European heavy industries are increasingly prioritizing green hydrogen as a key pathway to replace natural gas and significantly reduce carbon emissions.

Shanghai Sermatec Energy Technology Co. has been awarded a significant 430 MWh energy storage project in Bulgaria, marking a strategic expansion into the European market.

U.S. investment firm Sixth Street has acquired a 38% stake in Italian renewable energy company Sorgenia, valuing the firm at €4 billion ($4.6 billion).

Europe's ambitious renewable energy targets face significant hurdles due to the complex and stringent regulations governing grid connections.