Search Results for: energy transition

Encavis Secures €61 Million Project Financing for 114 MW Borrentin Solar Park, Supporting Germany’s Energy Transition

Posted on 10, September 2024 by

(IN BRIEF) Encavis AG has secured €61 million in project financing for its 114 MW Borrentin solar park in Germany. The financing was provided by Bayerische Landesbank and will help complete the solar park by the end of September 2024. … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management

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Intesa Sanpaolo Backs NZ$267 Million Green Financing for New Zealand’s Kōwhai Solar Park, Promoting Global Energy Transition

Posted on 22, August 2024 by

(IN BRIEF) Intesa Sanpaolo, along with a consortium of international banks, has committed NZ$267 million (approximately €150 million) in green financing to support the construction of the Kōwhai Solar Park in Christchurch, New Zealand. This solar park, a joint venture … Read the full press release →

Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology

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Siemens Unveils Next-Gen Gridscale X Tools to Support TSOs in Energy Transition

Posted on 19, August 2024 by

(IN BRIEF) Siemens is launching new enhancements to its Gridscale X software suite, aimed at helping Transmission System Operators (TSOs) manage the complexities of the energy transition. Unveiled at the CIGRE Paris Session 2024, the new tools—“Gridscale X Protection Data … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology

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E.ON Reaffirms 2024 Financial Targets with €4.9 Billion EBITDA, Boosts Energy Transition Investments

Posted on 14, August 2024 by

(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News

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EU Competitiveness Council Meets at MOL Group HQ to Drive Green Energy Transition

Posted on 9, July 2024 by

(IN BRIEF) Under the Hungarian EU Presidency, the Competitiveness Council gathered at MOL Group’s headquarters to discuss Europe’s industrial competitiveness amidst the green energy transition. Key stakeholders emphasized the need for collaborative policymaking and a supportive regulatory environment. Zoltán Áldott … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, Media, News

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Report by E.ON and Thüga Highlights Strategic Role of Electrolyzers in Germany’s Energy Transition

Posted on 28, June 2024 by

(IN BRIEF) A joint report commissioned by E.ON and Thüga, conducted by the Institute of Energy Economics at the University of Cologne (EWI), assesses the strategic placement of electrolyzers across Germany to support the energy transition. The study identifies regions … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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EY Highlights Battery Storage’s Role in Global Energy Transition, Identifies Top Investment Markets

Posted on 18, June 2024 by

(IN BRIEF) EY’s latest Renewable Energy Country Attractiveness Index (RECAI 63) underscores the critical role of battery energy storage systems (BESS) in addressing global energy challenges amid substantial clean energy investments. The index identifies the US, China, and the UK … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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RWE Ventures into Australian Battery Storage: Limondale BESS to Pave the Way for Renewable Energy Transition

Posted on 28, May 2024 by

(IN BRIEF) RWE, a leading player in global renewables, has announced its investment decision to construct Australia’s inaugural eight-hour lithium-ion Battery Energy Storage System (BESS) adjacent to its Limondale Solar Farm in New South Wales. With a capacity of over … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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RWE Initiates Nordseecluster: Pioneering Offshore Wind Project to Catalyze Green Energy Transition

Posted on 27, May 2024 by

(IN BRIEF) In a significant move towards bolstering Germany’s energy transition and contributing to global decarbonization efforts, RWE has announced the commencement of its Nordseecluster project. This groundbreaking initiative entails the construction of offshore wind farms with a cumulative capacity … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Borealis Partners with Burgenland Energie for Green Energy Transition

Posted on 22, May 2024 by

(IN BRIEF) Borealis, a leading provider of sustainable polyolefins solutions, and Burgenland Energie, Austria’s top wind and solar power producer, have signed their first power purchase agreement (PPA) to drive renewable energy usage. Commencing in January 2026, Burgenland Energie will … Read the full press release →

Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

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REN Unveils Ambitious Strategic Plan Focused on Sustainable Growth and Energy Transition

Posted on 14, May 2024 by

(IN BRIEF) REN, Redes Energéticas Nacionais, has revealed its Strategic Plan for 2024–2027, emphasizing its dedication to facilitating the Energy Transition while maintaining financial stability and operational excellence. The plan outlines ambitious sustainability goals, including significant reductions in emissions and … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Portugal

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EIB Invests €150 Million in Helsinki’s Renewable Energy Transition

Posted on 25, April 2024 by

(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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Barclays Strengthens Energy Transition Focus with New Co-Heads Appointment

Posted on 12, April 2024 by

(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom

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MOL Group Launches Growww Program, Inviting Young Professionals to Shape Energy Transition

Posted on 23, March 2024 by

(IN BRIEF) MOL Group has initiated the application process for its renowned fresh graduate program, Growww, offering over 90 positions across 8 countries to young professionals eager to contribute to the energy transition. The program, which has attracted thousands of … Read the full press release →

Posted in Business, Energy, Gas & Oil, Hungary, Industrial, Management, Media, News

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AFRY Spearheads Germany’s Clean Energy Transition with SuedOstLink Cable Planning

