Latest news with #LeonhardBirnbaum
Reuters
05-03-2025
- Business
- Reuters
Germany's nuclear lobby says up to six reactors could restart
FRANKFURT, March 5 (Reuters) - Germany's nuclear engineering lobby on Wednesday said up to half a dozen nuclear power stations could in theory be reopened despite closing in 2023 as a result of Berlin's decision to exit nuclear power, as the next government looks to secure cheaper energy. Germany's conservatives, winners of the February election, said resuming nuclear power generation was an option to tackle high power prices and rising dependency on electricity imports, most notably from nuclear-reliant France. The operators of the nuclear plants said, however, their closure was final. Members of the nuclear technology lobby group include subsidiaries of Westinghouse and Framatome as well as part-German owned nuclear engineering services company Nukem ( opens new tab ( opens new tab. "The recommissioning of up to six nuclear power plants is technically quicker the decision is made, the less money it costs and the sooner the baseload-securing, climate-friendly plants can rejoin the grid," the KernD group said in a statement. Investment of between 1 and 3 billion euros ($1.07-3.21 billion) per station could pay for recommissioning, it added. The statement came a day after the German parties hoping to form the country's next government agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military and revive growth in Europe's largest economy. KernD said the operational costs of existing nuclear assets to be reopened would be competitive and the plants worked independently of the weather. Renewable power output was reduced for weeks last year due to adverse weather. Germany also aims to phase out coal burning in coming years. "Artificial intelligence, data centers and high tech companies need masses of power, and Germany could deliver," KernD said. Operators of Germany's closed reactors have ruled out reopening them. Leonhard Birnbaum, chief executive of ( opens new tab, last week said it was unfeasible, stressing decommissioning was in full swing. Sector peers such as RWE ( opens new tab and EnBW ( opens new tab have also cited high costs, lacking availability of staff and fuels and regulatory gaps as hindrances. ($1 = 0.9348 euros)
Euronews
14-02-2025
- Business
- Euronews
Electricity firms demand new EU energy security plan at Munich conference
Soaring costs linked to rocketing gas prices after Russia's invasion of Ukraine and, more recently, suspected sabotage of undersea power lines have underlined the need for the EU to overhaul its decade-old European Energy Security Strategy, electricity companies have warned. 'With the threats faced by our sector, security of supply is becoming an urgent priority that policymakers and regulators must acknowledge,' president of the trade association Eurelectric Leonhard Birnbaum said today. Birnbaum was in Bavaria to present a study commissioned from consultancy Compass Lexecon as world leaders convened for the high-stakes Munich Security Conference against a backdrop of an incipient trade war and US moves to take control of negotiations with Russia to end its war of aggression. It was the first time the electricity sector has been present at the annual conference, Birnbaum said, with previous energy discussions having centred around oil and gas. 'We wanted to raise awareness that, actually, the critical carrier of energy in the future is electricity,' he said. 'We are just a small sideshow of the big geopolitical show,' added Birnbaum, who is CEO of the German electricity firm acknowledging that political discussions about the war on Ukraine were 'much more important'. 'Nevertheless, I think that just by being here and publishing the report in the context of the Munich security conference, we are able to elevate the acknowledgment that something needs to be done,' he said. As well as addressing the hybrid threat of physical attacks – meaning military action and sabotage – and cyberattacks, Eurelectric also reiterated the need to bolster power grids and increase flexibility of demand as more and more variable renewable generation capacity is brought online. 'I would argue that the cyberthreat is the more imminent threat for Europe than the physical threat,' Birnbaum told reporters. 'And hopefully that remains for quite a while.' The EU was already banking on a massive roll-out of wind and solar power as part of its strategy to reach net-zero emissions by 2050, and raised near-term deployment targets immediately after the Kremlin launched its all-out invasion and weaponised gas supplies. The European Commission is working on a plan to end all Russian fossil fuels imports by 2027, but a new energy security strategy was not listed in the 2025 work programme the Commission published this week. When contacted by Euronews, a spokesperson for the EU executive recalled that president Ursula von der Leyen had, however, addressed the issue in her mission letter to the EU's new energy commissioner Dan Jørgensen. The Danish commissioner has been tasked with adapting the current security framework to "the geopolitical context and the electrification of the EU's energy system" while paying "close attention to emerging risks, such as climate change impacts, cyber-attacks and critical infrastructure". The Eurelectric report also points to the issue of raw materials supply, which Brussels has already recognised in a Critical Raw Materials Act adopted last year. Growing trade tensions have added to the impetus to ensure supply chains of materials essential to the energy transition, notably the lithium used in car batteries. Renewables targets were raised in the EU's wartime plan to 'repower' the union, and call for a near doubling of deployed wind and solar by 2030. The industry association WindEurope warned this week that many European governments were still being too slow to grant planning permission to new wind farms, a problem the industry has long blamed for stalling deployment. 'Look how it's worked in Germany – they're now permitting seven times as much wind as five years ago,' the lobby group's CEO Giles Dickson said. 'And it's not cost money – they've just put three words 'overriding public interest' in their laws and made sure the courts apply them.' Eurelectric's Birnbaum was adamant the urgent need to bolster domestically produced energy would not mean a return to coal – the only fossil fuel that is abundant within the EU. 'It's just not going to happen – the economics and the innovation are clear,' he said. 'In the meantime, as long as we have them, those fossil [fuels] obviously provide resilience, but we will eventually be forced to have this resilience even without them.'
Bloomberg
14-02-2025
- Business
- Bloomberg
European Energy Security Increasingly Threatened, EON CEO Says
The security of Europe's energy supply is more challenging than ever, EON SE Chief Executive Officer Leonhard Birnbaum said, pointing to attacks on Ukrainian infrastructure and cyber threats as examples. 'Energy, and power in particular, is being used as a weapon against us,' the German utility's Birnbaum said on a webinar on Friday as part of the Munich Security Conference. He mentioned the commercial weaponization of gas — with Russian flows to Europe being choked off — being followed by Moscow's attacks on Ukrainian energy facilities.
