Daily Archives: 13, March 2024

Germany’s Renewable Future: PNE Group Awarded Contracts for 26.4 MW Wind Farms

(IN BRIEF) PNE Group secures contracts for three new wind farms totaling 26.4 MW capacity through successful bids in the Bundesnetzagentur’s round of tenders. The awarded projects include expansions in Schleswig-Holstein and Hesse, along with a new development in Brandenburg. … Read the full press release

Neste Announces Completion of Organizational Merger and Restructuring

(IN BRIEF) Neste has finalized its organizational restructuring, merging its three renewable business units into one and restructuring functions to align with business-driven operations. The move aims to enhance cost-efficiency, competitiveness, and execution of growth strategy. Approximately 400 job roles … Read the full press release

Neural Labs Enhances Smart City Solutions with Thales Cloud Licensing Integration

(IN BRIEF) Thales and Neural Labs have expanded their partnership to incorporate cloud licensing, enabling Neural Labs to deploy and update licenses for their Smart Cities and Intelligent Transportation Systems solutions from any location. This collaboration, spanning over two decades, … Read the full press release

New Wolters Kluwer Tool Simplifies OECD Pillar Two Compliance for North American Corporates

(IN BRIEF) Wolters Kluwer has launched its CCH® Tagetik Global Minimum Tax expert solution in North America, aimed at assisting multinational companies to comply with OECD Pillar Two tax requirements. This solution streamlines data collection, alignment, calculation, and reporting processes. … Read the full press release

GSA, Johnson Controls Collaborate on RRBITC Electrification Initiative

(IN BRIEF) The U.S. General Services Administration (GSA) has secured funding to support Johnson Controls’ electrification project at the Ronald Reagan Building and International Trade Center (RRBITC) in Washington, D.C. This project aims to transition the RRBITC to a fully … Read the full press release

E.ON to Invest €42 Billion in European Energy Transition, Surpasses 2023 Earnings Expectations

(IN BRIEF) E.ON, a major player in Europe’s energy sector, plans to increase its investments from €33 billion to €42 billion for 2024-2028, focusing on energy networks and infrastructure. The company exceeded earnings expectations in 2023, with adjusted Group EBITDA … Read the full press release

Sustainable Infrastructure Expert Mikael Karlsson Nominated for Equinor ASA Board Seat

(IN BRIEF) Equinor ASA’s nomination committee proposes Mikael Karlsson as a new member of the company’s board of directors, aiming to expand the board to 11 members following the departure of Michael Lewis. Karlsson, currently a partner and Vice Chairman … Read the full press release

DHL Global Connectedness Report 2024: Insights into Global Flows Amidst Pandemic and Geopolitical Strains

(IN BRIEF) The DHL Global Connectedness Report 2024 reveals that despite the challenges posed by the pandemic and geopolitical conflicts, globalization has reached record highs. Trade growth has been instrumental in sustaining global connectedness, with Singapore leading the list of … Read the full press release

Lloyds Banking Group’s Strategic Move: Scottish Widows’ Bulk Annuities Sold to Rothesay

(IN BRIEF) Rothesay, the UK’s leading pensions insurance specialist, has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio from Lloyds Banking Group for approximately £6 billion. The transaction covers the pension benefits of around 42,000 individuals. This move aligns … Read the full press release

Husqvarna Group Expands Commercial Reach with ETwater Acquisition

(IN BRIEF) In a strategic move, Husqvarna Group has announced its acquisition of ETwater, a prominent player in smart irrigation management for commercial markets in North America, from Rivulis Irrigation. ETwater’s integration into Husqvarna’s Gardena Division, specifically within the Orbit … Read the full press release

TUM’s Vital Role in Quantum Satellite Initiative: A Secure Frontier Unveiled

(IN BRIEF) As the threat of quantum computers grows, rendering traditional encryption methods obsolete, researchers at the Technical University of Munich (TUM) are pioneering a new approach. Led by Professor Tobias Vogl, they’re developing quantum encryption based on the immutable … Read the full press release

Agfa Appoints Jeroen Spruyt as President of Radiology Solutions Division

(IN BRIEF) Effective March 13, 2024, Jeroen Spruyt is appointed as President of Agfa’s Radiology Solutions division and joins the company’s Executive Management Team. With a background in Applied Economics and an MBA from Vlerick Business School, Spruyt brings extensive … Read the full press release

Advancing Quantum Computing: A Franco-Singaporean Drive for Energy Efficiency

(IN BRIEF) In a collaborative effort between Eviden, A*STAR’s Institute of High Performance Computing (IHPC) in Singapore, and MajuLab, a comprehensive initiative has been announced to benchmark and enhance the energy efficiency of quantum computing. With the potential of quantum … Read the full press release

Revolutionizing Vehicle Safety: Mercedes-Benz and Fraunhofer Society Unveil Groundbreaking Transparent Crash Tests

(IN BRIEF) Mercedes-Benz, in collaboration with the Fraunhofer Society, conducts the world’s first X-ray crash test using a real car at the Ernst Mach Institute in Freiburg. This groundbreaking demonstration unveils previously hidden internal deformation processes during crashes, providing valuable … Read the full press release

Heatwaves Threaten Tsetse Fly Fertility, Raising Concerns for Disease Spread

(IN BRIEF) A groundbreaking study conducted by researchers from the University of Bristol and Stellenbosch University reveals that a single burst of hot weather significantly impacts the fertility of both female and male tsetse flies, key vectors for diseases like … Read the full press release

University of Bristol Secures £57 Million Funding Boost for Cutting-Edge Research Centers

(IN BRIEF) The University of Bristol has received a substantial £57 million funding injection from UK Research and Innovation (UKRI) and its Engineering and Physical Sciences Research Council (EPSRC) to establish nine Centres for Doctoral Training (CDTs). These centers will … Read the full press release

EU Bank’s Historic Investment in Mongolia to Combat Overgrazing and Promote Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) has embarked on its largest-ever financing agreement for Mongolia, injecting €54.4 million into a groundbreaking initiative. This initiative aims to address the degradation of Mongolia’s grasslands by promoting sustainable urban development and supporting … Read the full press release

LEGO Group Reports Resilient Growth Amidst Challenging Toy Market: 2023 Financial Overview

(IN BRIEF) The LEGO Group announced its full-year earnings for 2023, showcasing a two percent revenue growth to DKK 65.9 billion despite a tough toy market environment. Operating profit stood solid at DKK 17.1 billion, reflecting accelerated investments in strategic … Read the full press release

Harnessing AI for Enhanced Marine Data Collection: A Step Towards Ocean Conservation

(IN BRIEF) Researchers from the University of Helsinki, in collaboration with partners from the University of Tartu, University of Madeira, and MARE-Madeira, ARDITI, are pioneering the integration of Artificial Intelligence (AI) and sensor technologies to revolutionize marine data collection. By … Read the full press release

EIF and France Active Forge €400 Million Alliance to Empower Social Enterprises

(IN BRIEF) The European Investment Fund (EIF) has committed €400 million to bolster France Active’s endeavors in financing socially responsible French enterprises. This collaboration involves a €45 million guarantee from EIF and a €355 million counter-guarantee for bank loans facilitated … Read the full press release