support schemes.
The scheme follows a previous German scheme approved by the Commission in April 2024, to support investments in the production of renewable hydrogen through Auctions-as-a-Service under the European Hydrogen Bank’s pilot auction, as well as Austrian and Lithuanian schemes approved by the Commission on 10 March 2025.
The Commission’s 2022 CEEAG provide guidance on how the Commission assesses the compatibility of environmental protection, including climate protection, and energy aid measures which are subject to the notification requirement under Article 107(3)(c) TFEU.
The Renewable Energy Directive of 2018 set out stringent criteria for RFNBOs, such as renewable hydrogen, to ensure that their environmental impact is minimal and that they contribute to the deployment of renewable energy. Amongst others, emission savings of the end product must be at least 70% across the entire value chain. Amendments to the Renewable Energy Directive in 2023 increased the EU target for the share of renewable energy in the EU’s gross energy consumption to a minimum of 42.5% by 2030, with the aim of reaching 45%; and introduced a target that 42% of the hydrogen used in industry should be renewable by 2030, increasing to 60% by 2035.
Give your business an edge with our leading industry insights.water
Apr 16, 2025
NS Energy
Totalenergies Will Supply 400,000 Tons Of Lng Per Year For 15 Years In Dominican RepublicTotalEnergies has signed an agreement (HoA) with Energia Natural Dominicana (ENADOM), the Joint Venture between AES Dominicana and Energas in the Dominican Republic, for the delivery of 400,000 tons of LNG per year. Subject to the finalization of the SPAs, this agreement is set to start in mid-2027, for 15 years, with the price indexed to Henry Hub.
This agreement will enable ENADOM to supply natural gas to the 470 MW combined-cycle power plant, currently under construction, which will increase the country’s electricity generation capacity. This project contributes to the energy transition of the Dominican Republic by reducing its dependence on coal and fuel oil through the use of a less carbon-intensive energy source, natural gas.
“We are pleased to have signed this agreement to answer, alongside AES and its partners, the energy needs of the Dominican Republic. This new contract underscores TotalEnergies’ leadership in the LNG sector and our commitment to supporting the island’s energy transition. It will be a natural outlet for our US LNG supply which will progressively increase”, said Gregory Joffroy, Senior Vice President LNG at TotalEnergies.
“This agreement with TotalEnergies, is the result of the confidence placed in the Dominican Republic’s energy sector and, specifically, in ENADOM and AES. This partnership, alongside ENADOM’s has demonstrated investment capabilities in providing natural gas to the Dominican electricity market by ensuring a reliable, competitive, and environmentally responsible energy supply. ENADOM is proud to play a pivotal role in the expansion and strengthening of the nation’s energy matrix in the Dominican Republic”, said Edwin De los Santos, Chief Executive Officer at ENADOM.
Give your business an edge with our leading industry insights.water
Apr 16, 2025
NS Energy
Capital Power To Acquire Two Us Natural Gas Plants For $2.2BnCapital Power, through its indirect wholly-owned subsidiary, has agreed to acquire two natural gas facilities from subsidiaries of LS Power Equity Advisors for $2.2bn.
The transaction includes the acquisition of all equity interests in Hummel Station, which operates the 1,124MW Hummel Station in Shamokin Dam, Pennsylvania, and Rolling Hills Generating, which owns the 1,023MW Rolling Hills plant in Wilkesville, Ohio.
The acquisition is scheduled to be finalised in the third quarter of 2025, contingent on regulatory approvals and other customary closing conditions.
Upon completion, Capital Power will emerge as one of the top five independent power producers in North America, boasting over 10 GW of natural gas capacity.
This move aligns with Capital Power’s strategy to expand its portfolio of Flexible Generation assets and strengthen its presence in the US and PJM market.
Capital Power intends to utilise its expertise in plant operations and power trading to maximise the commercial potential of these assets, contributing to long-term value within its broader operational fleet.
The company anticipates the acquisition will generate an average annual Adjusted EBITDA of approximately $443m from 2026 to 2030.
Additionally, it expects the acquisition to enhance AFFO per share by approximately 17-19% over the same period, surpassing the accretion levels of previous gas acquisitions.
Capital Power president and CEO Avik Dey said: “Capital Power’s acquisition of Hummel and Rolling Hills expands our US generation fleet and advances our position as a leading North American power producer.
