Monthly Archives: July 2023

MAN Truck & Bus Reports Robust Growth in Unit Sales and Revenue, Achieves Return Targets in H1 2023

(IN BRIEF) MAN Truck & Bus, a commercial vehicles manufacturer, reported strong performance in the first half of the year. Unit sales increased by 61% to 56,173 new vehicles, with sales revenue reaching €7.0 billion, a 41% year-on-year increase. The … Read the full press release

Experts Call for Early Intervention to Curb Childhood Obesity and Reduce Cardiovascular Disease Risk in Adulthood

(IN BRIEF) A scientific statement published in the European Journal of Preventive Cardiology highlights that childhood obesity is a critical factor leading to cardiovascular disease (CVD) in adulthood. Childhood obesity is on the rise globally, and the associated problems of … Read the full press release

SIX Swiss Exchange Witnesses Surge in Green Bond Listings, Now Offers Access to Over CHF 28 Billion in Green Bonds

(IN BRIEF) SIX Swiss Exchange reports significant growth in green bond activity in Switzerland, with over a hundred green bonds listed and/or traded, totaling CHF 28 billion in nominal value. Swiss issuers account for half of these bonds, and 91% … Read the full press release

Ericsson and Intel Partner to Advance Next-Generation Optimized 5G Infrastructure with Custom 5G SoCs and Intel Xeon Processors

(IN BRIEF) Ericsson and Intel have announced a strategic collaboration to utilize Intel’s manufacturing technology for Ericsson’s next-generation optimized 5G infrastructure. Intel will manufacture custom 5G SoCs for Ericsson to create highly differentiated products for future 5G infrastructure. They will … Read the full press release

GTT to Design LNG Fuel Tanks for Ten Ultra Large Container Vessels in Collaboration with Yangzijiang Shipyard

(IN BRIEF) GTT, a technological expert in containment systems with cryogenic membranes for liquefied gases, has secured an order from Yangzijiang, a Chinese shipyard, to design cryogenic fuel tanks for ten ultra large container vessels powered by LNG. The vessels … Read the full press release

Kapsch TrafficCom CTO Emphasizes Importance of Connected Vehicles for Safer and Greener Traffic

(IN BRIEF) Connected vehicle technology, in the form of Orchestrated Connected Corridors (OCCs), is enhancing road safety and traffic flow, benefiting both motorists and vulnerable road users. OCCs provide real-time traffic management capabilities and safety insights, addressing challenges like driver … Read the full press release

Clean Energy Giants Masdar (UAE) and Iberdrola Join Forces in €1.6 Billion / 476 MW Baltic Eagle Offshore Wind Farm Deal in Germany

(IN BRIEF) Masdar, the UAE’s flagship renewable energy company, partners with Iberdrola, a global clean energy leader, to invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake … Read the full press release

Germany’s Vice-Chancellor Robert Habeck Commits €2 Billion to thyssenkrupp’s Green Steel Project tkH2Steel

(IN BRIEF) Robert Habeck, Germany’s Vice-Chancellor and Minister for Economic Affairs and Climate Action, pledges around two billion euros in funding to thyssenkrupp Steel’s “tkH2Steel” decarbonization project. The joint effort with the state government of North Rhine-Westphalia aims to revolutionize … Read the full press release

Poll Highlights Swing Voters’ Support for Green Economy: RenewableUK’s Key Findings

(IN BRIEF) A recent independent poll conducted by Opinium Research for RenewableUK revealed that the majority of swing voters want more action on renewable energy. Among voters who supported the Conservatives but plan to switch to Labour, 67% believe the … Read the full press release

Rheinmetall Partners with Blau-Gelben Kreuz to Aid Children in Chernivtsi, Ukraine with €20,000 Donation

(IN BRIEF) Rheinmetall AG, a global corporation from Düsseldorf, has pledged €20,000 to aid displaced families and children in Chernivtsi, a partner city of Düsseldorf. The donation will be channeled through the German NGO, Blau-Gelben Kreuz / Deutsch-Ukrainischer Verein e.V. … Read the full press release

The People and Pentland Brands Join Forces to Bridge Age Gap in Boardrooms

(IN BRIEF) Pentland Brands and The People are teaming up to create a youth advisory board, inviting individuals under 30 from key markets to provide insights for strategic decisions. The board will offer diverse perspectives to enhance the employee experience … Read the full press release

