Lars Paulsson

Hydropower, a key export from Norway, is being tested by the country’s driest winter in years, pushing electricity prices higher.

The country acts as Europe’s battery, but it doesn’t have enough charge after below-normal snowfall.

High in the mountains of southern Norway, where winter is usually measured in metres of snow, engineers are confronting an unfamiliar sight.

Residents of the UK and Germany are feeling the pinch as lack of snow in Scandinavia means less electricity generated from hydropower. The lack of snow mirrors snow drought in California, which scientists say is a consequence of climate change.

Ailing Swedish startup Stegra AB has secured funding commitments from the influential Wallenberg family in a rescue package that will help the company complete the world’s biggest green-steel plant and ensure it stays in business, Dagens Industri reported.

Ailing Swedish startup Stegra AB has secured funding from the influential Wallenberg family to help the company complete what will be the world’s biggest green-steel plant.

European natural gas prices edged lower, as reports of an attack on a tanker raised doubts about a US plan to begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz.

Grid operators are building new defenses against sabotage and cyberattacks

The helicopter flying over fields, rivers and villages in central Poland is loaded with high-tech cameras and sensors. The pilot, an army veteran who served in Iraq and Afghanistan, keeps the small Robinson R66 low to the ground.

Benchmark futures fell as much as 6.7%