(IN BRIEF) Schneider Electric, a pioneer in energy management and automation, has achieved the top position in Verdantix’s recent “Green Quadrant: Energy Management Software 2023” report, showcasing the company’s excellence in comprehensive energy management solutions and a progressive approach to … Read the full press release
(IN BRIEF) GreenIT, the Italian renewable energy joint venture backed by Plenitude (Eni, 51%) and CDP Equity (CDP Group, 49%), has entered into an agreement with Galileo, a pan-European renewable energy development platform, to develop eight photovoltaic projects totaling approximately … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Switzerland
Tagged CDP Equity, deal, Eni, GALILEO, GreenIT, Ingmar Wilhelm, Paolo Bellucci, partnership, solar portfolio, sustainability
(IN BRIEF) ContiTech, a sector of Continental, is making significant strides toward sustainability by installing a photovoltaic (PV) system at its Timișoara facility in Romania. Seven more locations are set to follow suit in 2024, supporting the company’s goal of … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Romania
Tagged carbon-neutrality, Claus-Peter Spille, Continental, ContiTech, Dr. Ariane Reinhart, Ernesto Flores, Nicolai Setzer, Philip Nelles, Photovoltaic, PV installation, PV system, Romania, Timișoara
(IN BRIEF) Iberdrola has commenced the commissioning of the Vineyard Wind I offshore wind farm, marking the first major offshore wind project of its kind in the United States. With a capacity of 806 MW, the facility has begun supplying … Read the full press release
(IN BRIEF) Enel, through its subsidiary Enel Green Power North America (EGPNA), has completed a transaction with ORMAT Technologies for the sale of a renewable asset portfolio in the United States. The deal, valued at $271 million, includes EGPNA’s entire … Read the full press release
(IN BRIEF) In 2023, Fortum’s Loviisa nuclear power plant in Finland achieved exceptional results, generating 8.09 terawatt-hours of carbon-free electricity. Loviisa 1 and Loviisa 2, the plant’s units, demonstrated high operational efficiency with load factors exceeding 89%. Fortum also collaborated … Read the full press release
(IN BRIEF) OMV Petrom, Southeast Europe’s largest integrated energy company, is set to acquire a 50% stake in Electrocentrale Borzesti, which holds a 1 GW capacity of renewable projects, including 950 MW of wind and 50 MW of photovoltaic, in … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania
Tagged acquisition, Aurel Arion, Christina Verchere, Electrocentrale Borzesti, OMV Petrom, partnership, Renovatio, Romania, sustainability
(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged BP, economic challenges, Empire Wind 2, Equinor, Joshua Weinstein, Molly Morris, NYSERDA, OREC Agreement, partnership, Termination
(IN BRIEF) Enel S.p.A. has announced the purchase of 186,000 treasury shares between December 27th and 29th, 2023, on the Euronext Milan market, at an average price of 6.7302 euros per share, amounting to 1,251,825.900 euros. This transaction is part … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Italy, Management, News
Tagged acquisition, Enel, Financial, investment, Share Buyback Program, treasury shares
(IN BRIEF) QuantumScape, a U.S. technology company specializing in solid-state batteries, has achieved a significant breakthrough in battery development, as confirmed by PowerCo. Their solid-state cell has surpassed expectations by successfully completing over 1,000 charging cycles while retaining 95% of … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged battery, electric vehicle, Frank Blome, Jagdeep Singh, partnership, PowerCo, QuantumScape, sustainability, technology, USA, Volkswagen
(IN BRIEF) The European Investment Bank (EIB) has partnered with Kristera AD, a subsidiary of Agria Group Holding, to provide a €35 million loan for the construction of a new sunflower oil processing plant in northern Bulgaria and the acquisition … Read the full press release
Posted in Banks, Bulgaria, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Agria Group Holding, Bulgaria, EIB, Emil Raykov, Kristera AD, Kyriacos Kakouris, partnership, Sunflower Oil Plant, sustainability, sustainable transport
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is taking steps to reduce its carbon footprint and enhance energy self-sufficiency. The company has invested further in the Rajakiiri wind farm in Tornio, Finland, increasing its ownership to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Investment, Metals and Minerals
Tagged ferrochrome, Finland, Outokumpu, Outokumpu EvoEnergy, Rajakiiri wind farm, renewable energy, solar power plants, stainless operations, Stainless Steel, sustainable stainless steel, Tony Lindström, Tornio, wind farm, wind turbines
(IN BRIEF) Kuehne+Nagel has introduced a new carbon insetting solution for electric vehicles (EVs), becoming the first logistics service provider to offer this solution, which was previously limited to low-emission fuels. This initiative aligns with Kuehne+Nagel’s Roadmap 2026 Living ESG … Read the full press release
(IN BRIEF) The Minister of Environment and Energy Security has granted authorization for Terna’s new electricity connection project linking La Spezia and Arcola (SP). With an investment of 8 million euros, the project will involve the construction of a 4.3 … Read the full press release
(IN BRIEF) The ORLEN Group is embarking on a groundbreaking initiative to introduce Virtual Power Plant (VPP) technology, which will centralize the coordination of power generation sources throughout the country via a central control system. This innovative project aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland, Technology
Tagged Energy management, Marcin Piekarski, ORLEN Group, Virtual Power Plant Technology
(IN BRIEF) Eni has announced a significant achievement in its Congo LNG project, with the successful introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters, just twelve months after the final investment decision. … Read the full press release
(IN BRIEF) In a significant move to boost electric mobility in Europe, Elli (Volkswagen Group Charging) has expanded its charging network to offer access to more than 600,000 charge points across 27 European countries. This expansion is part of Elli’s … Read the full press release
(IN BRIEF) In central Kosovo’s village of Koshare, the Sopa family, like many others, used to spend a significant amount on wood for heating their home during harsh winters. Seeking a more sustainable and cost-effective solution, Florim Sopa invested nearly … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged EBRD, Green Investment, Heating Journey, Kosovo, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) has allocated €3 million to the Ukrainian government as part of the EIB Ukraine Solidarity Urgent Response package. The funds will be used to implement energy-saving renovations in 18 public healthcare and educational … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Ukraine
Tagged energy efficiency, EU, Kamianske, Lutsk, Oleksandr Kubrakov, partnership, Public Buildings EIB, sustainability, Teresa Czerwinska, UKRAINE, Zaporizhzhia
(IN BRIEF) The City of Yokohama, in partnership with Mitsubishi Gas Chemical (MGC) and Maersk, has signed a Memorandum of Understanding (MoU) to advance the creation of green methanol bunkering infrastructure at the Port of Yokohama in Japan, which houses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Transportation & Logistics
Tagged APM Terminals, Dr. Takeharu Yamanaka, Green Methanol Bunkering Infrastructure, Japan, Maersk, Masashi Fujii, Minami-Honmoku, Mitsubishi Gas Chemical, partnership, Sakura Kuma, sustainability, Yokohama Port
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