Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

Decarbonizing Mobility: Stellantis Joins Faurecia and Michelin as Symbio Shareholder

(IN BRIEF) Stellantis, Faurecia, and Michelin have reached a significant agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent provider of zero-emission hydrogen mobility solutions. Faurecia and Michelin will retain equal ownership stakes. The deal highlights Symbio’s … Read the full press release

Sweco to Lead Preliminary Research on Hydrogen Routes for Fluxys Belgium’s Pipeline Network

(IN BRIEF) Infrastructure company Fluxys Belgium has partnered with Sweco to prepare its pipeline network for the transportation of hydrogen and CO2. Sweco has been assigned to conduct a feasibility study and preliminary research for multiple hydrogen routes in Ghent … Read the full press release

EBRD Charts Course for Croatia’s Green Economy Transition and Competitiveness

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a five-year strategy for investment in Croatia. The strategy focuses on supporting competitiveness through innovation and good governance, accelerating Croatia’s transition to a green economy, and enhancing resilience … Read the full press release

EIB Group and Santander Launch First Synthetic Securitization Transaction for Energy Efficiency in Portugal

(IN BRIEF) The EIB Group and Santander have signed an agreement to support energy efficiency investments in Portugal through a synthetic securitization transaction. The partnership aims to finance the construction of nearly-zero-emissions buildings and the renovation of existing residential properties … Read the full press release

German Exclusive Economic Zone: Public Participation Begins for Ostwind 3 Project

(IN BRIEF) The public participation phase has begun for the sea route and offshore transformer substation of the Ostwind 3 project in the German Exclusive Economic Zone (EEZ). The Federal Maritime and Hydrographic Agency (BSH) is accepting comments from public … Read the full press release

TotalEnergies’ Antwerp Battery Farm Project to Enhance Energy Security and Renewables Integration

(IN BRIEF) TotalEnergies has launched a battery farm project at its Antwerp refinery in Belgium, featuring a 25 MW power rating and a 75 MWh capacity. The battery installation, supplied by Saft, a subsidiary of TotalEnergies, will be the company’s … Read the full press release

TotalEnergies Expands Offshore Portfolio in Suriname through Strategic PSC Agreements

(IN BRIEF) TotalEnergies and its partners have signed Production Sharing Contracts (PSC) with Staatsolie Maatschappij Suriname for offshore Blocks 6 and 8 in Suriname. TotalEnergies will operate the blocks with a 40% interest, while QatarEnergy holds 20% and Paradise Oil … Read the full press release

Siemens to Provide End-to-End Solutions for Cellforce Gigafactory in Groundbreaking Partnership

(IN BRIEF) Cellforce and Siemens have formed a strategic partnership to revolutionize the automotive market by accelerating battery manufacturing. Under the agreement, Siemens will provide automation and digitalization technology to support Cellforce’s gigafactory in Germany. The collaboration aims to enhance … Read the full press release

EBRD Grants US$110 Million Loan to Enerjisa Uretim for Wind Power Expansion in Türkiye

(IN BRIEF) EBRD has approved a loan of US$110 million to Enerjisa Uretim in Türkiye to support the expansion of their wind power portfolio. Enerjisa Uretim’s projects will reduce CO2 emissions by 52,000 tonnes annually and promote employment opportunities for … Read the full press release

RIFT’s Green Heating Solution Passes First Test, Secures Funding for Further Development

(IN BRIEF) RIFT, a spin-off from TU/e’s student team SOLID, has achieved a major milestone by successfully testing its Iron Fuel Technology. The test involved heating 500 homes in Helmond without any CO2 emissions. RIFT’s innovative technology burns iron powder … Read the full press release

RWE Advances Growing Green Ambitions: Expands Renewable Energy Holdings and Achieves Strong Q1 Performance

(IN BRIEF) RWE, the European energy company, is rapidly implementing its Growing Green strategy with substantial investments in the first quarter of 2023. The company added 4.9 GW to its green portfolio, spending €8.0 billion on acquisitions, including the Con … Read the full press release

Serbian SME Papir Print converts waste gases to energy and installs solar panels with EBRD and EU support

(IN BRIEF) Serbian company Papir Print has invested in a thermal oxidation plant that converts waste gases into heating and cooling energy, as well as a rooftop solar power plant, with the support of the EBRD and the EU. The … Read the full press release

EBRD-Funded Report Calls for Action to Boost Offshore Renewable Energy Generation in Croatia

