(IN BRIEF) Finnish companies will gain access to over €400 million in financing for green and digital transformations through a partnership between Nordea Bank and the European Investment Fund (EIF). Backed by the InvestEU programme, the agreement provides SMEs and … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged businesses, clean technology, EIF, energy efficiency, Financial, Finland, InvestEU, Marjut Falkstedt, Nina Arkilahti, Nordea Bank, partnership, SMEs, sustainability
(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 7-year EUR 42.8 million loan agreement with Sunnhordland Kraftlag AS (SKL) to finance the modernization of the Løkjelsvatnet hydropower plant in Etne, Norway. Completed in October, the upgrade doubled the … Read the full press release
(IN BRIEF) Neste and AT-Tuote have partnered to launch AT Fossil Free Multi Oil, a multipurpose oil made with over 90% renewable content from Neste RE™ feedstock. This collaboration aims to reduce the product’s carbon footprint by over 85% compared … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News
Tagged AT-Tuote, Jeroen Verhoeven, Jorma Virtanen, Multipurpose Oil, Neste, Neste RE™, partnership, Renewable Content, sustainability
(IN BRIEF) Infineon Technologies and EVE Energy have signed a memorandum of understanding to develop advanced battery management system (BMS) solutions for the automotive industry. Infineon will supply a complete chipset, including microcontrollers, monitoring ICs, and MOSFETs, to enhance EVE … Read the full press release
(IN BRIEF) Wood has secured a $17 million contract with a leading petrochemical company in the Middle East to improve efficiency and significantly reduce emissions at a manufacturing facility. Over the 18-month project, Wood will provide engineering, consultancy, and specialist … Read the full press release
(IN BRIEF) Fortum is renewing the main seawater pumps and motors at its Loviisa nuclear power plant as part of investments to extend the plant’s lifespan and ensure reliable electricity production. The seawater pumps, critical to the plant’s cooling system, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has provided an €80 million loan to the Port Authority of Bilbao to support the port’s expansion and integration of renewable energy infrastructure. The project will enhance capacity and efficiency at a key … Read the full press release
(IN BRIEF) The Lithuanian government and the European Investment Bank (EIB) have partnered in a €100 million initiative to renovate 700 multi-apartment buildings, mobilizing up to €625 million to improve energy efficiency. The project will reduce household energy bills, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology
Tagged apartment buildings, EIB, energy efficiency, Gintarė Skaistė, Lithuania, partnership, Simonas Gentvilas, sustainability, Thomas Östros
(IN BRIEF) Prologis, a global leader in logistics real estate, has secured a €225 million framework loan from the European Investment Bank (EIB) to install rooftop solar panels and battery storage systems at its facilities across Western and Central Europe. … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate
Tagged Christian Nickels-Teske, EIB, partnership, Prologis, renewable energy, Robert de Groot, Solar, storage systems, sustainability, USA
(IN BRIEF) The European Investment Bank (EIB) has granted a €50 million loan to the Zumtobel Group to advance its research and development of innovative lighting solutions, focusing on energy-efficient and connected technologies for smart buildings and cities. With a … 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, Technology
Tagged Austria, digitalization, EIB, Lighting Innovation, partnership, sustainability, Thomas Erath, Thomas Östros, Zumtobel
(IN BRIEF) The University of Exeter’s annual Science of Christmas event in Cornwall captivated 170 primary schoolchildren with stories from science and engineering. Dr. Johanna Hedlund discussed the mystery of dragonfly migration to Christmas Island, Amy Bray and Maddie Kirby … Read the full press release
Posted in Business, Education, Energy, Gas & Oil, Environment, Industrial, Management, News, Science, Technology, United Kingdom
Tagged Alex Thornton, Amy Bray, Christmas Event, Cornwall, Dr. Faryal Khalid, Dr. Johanna Hedlund, Maddie Kirby, science, sustainability, University of Exeter, Young Minds
(IN BRIEF) Uniper Ruhrgas International GmbH, a subsidiary of Uniper SE, plans to sell its 18.26% stake in AS Latvijas Gaze through an open and transparent bidding process, following approval from the European Commission. AS Latvijas Gaze, a major player … Read the full press release
(IN BRIEF) DNV has released the DNV-ST-J301 Electrolyser Systems standard, setting a benchmark for the safe design, construction, and operation of electrolysers used in hydrogen production. This standard provides a comprehensive, risk-based framework to ensure safety and scalability throughout the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Security & Safety, Technology
Tagged DNV, DNV-ST-J301 Electrolyser Systems Standard, Electrolyser Systems, hydrogen production, Magnus Killingland, Peter Paschke, Prajeev Rasiah, safety, Scalability
(IN BRIEF) A consortium of British universities, including Newcastle, Northumbria, Teesside, Durham, and Cranfield, is collaborating with Saudi Arabian universities and industrial partners to establish a Joint International Institute for Clean Hydrogen. Announced by UK Prime Minister Keir Starmer during … Read the full press release
Posted in Business, Education, Energy, Gas & Oil, Industrial, United Kingdom
Tagged British universities, Cranfield, Durham, engineers, fossil fuels, global innovation, green energy agenda, Gulf visit, industrial partners, Joint International Institute for Clean Hydrogen, local communities, net zero, Newcastle, Newcastle United, Northumbria, Prime Minister Keir Starmer, Princess Nourah University, RESEARCH, Saudi Arabia, sustainable energy, Teesside, UN Sustainable Development Goals
(IN BRIEF) ORLEN has announced its participation in the 33rd Finale of Poland’s Great Orchestra of Christmas Charity (WOŚP) on January 26, 2025, to support paediatric oncology and haematology wards. The fundraiser aims to purchase advanced diagnostic equipment for 18 … Read the full press release
Posted in Business, Energy, Gas & Oil, Entertainment, Financial, Government, Healthcare, Industrial, Investment, Management, Media, News, Non Profit, Poland, Science, Technology
Tagged Great Orchestra of Christmas Charity, Healthcare, Ireneusz Fąfara, Lidia Kołucka, ORLEN, Paediatric Cancer Care, partnership, Poland, wellness
(IN BRIEF) TenneT, the high-voltage grid operator, announced that South Holland’s electricity grid has reached capacity for large consumers due to rising demand from heat pumps, EV charging stations, and industrial transitions to electricity. New applications for connections exceeding 3×80 … Read the full press release
(IN BRIEF) 50Hertz is advancing Germany’s energy transition with the installation of STATCOM systems across its grid to enhance voltage and frequency stability amid increasing renewable energy integration. New systems from GE Vernova and Nidec Conversion will be deployed at … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 50Hertz, Dominique Llonch, Dr. Dirk Biermann, grid stability, Johan Bindele, renewable energy, STATCOM (Static Synchronous Compensator), technology
(IN BRIEF) Equinor UK and Shell UK are joining forces to create the largest independent energy producer in the UK North Sea, combining their offshore oil and gas portfolios into a new joint venture. The company, equally owned by both … Read the full press release
(IN BRIEF) Barclays’ Property Insights Report reveals an 8.2% year-on-year rise in rent and mortgage costs in November, driven by homeowners transitioning to higher interest rates. Energy efficiency improvements, such as insulation and solar panels, are a priority for a … Read the full press release
(IN BRIEF) ENTSO-E, the European Network of Transmission System Operators for Electricity, is celebrating its 15th anniversary, highlighting its role in creating a clean, reliable, and competitive power system for Europe. Since its establishment in 2009, ENTSO-E has united 40 … Read the full press release
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