Headline News:
- “Europe’s Electricity Prices Spike To €500/MWh” • Intense heat waves are threatening energy security across Europe. A scorching, arid summer is causing high electricity demand for air conditioning just as rivers warm up and dry out. For nuclear and hydropower the consequences are devastating, with prices rising to €500/MWh ($576/MWh). [OilPricecom]

Nuclear plant (Hansueli Krapf, CC BY-SA 3.0, cropped)
- “How Europe’s Drought Exposes ‘Weakness Of Fossil Fuels’ As Poland Is Forced To Shut Down Coal Plants” • Polish utility giant Enea has had to reduce generation at two coal-fired power plants after critically low water levels in the Vistula River limited the cooling water supplies. The move is said to have removed 1.3 GW from Poland’s power system. [Euronews]
- “Trump Administration To Pay $1.22 Billion To Cancel RWE Offshore Wind Leases” • The US will pay German energy firm RWE $1.22 billion to cancel its offshore wind leases off New York, California, and Louisiana. “After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future,” RWE said. [Euronews]
- “The Ford Fathom Is Here” • Finding a truck for less than $30,000 is nearly impossible in this market, but Ford Motor is betting that cash-strapped Americans will sign up to buy its all-new Fathom. It is an electric midsize pickup with a starting price of $28,350. Ford said it will be the first vehicle to be produced on its Universal Electric Vehicle Platform. [ABC News]
- “Court Overturns Trump Administration’s Wind Pause” • The US District Court for the District of Oregon has ruled in favor of clean energy developers. Judge Karin Immergut, who is a Trump appointee, ruled that DOD’s wind project review freeze “violates statutory and regulatory deadlines” and ordered DOD to resume review of onshore wind projects. [CleanTechnica]
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