(IN BRIEF) A new report funded by the European Bank for Reconstruction and Development (EBRD) has been launched in Zagreb, Croatia, outlining the potential for offshore renewable energy generation in the Adriatic Sea. The report identifies over 29,000 km² of … Read the full press release

Finnish SMEs to benefit from new climate and innovation loan products with EIF guarantee

(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release

Octopus Energy’s Kraken platform expands reach through strategic partnership with Plenitude

(IN BRIEF) Plenitude, the retail energy business of Eni, and Kraken, the tech platform of Octopus Energy Group, have entered into a strategic partnership to help Plenitude expand its presence in international retail energy markets. Plenitude will adopt the Kraken … Read the full press release

ANDRITZ to Demonstrate Sustainable Wood Industry Solutions at LIGNA 2023 in Hanover

(IN BRIEF) ANDRITZ, an international technology group, will present its latest technologies and services for the wood industry at LIGNA 2023 in Hanover, Germany, from May 15 to 19. The company’s theme for the event is “Building the Future Together,” … Read the full press release

Enel’s New Digital Platform Illustrates its Strategic Approach to Sustainable Progress

(IN BRIEF) Enel, the Italian multinational energy company, has launched a new digital platform named “Beyond Reporting 2022” to promote sustainable development, a green energy system, and decarbonization of its power generation. The digital platform is an integrated reporting system … Read the full press release

EBRD provides funding for Turkish firm’s innovative poultry waste power plant

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of €25 million to Mav Elektrik, a Turkish energy company, to replace loans that funded the construction of the Arikcayiri biomass power plant. The plant is … Read the full press release

ERG to acquire 149 MWp solar power plant in Spain from IBV Solar Parks

(IN BRIEF) ERG, via its subsidiary ERG Spain HoldCo SLU, has signed an agreement to acquire a 100% stake in Garnacha Solar SL from IBV Solar Parks, BV, a company of the German group ib vogt GmbH. The solar power … Read the full press release

EnBW’s Q1 2023 adjusted EBITDA expected to be €2.8 billion, driven by sustainable generation infrastructure

(IN BRIEF) EnBW, a German energy company, has reported a significant increase in its first-quarter operating result, with a Group adjusted EBITDA of €2.8 billion, compared to €1.2 billion generated in the same period last year. The earnings growth was … Read the full press release

EnBW opens one of Germany’s largest fast-charging stations with solar canopy

(IN BRIEF) EnBW, a German energy company, has opened a new fast-charging station with a solar canopy near the A7 autobahn. With 32 high-power charging (HPC) points, it is one of the largest fast-charging stations in Germany, and EnBW’s second-largest. … Read the full press release

RWE Commences Construction of Onshore Substation for Denmark’s Largest Offshore Wind Farm

(IN BRIEF) Renewable energy company RWE has begun construction on the onshore substation for the Thor offshore wind farm in Denmark. The wind farm is set to become Denmark’s largest to date, producing over 1,000 MW of green electricity and … Read the full press release

Kyrgyz farmer adopts innovative biogas technology with support from EBRD and EU

(IN BRIEF) Melis Aitpaev from Eshperov village in the Kyrgyz Republic has installed a biogas plant on his farm to manage manure and increase his harvest. The EBRD provided support through its Advice for Small Businesses programme and paired Melis … Read the full press release

European Investment Bank approves €6.6bn for sustainable transport, clean energy, corporate innovation and education

(IN BRIEF) The European Investment Bank (EIB) has approved €6.6 billion of new financing to support sustainable transport, clean energy, corporate innovation, and education investment worldwide. The EIB Board of Directors also adopted a mid-term review of the EIB’s Energy … Read the full press release

Civil society groups and EIB leadership discuss high-impact investments for sustainable development goals

(IN BRIEF) The European Investment Bank held a meeting at its headquarters in Luxembourg with representatives of civil society groups to discuss how the bank can respond better to global challenges including climate change, environmental degradation, poverty, and conflicts. The … Read the full press release

TotalEnergies, Sonangol Sign Angola Field Development Agreement With ANPG

(IN BRIEF) ANPG, TotalEnergies, and Sonangol Pesquisa e Produção signed a heads of agreement related to the development of the Cameia and Golfinho fields in the Kwanza basin. The project, located around 150 km southwest of Luanda, will comprise an … Read the full press release

RWE’s Limondale battery energy storage system secures Long-Term Energy Service Agreement in New South Wales

(IN BRIEF) RWE Renewables Europe & Australia has won a bid for a Long-Term Energy Service Agreement to develop a long-duration storage project in New South Wales. RWE’s Limondale battery energy storage system, which will have a planned installed capacity … Read the full press release

