Tag: Electricity

EnergyInfrastructure

Netherlands Grid Crisis: Renewable Energy Boom Creates 20,000-Connection Backlog, Costs Economy €35 Billion Annually

The Netherlands’ rapid renewable energy transition has created massive grid congestion, leaving 20,000 companies waiting for connections. Tennet plans €200 billion in grid upgrades as delays threaten Dutch industrial competitiveness.

Grid Congestion Reaches Crisis Levels

The Netherlands’ ambitious push toward renewable energy is creating severe electrical grid congestion that’s hampering economic growth and leaving thousands of companies in limbo, according to reports. Sources indicate that 8,000 companies are currently waiting to feed electricity into the grid, while another 12,000 are waiting for permission to increase their power consumption.

by Nathan Cole
EnergyManufacturing

Stegra Seeks $1.1 Billion Green Steel Funding Amid Sweden’s Industrial Transition

Swedish green steel firm Stegra is seeking €975 million ($1.1 billion) in new funding to complete its hydrogen-based steel plant in Boden. The financing comes as Sweden’s green transition faces challenges despite leading Europe’s shift from fossil fuels.

Swedish startup Stegra, formerly known as H2 Green Steel, has announced plans to raise approximately €975 million ($1.1 billion) in additional financing to support the construction of its groundbreaking green steel plant in northern Sweden. This substantial funding round represents a critical moment for Europe’s transition to sustainable industrial production and highlights both the opportunities and challenges facing hydrogen-based manufacturing.

Stegra’s Ambitious Funding Requirements

by Nathan Cole
BusinessEnergy

Eskom Returns to Profitability After 8 Years But Faces Ongoing Operational Challenges

South Africa’s state-owned power utility Eskom has returned to profitability with R23.9-billion pre-tax profit for 2025, marking its first positive financial result since 2017. While reduced loadshedding and operational improvements drove the turnaround, escalating municipal debt and audit qualifications persist as major concerns for the electricity provider’s sustainability.

South Africa’s state-owned enterprise Eskom has achieved a remarkable financial turnaround, reporting R23.9-billion profit before tax for the 2025 financial year – its first profitable result in eight years. Business Leadership South Africa CEO Busi Mavuso welcomed the positive development in her weekly newsletter, noting that the improved performance offers significant benefits for both the power utility and the broader South Africa economy.

Operational Improvements Drive Eskom’s Financial Recovery

by Nathan Cole