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Latest Intelligence
Standard Chartered Launches Supply Chain Decarbonization Platform for Suppliers
Standard Chartered has introduced "Supply Net Zero," a platform designed to help suppliers map emissions sources across their operations and identify concrete reduction actions. The tool targets a persistent gap in corporate decarbonization efforts: most buyers can report their Scope 3 emissions in aggregate, but their suppliers often lack the resources to act on that data. For EU procurement teams under CSRD reporting obligations, this signals growing pressure from financial institutions to embed supplier-level emissions tracking directly into supply chain relationships, not just annual disclosures.
Air Products Locks 75GWh/Year RWE Power Deal for Rotterdam Hydrogen
Air Products has signed a 75GWh/year power purchase agreement with RWE to supply renewable electricity for its Rotterdam hydrogen production facilities and a new liquefaction unit. The deal secures long-term green power for electrolysis and liquefaction at one of Europe's key hydrogen import and distribution hubs, reinforcing Rotterdam's position as a Northwest European hydrogen corridor anchor.
Toyota and IVECO Partner on EU-Funded Hydrogen Truck Project
Toyota and IVECO are combining fuel cell technology development under the EMPOWER project, an EU-funded initiative targeting next-generation hydrogen fuel cell systems for heavy-duty trucks. The partnership pairs Toyota's fuel cell expertise with IVECO's commercial vehicle manufacturing base, positioning both companies to compete in the emerging zero-emission heavy transport segment as EU CO2 standards for trucks tighten through 2030.
Romania Opens €650 Million Fund for Public Solar-Storage Projects
Romania will fund up to 100% of installation costs for solar-plus-storage systems at public institutions, with calls for proposals opening tomorrow. The scheme also covers retrofitting storage onto existing PV installations, positioning Romania as one of the more aggressive EU markets for publicly funded battery deployment this year.
Romania's Părău 1 hybrid site adds 70 MW/141 MWh merchant battery
Econergy has commissioned a 70 MW/141 MWh battery storage system alongside its existing 92 MW solar plant in Romania, creating a 162 MW hybrid asset. The BESS operates on a fully merchant basis, charging from the grid during low or negative price periods, with Econergy projecting €9.7 million in storage revenue. This confirms merchant storage economics are viable in Eastern European markets without subsidy support.
EU Rapporteurs Push to Raise IAA Local Content Threshold to 50%
Rapporteurs on the Industrial Accelerator Act are proposing to lift the "Made in Europe" content requirement to 50%, alongside stricter anti-circumvention rules for solar and battery components. If adopted, manufacturers relying on partially-assembled imports will need to prove significantly higher EU-based value addition to qualify for public procurement and support schemes.
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