Monthly Archives: July 2024

Deutsche Bank Secures Top Global and German Awards in Euromoney’s Excellence 2024

(IN BRIEF) Deutsche Bank has been honored with the title of “World’s Best Bank for Corporates” in Euromoney’s Awards for Excellence 2024, while also being recognized as the “Best Bank for Corporates in Germany” and the “Best Investment Bank in … Read the full press release

Stadtwerke Stuttgart’s New Headquarters Sets Benchmark for Smart, Sustainable Urban Energy Solutions

(IN BRIEF) Siemens Smart Infrastructure and Stadtwerke Stuttgart GmbH have partnered to promote sustainable urban energy in Stuttgart. The newly inaugurated Stadtwerke Stuttgart headquarters showcases advanced building and energy management systems using Siemens Xcelerator applications. These systems connect buildings and … Read the full press release

Portugal Pioneers Electric Transport for IKEA with New Cross-Industry Partnership

(IN BRIEF) Portugal is taking significant steps towards sustainable transport with the launch of heavy-duty electric vehicles for IKEA product transportation. Starting in late June, KLOG will deploy battery-electric vehicles from Scania to transport goods from the IKEA Industry factory … Read the full press release

Memorial Hermann Life Flight to use Airbus H160 first in the world for Emergency Medical Services

(IN BRIEF) Memorial Hermann Life Flight® has ordered one H160 and four H145 helicopters from Airbus to replace its current EC145 fleet, becoming the first to use the H160 for helicopter emergency medical services (HEMS). Established in 1976, the program … Read the full press release

University of Liverpool Receives £1M Gift to Establish Sir Peter Rigby Centre for Enterprise

(IN BRIEF) The University of Liverpool has received a £1M donation from Sir Peter Rigby to establish the Sir Peter Rigby Centre for Enterprise. The Centre aims to boost student employability by enhancing enterprise education and entrepreneurial skills, targeting 50,000 … Read the full press release

Unilever’s Pureit Water Purification Business Acquired by A. O. Smith

(IN BRIEF) Unilever has agreed to sell its water purification business, Pureit, to A. O. Smith, a leading global water technology company. Pureit, which operates in countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico, offers a range of water … Read the full press release

EY Appoints Yew-Poh Mak as Asia-Pacific Deputy Managing Partner, Shannon Cotter as SaT Leader

(IN BRIEF) EY has announced significant leadership changes in its Asia-Pacific division, appointing Yew-Poh Mak as the new Deputy Managing Partner and Shannon Cotter as the Strategy and Transactions (SaT) Leader, effective July 1, 2024. Mak, previously leading EY’s Strategy … Read the full press release

bp and Castrol Partner with Audi for Formula 1 Entry in 2026

(IN BRIEF) bp and Castrol have entered into a strategic partnership with Audi for their debut in Formula 1 in 2026. This exclusive collaboration includes the development of FIA-compliant Advanced Sustainable fuels and specialized lubricants for Audi’s F1 power unit. … Read the full press release

Rolls-Royce to Deliver Major Battery Storage System for Dutch Energy Project

(IN BRIEF) Rolls-Royce Power Systems has been awarded a contract by Battery Park Zeewolde (BPZ) to supply a large-scale battery storage system in Zeewolde, Netherlands. The system, featuring a capacity of 32.6 MW and 65.2 MWh, will support energy trading … Read the full press release

Major Funding Secured for RWE’s Hydrogen Projects in Germany

(IN BRIEF) The German government and state governments of Lower Saxony, North Rhine-Westphalia, and Mecklenburg-Western Pomerania have allocated over 619 million euros to fund two hydrogen projects led by RWE. These include a 300-MW electrolyser in Lingen and a hydrogen … Read the full press release

DHL Express Partners with Central Airlines to Enhance Cargo Operations

(IN BRIEF) DHL Express has signed a Letter of Intent with Central Airlines to deploy two Boeing 777 freighters under a multi-year Operating Agreement, marking their first collaboration with a Chinese cargo airline. This partnership aims to enhance intercontinental cargo … Read the full press release

Aviva Enhances Risk Management Capabilities with Cutting-Edge Software

(IN BRIEF) Aviva has revolutionized its exposure management capabilities with the adoption of Orchestra, a sophisticated software solution developed by Symfos. Since its implementation in 2021, Orchestra has streamlined Aviva’s portfolio roll-up process by 60-70%, allowing for quicker data processing … Read the full press release

Lloyds Banking Group Pioneers Major Social Housing Initiatives with £200 Million Commitment

(IN BRIEF) Lloyds Banking Group is taking significant steps to alleviate the UK’s social housing shortage through the redevelopment of decommissioned data centres and former office sites into new affordable homes. Starting with a project in Pudsey, West Yorkshire, the … Read the full press release

Crédit Agricole S.A. Welcomes Hubert Reynier as New Group Chief Compliance Officer

(IN BRIEF) Crédit Agricole S.A. has appointed Hubert Reynier as the Group Chief Compliance Officer, effective July 15th, 2024, following the retirement of Martine Boutinet. Reynier, who has been with Crédit Agricole since 2010, previously served as the Senior Country … Read the full press release

ANDRITZ Secures Contract for Advanced Sewage Sludge Incineration Plant in Germany

(IN BRIEF) International technology group ANDRITZ has been contracted by German waste management service provider MVA Bielefeld-Herford GmbH to supply an EcoFluid bubbling fluidized bed (BFB) boiler system for a new sewage sludge mono-incineration plant. This plant, designed to handle … Read the full press release

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