Tag Archives: energy costs

Stora Enso Continues Strategic Transformation While Managing Rising Geopolitical and Operational Pressures

(IN BRIEF) Stora Enso reported stable first-quarter 2026 sales of EUR 2.358 billion while adjusted EBIT declined 9 percent to EUR 159 million amid continued market weakness, foreign exchange impacts and operational ramp-up costs at its Oulu production site in … Read the full press release

Wacker Chemie Reports Strong Q1 Earnings Growth Driven by Cost Savings and Early Customer Demand

(IN BRIEF) Wacker Chemie AG reported improved earnings in the first quarter of 2026, despite lower year-on-year sales, as cost-saving measures and a surge in customer orders driven by geopolitical uncertainty helped boost profitability. While sales declined due to exchange-rate … Read the full press release

INEOS Acetyls Cuts 60 Jobs at Hull Plant Amid Rising Energy Costs and Surge of Low-Cost Chinese Imports

(IN BRIEF) INEOS Acetyls will cut 60 skilled jobs at its Hull Acetyls plant following mounting challenges from high energy costs and a surge in cheap, high-emission imports from China. The company warned that these carbon-intensive imports, which emit up … Read the full press release

voestalpine Calls for Continued Electricity Price Compensation to Protect Austria’s Energy-Intensive Industry

(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release

INEOS and Covestro Forge Strategic Long-Term Natural Gas Agreement to Strengthen European Industrial Competitiveness

(IN BRIEF) INEOS and Covestro have entered into a long-term natural gas supply agreement lasting up to eight years, ensuring stable and predictable energy for Covestro’s European operations. The agreement, set to begin in 2027, supports both companies’ goals to … Read the full press release

Businesses Push for Growth and Sustainability as Energy Demand Soars, According to New EY Research

(IN BRIEF) New EY research reveals that businesses are increasingly focused on electrification, emissions reduction, and managing energy costs, with over 70% of companies planning to increase focus on these areas over the next three years. As energy demand soars, … Read the full press release

TUM Unveils Hands-On Energy Lab to Ignite Youth Interest in Renewable Technologies

(IN BRIEF) The Technical University of Munich (TUM) has launched an innovative laboratory designed to make renewable energy systems and energy consumption tangible for schoolchildren. In a simulated household setting complete with common appliances such as lamps and washing machines, … Read the full press release

EU Financial Instruments and Policy Reforms Set to Propel Croatia’s Competitiveness Amid Regulatory and Digital Gaps

(IN BRIEF) In 2024, Croatia’s economy grew steadily, fueled by significant EU funds, the adoption of the euro, and robust financial support from instruments like EFSI and InvestEU. However, major challenges persist, including a high percentage of exporters (84%) facing … Read the full press release

MAHLE Implements Groundbreaking PVT System for Sustainable Energy at Vaihingen-Enz Plant

(IN BRIEF) MAHLE is pioneering sustainable energy practices at its Vaihingen-Enz plant in Germany by introducing a photovoltaic thermal (PVT) system using over 1,000 PVT hybrid modules from Sunmaxx. The system will generate both electricity and thermal energy, reducing the … Read the full press release

Roof-Space / Attic Insulation Work this Christmas or Winter?

Watch out for condensation – damp Christmas decorations might be the least of your problems…. (PRESS RELEASE) TISTRUP, Denmark, 7-Dec-2022 — /EuropaWire/ — One of the hottest summers on record feels like a distant memory as the cold weather starts … Read the full press release