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Friday
25 Sep 2026 · Nº 268
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Signal
The hydrogen sector is fracturing between demand-side retreat and supply-side ambition, as the Netherlands slashes its 2040 forecast by 57% and VW delays its Ontario battery plant by two years, even while Germany opens fresh international funding and Uniper locks in a major e-SAF offtake deal. Meanwhile, Eurostat's 56% jump in EU oil import costs on flat volumes underscores the price-driven urgency behind Spain's €265 million pivot toward domestic storage—signaling that industrial policy is increasingly chasing cost security over speculative clean-fuel scale-up.
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Hydrogen · EU · Hydrogen Insight
According to Hydrogen Insight, the European Commission is continuing to decline comment on a leaked internal document that industry groups say could weaken support for renewable hydrogen, despite mounting calls for clarification. The content and status of the document are reported on the basis of a single leaked source and have not been officially confirmed.
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Hydrogen · DE · Hydrogen Insight
Germany has launched a new funding round supporting green hydrogen projects abroad that involve German companies, according to Hydrogen Insight. The report does not specify a confirmed budget envelope or award timeline in the snippet provided.
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Hydrogen · EU · CleanTechnica
The Netherlands' 2026 National Energy System Plan update lowers its central estimate for gaseous hydrogen demand in 2040 to about 200 petajoules, down from roughly 460 PJ in the 2023 plan, according to CleanTechnica. The figures are official government projections, not measured demand.
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Industrial Policy · ES · PV Magazine
The Spanish government has allocated €265 million in public subsidies across 11 pumped-hydroelectric storage projects with a combined capacity of 49.9 GWh, according to PV Magazine. The award backs long-duration storage that complements Spain's growing solar and wind fleet.
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RFNBO · DE · Hydrogen Insight
Uniper has agreed what it describes as one of the largest offtake arrangements to date for e-SAF derived from green hydrogen, according to Hydrogen Insight. Volume and pricing details are not specified in the available snippet, and the 'largest' characterisation originates with the parties involved.
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Batteries · EU · battery-news.de
Volkswagen subsidiary PowerCo is pushing back the production start of its roughly $7 billion battery factory in St. Thomas, Ontario, to 2029, a two-year delay, according to battery-news.de. PowerCo cites market demand, technical developments and long-term planning as reasons.
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Industrial Policy · EU · Staffetta Quotidiana
Eurostat data reported by Staffetta Quotidiana show EU oil import costs rose about 56% in the second quarter while import volumes remained stable, with Norway and the US the leading gas suppliers. The figures are official trade statistics.
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The morning board
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Ammonia · unabated fossil
Conventional SMR · $/t NWE
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688.25 |
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Ammonia · low-carbon
SMR + CCS · $/t NWE
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738.92 |
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Ammonia · RFNBO
Renewable electrolysis · $/t NWE
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839.16 |
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EUA
EEX primary auction · 2026-09-25 · €/tCO₂
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85.50 |
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DE Baseload
Day-ahead · €/MWh
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176.63 |
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Gas — THE day-ahead (DE hub)
THE day-ahead, German hub (≈ TTF + 1–3 €/MWh) · EEX via Bundesnetzagentur · 2026-09-24 · €/MWh
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76.47 |
Sources: Argus · SMARD.de · EEX · Bundesnetzagentur · IMF · Full board → |
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The summaries in this briefing are generated by an AI system (Art. 50 of Regulation (EU) 2024/1689). Rewire. · Tobias Janning · Rahlstedter Straße 171 · 22143 Hamburg · Legal notice & privacy. You can unsubscribe at any time with the link at the very bottom of this e-mail. For informational purposes only. Not investment, legal, or regulatory advice. No liability assumed. Views are the author's own. |
