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● Thursday
02 Jul 2026
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R.
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Today's signal: Europe's clean-energy ambitions are colliding with execution bottlenecks, as all 16 German state leaders push to loosen RFNBO hydrogen rules and Italy rejects nearly 50% of onshore wind permits—forcing most approvals through litigation. Meanwhile the competitive center of gravity keeps shifting East, with BYD topping 320GWh of 2025 BESS shipments and no Korean cell makers in the top 10, even as Spain courts a ~€1bn Gotion gigafactory and Russian gas still covers 12% of EU consumption.
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RED III/IV
· DE · Hydrogen Insight
The heads of all 16 German Länder co-signed a joint letter to the Commission calling for a relaxation of the RED-derived RFNBO framework, arguing the additionality, temporal, and geographic correlation requirements are throttling green hydrogen investment. The intervention is notable for its unanimity across party lines and levels of government.
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Grids Package
· EU · TEM Energy Department
EU energy ministers are seeking a common position on the European Grids Package, the Commission's framework to accelerate transmission and distribution buildout, anticipatory investment, and cross-border interconnection. Finland's TEM flagged the file as a Council priority.
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Industrial Policy
· ES · El Periódico de la Energía
The Spanish government is designating as strategic a nearly €1 billion investment by China's Gotion to build a battery megafactory in Valladolid. Madrid frames the project as positioning Spain at the European vanguard of cell manufacturing.
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Industrial Policy
· EU · Staffetta Quotidiana
ACER's first report mandated under the Russian fossil-gas phase-out regulation (2026/261) finds Russia still supplied 12% of EU gas demand, with an LNG volume spike between March and May driven by the regulation's entry into force and the Hormuz effect, while TurkStream flows slowed.
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Hydrogen
· EU · Hydrogen Insight
Air Products has cancelled its planned $4.5 billion blue hydrogen project in the United States, another retrenchment from a company that has been pruning its low-carbon hydrogen portfolio. The cancellation adds to a growing list of stalled large-scale hydrogen investments.
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Batteries
· EU · Energy Storage News
Benchmark data shows global BESS installations surpassed 320GWh in 2025, up over 50% year-on-year, with BYD leading system shipments and no Korean firms placing in the top 10 cell suppliers. Chinese manufacturers now dominate both cell and system rankings.
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Industrial Accelerator Act
· IT · Montel News
Industry figures report that Italian authorities have rejected close to half of onshore wind farm applications, with the majority of successful permits now secured only through legal challenges to the assessment system. The data points to a systemic permitting failure.
Industrial Accelerator Act · Industrial Policy
Source →
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Market Snapshot
NH₃ Fossil ("Grey")
$688.25
/t Dlvd NWE
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NH₃ Low-Carbon ("Blue")
$738.92
/t Dlvd NWE
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NH₃ RFNBO ("Green")
$909.81
/t Dlvd NWE
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EUA (EU ETS)
€80.15
/tCO₂
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DE Baseload DA
€73.31
/MWh
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AI-assisted briefing for informational purposes only. Not investment, legal, or regulatory advice. No liability assumed. Views are the author's own.
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