Monthly Archives: July 2023

Rheinmetall’s Mission Master SP Impresses in Estonian Autonomy Trials, Sets Bar for UGV Technology

(IN BRIEF) Rheinmetall, a leading autonomous technology company, demonstrated its expertise in unmanned ground vehicle (UGV) technology during the Unmanned Ground Vehicle Autonomy Trials in Estonia. The trials, organized by the Estonian Military Academy and Defence Forces, attracted experts from … Read the full press release

Moroccan SME Neodenim Adopts Sustainable Clothing Production with EBRD Support

(IN BRIEF) Moroccan SME, Neodenim, supported by the European Bank for Reconstruction and Development (EBRD), has adopted more energy-efficient and sustainable clothing production practices. With the installation of new machines, the company now reduces energy, water, and chemical consumption during … Read the full press release

Italian A32 Motorway Gets €247 Million Boost from EIB and Partners

(IN BRIEF) European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP), UniCredit, SACE, and Società Italiana per il Traforo Autostradale del Frejus S.p.A (SITAF) have agreed to provide €247 million for the modernization and safety improvement of the A32 motorway … Read the full press release

Tech4Planet Welcomes Snam as Corporate Partner for Green Innovation

(IN BRIEF) Snam, a prominent energy company, has partnered with Tech4Planet, a National Technology Transfer Hub established by CDP Venture Capital Sgr. The initiative aims to support startups focused on environmental sustainability projects originating from research laboratories. Snam will focus … Read the full press release

Empowering Remote Diagnostics: Henkel Showcases Cutting-Edge Medical Wearables at WEARABLE TECHNOLOGIES CONFERENCE 2023 USA

(IN BRIEF) Henkel, a leading industrial and consumer goods company, announces the expansion of its portfolio for healthcare applications, focusing on medical wearables. With a strong background in adhesives and electronic materials, Henkel aims to provide innovative solutions to optimize … Read the full press release

TX Logistik AG to Become Second Largest Freight Operator in Germany with Acquisition of Exploris Group

(IN BRIEF) TX Logistik AG, a subsidiary of FS Italiane Group’s Logistics Business Units, has signed a purchase agreement to acquire Exploris Deutschland Holding GmbH Hamburg, a European rail freight transportation company. This acquisition will make TX Logistik the second … Read the full press release

Polish Navy Commences Construction of Advanced Signals Intelligence Ships with Saab and Remontowa Partnership

(IN BRIEF) The keel laying ceremony for the first of two new Polish signals intelligence (SIGINT) ships was held at Remontowa Shipbuilding S.A. in Gdansk, Poland. Saab was awarded the contract to design and produce the SIGINT ships for the … Read the full press release

Evonik’s Climate Targets Confirmed by Science-Based Initiative, Paving the Way for Sustainable Growth

(IN BRIEF) Evonik’s climate targets have been scientifically verified and confirmed by the independent Science Based Targets initiative (SBTi), aligning with the Paris Agreement’s goal of limiting global warming. The company aims to reduce greenhouse gas emissions by 25% by … Read the full press release

Schroders Welcomes Annette Thomas as Independent Non-executive Director, Bids Farewell to Outgoing Director

(IN BRIEF) Schroders plc has announced the appointment of Annette Thomas as an Independent Non-executive Director, effective from September 1, 2023. Annette has a distinguished career in leading global publishing and data analytics businesses, with expertise in information, data, education, … Read the full press release

DNV Assists Actis in Inaugural Acquisition of Japan-Focused Renewables Fund with Due Diligence Expertise

(IN BRIEF) DNV, a global independent energy expert and assurance provider, has provided due diligence services to Actis GP LLP, a sustainable infrastructure investor, for their inaugural acquisition of a new Japan-focused renewables infrastructure fund. Actis acquired HERGO Japan Energy’s … Read the full press release

Elogen Partners with Valmax for 2.5 MW PEM Electrolyser to Produce Green Hydrogen in South Korea

(IN BRIEF) Elogen, a company within the GTT group, has entered into a contract with Valmax Technology Corporation to design and manufacture a Proton Exchange Membrane (PEM) electrolyser with a power of 2.5 MW. The electrolyser will have a production … Read the full press release

HELLENiQ ENERGY Secures €766 Million Financing Deal for Expanding Renewable Energy Portfolio in Greece

(IN BRIEF) HELLENiQ ENERGY’s subsidiary, HELLENiQ Renewables, has signed a financing framework agreement of up to €766 million with National Bank of Greece S.A. and Eurobank S.A. The agreement aims to implement multiple financing arrangements for electricity generation from Renewable … Read the full press release

Microbiologist Receives £676,580 NERC Grant to Investigate Dormant Bacteria Behind Cholera Outbreaks

(IN BRIEF) Dr. Sariqa Wagley, a microbiologist at the University of Exeter, has been awarded a £676,580 NERC Independent Research Fellowship to investigate dormant bacteria causing cholera and gastroenteric outbreaks. The research will focus on Vibrio species, responsible for human … Read the full press release

