Monthly Archives: October 2024

Wood Strengthens Middle East Presence with New Engineering Hub in Sharjah, UAE

(IN BRIEF) Wood has expanded its presence in the Middle East with the opening of a new office in Sharjah, UAE, its third office in the country. The 18,625 square foot facility will serve as an engineering hub for operations … Read the full press release

Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal

(IN BRIEF) Digi Communications N.V. announced that the Portuguese Competition Authority has approved the share purchase agreement between its subsidiary, DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A. … Read the full press release

University of Southampton Leads Sea Trials for Wind-Powered Cargo Ship to Cut Global Shipping Emissions by One-Third

(IN BRIEF) Scientists from the University of Southampton have begun sea trials on a wind-powered technology designed to reduce the carbon emissions of large cargo ships by up to a third. The wing-sail, developed by Smart Green Shipping, was retrofitted … Read the full press release

voestalpine Sells Buderus Edelstahl to Mutares in Strategic Shift Toward High-Performance Materials

(IN BRIEF) voestalpine has announced the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a prominent investment company. The agreement, signed on October 23, 2024, is awaiting regulatory approval and is expected to be finalized … Read the full press release

Helmut List Honored for Lifetime Achievements at EY Entrepreneur of the Year Awards, Celebrated for Driving Innovation in Sustainable Mobility

(IN BRIEF) At the 2024 “EY Entrepreneur of the Year” awards, Professor Helmut List, CEO and Chairman of AVL List, was honored with a special lifetime achievement award. Recognized for his pioneering role in the mobility and technology industries, List … Read the full press release

Siemens Partners with Alliander to Boost Flexible Grid Management and Expand Renewable Energy Distribution in the Netherlands

(IN BRIEF) Siemens has formed a strategic partnership with Dutch network company Alliander to improve flexible grid management and enhance energy distribution in the Netherlands. Using Siemens’ Gridscale X platform, Alliander aims to increase grid utilization by up to 30%, … Read the full press release

Siemens and ServiceNow Team Up to Boost Industrial Security and AI-Driven Automation on the Factory Floor

(IN BRIEF) Siemens and ServiceNow have partnered to enhance shopfloor operations by integrating AI-powered automation and improving industrial cybersecurity. This collaboration, announced at the ServiceNow World Forum in Munich, merges Siemens’ Sinec Security Guard for vulnerability management with ServiceNow’s workflow … Read the full press release

EU Businesses Lead Climate and Digital Investments Despite Economic Challenges, EIB Survey Shows

(IN BRIEF) The European Investment Bank’s (EIB) 2024 Investment Survey reveals that over 60% of EU companies have already invested in climate change mitigation and adaptation, while more than 70% have embraced digital transformation. The survey, covering 12,000 firms across … Read the full press release

Software AG Study Finds Half of Employees Use Shadow AI, Urging Businesses to Strengthen AI Strategies

(IN BRIEF) A new study by Software AG reveals that 50% of employees are using Shadow AI—personal AI tools not provided by their companies—with 46% unwilling to stop using them even if banned. With 75% of knowledge workers already utilizing … Read the full press release

Pilkington Italy Expands Emissions Reduction Efforts with Second GEA DeNOx System at San Salvo Facility

(IN BRIEF) Pilkington Italy has ordered a second DeNOx gas purification system from GEA for its San Salvo glass production facility on the Adriatic coast. This follows the successful installation of the first system in 2020, which significantly reduced nitrogen … Read the full press release

Ingka Centres Launches Livli to Redefine Community-Focused Retail and Leisure Destinations in Europe

(IN BRIEF) Ingka Centres has introduced a new consumer brand, Livli, aimed at transforming European destinations into lively, community-focused meeting places that go beyond traditional shopping. Livli Kungens Kurva in the Stockholm area is the first location to adopt the … Read the full press release

Mercedes-Benz Enhances Safety in Econic Vehicles with Pedestrian Detection and Collision Prevention Systems

(IN BRIEF) Mercedes-Benz has introduced advanced safety features in its Econic waste collection vehicles, including the fourth-generation Active Brake Assist system, which detects pedestrians and automatically initiates partial braking to avoid collisions. Additionally, Sideguard Assist helps drivers navigate urban environments … Read the full press release

Autoservizi Troiani Expands Electric Bus Fleet with 110 Mercedes-Benz eCitaro Buses for Rome

(IN BRIEF) Autoservizi Troiani is expanding its electric bus fleet with the acquisition of 110 all-electric Mercedes-Benz eCitaro buses, to be delivered by mid-2026. This move supports the company’s goal of fully transitioning to electric public transport in the eastern … Read the full press release

University of Exeter Researchers Receive £400,000 Grant to Advance Innovative Type 1 Diabetes Treatments

(IN BRIEF) Researchers at the University of Exeter have been awarded nearly £400,000 from the Type 1 Diabetes Grand Challenge to explore innovative treatments for type 1 diabetes. Led by Dr. Craig Beall and Dr. Tom Piers, the project will … Read the full press release

Lifecare Transitions to Euronext Oslo Børs as It Moves Closer to Market with Innovative Diabetes Technology

(IN BRIEF) Lifecare, a Norwegian medtech company developing implantable sensors for glucose and biomarker monitoring, has transitioned from Euronext Growth Oslo to the main Euronext Oslo Børs market. This marks a significant milestone for the company, with a market capitalization … Read the full press release

DNV and MIRDC Join Forces to Drive Renewable Energy Innovation in Taiwan

(IN BRIEF) DNV and Taiwan’s Metal Industries Research & Development Centre (MIRDC) have signed a three-year Memorandum of Understanding (MoU) to collaborate on advancing renewable energy technologies in Taiwan. The partnership will focus on floating solar and wind technologies, energy … Read the full press release

Statkraft Seeks Permit for 2.1 GW Offshore Wind Farm to Power Stockholm’s Clean Energy Transition

(IN BRIEF) Statkraft has applied for a permit to develop the 2.1 GW Baltic Offshore Delta North wind farm in the Baltic Sea, located 100 kilometers east of Stockholm. This bottom-fixed offshore wind project, designed to generate up to 8 … Read the full press release

Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

(IN BRIEF) The Würth Group has successfully issued a EUR 500 million bond with a nearly 7-year term and a 3% fixed interest rate. The bond issuance follows a well-received European roadshow, where Würth presented its strategic plans and financial … Read the full press release

EFSA Confirms Safety of Silicon Dioxide in Food, Supporting Evonik’s Silica Products for Sustainable Use

(IN BRIEF) The European Food Safety Authority (EFSA) has confirmed the safety of silicon dioxide (E 551) as a food additive, including its use in infant food, after a recent scientific review. Evonik, a major producer of silica, welcomed this … Read the full press release

SAMS Expands Research Team with New Roles to Tackle Ocean Changes and Climate Impact

(IN BRIEF) The Scottish Association for Marine Science (SAMS) is expanding its research team with five new positions to enhance its understanding of ocean processes, particularly in response to climate change, biodiversity loss, and pollution. The new hires, including principal … Read the full press release