BBVA and EIF Commit €200 Million to Help Spanish Startups Embrace Sustainability and Digitalisation

(IN BRIEF) The European Investment Fund (EIF) and BBVA have signed an agreement under the InvestEU guarantee program to provide a €200 million guarantee to help BBVA’s specialised startup initiative, BBVA Spark, support startups with innovative and sustainable value propositions. … Read the full press release

Siemens Gamesa to supply turbines for RWE’s 1 GW onshore wind farm portfolio

(IN BRIEF) German energy company RWE has signed a framework agreement with Siemens Gamesa to build onshore wind farms across Europe using Siemens Gamesa turbines. The agreement stipulates that Siemens Gamesa will supply wind turbines with a total capacity of … Read the full press release

Italy Joins Donor Efforts with €10 Million Grants to Boost EBRD Operations in Ukraine

(IN BRIEF) Italy and the European Bank for Reconstruction and Development (EBRD) have teamed up to support Ukraine and its people during the ongoing conflict. Italy has pledged grants worth up to €10 million to support the EBRD’s operations in … Read the full press release

ABP’s Horizon Cruise Terminal Proves Capability to Support LNG-Powered Ships

(IN BRIEF) The Port of Southampton, owned and operated by Associated British Ports (ABP), has welcomed two LNG-powered cruise ships on their maiden calls in just four days. AIDAnova and Le Commandant Charcot proved the port’s capability to support such … Read the full press release

Infineon’s HybridPACK Drive G2 extends integrated B6 package to higher power and ease-of-use

(IN BRIEF) Infineon Technologies AG has launched the HybridPACK Drive G2, a new automotive power module that offers scalability and extends the concept of an integrated B6 package to higher power and ease-of-use. The HybridPACK Drive G2 is available with … Read the full press release

Infineon Technologies launches dual-port USB-C power delivery solution for in-car charging

(IN BRIEF) Infineon Technologies AG has launched the EZ-PD CCG7D, a dual-port USB-C power delivery solution with an integrated boost controller for in-car charging applications that comply with the latest USB Type-C and PD specifications (Ver. 3.1). The PD solution … Read the full press release

Schneider Electric launches Easy UPS 3-Phase Modular with Live Swap functionality

(IN BRIEF) Schneider Electric has launched Easy UPS 3-Phase Modular, a robust uninterruptible power supply designed to protect critical loads while offering third-party verified Live Swap functionality. This system is available in 50-250 kW capacity with N+1 scalable configuration and … Read the full press release

Standard Chartered updates net zero roadmap with focus on oil and gas emissions reduction

(IN BRIEF) Standard Chartered has updated its net zero roadmap and announced a target of a 29% reduction in absolute financed emissions for the oil and gas sector by 2030, when calculated from a 2020 baseline. The bank’s approach ensures … Read the full press release

Peter Hauge Madsen Receives Poul La Cour Award for Dedication to Wind Energy Research

(IN BRIEF) Peter Hauge Madsen, former Head of the Department of Wind and Energy Systems at the Danish Technical University (DTU), has won this year’s Poul La Cour Award for his leadership and dedication in advancing the European wind energy … Read the full press release

Novamont Acquisition Set to Contribute to Decarbonization of Versalis’ Product Portfolio

(IN BRIEF) Versalis, Eni’s chemical company and shareholder of Novamont, has signed an agreement to acquire the remaining 64% of Novamont’s shares held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources, and … Read the full press release

AVANGRID’s Pachwáywit Fields Solar Farm Brings Clean Energy to Oregon

(IN BRIEF) AVANGRID, a sustainable energy company, has achieved commercial operation at the 162 MWac Pachwáywit Fields solar farm in Gilliam County, Oregon, becoming the state’s largest photovoltaic plant. The facility will deliver renewable energy to large customers and municipalities … Read the full press release

INEOS Olefins & Polymer Europe signs renewable power agreement with Skagerak Energitjenester for Norwegian plants

(IN BRIEF) INEOS Olefins & Polymer Europe has signed a deal with Skagerak Energitjenester to supply renewable energy to its Rafnes and Bamble plants in Norway. The plants will be provided with 100% green power generated from hydroelectric production, reducing … Read the full press release

European Investment Bank and Commission aim to bridge global climate finance gap with €18bn financing for partner countries

(IN BRIEF) The European Commission and the European Investment Bank have jointly announced an investment of €18 billion under the Global Gateway initiative, Europe’s investment strategy for partner countries. This investment will focus on the priority areas of Global Gateway, … Read the full press release