New App Links Carbon Emissions to Melting Arctic Sea Ice, Revealing Impact on Global Warming

(IN BRIEF) A new app developed by Arctic Basecamp, in collaboration with Earthrise Media, uses AI and ClimateTRACE data to reveal the impact of global carbon emissions on rapidly melting Arctic sea ice. The app allows users to input a … Read the full press release

CAF MiiRA and Euskotren Join Forces to Quiet Trains and Enhance Rail Travel Experience

(IN BRIEF) CAF MiiRA, a leading supplier of comprehensive wheelset solutions for the railway industry, is collaborating with Euskotren, a prominent transportation operator in Euskadi, to reduce train noise by testing innovative wheel soundproofing systems. The goal is to minimize … Read the full press release

Anglo American Names John Heasley as New Finance Director to Drive Financial Strategy and Sustainable Mining Initiatives

(IN BRIEF) Anglo American plc has appointed John Heasley as Finance Director, effective by the end of 2023. Heasley currently serves as the Chief Financial Officer of The Weir Group PLC, a global engineering company. He will join Anglo American’s … Read the full press release

Anglo American Reports Interim Results with 41% Decrease in EBITDA Amid Challenging Market Conditions

(IN BRIEF) Anglo American reported its interim financial results for the first half of 2023, showing a 41% decrease in underlying EBITDA, largely due to weaker product prices. Despite macro headwinds, the company is on track to achieve its full-year … Read the full press release

VERBUND Reports Strong Financial Results in Q1-Q2 2023, Continues Renewable Energy Expansion

(IN BRIEF) VERBUND, an energy company, reported strong financial results for the first half of 2023, with a significant increase in EBITDA and Group result compared to the previous year. The improvement was attributed to falling wholesale gas and electricity … Read the full press release

EIF and Banco Santander Partner to Support SMEs with €200 Million Guarantee for Green and Digital Innovations

(IN BRIEF) The European Investment Fund (EIF) and Banco Santander have signed an InvestEU portfolio guarantee agreement worth €200 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Spain and other EU countries. With this guarantee, Banco … Read the full press release

CERN’s AWAKE Accelerator Enters Second Phase with Upgraded Plasma Source, Paving the Way for Novel Particle Acceleration Method

(IN BRIEF) AWAKE, a plasma accelerator at CERN, is gearing up for its second phase of data taking with an upgraded plasma source. The accelerator utilizes plasma wakefield acceleration, a novel method that accelerates particles by riding on waves created … Read the full press release

BNP Paribas Receives Approval for 2.5 Billion Euro Share Buyback Program, Second Tranche to Begin in August

(IN BRIEF) BNP Paribas has received approval from the European Central Bank for the second tranche of its 2023 share buyback program, totaling 2.5 billion euros. The first tranche of the program, also worth 2.5 billion euros, was launched in … Read the full press release

AXA Launches AXA Secure GPT, an Internal Secure AI Platform for Employee Use

(IN BRIEF) AXA, the insurance company, has introduced a new internal service called AXA Secure GPT, which is built on Microsoft’s Azure OpenAI Service. Developed in collaboration with Microsoft, this service offers AXA employees access to a secure digital platform … Read the full press release

BAE Systems and Parsons Join Forces for Holston Army Ammunition Plant Modernization and National Security Enhancement

(IN BRIEF) BAE Systems Ordnance Systems Inc. is collaborating with Parsons Corporation to undertake the modernization of the Holston Army Ammunition Plant, as they seek to become the operating contractor until 2035. BAE Systems will bring its expertise in program … Read the full press release

Aviva Research Shows UK Financial Advisers Prepared for Consumer Duty, But Challenges Remain Ahead of Deadline

(IN BRIEF) According to research by Aviva, financial advisers in the UK are largely prepared to evidence their work on Consumer Duty outcomes, with over 90% indicating that they have either completed or are currently working on providing evidence for … Read the full press release

Pioneering CO2-Optimization: Siemens and BayWa Pilot Joint Green Initiative

(IN BRIEF) Siemens and BayWa AG have joined forces in a pilot project to advance CO2-optimized industrial production. The partnership combines Sigreen, Siemens’ emissions management software, with BayWa Carbon Connect, BayWa’s software for emissions offsetting. The collaboration aims to provide … Read the full press release

Global Factory Service Specialist Leadec Expands in Western France with New Packaging Handling Center

(IN BRIEF) Leadec, a global service specialist for factories, has established a new company in Saint-Barthélemy-d’Anjou, Western France. The company has rented a factory building of over 12,000 m2 to create a packaging handling center for a commercial vehicle manufacturer. … Read the full press release

Renewable Energy Surpasses Fossil Fuels for Second Year Running in UK’s Record-Breaking 2022

(IN BRIEF) The UK Department for Energy Security and Net Zero has released new statistics showing that renewables generated a record-breaking amount of electricity in 2022, surpassing fossil fuels for the second consecutive year. Renewable sources accounted for 41.5% of … Read the full press release