Posted on 14, March 2024 by

(IN BRIEF) AFRY has been appointed as the technical advisor by 50Hertz, the transmission system operator, for the critical SuedOstLink project, a key grid expansion endeavor to accelerate Germany’s energy transition. The project involves planning a 540-kilometer underground cable, set … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology

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

Posted on 13, March 2024 by

(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 →

Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Technology

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TotalEnergies and ACO Renew Partnership to Drive Energy Transition in Endurance Racing

Posted on 22, February 2024 by

(IN BRIEF) TotalEnergies, the Automobile Club de l’Ouest (ACO), and Le Mans Endurance Management (LMEM) have extended their partnership for five years, until 2028, aiming to support ACO’s energy transition goals. Committed to achieving net zero emissions by 2030 under … Read the full press release →

Posted in Automotive, Business, Energy, Gas & Oil, Environment, France, Industrial, Management, Media, News, Sports

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UK Energy Transition Outlook 2024: DNV Highlights Need for Policy Clarity

Posted on 22, February 2024 by

(IN BRIEF) DNV, a leading independent energy expert, released its 2024 UK Energy Transition Outlook (ETO) report, highlighting the urgent need for the UK Government to prioritize long-term policy clarity and consistency to drive the transition away from fossil fuels. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Infrastructure & Utilities, Norway, Technology, United Kingdom

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RWE and PPC Partner to Propel Greek Energy Transition with Massive Solar Projects

Posted on 9, February 2024 by

(IN BRIEF) RWE and PPC, in collaboration through their joint venture company Meton Energy S.A., are accelerating Greece’s energy transition by investing in solar projects with a collective capacity of nearly 1 gigawatt. The final investment decision has been made … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News

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EY Report Highlights Consumer Fatigue and Need for Holistic Approach in Energy Transition

Posted on 8, February 2024 by

(IN BRIEF) According to the latest ‘Energy Transition Consumer Insights’ report by EY, consumer action will be pivotal in driving the success of the energy transition. However, findings reveal that consumer fatigue is on the rise, with 70% indicating reluctance … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Management, News, United Kingdom

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Eni CEO and Indonesian President Discuss Energy Transition and Gas Potential in High-Level Meeting

Posted on 3, February 2024 by

(IN BRIEF) The President of Indonesia, Joko Widodo, met with Claudio Descalzi, the CEO of Eni, in Jakarta to discuss Eni’s ongoing projects and future initiatives in Indonesia. Descalzi highlighted Eni’s significant milestones in 2023, including the discovery of 5 … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Media, News

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RESA and EIB Sign €190 Million Loan Agreement to Advance Energy Transition

Posted on 1, February 2024 by

(IN BRIEF) RESA, an energy distribution network operator, has partnered with the European Investment Bank (EIB) to secure a €190 million loan agreement to support the first phase of its industrial plan for 2023-2026. The energy transition necessitates substantial investments … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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Growth Fund LLO-Katalystor Grants €2 Million for Energy Transition Training in Twente

Posted on 1, February 2024 by

(IN BRIEF) The Growth Fund LLO-Katalystor has awarded a €2 million grant to a collaborative partnership involving Saxion University of Applied Sciences, ROC Twente, University of Twente, and various other partners in Twente. This initiative aims to address the challenges … Read the full press release →

Posted in Business, Education, Financial, Industrial, Investment, Management, Media, Netherlands, News

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Lightsource bp Hosts New Energy Business School for In-Depth Discussion on Energy Transition

Posted on 1, February 2024 by

(IN BRIEF) Lightsource bp recently held the New Energy Business School for the second consecutive year, offering a comprehensive two-day program focused on energy transition business and leadership. Located in the Netherlands, the school provides advanced education in various aspects … Read the full press release →

Posted in Business, Education, Energy, Gas & Oil, Industrial, Management, Media, Netherlands, News, United Kingdom

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EU Initiative SCO2OP-TES Advances Green Energy Transition with Alfa Laval

Posted on 16, January 2024 by

(IN BRIEF) Alfa Laval is part of a 16-member consortium called SCO2OP-TES, which aims to develop advanced Power-to-Heat energy storage technology. This initiative, aligned with the European Union’s renewable energy goals, seeks to provide cost-effective and grid-stable thermal energy storage … Read the full press release →

Posted in Energy, Gas & Oil, Environment, European Union, Infrastructure & Utilities, Sweden, Technology

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Lightsource bp and REA Discuss Solar Power’s Role in a People-Centric and Nature-Friendly Energy Transition at COP28

Posted on 8, December 2023 by

(IN BRIEF) Lightsource bp and the UK’s Renewable Energy Association (REA) convened a high-level roundtable discussion during COP28, focusing on the role of solar power in facilitating an energy transition that prioritizes both people and nature. With 117 nations aiming … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, United Kingdom

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ABP Appoints Lex Hanham to Drive UK Clean Energy Transition Efforts

Posted on 4, December 2023 by

(IN BRIEF) In preparation for an active and sustainable 2024, Associated British Ports (ABP) has welcomed Lex Hanham to its Business Development team, where she will lead initiatives aimed at accelerating the UK’s clean energy transition. With over 15 years … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Transportation & Logistics, United Kingdom

