Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Europe’s Electricity Grids Face Crucial Upgrade to Accommodate Renewable Energy Surge

(IN BRIEF) The “Future of our grids” conference in Brussels is addressing the need to accelerate the development of electricity grids in Europe to accommodate the rapid growth of renewable energy sources like wind and solar. Current grid infrastructure struggles … Read the full press release

Spanish City of Castelló Partners with Kapsch TrafficCom to Implement Low Emission Zone for Cleaner, Quieter, and Less Congested Streets

(IN BRIEF) The Spanish city of Castelló is partnering with Kapsch TrafficCom to implement a Low Emission Zone (LEZ) in its central area to address air quality, noise, and congestion issues. The system will rely on number plate recognition, air … Read the full press release

DNV Expands Energy Services with Acquisition of ANB Systems, Bolstering Energy Efficiency Solutions

(IN BRIEF) DNV has acquired ANB Systems, a Houston-based software as a service (SaaS) company specializing in energy program services for utility and regulatory body customers. The move is part of DNV’s commitment to supporting the energy transition by enhancing … Read the full press release

DNV Report Highlights Challenges in Achieving 2030 Maritime Emission Targets Amid Competition for Greener Fuels

(IN BRIEF) The shipping industry faces challenges in meeting 2030 maritime emission targets due to competition for greener fuels. DNV’s Maritime Forecast to 2050 report highlights that securing a sufficient supply of carbon-neutral fuels will be difficult. The industry must … Read the full press release

DNV Grants Design Verification for Avikus and Hyundai’s AI-Based ‘HiNAS Control’ Navigation System, Gaining Industry Approval

(IN BRIEF) At Gastech 2023, DNV has granted a design verification report (DVR) for the AI-based autonomous navigation system “HiNAS Control,” a joint project by Avikus and HD Hyundai Heavy Industries. Liberian International Ship and Corporate Registry (LISCR) has also … Read the full press release

Independent Study Reveals Alarming Financial Health of UK Football Clubs, Urges Corrective Actions

(IN BRIEF) An independent study co-authored by a Management School, published alongside the UK Government’s response to the ‘A sustainable future – reforming club football governance’ White Paper, reveals concerning findings regarding the deteriorating financial health of football clubs. The … Read the full press release

UCL Researchers Secure Prestigious ERC Grants for Groundbreaking Neuroscience and Disease Research

(IN BRIEF) Two UCL researchers have been awarded prestigious European Research Council (ERC) Starting Grants, each receiving approximately 1.5 million euros. Dr. Marco Wittmann’s project, “DeepSocial,” aims to use non-invasive deep brain stimulation to explore the brain’s social cognition processes. … Read the full press release

UCL Applauds UK’s Return to Horizon Europe, Unlocking Opportunities for Research and Innovation

(IN BRIEF) UCL leaders have welcomed the UK Government’s agreement with the European Commission, allowing UK scientists to fully participate in Horizon Europe, a significant £81 billion research and innovation program. This agreement enables UK organizations, including UCL, to lead … Read the full press release

UCL Researchers Develop Robotic Driving Seat to Enhance Safety in Highly Automated Vehicles

(IN BRIEF) Researchers from UCL’s Intelligent Mobility group (IM@UCL) have developed a robotic driving seat for highly automated vehicles to signal drivers when human input is needed. The seat assesses the driver’s situational awareness by monitoring eye movements and brain … Read the full press release

Nordic Investment Bank’s USD 1 Billion Benchmark Bond Attracts Strong Demand

(IN BRIEF) The Nordic Investment Bank (NIB) has successfully launched a USD 1 billion two-year global benchmark bond on September 6th. The issuance saw strong demand, with final orders reaching USD 2.5 billion, allowing NIB to price the bond at … Read the full press release

SIX’s BME Clearing Greenlit for Digital Asset Derivatives Trading in Europe

(IN BRIEF) BME Clearing, a Spanish central counterparty (CCP) and part of the SIX Group, has received regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) to clear Bitcoin and Ethereum futures denominated in USD under EU regulations. … Read the full press release

SGL Carbon Commits to Nurturing Young Talent: Welcomes 32 New Apprentices

(IN BRIEF) SGL Carbon welcomes 32 new apprentices across multiple sites, reaffirming their commitment to nurturing young talent. In Meitingen, 13 apprentices will train in various fields, including industrial mechanics and process mechanics, while Brembo SGL Carbon Ceramic Brakes trains … Read the full press release

ORLEN Group Expands Gas Production in Norway, Boosting Poland’s Energy Security

(IN BRIEF) The ORLEN Group is strengthening its presence in Norway and preparing to launch production from the Tommeliten Alpha field, which will yield an additional 0.5 billion cubic meters of natural gas annually. This is part of a series … Read the full press release

Rheinmetall to Showcase Advanced Military Technologies at DSEI 2023

(IN BRIEF) Rheinmetall is set to showcase a wide range of products, systems, and activities for the digitalized battlefields of the future at DSEI 2023. This includes the Boxer MIV, Challenger 3 upgrade program, Caracal airmobile vehicle platform, Lynx KF41, … Read the full press release

Laborie to Acquire Urotronic, Expanding Its Medical Technology Portfolio

(IN BRIEF) Laborie, a subsidiary of Patricia Industries, is set to acquire the remaining 91 percent of Urotronic, a US medical technology company known for its OptilumeTM device for treating benign prostatic hyperplasia (BPH). In 2020, Laborie entered a strategic … Read the full press release

Alfa Laval’s OceanGlide Chosen for Retrofit on Kumiai Navigation’s LPG Tanker for Sustainability Gains

(IN BRIEF) Alfa Laval OceanGlide’s fluidic air lubrication system has been selected for installation on a 54k DWT LPG tanker owned by Kumiai Navigation. The decision to retrofit OceanGlide is part of Kumiai Navigation’s sustainability efforts, aiming to reduce energy … Read the full press release

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

(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

DNV Grants Approvals to Hanwha Ocean for Innovative LCO2 Carrier and URN Measurement

(IN BRIEF) DNV has awarded Hanwha Ocean an Approval in Principle (AiP) and an Approval of Service Suppliers (AOSS) for two innovations: a large-scale liquefied carbon dioxide (LCO2) carrier tank and an underwater radiated noise (URN) measurement system. The LCO2 … Read the full press release

DNV and Pacific Carriers Limited Strengthen Collaboration for Sustainable Shipping and ESG Initiatives

(IN BRIEF) DNV has signed a Memorandum of Understanding (MoU) with Pacific Carriers Limited (PCL) to collaborate on sustainable vessel designs, decarbonization strategies, and ESG initiatives. This renewed partnership focuses on environmental, social, and governance (ESG) considerations and aligns with … Read the full press release

GTT Receives ABS Approvals and Partners with DHT Holdings Inc. on LNG-Fueled Tanker Projects

(IN BRIEF) GTT has received three Approvals in Principle (AiPs) from the American Bureau of Shipping (ABS) and entered into a Joint Development Project (JDP) with ABS and crude oil tanker company DHT Holdings Inc. These AiPs cover the concept … Read the full press release