Telecom Giants Unite to Launch Global Telco AI Alliance for Customer Experience Revolution

(IN BRIEF) Leading telecommunications companies SK Telecom, Deutsche Telekom, e&, and Singtel have joined forces to create the Global Telco AI Alliance. The alliance aims to leverage AI technology to enhance customer experiences and revolutionize global citizens’ lives. The telcos … Read the full press release

Survey Challenges Wind Power Stereotypes: Majority in Wind Farm Vicinity Back Further Development

(IN BRIEF) A recent survey conducted in Northumberland, north-east England, revealed surprising results about attitudes towards wind power. Contrary to popular belief, three-quarters of respondents living near wind turbines supported onshore wind farms and wished to see further growth in … Read the full press release

Vodacom Launches eSIM Support, Enabling Eco-Friendly Connectivity and Enhanced Flexibility for Customers in South Africa

(IN BRIEF) Vodacom has introduced eSIM support for all smartphone plans, enabling customers in South Africa to benefit from the convenience and flexibility of eSIM technology. With eSIMs, users can easily connect to the Vodacom network and have multiple eSIMs … Read the full press release

Telekom Launches ‘Against Hate on the Net’ Initiative to Combat Hate Speech and Promote Digital Solidarity

(IN BRIEF) Telekom is launching its initiative “Against hate on the Net” with a new spot on the International Action Day for Victims of Hate Crime. The spot urges people to take action against hate speech on the internet by … Read the full press release

BAE Systems to Supply Advanced Electric Propulsion Systems for Toronto Transit Commission’s Zero-Emission Bus Fleet

(IN BRIEF) BAE Systems, a leader in heavy-duty electric propulsion, will provide up to 541 Gen3 electric power and propulsion systems for the Toronto Transit Commission’s (TTC) new battery-electric bus fleet. The Gen3 technology builds on BAE Systems’ proven components … Read the full press release

MSC Subsidiary MEDWAY Belgium Expands Rail Fleet with Siemens’ Vectron Locomotives for European Freight Transport

(IN BRIEF) MSC’s subsidiary MEDWAY Belgium NV has placed an order for 15 Vectron MS locomotives from Siemens Mobility. The locomotives will be used for cross-border freight transport in Europe and to supplement container transport in serving the eastern hinterland … Read the full press release

Enel Enters Joint Venture with Macquarie Asset Management, Sells 50% Stake in Greek Subsidiary for 345 Million Euros

(IN BRIEF) Enel S.p.A. has entered into an agreement with Macquarie Asset Management to sell 50% of its renewable subsidiary in Greece, Enel Green Power Hellas (EGPH), for approximately 345 million euros. Upon closing the transaction, Enel Green Power S.p.A. … Read the full press release

Eni and SLB Collaborate to Enhance Pipeline Safety and Monitoring with e-vpms® Technology

(IN BRIEF) Eni, through its subsidiary Enivibes, and SLB (Schlumberger) have formed an alliance to deploy e-vpms® (Eni Vibroacoustic Pipeline Monitoring System), an innovative technology developed by Eni. The e-vpms® system utilizes vibroacoustic wave detection to provide real-time analysis, monitoring, … Read the full press release

Volkswagen and Audi Forge Strategic Partnerships with Chinese Automakers to Accelerate E-Mobility Expansion in China

(IN BRIEF) Volkswagen Group is expanding its presence in the fast-growing e-mobility market in China through strategic cooperations with local automakers. The VW brand has signed a technological framework agreement with XPENG for joint development of two electric models in … Read the full press release

Logicor’s Ambitious Redevelopment Plan Creates Modern and Sustainable Logistics Hub in the UK’s Golden Triangle

(IN BRIEF) Logicor, a prominent logistics real estate owner and manager in Europe, is embarking on its largest redevelopment project in the UK. The site, located in the Midlands, within the Golden Triangle logistics hub, will be transformed into Logicor … Read the full press release

Albania’s First Onshore Wind Auction Sees Success with EBRD Support and Record Prices

(IN BRIEF) Albania has announced the results of its first utility-scale bidder-selected site auction for onshore wind, part of the country’s third renewable energy auction. Three bidders, Total Eren, Guris, and Verbund, have been awarded a total capacity of 222.48 … Read the full press release

EBRD Expands Support to Ukraine’s KredoBank with €25 Million Guarantee Facility for Critical Industries and Food Security

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation with KredoBank, a subsidiary of PKO Bank Polski, to support food security and critical industries in wartime Ukraine. The EBRD provides a €25 million guarantee facility … Read the full press release

Serbia Inaugurates First Section of ‘Peace Highway’ Linking Niš and Merdare with EU Support

(IN BRIEF) The first 5.5 km section of the Niš-Merdare highway, also known as the “Peace Highway,” was inaugurated in Serbia. The project, a flagship under the Economic and Investment Plan, aims to halve travel time between Niš and Merdare, … Read the full press release