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Harnessing waste heat from Europe industries could save $71.3 billion

  Bloomberg Europe’s industries and transportation systems waste so much heat that capturing the excess and reusing it could save consumers more than €67 billion ($71.3 billion), a Danish engineering company said. The surplus produced each year by factories, supermarkets, wastewater facilities, data centers and subways amounts to 2,860 terawatt-hours, nearly the same as the European Union’s total demand for ...

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Eskom deepens power cuts to unprecedented level

  Bloomberg South Africa is experiencing an unprecedented level of power blackouts. Eskom Holdings SOC Ltd. cut 7,045 megawatts from the grid — a move to prevent a total shutdown of the national grid — spokesman Sikonathi Mantshantsha said in a Tweet. He confirmed that the intensity of power cuts increased to the so-called Stage 7 of loadshedding, as the ...

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European gas reaches tipping point to price out coal in power

Bloomberg European gas prices rose amid expectations of higher demand from power producers, after a recent slump improved the profitability of the fuel compared to coal. Benchmark futures have been fluctuating near €50 over the last few days after plunging about 35% since the start of the year. Together with surging carbon prices, that could rein in an increased reliance ...

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