“With our expansion into the largest and most liquid power market in North America, we continue to deliver on our strategy.”
Dey added: “These plants will bolster our Flexible Generation portfolio and align with our commitment to provide reliable, affordable power solutions that support a balanced approach to the energy expansion.
“As a leading operator in North America, our ability to integrate these assets, optimise performance and enhance returns through our robust trading platform underpins the long-term value we expect these acquisitions will provide for our shareholders.”
Evercore is serving as the sole M&A financial advisor to Capital Power, with TD Securities providing financial advice and Simpson Thacher & Bartlett acting as legal advisor for the acquisition.
Give your business an edge with our leading industry insights.water
Apr 15, 2025
NS Energy
Acen Australia Secures Financing To Support Growth Of Australian Clean Energy PortfolioACEN Australia has completed the AUD 750 million portfolio debt financing of its operating renewables assets and financing for new projects in Australia, cementing the company’s position as a long-term investor in Australia’s clean economy.
The transaction supports the financing of ACEN Australia’s near-complete 400MW Stubbo Solar project in NSW, and follows first generation from Stage 1 of the company’s New England Solar project (400MW) in 2023.
The transaction was supported by a group of 11 leading Australian and international lenders, broadening ACEN Australia’s financial partnerships and underscoring strong market confidence in the company’s track record and growth strategy.
ACEN Australia Managing Director David Pollington said the financing establishes a robust funding base for the company’s diverse portfolio of wind, solar, pumped hydro and battery storage projects, which includes more than 1,000MW of renewable capacity in operation and under construction, and a further 13GW in development across the National Electricity Market.
“Our ability to attract top-tier financial partners reinforces our position as a trusted, long-term developer, owner and operator of assets, and reflects growing investor appetite for high-quality, renewable infrastructure in Australia,” Mr Pollington said.
ACEN Australia Chief Financial and Investments Officer Phillip Mak said the transaction demonstrates the company’s ability to independently access and structure competitive capital solutions as a key portfolio business of its PSE listed parent, ACEN Corporation (PSE: ACEN).
“This transaction strengthens our funding platform, accelerates our delivery pipeline, and positions us as a capable partner backed by a stable and diverse capital base,” Mr Mak said.
Financial institutions involved in the transaction are:
Macquarie Capital and Morgan Stanley were joint financial advisors to the transaction. Allens was the legal adviser for ACEN Australia and Hebert Smith Freehills legal adviser for the lenders.
Give your business an edge with our leading industry insights.water
Apr 15, 2025
NS Energy
Bp Confirms Deepwater Oil Discovery At Far South Prospect In Gulf Of AmericaBP has confirmed an oil discovery at the Far South prospect located in the western Green Canyon area of the Gulf of America.
The exploration well, drilled in approximately 4,092ft of water on Green Canyon Block 584, reached a total depth of 23,830ft.
Far South is jointly owned by BP, which operates the asset with a 57.5% stake, and Chevron U.S.A., which holds the remaining 42.5%.
Both the initial well and a sidetrack well encountered oil in Miocene-age reservoirs.
Preliminary analysis of the data suggests that the volume of hydrocarbons discovered may be commercially viable.
The Far South discovery is situated about 6.4km north of the Constellation field, which is also located in the Gulf of America.
BP said that it is aiming to expand its global upstream production to between 2.3 and 2.5 million barrels of oil equivalent per day by 2030, with scope to increase this capacity through to 2035. Of this total, approximately one million barrels per day are targeted from US operations across both offshore and onshore assets.
The oil and gas major stated that the Far South prospect aligns with its plans to develop new sources of hydrocarbons to support its long-term production targets. The company has reported making more than 40 discoveries worldwide in the past decade, including recent findings in Egypt, Trinidad, and the Gulf of America.
As part of its current exploration programme, BP is planning to drill around 40 wells over the next three years. Between 10 and 15 of those wells are scheduled for drilling this year.
The Far South announcement follows the recent start of production from the Cypre gas project operated by bp Trinidad and Tobago (bpTT), a subsidiary jointly owned by bp (70%) and Repsol (30%).
Cypre is located 78km off the southeast coast of Trinidad in the East Mayaro Block, in waters approximately 80m deep. The project is among 10 new developments expected to contribute a combined peak production of 250,000 barrels of oil equivalent per day.