Enel S.p.A. Reports Impressive 52% Surge in Net Income for H1 2023

(IN BRIEF) Enel S.p.A., a multinational energy company, announced its financial results for the first half of 2023. The company showcased robust growth in key financial metrics, with revenues of 47,095 million euros (-28.2%) and ordinary EBITDA of 10,739 million … Read the full press release

Saab Awarded EUR 52m Contract for Airborne Early Warning Aircraft by Poland

(IN BRIEF) Saab, a leading defence and security company, has received an order worth approximately SEK 600 million (~EUR 52 million)  from Poland’s Ministry of National Defence for two Saab 340 Airborne Early Warning (AEW) aircraft equipped with Saab’s advanced … Read the full press release

autoTicket GmbH Finalizes Settlement Agreement with Germany, Receives EUR 243 Million Payment

(IN BRIEF) On July 5, 2023, autoTicket GmbH, a joint venture of Kapsch TrafficCom AG and CTS Eventim AG Co. KGaA, reached a settlement agreement with the Federal Republic of Germany to end arbitration proceedings related to the termination of … Read the full press release

Lightsource bp Bolsters APAC Leadership Team with Key Hires, Strengthening Its Global Solar Presence

(IN BRIEF) Lightsource bp, a global solar leader, has welcomed two key new hires to its senior management team in the APAC region. Bin Fu has been appointed as the Regional Head for Taiwan, bringing 13 years of experience in … Read the full press release

Lightsource bp Retains No. 2 Spot on Solar Power World’s 2023 Top Solar Developers List in the U.S.

(IN BRIEF) Lightsource bp, a global leader in solar energy and energy storage projects, has been ranked as the #2 utility-scale solar developer in the U.S. by Solar Power World in their 2023 Top Solar Developers list. This recognition is … Read the full press release

GTT Secures ClassNK Approval for Revolutionary Liquid Hydrogen Containment System, Aiding Energy Transition

(IN BRIEF) GTT, a technology expert in containment systems for cryogenic membranes, has received Approval in Principle (AiP) from ClassNK, a Japanese classification society, for a new concept of membrane-type containment system for liquefied hydrogen (LH2) transportation. The scalable system … Read the full press release

ORLEN Group Expands Renewable Energy Holdings with Greenvolt Acquisition, Aiming for 9 GW Capacity by 2030

(IN BRIEF) The ORLEN Group, a Polish energy company, is strengthening its renewable energy segment by acquiring two projects from Greenvolt. The projects, located in the Poznań Province, consist of a 22 MW photovoltaic farm and a 26 MW wind … Read the full press release

Dassault Systèmes Demonstrates Enhanced GEOVIA Mining Software Solutions at 26th World Mining Congress

(IN BRIEF) Dassault Systèmes is showcasing its GEOVIA mining software solutions during the 26th World Mining Congress in Brisbane, Australia. The GEOVIA portfolio, including geology, earth design, earth resources management, and geospatial capabilities, is being integrated into the 3DEXPERIENCE platform. … Read the full press release

TotalEnergies Strengthens Renewable Energy Position with Full Acquisition of Total Eren and New Green Hydrogen Partnership

(IN BRIEF) TotalEnergies, a global multi-energy company, has fully acquired Total Eren after a successful strategic alliance of five years. The acquisition increases TotalEnergies’ stake from close to 30% to 100%, integrating Total Eren’s teams within TotalEnergies’ Renewables business unit. … Read the full press release

CUPRA and Italian eyewear brand L.G.R Introduce Trio of Stylish Sunglasses in Their Second Collaborative Collection

(IN BRIEF) CUPRA has partnered with Italian eyewear brand L.G.R for the second time to unveil a new eyewear collection. The collaboration features three sunglasses models: Tribe, Reunion Metal Explorer, and Nomad II, each embodying the unique design perspective and … Read the full press release

SEAT and CUPRA Extend Partnership with Catorce/DDB as Global Creative Agency for Next Three Years

(IN BRIEF) SEAT S.A. and its brands SEAT, CUPRA, and SEAT MÓ have expanded their partnership with Catorce/DDB, a Barcelona-based creative agency. Catorce/DDB will continue as the global creative agency for the automotive company under a new three-year contract starting … Read the full press release

RWE Raises Earnings Outlook for 2023 on Strong First-Half Performance in International Power Generation

(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release

DHL Group Expands E-commerce Footprint with Acquisition of MNG Kargo in Turkey’s Thriving Market

(IN BRIEF) DHL Group has agreed to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, aiming to strengthen its position in the rapidly growing Turkish parcel and e-commerce market. … Read the full press release

