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Industry

Poland coal power share falls nearly 20 points in four years as renewables expand

Coal’s position in Poland’s power market is shrinking as renewable generation rises. Coal’s share of total output fell to 52.7 percent in 2025 from 72.5 percent in 2021, while renewables climbed to 31.4 percent. Gas generation also increased. Despite lower output, coal plants remain as reserve capacity to support grid stability, and high-emissions units can still join capacity auctions under EU exemptions until end-2028.

Industry

SK Innovation to absorb SK IET as business division, targets operating profit break-even in 2029

SK Innovation plans to absorb SK IE Technology (SK IET) as a business division, targeting an annual EBITDA improvement of 60 billion won through organisational consolidation and lower interest costs. The merger is set for Jan. 1, 2027, and SK IET will cease to exist. The company aims to turn the separator business EBITDA positive within 2 to 3 years and expects operating profit to return to the black in 2029, with a focus on ESS demand.

Crypto

European crypto exchange ZondaCrypto in \'suspicious collapse\' as founder, successor CEO go missing

ZondaCrypto, a major crypto exchange in Eastern and Central Europe, has effectively collapsed, with its founder and a successor chief executive disappearing about four years apart. The exchange\'s website has shut down and its ZND token has lost 99.9 percent of its value, U.Today reported. Withdrawal delays have fuelled suspicions over operations and fund management. Questions have also risen over access to about 4,500 bitcoin the company said it held.