Give your business an edge with our leading industry insights.water
Apr 15, 2025
NS Energy
Evolution Mining To Extend Cowal Gold Project To 2042 With $273.4M InvestmentEvolution Mining has secured board approval for a project that will extend the operational life of its Cowal gold mine in New South Wales, Australia by a decade.
The Open Pit Continuation project will involve an estimated capital investment of A$430m ($273.4m), with open pit production now expected to continue through to 2042.
The decision follows regulatory approvals from the Australian federal government and the New South Wales Department of Planning, Housing and Infrastructure.
The expansion includes further development of the existing E42 pit and three new satellite pits, E46, GR, and E41, which are located adjacent to the current site.
According to Evolution Mining, the Cowal extension project is projected to deliver 1.94 million ounces of gold and is expected to yield an internal rate of return of 34% under a base case scenario using a gold price of A$3,300 per ounce.
At current spot prices, the projected return increases to 71%, with the payback period dropping from 4.5 years to 1.5 years.
The underground component of the Cowal operation is expected to reach a production rate of 2.4 million tonnes annually by FY2026, contributing about 30% of the mine’s feed and half of the total gold output.
The capital investment will be deployed over seven years, in line with previous estimates.
As part of the strategy to reduce upfront costs, Evolution Mining has secured 11 low-hour second-hand haul trucks, which the company states have delivered cost savings of approximately A$35m ($22.26m) compared to new equipment.
Major capital expenditure for FY2025 is now forecast between A$65m ($41.3m) and A$70m ($44.5m), covering fleet acquisition and infrastructure establishment. An additional A$5m ($3.2m) will be allocated to mine development activities necessary to commence full operations in July 2025.
Since its acquisition in 2015, Cowal has contributed more than A$1.62bn ($1.03bn) in net cash flow to Evolution Mining, with the site generating A$479m ($304.6m) in the first nine months of FY2025 alone.
The mine is expected to remain a significant cash flow contributor during the project’s execution period.
Evolution Mining managing director and CEO Lawrie Conway said: “Cowal is undoubtedly a world class asset and a key asset in the Evolution portfolio. The operation has fully repaid the acquisition cost and subsequent investment with a 17 year mine life remaining.
“Today, the Board has approved the project which has compelling returns of 71% at current spot gold price and a short payback period. It will contribute to the goal of sustaining Cowal’s current production rate, while at the same time delivering significant economic benefits for all stakeholders.”
Evolution Mining noted that exploration is ongoing at Cowal, with focus on identifying mineralisation that could support further underground mining. The open pit expansion is seen as enabling full-scale development of these underground opportunities, particularly targeting higher-grade ore bodies.
The Cowal extension marks a strategic milestone for Evolution Mining as it seeks to maintain stable production across its six operating sites. These include wholly owned operations at Cowal, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Canada, along with an 80% stake in Northparkes in New South Wales.
For FY2025, Evolution Mining has maintained its production guidance of 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper, with an all-in sustaining cost ranging between A$1,475 ($937.94) and A$1,575 ($1,001.53) per ounce.
Give your business an edge with our leading industry insights.water
Apr 15, 2025
NS Energy
Fortuna Mining Signs $130M Deal To Divest Yaramoko Mine In Burkina FasoFortuna Mining has signed a deal worth around $130m to sell its stake in Roxgold Sanu, the owner and operator of the Yaramoko gold mine in Burkina Faso, to Mauritius-based Soleil Resources International (SRI).
This transaction effectively ends Fortuna Mining’s operational presence in the West African nation.
Under the definitive share purchase agreement, SRI will acquire all outstanding shares of Roxgold Sanu and other wholly-owned subsidiaries in Burkina Faso that hold exploration permits.
The financial arrangement involves an initial cash payment of $70m upon closing and an additional $57.5m from cash dividends distributed by Roxgold Sanu to Fortuna Mining.
Furthermore, Fortuna Mining might secure up to $53m from value-added tax receivables, contingent on certain conditions being satisfied.
The successful closure of this transaction is dependent on several conditions. These include the disbursement of the cash dividend by Roxgold Sanu to Fortuna, approval from Burkina Faso’s Minister of Mines, and standard closing conditions for transactions of this nature.
Completion of the transaction is anticipated in Q2 2025.
INFOR Financial provided financial advisory services to Fortuna Mining during this deal.
