Daily Archives: 12, July 2024

Ørsted Introduces Revolutionary Low-Noise Technology for Offshore Wind Foundations

(IN BRIEF) Ørsted, a leader in offshore wind energy, has unveiled a groundbreaking low-noise installation method for monopile foundations at the Gode Wind 3 wind farm in Germany. This innovative technology, successfully tested on three monopiles, utilizes a patented jetting … Read the full press release

Ericsson Secures EUR 100 Million Loan from NIB to Advance Wireless Technology Efficiency

(IN BRIEF) Ericsson, a prominent Swedish telecommunications company, has secured a new EUR 100 million loan from the Nordic Investment Bank (NIB) to bolster its research and development efforts aimed at enhancing wireless technology efficiency. This loan, NIB’s second for … Read the full press release

Evonik Expands Sodium Methylate Production Capacity in Argentina

(IN BRIEF) Evonik has announced a significant expansion of its sodium methylate production capacity at its Rosario plant in Argentina’s Sante Fé Province. The expansion, increasing annual capacity by 50% to 90,000 tons, aims to meet growing demand for biofuels … Read the full press release

University of Twente Researchers Secure ERC Proof of Concept Grants for Innovative Projects

(IN BRIEF) Three researchers from the University of Twente have secured Proof of Concept (PoC) grants from the European Research Council (ERC). Professors Mariëlle Stoelinga, David Fernandez Rivas, and Jeroen Leijten will receive €150,000 each to develop innovative ideas stemming … Read the full press release

University of Twente and Forschungszentrum Jülich Strengthen Collaboration with New Memorandum of Understanding

(IN BRIEF) The University of Twente (UT) and Forschungszentrum Jülich (FZJ) have formalized their longstanding collaboration with a new Memorandum of Understanding (MoU). Signed during a special event at Jülich, the MoU focuses on strategic areas such as education and … Read the full press release

SapuraOMV Upstream Achieves First Gas at Jerun Field Offshore Malaysia

(IN BRIEF) SapuraOMV Upstream Sdn Bhd has successfully started gas production at Malaysia’s Jerun field, where Shell plc holds a 30% stake through Sarawak Shell Berhad. Located offshore Sarawak, the field includes an integrated platform exporting gas via an 80-km … Read the full press release

Allianz Teams Up with Football Star Harry Kane as Global Brand Ambassador

(IN BRIEF) Allianz has partnered with football star Harry Kane, naming him as their global brand ambassador. Kane, known for his football prowess and advocacy for mental health, will collaborate with Allianz on marketing initiatives aimed at inspiring the next … Read the full press release

AFRY Leads Innovative Climate Resilience Study on Ischia, Presented by EIB

(IN BRIEF) AFRY, in collaboration with the European Investment Bank (EIB), spearheaded a pioneering climate resilience study focused on Ischia, Italy, addressing the island’s vulnerability to earthquakes and landslides exacerbated by climate change. The comprehensive report, unveiled at a press … Read the full press release

Skanska Secures SEK 700M Contract for NKT Cable Factory Expansion in Karlskrona

(IN BRIEF) Skanska has signed a SEK 700 million agreement with NKT HV Cables AB to construct towers and side buildings for the expansion of NKT’s cable factory in Karlskrona, Sweden. This contract, part of Skanska’s Q3 2024 order bookings, … Read the full press release

Skanska Joint Venture Secures Additional GBP 50M for UK High-Speed Rail Project

(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has received an additional GBP 50 million from HS2 Ltd for phase one of the UK’s high-speed railway project. This brings the total contract value to GBP 1.425 … Read the full press release

Thales Wins Neptune Contract to Enhance French Army’s Satellite Communications

(IN BRIEF) The French defence procurement agency (DGA) has awarded Thales the Neptune contract to provide 30 dual-band X/Ka satellite communication stations for the French Army. These stations will serve as OTP tactical communication nodes, supporting high-throughput satellite communications for … Read the full press release

E.ON and MAN Truck & Bus Partner to Establish Europe’s Largest Public Charging Network for Electric Trucks

(IN BRIEF) E.ON and MAN Truck & Bus are collaborating to create a vast public charging network for electric commercial vehicles across Europe, featuring approximately 400 charging points at 170 locations. With 125 sites planned in Germany alone, this initiative … Read the full press release

EIB Funds €435 Million to Stora Enso for Sustainable Packaging Transformation in Oulu

(IN BRIEF) The European Investment Bank (EIB) is extending a €435 million credit to Stora Enso to upgrade its Oulu manufacturing site for producing eco-friendly, fiber-based packaging for food and personal care products. This investment aims to reduce plastic reliance … Read the full press release

EIB and Poste Italiane Partner for €450 Million Investment to Enhance Digital and Sustainable Logistics

(IN BRIEF) The European Investment Bank (EIB) and Poste Italiane have signed a €450 million finance contract to modernize and digitalize Poste Italiane’s logistics and postal services. This funding will be used to establish new automated parcel sorting centers, including … Read the full press release