Daily Archives: 1, February 2024

EBRD Provides $100 Million Loan to Enerjisa for Earthquake-Hit Electricity Network Reconstruction in Turkey

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to $100 million to Enerjisa Enerji A.S. in Turkey to support the modernization and reconstruction of the electricity distribution network in the earthquake-affected Toroslar … Read the full press release

RESA and EIB Sign €190 Million Loan Agreement to Advance Energy Transition

(IN BRIEF) RESA, an energy distribution network operator, has partnered with the European Investment Bank (EIB) to secure a €190 million loan agreement to support the first phase of its industrial plan for 2023-2026. The energy transition necessitates substantial investments … Read the full press release

EIB and TBC Bank Partner to Boost SME Financing in Georgia

(IN BRIEF) The European Investment Bank (EIB) has signed a guarantee agreement with TBC Bank, supported by the European Union, to provide favorable financing terms and reduced collateral requirements for the local private sector in Georgia. This partnership will enable … Read the full press release

Mercedes-Benz Chooses Continental Tires for Enhanced Efficiency and Safety in E-Class

(IN BRIEF) Mercedes-Benz has once again partnered with Continental for its new E-Class model, equipping it with EcoContact 6 Q tires known for energy-efficient driving and reduced noise levels. These tires offer benefits such as extended service life and low … Read the full press release

SCC Partners with iboss to Introduce Cutting-Edge Zero Trust Security Service

(IN BRIEF) SCC is excited to announce its strategic partnership with iboss, a renowned leader in cloud security, to deliver an innovative Zero Trust security service. Recognizing the evolving landscape of cloud-first environments, SCC aims to provide robust security solutions … Read the full press release

Evonik Expands Silica Production in Charleston, USA to Meet Growing Tire Industry Demand

(IN BRIEF) Evonik, a prominent silica producer, is investing in the expansion of its precipitated silica plant in Charleston, USA, to meet the rising demand, particularly from the tire industry in North America. The investment, amounting to a mid-double-digit million … Read the full press release

Growth Fund LLO-Katalystor Grants €2 Million for Energy Transition Training in Twente

(IN BRIEF) The Growth Fund LLO-Katalystor has awarded a €2 million grant to a collaborative partnership involving Saxion University of Applied Sciences, ROC Twente, University of Twente, and various other partners in Twente. This initiative aims to address the challenges … Read the full press release

Ericsson Authorized as CVE Numbering Authority (CNA) to Enhance Cybersecurity

(IN BRIEF) Ericsson has obtained authorization as a CVE Numbering Authority (CNA), allowing the company to identify and document publicly disclosed software system vulnerabilities. This designation enables Ericsson to contribute to global cybersecurity efforts and strengthen digital resilience. As a … Read the full press release

EOS Investment Management Group Acquires Six Solar Greenfield Projects in Italy from Lightsource bp

(IN BRIEF) EOS Investment Management Group (EOS IM) and Lightsource bp have finalized the sale of six solar greenfield projects in Italy to EOS IM, adding a 294MW portfolio to their existing solar power assets in Italy. These projects, either … Read the full press release

Lightsource bp Hosts New Energy Business School for In-Depth Discussion on Energy Transition

(IN BRIEF) Lightsource bp recently held the New Energy Business School for the second consecutive year, offering a comprehensive two-day program focused on energy transition business and leadership. Located in the Netherlands, the school provides advanced education in various aspects … Read the full press release

DNV Launches Training Hub for Industrial Knowledge (THInK) in Abu Dhabi

(IN BRIEF) DNV, a leading independent assurance and risk management provider, has officially opened its Training Hub for Industrial Knowledge (THInK) in Abu Dhabi, United Arab Emirates. This state-of-the-art training facility, the first of its kind in the region, aims … Read the full press release

Sweden and France Strengthen Defense Cooperation with Saab and MBDA Partnership

(IN BRIEF) Sweden and France have signed a strategic partnership agreement aimed at bolstering their defense collaboration, focusing on anti-tank and air defense capabilities. As part of this initiative, Saab and MBDA, the CEOs of which are Micael Johansson and … Read the full press release

Ather Energy Expands Partnership with Siemens for Faster Electric Scooter Development

(IN BRIEF) Ather Energy, a leading Indian electric scooter manufacturer, has increased its utilization of Siemens’ Xcelerator portfolio of industry software to streamline its design and engineering processes, enhance product quality, and expedite time-to-market for its electric two-wheelers. Siemens Digital … Read the full press release

Škoda Celebrates Superb’s 90th Anniversary and Showcases Past, Present, and Future at Rétromobile Exhibition

(IN BRIEF) Škoda is marking the 90th anniversary of the Superb’s production launch at the Rétromobile exhibition in Paris, featuring a diverse display of historic and contemporary vehicles. Among the highlights are the iconic Škoda Superb from different eras, the … Read the full press release

BASF and IRRI Collaborate on “OPTIMA Rice” Initiative to Reduce GHG Emissions in Rice Production”

(IN BRIEF) BASF has teamed up with the International Rice Research Institute (IRRI) to launch the “OPTIMA Rice” project aimed at curbing greenhouse gas (GHG) emissions in rice production. The initiative supports BASF’s commitment to reducing carbon dioxide equivalent (CO2e) … Read the full press release

Deutsche Telekom Launches “Lights On! Against Hate Speech” Campaign to Combat Online Extremism

(IN BRIEF) Deutsche Telekom has initiated the “Lights On! Against hate speech” campaign, taking a stand against hate, racism, and anti-Semitism. The campaign, starting on February 1, 2024, aims to promote democratic cohesion, tolerance, and unity against extremism in society … Read the full press release

Rolls-Royce Unveils Next-Generation mtu Series 1600 Gx1 Diesel Engine for Sustainable Power Generation

(IN BRIEF) Rolls-Royce’s new generation of the 12-cylinder mtu Series 1600 Gx1 diesel engine is designed to set a benchmark in performance, flexibility, life-cycle costs, and lower carbon emissions. This advanced engine, with up to 1000 kilowatts of power, targets … Read the full press release

Barclays Strengthens Credit Trading Leadership in Asia Pacific with Abhay Kumar Sinha Appointment

(IN BRIEF) Barclays has announced the appointment of Abhay Kumar Sinha as the Co-Head of Credit Trading for Asia Pacific. Based in Singapore, Mr. Sinha, with over 25 years of experience in the credit industry, joins Barclays from Deutsche Bank, … Read the full press release

Equinor’s 2023 Safety Results Show Positive Trends and Reduced Incidents

(IN BRIEF) Equinor, a leading energy company, has reported positive safety trends in its 2023 safety results. The serious incident frequency per million hours worked (SIF) remained stable at 0.4 in the fourth quarter of 2023 compared to the end … Read the full press release

The Future of Cancer Detection: Multi-Cancer Blood Tests Raise Hope and Questions

(IN BRIEF) Multi-cancer early detection (MCED) blood tests hold the promise of revolutionizing cancer screening by providing a comprehensive, minimally invasive screening option for multiple types of cancer in a single blood sample. These tests offer the potential to increase … Read the full press release

Nordic Aviation Leaders and Vattenfall Team Up to Explore Hydrogen-Powered Airports in Sweden and Norway

(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release