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HomeWeekly Top 5Top 5 stories of the week: 11 - 17 August

Top 5 stories of the week: 11 – 17 August

1. AI enters Central and Eastern Europe

The Inven Capital Fund, owned by Czech nuclear energy company CEZ Group, has invested in WINT, an Israeli start-up using article intelligence (AI), machine learning and data analytics for efficient water management. As noted by CEZ, WINT’s smart solutions can reduce water consumption in buildings by an average of 20 to 25 per cent. Read the full story here.

2. Is Ukraine ready for the upcoming heating season?

Following recent news about the strong foreign interest in Ukraine’s underground storage facilities, Ukrainian Energy Minister German Galushchenko said this past weekend that the country’s gas production and injection into storage facilities are taking place according to schedule, alongside an increase in the rate of gas production. Read the full story here.

3. Greece-Bulgaria interconnector set to increase capacity?

Over 82 per cent of the total technical capacity of the Greece-Bulgaria interconnector (IGB) for the next gas year (2023-2024) has already been booked, which is currently operating at a total technical capacity of 3.3 billion cubic metres (bcm) per year. Reacting to the company’s latest results, Executive Officers Teodora Georgieva and George Satlas said that the IBG is “already looking at expanding its capacity to 5 bcm/y given the market interest.” Read the full story here.

4. Lithuania continues its green transition

Moving to the world of renewables, Ignitis Renewables’s first independently built wind farm in Lithuania has now officially begun commercial operation. The wind farm, located in the northwestern Mažeikiai district, has an installed capacity of 63 megawatts (MW) which can power over 50,000 households. Read the full story here.

5. Poland’s new agency for energy security not far away

The establishment of Poland’s National Energy Security Agency is on the final straight, Polish Minister of State Assets Jacek Sasin recently confirmed. The new agency is set to play a key role in Poland’s green transition as it will be responsible for buying out coal assets from Polish energy companies, which will help them raise capital for zero- and low-emission investments. Read the full story here.

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