Fortuna Mining, which is a Canadian company, operates four mines and conducts exploration in Argentina, Côte d’Ivoire, Mexico, and Peru, including participation in the Diamba Sud Gold Project in Senegal.
The Yaramoko Mine is located within the Houndé greenstone belt in southwestern Burkina Faso and produced 116,206 ounces of gold in 2024. It comprises two underground mines, which are 55 Zone and Bagassi South.
These mines are characterised by high-grade orogenic gold deposits found within greenstone-hosted formations. As of 31 December 2024, reserves indicate that the mine has a remaining life span of approximately one and a half years.
Fortuna Mining president and CEO Jorge Ganoza said: “Considering the limited remaining life of mineral reserves at Yaramoko (approximately one year), the cessation of our exploration activities in-country, and the increasingly challenging business climate in Burkina Faso, the Transaction represents a prudent exit that optimizes value, avoids approximately $20m in future mine closure liabilities, and provides Fortuna with additional liquidity as we pursue opportunities more closely aligned with our strategic objectives.
“We believe that Soleil, as a private local company, is well positioned to continue operations at the Yaramoko Mine to the benefit of employees and local stakeholders”.
Give your business an edge with our leading industry insights.water
Apr 14, 2025
NS Energy
Eminent Acquires 100% Ownership Of Getchell Trend Analogue, Hot Springs Range ProjectEminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB) (the “Company” or “Eminent”) is pleased to announce that it has exercised its option to acquire 100% ownership of the 168 optioned claims that it does not already own on the Hot Springs Range Project (“HSRP”), located in Humboldt County, Nevada. This achievement represents a defining step forward in the Company’s Nevada-focused gold exploration strategy, with HSRP reflecting strong geological parallels to the prolific 50-million-ounce Getchell Trend.
The Hot Springs Range Project in its entirety is comprised of 419 unpatented lode mining claims, covering approximately 3,500 hectares and approximately 15km across the Eden Valley.
Eminent has fulfilled all of its obligations under the terms of the March 2020 Option Agreement with Milliard Geological Consulting (the “Option Agreement”).
Key Terms of the Option Agreement:
Five-year Option Term: Eminent had up to five years to fulfill the terms of the agreement to acquire 100% interest in the property.
Cumulative Payments: The agreement required USD $136,140 in cash payments, the issuance of 1,650,000 common shares, and a final USD$1,500,000 payment, which may be satisfied by Eminent through the issue of common shares.
Net Smelter Royalty (NSR): The Optionor retains a 2% NSR, which Eminent may purchase in 0.1% increments for USD $100,000 each, up to a maximum of 1%.
Eminent made an annual share issuance of 500,000 shares, and elected to satisfy the final cash payment through the issue of 5,832,941 common shares. The final cash payment of USD$1,500,000 was deemed converted to Canadian dollars at an exchange rate of CDN$1.4015 for each US$1.00. The shares were issued at a deemed price of CDN$0.3604 per share. The shares issued are subject to a hold period in Canada until August 12, 2025.
Paul Sun, President and CEO of the Company commented:
“The acquisition of full ownership of the Hot Springs Range Project represents a pivotal milestone in advancing its early success and unlocking the immense potential we see in this venture. With multiple geological features identified as analogous to deposits within the prolific, parallel Getchell Gold Trend, the project holds significant promise for discovering a new Carlin-style deposit. The results from the first drill hole have validated our thesis, and with the second drill hole pending, ongoing drilling continues to strengthen our confidence in this opportunity.”
Give your business an edge with our leading industry insights.water
Apr 14, 2025
NS Energy
Enbw Officially Commissions One Of Germany’S First Hydrogen-Ready Gas Turbine Power PlantsAgainst a backdrop of intensive policy debate on the legal framework for financing urgently needed investment in dispatchable power plant capacity, EnBW has officially commissioned one of Germany’s first hydrogen-ready gas turbine power plants at its Stuttgart-Münster site. The project is an important signal for more plants of a similar type – especially considering that southern Germany has a particularly pressing need for highly flexible power plants to complement weather-dependent renewable energy sources and to maintain grid stability. EnBW CEO Dr. Georg Stamatelopoulos: “The power plants needed for the energy transition cannot be financed by the market alone. This is why the German government needs to create a framework of regulatory incentives for more investment as part of its program for the first 100 days in power.”