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Malta Inc. Collaborates with German Partners to Accelerate Energy Transition and Decarbonization

Posted on 16, November 2023 by

(IN BRIEF) Malta Inc., a leader in long-duration energy storage (LDES), has announced a grant awarded to its German subsidiary for a €9-million project aimed at expediting Germany’s energy transition efforts. The project, supported by the German Federal Ministry for … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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TotalEnergies’ Energy Outlook 2023 Offers Insight into Global Energy Transition

Posted on 15, November 2023 by

(IN BRIEF) TotalEnergies has released its annual “TotalEnergies Energy Outlook 2023” in preparation for COP28, outlining scenarios for the evolution of global energy demand and the transition to a sustainable energy system by 2050. The report reveals that while the … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Industrial, Investment, Management, News

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EnBW Reports Strong Earnings Growth and Increased Investment in Energy Transition

Posted on 13, November 2023 by

(IN BRIEF) EnBW Energie Baden-Württemberg AG has announced its financial results for the first nine months of the 2023 financial year. The company reported revenue of approximately €34.7 billion and Group operating earnings (adjusted EBITDA) of €4.9 billion during this … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News

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EIB and Erste Bank Finance €79.2 Million for Engelhartstetten Wind Farm, Aiding Austria’s Green Energy Transition

Posted on 10, November 2023 by

(IN BRIEF) The European Investment Bank (EIB) and Erste Bank Austria have jointly provided loans of up to €79.2 million to WLK energy for the construction of the new Engelhartstetten wind farm in Lower Austria. This wind farm will consist … Read the full press release →

Posted in Austria, Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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E.ON Presents Digital Heat Map for Germany to Support Energy Transition in Heating Sector

Posted on 8, November 2023 by

(IN BRIEF) E.ON, in collaboration with Klara Geywitz, Federal Minister for Housing, Urban Development, and Building, has introduced a comprehensive digital heat map for all of Germany. This interactive tool provides insights into the current status of heat supply in … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

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Australia’s Most Advanced Energy Transition Hub Launched by Siemens and Swinburne

Posted on 6, November 2023 by

(IN BRIEF) Siemens and Swinburne University of Technology have jointly launched the Energy Transition Hub at Swinburne’s Melbourne campus, marking the most advanced facility of its kind in Australia. Valued at $5.2 million, the hub combines Siemens’ digital energy technology … Read the full press release →

Posted in Education, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Switzerland, Technology

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EBRD and Morocco’s Ministry of Energy Partner to Advance Green Energy Transition

Posted on 12, October 2023 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Morocco’s Ministry of Energy Transition and Sustainable Development (METSD) have signed a Memorandum of Understanding to collaborate on accelerating the decarbonization of Morocco’s electricity sector. The partnership will focus … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom

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DNV Report: Energy Transition Slow to Replace Fossil Fuels, CO2 Emissions Peak Expected in 2024

Posted on 12, October 2023 by

(IN BRIEF) Despite record-high sales of electric vehicles, increased solar and battery installations, and the rapid expansion of renewables, fossil fuels are still growing in absolute terms and meeting half of the world’s new energy demand, according to DNV’s Energy … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway, Technology

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Eni Accelerates Energy Transition with Giant Gas Discovery off Indonesia’s East Kalimantan

Posted on 2, October 2023 by

(IN BRIEF) Eni, the global energy company, has made a significant gas discovery through the Geng North-1 exploration well off the coast of East Kalimantan in Indonesia. Preliminary estimates suggest a gas volume of 5 trillion cubic feet (Tcf) with … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Italy

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European Leaders Call for Accelerated Clean Energy Transition at High-Level Conference

Posted on 30, September 2023 by

(IN BRIEF) The heads of the European Investment Bank (EIB), the European Central Bank (ECB), and the International Energy Agency (IEA) have convened in Paris to urge European government leaders, financial institutions, and industries to commit to a swift, equitable, … Read the full press release →

Posted in Banks, Business, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News, Society, Sweden

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bp Initiates Construction on 187MW Peacock Solar Project in Texas to Support Clean Energy Transition

Posted on 27, September 2023 by

(IN BRIEF) bp has commenced construction on the 187MWdc Peacock Solar project, located near Corpus Christi in Texas. This solar installation will generate renewable energy that will be sold to Gulf Coast Growth Ventures (GCGV), a joint venture between ExxonMobil … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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European Industry Leaders Gather to Accelerate Electricity Grid Development for Energy Transition

Posted on 8, September 2023 by

(IN BRIEF) Over 200 European industry leaders convened at the ENTSO-E High-Level Forum on Future of Our Grids in Brussels to discuss the challenges and opportunities for accelerating the development of electricity grids necessary for Europe’s energy transition. The forum, … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, European Union, Industrial, Infrastructure & Utilities, Management, Media, News

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Trust in AI Essential for Advancing Energy Transition, DNV Report Finds

Posted on 7, September 2023 by

(IN BRIEF) A DNV report highlights that trust in artificial intelligence (AI) is a crucial factor in its effective use for accelerating the energy transition. While AI is being utilized in the energy sector, companies remain cautious due to new … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Industrial, Management, News, Norway, Technology

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