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Tuesday
29 Sep 2026 · Nº 272
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Signal
Europe is quietly recalibrating its decarbonization timeline—Italy dropping ETS suspension while pairing repowering incentives to EU-made modules, and the Netherlands pushing its renewable hydrogen industry quota to 2028—signaling a pivot from aggressive mandates toward industrial pragmatism. Yet the technical and infrastructure foundations keep advancing, with H2Med claiming sub-€1/kg hydrogen transport, SMA winning Germany's first grid-forming inertia certification, and Volkswagen's three-country battery JV push, suggesting delayed policy ambition isn't slowing capacity buildout.
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ETS · IT · Staffetta Quotidiana
According to Staffetta Quotidiana, the Italian government is no longer pursuing a suspension of the EU Emissions Trading System and is instead drafting a joint proposal with the Czech Republic to address high energy costs, to be tabled at the European Council on 15-16 October. Prime Minister Meloni is reported to be planning communications to parliament on 14 October. The content of the proposal has not been published.
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Industrial Accelerator Act · IT · PV Magazine
Italy has adopted a decree allowing up to 10 GW of PV capacity under the first four Conto Energia schemes to leave incentives early from 2028, with the measure taking effect 28 September per Staffetta Quotidiana. Projects that opt out must undergo full repowering using EU-made modules by end-2030 and meet minimum energy-yield increases; GSE operating rules are due within 30 days, followed by a 30-day application window.
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RED III/IV · EU · Hydrogen Insight
Hydrogen Insight reports the Dutch government has postponed the start of its binding renewable hydrogen quota for industrial use to 2028. The delay concerns the national transposition of the RED III RFNBO obligation for industry.
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Batteries · EU · battery-news.de
According to battery-news.de, Volkswagen unit PowerCo and Chinese manufacturer Gotion High-tech intend to expand their cooperation through three joint ventures for LFP cells and cathode material in Spain, Slovakia and Morocco. The total investment is reported at around €3 billion. The plans have been announced but not yet finalised into operational facilities.
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Hydrogen · ES · Hydrogen Insight
Hydrogen Insight reports that promoters of the H2Med pipeline estimate delivering green hydrogen from Spain to Western and Central Europe would cost less than €1/kg. The figure is a project-sponsor estimate for transport cost only and does not represent verified, independently reviewed tariffs.
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Grids Package · DE · Energy Storage News
Energy Storage News reports that SMA Solar Technology has become the first manufacturer certified to provide inertia to the German grid via a grid-forming battery inverter. The certification concerns the German market's emerging framework for inverter-based inertia services.
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Industrial Policy · ES · El Periódico de la Energía
El Periódico de la Energía reports Spanish minister Sara Aagesen has called on the EU to adopt greater renewable energy ambition for 2040 as a response to recurring energy crises. The intervention is a policy call ahead of the bloc's 2040 framework discussions and does not reflect an adopted target.
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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 · 2026-09-29 · €/tCO₂
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84.87 |
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DE Baseload
Day-ahead · €/MWh
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165.83 |
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Gas — THE day-ahead (DE hub)
THE day-ahead, German hub (≈ TTF + 1–3 €/MWh) · EEX via Bundesnetzagentur · 2026-09-25 · €/MWh
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71.91 |
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. |
