Daily Archives: 3, May 2024

EBRD Boosts Small Business and Youth Entrepreneurship in Uzbekistan with $20 Million Financial Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and medium-sized businesses in Uzbekistan by providing a financial package of up to US$ 20 million to Ipak Yuli Bank. This includes a US$ 10 million … Read the full press release

Bentley Unveils Cutting-Edge Compact Full Spectrum Driving Simulator for Sustainable Luxury Car Development

(IN BRIEF) Bentley Motors introduced its new Compact Full Spectrum Driving Simulator, set to be installed at its Dream Factory in Crewe. The innovative simulator, developed by VI-grade, offers a sustainable alternative to physical testing and will significantly reduce the … Read the full press release

Kapsch TrafficCom AG Sells Non-core Assets, Generates Close to EUR 11 Million

(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core business, yielding total proceeds of nearly EUR 11 million with full realization of variable purchase price components. The sale includes Kapsch TrafficCom’s stake in Traffic … Read the full press release

GTT and PipeChina Innovation Forge Partnership for Onshore LNG Storage Solutions

(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a License Agreement for the utilization of GTT membrane containment technology in onshore LNG storage. This collaboration aims to facilitate the construction of onshore LNG storage … Read the full press release

Alfa Laval Joins Consortium to Inaugurate World’s First Molten Salt Thermal Energy Storage System

(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by the Energy Technology Development and Demonstration Program (EUDP), which recently inaugurated the world’s first thermal energy storage system using molten hydroxide salts. This innovative project, … Read the full press release

Rheinmetall Expands Electromobility Reach with Major Orders for Heat Pump Solution

(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling expansion into diverse applications within electromobility. The first order, valued in the high single-digit million euro range, comes from an international expert in electric bus … Read the full press release

Siemens Completes Solar Farm to Power University of York’s Institute for Safe Autonomy

(IN BRIEF) Siemens has finalized the construction of a 200kWp solar farm at the University of York’s Institute for Safe Autonomy, as part of a £1.5 million research endeavor funded by the UK Research Partnership Investment Fund (UKRPIF). This collaborative … Read the full press release

DNB and Ericsson Spearhead 5G-Driven Digitalization for Malaysian Enterprises

(IN BRIEF) Digital Nasional Berhad (DNB) and Ericsson are joining forces to accelerate the digitalization of enterprises in Malaysia through a pioneering program leveraging the country’s world-leading 5G network. The initiative, formalized through Memorandums of Understanding (MoUs), involves key industry … Read the full press release

Accenture Bolsters Data Capabilities with Parsionate Acquisition

(IN BRIEF) Accenture has announced its acquisition of Parsionate, a leading data consultancy specializing in data products and modern data foundation services, with a focus on industries like retail, industrial, consumer goods, and life sciences. This strategic move aims to … Read the full press release

Accenture Acquires SOKO to Expand Creative Influence in Brazil

(IN BRIEF) Accenture, through its renowned creative agency Droga5, has announced the acquisition of SOKO, a leading Brazilian creative agency known for its innovative and culturally resonant brand storytelling. SOKO’s integration into Droga5 São Paulo aims to strengthen the agency’s … Read the full press release

AFRY Partners with Assocarta to Forge a Sustainable Future for Italy’s Pulp and Paper Industry

(IN BRIEF) AFRY has joined forces with Assocarta, the Italian paper association, to devise a net-zero roadmap aimed at decarbonizing Italy’s pulp and paper sector. Tasked with aligning strategies with EU directives and local conditions, AFRY will evaluate technological advancements, … Read the full press release

Aura Minerals Partners with AFRY for Borborema Gold Processing Plant Project

(IN BRIEF) Aura Minerals has enlisted AFRY to provide comprehensive engineering, procurement, construction management (EPCM), and commissioning services for the Borborema Project’s gold processing plant. The project, located in Currais Novos, Brazil, will operate within Aura’s open-pit mine and is … Read the full press release

Husqvarna Group Maintains ‘Climate Leader’ Status for Third Consecutive Year

(IN BRIEF) Husqvarna Group has once again been honored as a “Climate Leader” by Financial Times for its ongoing commitment to reducing carbon emissions, ranking 74th among thousands of European companies scrutinized. The recognition underscores the company’s dedication to sustainability … Read the full press release

Radboud University Medical Center and Philips Forge Strategic Partnership for Advanced Patient Monitoring

(IN BRIEF) Royal Philips and Radboud University Medical Center (Radboudumc) have entered a hospital-wide, long-term strategic partnership to provide the latest patient monitoring applications across all Radboudumc departments. This collaboration ensures access to Philips’ patient monitoring portfolio, including continuous software … Read the full press release

Webuild Presents Pro Bono Proposal for Safe and Sustainable Baltimore Bridge Reconstruction

(IN BRIEF) Webuild, along with its US subsidiary Lane, has unveiled a pro bono proposal for the reconstruction of Baltimore’s Francis Scott Key Bridge, which collapsed in March, severing a vital link for the city’s port. The proposal, presented to … Read the full press release

Breakthrough Algorithm Revolutionizes Climate Change Modelling

(IN BRIEF) Professor Samar Khatiwala from the University of Oxford’s Department of Earth Sciences has developed a groundbreaking algorithm, published in Science Advances, to dramatically reduce the spin-up time required for Earth System Models (ESMs) used in climate change predictions. … Read the full press release

State of Berlin Acquires Vattenfall’s Heating Business in Billion-Euro Deal

(IN BRIEF) Vattenfall has finalized the transfer of all shares in Vattenfall Wärme Berlin AG, including power plants, grids, subsidiaries, and employees, to the State of Berlin for approximately 1.4 billion euros. This strategic move aligns with Berlin’s goal to … Read the full press release

Boliden Pioneers Linking Climate Goals to Financial Agreements in Mining Sector

(IN BRIEF) Boliden, a leading mining and metals company, has taken a groundbreaking step by integrating climate goals validated by the Science Based Targets initiative (SBTi) into its existing revolving credit facilities agreement (RCF). The RCF, totaling EUR 850 million, … Read the full press release

Innovative Geothermal Heating Project in Bavaria Receives Major Investment Boost from EIB and EU Innovation Fund

(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release

EIB’s Record €1.6 Billion Investment Energizes Ireland’s Economy and Innovation Landscape

(IN BRIEF) European Investment Bank (EIB) President Nadia Calviño, alongside Irish Finance Minister Michael McGrath, announced a landmark €1.6 billion investment in Ireland, the largest in 51 years. The investment, aimed at fostering innovation, sustainability, and economic growth, will impact … Read the full press release