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France mounts battle for nuclear energy in Europe
France is making an aggressive push to promote nuclear power in the EU, seeking to rally allies for battles to come in a stand-off with Germany over the bloc’s energy policy. Paris on Tuesday persuaded 10 countries, including Hungary and Bulgaria, to join a “nuclear alliance” calling on Brussels to do more to back atomic energy, a move they argued would help meet climate goals while protecting the EU’s energy independence.
The establishment of the pro-nuclear group at a meeting in Stockholm, comes as France lobbies for concessions from the EU’s ambitious renewable power goals to obtain what would effectively be carve-outs for its nuclear industry, the mainstay of its electricity production. That has opened a rift with Germany and left other member states wondering if they will be forced to pick sides.
The disagreements are bleeding into a host of EU energy reforms, from a planned overhaul of electricity markets to how to promote hydrogen energy and renewables.
(From Mundus Nordic Green News on Mar 06)
Aramco, Renault, Geely to Jointly Set Up Internal Combustion Engine Venture
French carmaker Renault recently announced a partnership with Saudi oil producer Aramco and China’s Geely Automobile Holdings. The agreement outlines that the three companies will become stakeholders in a new company dedicated to researching and manufacturing internal combustion, hybrid and plug-in hybrid powertrain technologies.
According to the joint statement, Renault and Geely will each hold an equal equity stake, and the company will have an annual production capacity of 5 million engines and transmissions. “This partnership with Aramco will give it a head start in the race towards ultra-low-emissions ICE powertrain technology,” Renault CEO Luca de Meo said in the statement.
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