In further fuel switch projects, EnBW is converting the previously coal-fired sites in Altbach/Deizisau and Heilbronn to hydrogen-ready gas-fired power plants. In this way, EnBW is continuing the decarbonization of its power plant portfolio. This relates to total capacity of 1.5 gigawatts and total investment of some €1.6 billion. Renewable energy sources now already account for around 59% of EnBW’s installed generation capacity. As of the 2024 financial year, the Group had already reduced its carbon intensity by 45% compared to 2022 (to 272g/kWh).
Modernization of the Stuttgart-Münster site
The Stuttgart-Münster site stands out in the EnBW power plant portfolio. Its focus is on the thermal treatment of waste, otherwise known as waste incineration. To get the most out of the fuel, it operates on the combined heat and power (CHP) principle, generating heat energy for district heating along with electricity. Three coal-fired boilers have so far supplied additional heat when the waste incineration plant does not produce enough for the district heating network in winter. Those coal-fired boilers are now being replaced by the new hydrogen-ready gas-fired power plant. The existing CHP plant comprises a hard coal-fired power plant with three coal-fired boilers, a waste incineration plant with three waste-fired boilers, and three steam turbines. Since April 2024, a large heat pump has additionally been generating up to 24 megawatts of heat energy for district heating.
Together with the Stuttgart-Gaisburg and Altbach/Deizisau CHP plants, the plant serves a district heating network covering the central River Neckar region, supplying heat to over 28,500 homes, 1,400 businesses and 380 public facilities in and around Stuttgart.
After around three years of planning and approval processes and two years of construction, the Stuttgart-Münster site has now been comprehensively modernized with the construction of a new gas turbine plant that has a gross capacity of two times 62 megawatts, including waste heat boilers and hot water boilers. The CHP plant is used for both base load and peak load supply. The new fuel switch plant will consequently supply the city of Stuttgart with 124 megawatts of electrical energy and 370 megawatts of thermal energy.
Following successful trials, the plant will go into commercial operation in the near future. Peter Heydecker, Chief Operating Officer for Sustainable Generation Infrastructure at EnBW: “The energy transition is underway. EnBW is currently building half of all gas-fired power plants now under construction in Germany. Solely by switching from from coal to natural gas, we are making dispatchable generation significantly more climate-friendly with around 50% lower carbon emissions. From the mid-2030s, we expect to take the next step and, after a second fuel switch, operate the plant on up to 100% low-carbon hydrogen, provided that this is available in sufficient quantities.
Dr.-Ing. Christian Bruch, CEO of gas turbine manufacturer Siemens Energy AG: “Our technologies make it possible to replace fossil fuels with renewable energy sources and green gases such as hydrogen. Our innovative solutions help increase power plant efficiency and flexibility while reducing carbon emissions. We therefore see ourselves as a key partner in transforming the energy system.”
Significance for regional supply
After a short period running in parallel, the coal-fired unit and the fuel oil-fired gas turbines within the old cogeneration plant at the Münster site will be completely decommissioned in the spring of 2026. This will contribute significantly to climate change mitigation in the City of Stuttgart, which is aiming for net zero by 2035. Dr. Frank Nopper, Lord Mayor of the City of Stuttgart: “This project shows how energy companies and local partners can pull together and make the energy transition succeed. The commissioning of the new gas turbine power plant in Stuttgart-Münster marks an important milestone in that transition for Stuttgart. By using natural gas, the city of Stuttgart’s district heating will be made completely coal-free and carbon emissions will go down by around 60% by 2030. This is a good example of how traditional power plant sites can be made sustainable for the benefit of all.”
Dr. Andre Baumann, State Secretary at the Baden-Württemberg Ministry of the Environment, Climate and Energy: “The State of Baden-Württemberg is a pioneer in the heat energy transition, with our municipal heat plans providing the blueprint for the municipal heat planning legislation adopted at national level. New gas-fired power plants like this one in Stuttgart-Münster will also play a key role in the ongoing success of the heat energy transition in Baden-Württemberg.”
The H₂-ready fuel-switch power plant is also an important component in the further expansion of renewable energy, as it is a highly flexible plant that can start up very quickly in response to grid fluctuations when weather conditions cause a shortage of renewable electricity. This means it contributes significantly to the security of supply in southern Germany.
Give your business an edge with our leading industry insights.water
Apr 14, 2025