Category Archives: Energy, Gas & Oil

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

Ukrgasbank and PrivatBank Join EBRD’s €700 Million Energy Security Initiative in Ukraine

(IN BRIEF) Ukrgasbank and PrivatBank are the first two Ukrainian banks to join the European Bank for Reconstruction and Development’s (EBRD) Energy Security Support Facility (ESSF), unlocking €700 million in loans for energy security projects. The EBRD will provide risk-sharing … Read the full press release

EBRD Unlocks €690 Million in Loans for Ukraine’s Key Industries Amid Wartime Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced new guarantees to unlock €690 million in loans for Ukraine’s critical industries, including food security and energy, through partnerships with Ukrainian banks such as PrivatBank, Ukrgasbank, KredoBank, and … Read the full press release

Ireland and EIB Collaborate to Advance Offshore Wind Port Infrastructure

(IN BRIEF) The Irish Department of Transport and the European Investment Bank (EIB) have announced a partnership to develop port infrastructure critical for supporting offshore wind projects in Irish waters. The collaboration, led by Minister Eamon Ryan and EIB Vice … Read the full press release

Schneider Electric Launches Free Zeigo™ Activate Lite for Simplified Emissions Management

(IN BRIEF) Schneider Electric has introduced Zeigo Activate Lite, a free version of its emissions management platform, designed to help businesses—especially SMEs—track and reduce their carbon emissions. The software allows users to establish emissions baselines, set decarbonization goals, and calculate … Read the full press release

Equinor Reduces CO2 Emissions by 250,000 Tonnes Annually with Partial Electrification of Troll B and C Platforms

(IN BRIEF) Equinor has partially electrified its Troll B and C platforms, cutting annual CO2 emissions by 250,000 tonnes as part of the Troll West Electrification (TWEL) project. This move is in line with the company’s goal to halve emissions … Read the full press release

DNV Launches New Climate Risk Service to Protect Solar Projects from Hail Damage

(IN BRIEF) DNV has launched a new service in partnership with Jupiter Intelligence to help solar photovoltaic (PV) developers assess the growing hail risk caused by climate change. The service provides data on hailstorm probability and size for specific locations … Read the full press release

BayWa AG Appoints Restructuring Expert Michael Baur to Lead Financial Recovery

(IN BRIEF) BayWa AG has appointed Michael Baur, a restructuring expert from AlixPartners, as Chief Restructuring Officer (CRO) to guide the company through its financial difficulties. Baur has been working with BayWa’s management to stabilize the business and will now … Read the full press release

Ukrainian Lighting Company Pikart Boosts Efficiency with EBRD Support Amid War

(IN BRIEF) Pikart Lights, a Ukrainian lighting company based in Lviv, has overcome the challenges of Russia’s invasion with support from the European Bank for Reconstruction and Development (EBRD) and the EU. The company’s investment in new moulding technology has … Read the full press release

DB Schenker, Trailer Dynamics, and CATL Collaborate on Battery Swapping Technology for Electric Trailers in Europe

(IN BRIEF) DB Schenker, Trailer Dynamics, and CATL have partnered to explore the feasibility of Battery Swapping Technology (BST) for electric trailers in Europe. The project aims to reduce vehicle downtime and enhance efficiency with battery swaps taking just five … Read the full press release

Encavis Secures €61 Million Project Financing for 114 MW Borrentin Solar Park, Supporting Germany’s Energy Transition

(IN BRIEF) Encavis AG has secured €61 million in project financing for its 114 MW Borrentin solar park in Germany. The financing was provided by Bayerische Landesbank and will help complete the solar park by the end of September 2024. … Read the full press release

Vodafone Germany to Expand Solar Energy Use Across Network Sites, Aiming for CO2e Neutrality by 2025

(IN BRIEF) Vodafone Germany is launching an initiative to install solar panels at its mobile phone towers and regional data centers, aiming to achieve CO2e neutrality by 2025. The project will begin with 86 sites and expand to 200 by … Read the full press release

Shell Confirms Euro and GBP Dividend Payments for Q2 2024, Set for September Distribution

(IN BRIEF) Shell plc has announced the euro and pounds sterling equivalent dividend payments for its second quarter 2024 interim dividend of $0.344 per ordinary share. Shareholders who opted for euros or pounds sterling will receive €0.3102 or 26.15p per … Read the full press release

Hexagon Revolutionizes Large-Scale Manufacturing with Rapid Inspection System, Cutting Inspection Times from Hours to Minutes

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has introduced the Leica Absolute Tracker ATS800, a new innovation designed to streamline quality inspections in large-scale manufacturing. By combining laser tracking and non-contact measurement, the ATS800 reduces inspection times from hours to minutes … Read the full press release

ContourGlobal Partners with AFRY to Revamp 35 Solar Plants in Italy, Boosting Efficiency and Sustainability

(IN BRIEF) ContourGlobal has selected AFRY to provide engineering services for the rehabilitation and efficiency improvement of 35 solar photovoltaic (PV) plants across nine regions in Italy, representing 60 MW of installed capacity. The project will enhance the performance of … Read the full press release

Schneider Electric and GR3N Partner to Scale Advanced Plastic Recycling with Innovative Automation

(IN BRIEF) Schneider Electric has partnered with GR3N to develop advanced plastic recycling technology using GR3N’s innovative MADE process, which breaks down hard-to-recycle PET into reusable materials with virgin-like quality. Schneider’s EcoStruxure Automation Expert platform enables modular, scalable, and efficient … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release

Schneider Electric Introduces AI-Enhanced Energy Management for Wiser Home App

(IN BRIEF) Schneider Electric has launched a new AI-powered feature for its Wiser Home app, enhancing energy management for homes. This feature optimizes the use of water heaters and electric vehicle chargers by learning from user habits, weather forecasts, and … Read the full press release

LANXESS Earns ICIS Innovation Award for Breakthrough in LFP Battery Materials

(IN BRIEF) LANXESS has won the ICIS Innovation Award 2024 for its development of high-quality iron oxides used in lithium iron phosphate (LFP) battery cathodes. This recognition underscores LANXESS’ role in advancing Western value chains for LFP technology. The company … Read the full press release

Innovative Collaboration: Nagarro and Topsoe Enhance SAP and Salesforce Solutions

(IN BRIEF) Topsoe, a leader in carbon emission reduction technologies, has celebrated a successful year-long partnership with Nagarro, a digital engineering and technology solutions provider. Nagarro has delivered exceptional support for Topsoe’s SAP applications and Salesforce services, enhancing the scalability … Read the full press release

Iberdrola’s Neoenergia Achieves Milestone with 1,000+ Women Trained at Electricians’ School in Brazil

(IN BRIEF) Iberdrola’s Brazilian subsidiary, Neoenergia, has successfully trained over 1,000 women through its Electricians’ School, a pioneering program recognized globally by WeEmpower and other international organizations. The milestone was celebrated with notable attendees including Brazil’s Minister of Mines and … Read the full press release