Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Euronext and Nord Pool Unveil New Power Futures Market for Nordic and Baltic Regions

(IN BRIEF) Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market, named Euronext Nord Pool Power Futures. The market will be hosted on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. … Read the full press release

GIGA Storage and TenneT Launch Pioneering Time-Based Grid Contract to Boost Energy Efficiency

(IN BRIEF) GIGA Storage and TenneT have signed the first-ever time-based grid connection contract, allowing GIGA Storage’s 300 MW battery project, GIGA Leopard, to efficiently connect to the electricity grid in Delfzijl, Netherlands. This innovative contract, part of a national … Read the full press release

Energy Industry Embraces AI, But Digital Divide Grows Among Companies, DNV Survey Reveals

(IN BRIEF) A DNV survey reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The survey also highlights a growing divide between “Digital Leaders,” who are excelling in digitalization … Read the full press release

Empa Names Matthias Sulzer as New Head of Engineering Sciences Department

(IN BRIEF) Empa has appointed Matthias Sulzer as the new Head of the Engineering Sciences Department, effective January 1, 2025. Sulzer, an expert in energy and building technology, will succeed Peter Richner, who will retire in March 2025. Sulzer will … Read the full press release

CIMIC Group Secures Key Contracts in Australia and India, Expanding Renewable Energy and Real Estate Footprint

(IN BRIEF) CIMIC Group has secured two significant contracts: one in Australia to build the second phase of the Western Downs Battery in Queensland for Neoen, featuring a 270 MW / 540 MWh Battery Energy Storage System, and another in … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares for €7.5 million as part of its ongoing €1 billion share buyback program. This brings the total repurchased shares to 25.7 million, with a cumulative spend of €720.5 million. The buyback … Read the full press release

Chubb Enhances Resilience Services with New Leadership Appointment

(IN BRIEF) Chubb has appointed Amelie Fava-Verde as Senior Vice President of North America Chubb Resilience Services, a new role focused on enhancing the company’s risk engineering and resilience capabilities. With over 20 years of experience in environmental risk and … Read the full press release

Schaeffler to Unveil Advanced Rail Technologies at InnoTrans 2024

(IN BRIEF) Schaeffler will showcase its latest rail transportation technologies at InnoTrans 2024 in Berlin, focusing on enhancing reliability, sustainability, and availability in rail systems. Highlights include the TAROL axlebox bearings, which are known for their durability and low maintenance … Read the full press release

Arkema Achieves ISCC PLUS Certification for Specialty Resins Facility in China, Expanding Sustainable Solutions in Asia

(IN BRIEF) Arkema has received ISCC PLUS certification for its Nansha production site in China, allowing the company to launch a new range of bio-attributed UV/LED/EB curable resins for the Asian market. This certification supports Arkema’s commitment to sustainability and … Read the full press release

BMW Group Plant Hams Hall Introduces SpOTTO the Robodog for Advanced Production Monitoring

(IN BRIEF) BMW Group Plant Hams Hall has introduced SpOTTO, an autonomous robodog developed by Boston Dynamics, to enhance production monitoring and data collection. SpOTTO, equipped with advanced sensors, plays a key role in maintaining the plant’s operations and contributing … Read the full press release

Marel Unifies Retail, Food Service Solutions, and Fish Divisions Under New Leadership

(IN BRIEF) Marel has unified its Retail and Food Service Solutions (RFS) and Fish divisions under the leadership of Jesper Hjortshoj to streamline operations and enhance customer value. Jesper, who has been with Marel for 18 years, will also continue … Read the full press release

Wood Drives Carbon Capture and Storage Advancements on Norwegian Continental Shelf

(IN BRIEF) Wood is advancing three major carbon capture and storage (CCS) projects on the Norwegian Continental Shelf, capable of storing up to 21 million tonnes of CO2 annually—nearly half of Norway’s 2023 CO2 emissions. The company has completed essential … Read the full press release

TUM Expands Opportunities for Vocational Training, Supporting Cutting-Edge Research

(IN BRIEF) The Technical University of Munich (TUM) offers a variety of vocational training programs, allowing individuals to pursue impactful careers in science and technology without a traditional university degree. This year, 30 new apprentices are joining TUM, where they … Read the full press release

ZEISS Introduces Next-Generation 3D X-Ray Microscope with Enhanced Performance and User Accessibility

(IN BRIEF) ZEISS has launched the VersaXRM 730, a new 3D X-ray microscope that offers enhanced resolution, faster imaging, and improved user accessibility. The system features the award-winning ZEN navx control system, which simplifies operation for users of all skill … Read the full press release

MAN eTGX Secures Top Spot in First-Ever Electric Truck Comparison Test

(IN BRIEF) The MAN eTGX electric truck claimed first place in the world’s first major comparison test of heavy-duty electric trucks, conducted by the German magazine ‘Trucker’. It outperformed five competitors, earning praise for its low unladen weight, smooth driving … Read the full press release

MOL Group Announces Bold Strategy Update for a Sustainable and Self-Sufficient Future

(IN BRIEF) MOL Group has updated its long-term strategy, “SHAPE TOMORROW,” aiming for carbon neutrality by 2050. The plan includes over $4 billion in green investments by 2030, focusing on renewable energy, efficiency improvements, and waste management. The company also … Read the full press release

Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas

ASTOR ASSET MANAGEMENT 3 LTD INFORMA QUE RICARDO BENJAMIN SALINAS PLIEGO INCUMPLE EL PRÉSTAMO DE 110 MILLONES DE DÓLARES Y VIOLA NUEVAMENTE LAS REGULACIONES MEXICANAS DE VALORES (NOTICIA EN BREVE) Astor Asset Management 3 Ltd, una destacada institución financiera, ha … Read the full press release

Stora Enso Takes Swift Action Following Environmental Violation in Finland

(IN BRIEF) Stora Enso has initiated immediate actions following an environmental violation at one of its harvesting sites in Kainuu, Finland. The company has suspended all harvesting in sensitive areas until operational guidelines and risks are reassessed. Additionally, Stora Enso … Read the full press release

ETH Zurich and Hong Kong Researchers Achieve World’s First Remote-Controlled Magnetic Endoscopy

(IN BRIEF) Researchers from ETH Zurich and The Chinese University of Hong Kong have successfully performed the first remote-controlled magnetic endoscopy on a live pig, with the procedure being operated from Zurich while the animal was in Hong Kong. This … Read the full press release

SSIF Expands Fleet with Additional Stadler Narrow-Gauge Trains, Supported by EU Funding

(IN BRIEF) The Italian railway operator SSIF has ordered additional narrow-gauge trains from Stadler, bringing the total to four as part of a framework agreement supported by €35.7 million in European funding. These new trains will operate on the Domodossola-Locarno … Read the full press release