EIF and SG Equipment Finance Collaborate to Boost Digital Transition for Czech and Slovak Companies with €25 Million Investment

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release

EBRD Appoints Catarina Bjorlin Hansen as Head of Moldova to Strengthen Investment and EU Ties

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Catarina Bjorlin Hansen as the new Head of Moldova, effective from 1st September 2023. In her new role, Ms. Bjorlin Hansen will lead the EBRD’s operations in Moldova, … Read the full press release

Moldova’s Improved Road Infrastructure: EBRD-Financed Ciumai-Vulcanesti Road Section Opens

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has financed the rehabilitation of the 55-km Ciumai-Vulcanesti road section in Moldova. The road is an essential part of the strategic M3 Chișinău-Giurgiulești road, connecting Trans-European Network corridors and providing … Read the full press release

EIB Approves €575 Million Loan to Boost Repsol’s Renewable Energy Projects in Spain

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s renewable energy projects in Spain, which will include wind and solar photovoltaic plants with a total capacity of 1.1 GW. The loan, signed in … Read the full press release

Eni’s Strategic Move: Acquiring Chevron’s Interests in East Kalimantan Blocks

(IN BRIEF) Eni, a global energy company, announces the successful acquisition of Chevron interests in the Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, offshore East Kalimantan. Eni already held a 20% interest … Read the full press release

Shell Divests 35 percent Participating Interest in Indonesia’s Masela Gas Project

(IN BRIEF) Shell plc’s subsidiary, Shell Upstream Overseas Services (I) Limited (“SUOS”), has agreed to sell its 35% participating interest in Indonesia’s Masela Production Sharing Contract (“Masela PSC”) to PT Pertamina Hulu Energi (“PHE”) and PETRONAS Masela Sdn. Bhd (“PETRONAS … Read the full press release

Lighting the Way: Škoda Introduces Striking Matrix-LED Headlight Upgrades in Scala and Kami

(IN BRIEF) Škoda Auto has released design sketches showcasing the refreshed front end and all-new headlights of the Škoda Scala compact model and Škoda Kamiq city SUV. The Scala’s reshaped headlights now extend to the grille, featuring distinctive daytime running … Read the full press release

Euroclear’s Michael Carty to Lead LME Clear as CEO

(IN BRIEF) LME Clear has appointed Michael Carty as its new Chief Executive Officer and LME Clear Board Director, effective from October 2, 2023. With extensive experience in financial infrastructure and technology, Michael joins from Euroclear Group, where he held … Read the full press release

EIB Boosts Repsol’s Green Vision with €575 Million Loan for Spanish Renewables

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release

European Energy Transition: Repsol Warns Against Overdependence on China and Russia

(IN BRIEF) During the General Shareholders’ Meeting, Repsol’s Chairman, Antonio Brufau, highlighted the company’s commitment to the energy transition and its potential for an “enormous opportunity.” Repsol aims to transform its business with a focus on human, technological, and industrial … Read the full press release

LEAG Advances Energy Transition with Permit Application for Innovative Power-to-X Plant in Germany

(IN BRIEF) Lausitz Energie Kraftwerke AG (LEAG), the largest private energy company in eastern Germany, has submitted a permit application for the construction of an innovative Power-to-X plant in Jänschwalde, Lusatia. The plant will store and re-electrify excess renewable energy … Read the full press release

Skanska Awarded $70M Contract to Redevelop Historic Clayton University Center at Lehigh University

(IN BRIEF) Skanska has secured a contract with Lehigh University to redevelop the Clayton University Center on its campus in Pennsylvania, USA, at a cost of USD 70 million (SEK 730 million). The renovation project involves upgrading various utilities, installing … Read the full press release

Roche and Alnylam Partner to Develop Promising RNAi Therapy for Hypertension Treatment

(IN BRIEF) Roche and Alnylam have entered into a partnership to jointly develop and commercialize zilebesiran, an investigational RNAi therapeutic for the treatment of hypertension. Hypertension affects a significant number of adults worldwide and is a major risk factor for … Read the full press release

Schneider Electric Opens Applications for 2023 Sustainability Impact Awards, Expands to Include Customers and Suppliers

(IN BRIEF) Schneider Electric has announced the opening of applications for the second installment of the Schneider Electric Sustainability Impact Awards. Launched in 2022, these awards recognize the contributions of Schneider’s partner ecosystem in promoting sustainability and digital transformation in … Read the full press release

Ørsted to Divest Remaining Stake in London Array Offshore Wind Farm for £717 Million

(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release