(IN BRIEF) The European Investment Bank has approved a €200 million loan to Latvenergo AS to upgrade Latvia’s electricity distribution network, enhancing reliability for nearly 1.9 million customers while integrating digital innovations and renewable energy sources. Scheduled for completion by … 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 Climate Action, digital innovation, EIB, Electricity distribution network, energy security, European Investment Bank, financing accord, green credentials, Guntars Baļčūns, Latvenergo AS, Latvia, National Energy and Climate Plan, partnership, renewable energy, sustainability, sustainable energy, Thomas Östros, €200 million loan
(IN BRIEF) On February 28, TÜV Rheinland Greater China confirmed SJEF Solar’s organizational greenhouse gas emissions and the cradle-to-gate carbon footprint of its N-type TOPCon solar cells through a thorough ISO-standard verification process that involved document reviews, interviews, and on-site … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Anhui Shijing Solar, carbon footprint, cradle-to-gate, Dr. Li Lixin, Energy management, environmental certification, Fan Han, Greater China, greenhouse gas verification, ISO 14064, ISO 14067:2018, Karen Chen, life cycle analysis, low-carbon strategy, N-type TOPCon, partnership, Photovoltaic, SJEF Solar, Supply Chain Management, sustainability, TÜV Rheinland
(IN BRIEF) AkzoNobel is making significant progress in China toward its goal of achieving 100% renewable electricity across its production sites. Currently, eight of the company’s 15 facilities in China are utilizing a combination of self-generated and externally sourced renewable … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology
Tagged AkzoNobel, Changzhou, Chengdu, CHINA, decorative paints, energy transition, environmental impact, global operations, green factory, Guangzhou, Langfang, partnership, Pilawa, Poland, renewable electricity, Shanghai, solar energy, solar panels, sustainability, sustainability goals, Suzhou, Wijnand Bruinsma, Wuhan, zero-carbon alternatives
(IN BRIEF) Researchers at the Technical University of Munich have developed a new method for training neural networks that is 100 times faster and more energy-efficient than traditional iterative approaches. By using probabilities instead of iterative adjustments, the method reduces … Read the full press release
Posted in Artificial Intelligence (AI), Business, Education, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Science, Technology
Tagged Advances in Neural Information Processing Systems, AI, artificial intelligence, climate modeling, data centers, energy consumption, energy efficiency, Felix Dietrich, financial forecasting, iterative methods, large language models, Munich Center for Machine Learning, Munich Data Science Institute, Neural Information Processing Systems, neural networks, NeurIPS, Physics-enhanced Machine Learning, probabilities, Technical University of Munich, TUM
(IN BRIEF) INERATEC secures €40 million in venture debt from the European Investment Bank and €30 million in grants from Breakthrough Energy Catalyst to expand its e-Fuel production capacity. The funding supports the development of Europe’s largest sustainable e-Fuel plant … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Aviation, Breakthrough Energy Catalyst, clean technology, decarbonization, e-Fuel, European Investment Bank, Frankfurt, INERATEC, INNOVATION, partnership, Power to Liquid, sustainability, sustainable energy
(IN BRIEF) Fortum is driving the global shift to a low‐carbon energy future by launching innovative hydrogen solutions showcased at the Hydrogen Summit & Expo in Tampere. Central to its strategy is the Kalla Hydrogen Pilot Plant in Finland, a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 2 MW facility, alkaline electrolyser, Collaborative Vision, cost‐effectiveness, cross‐sector partnerships, demand response systems, dynamic operating modes, efficiency, electricity purchasing, Energy Landscape, Finland, flexibility, Fortum, grid service integration, Guarantees of Origin, hedging portfolio, hydrogen solutions, Hydrogen Summit & Expo, industrial site development, integrated solutions, in‐house hydrogen expertise, Kalla Hydrogen Pilot Plant, long‐term PPAs, low‐carbon energy transition, low‐carbon future, Nordics, operational models, PEM electrolyser, production 2025, real‐time market adjustments, renewable energy, RFNBO, robust hydrogen market, safety, scalable hydrogen production, sustainability demands, sustainable energy ecosystem, tailored purchasing agreements, Tampere, waste heat utilization
(IN BRIEF) Equinor, in partnership with Okea and Pandion Energy, has confirmed a commercial gas and condensate discovery in the Mistral Sør exploration well located in the Halten area of the southern Norwegian Sea. Preliminary assessments estimate recoverable oil equivalent … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged 15/8-G-4 Utgard, 4024 metres depth, commercial discovery, condensate, Data Acquisition, Deepsea Atlantic, Deepsea Atlantic rig, Equinor, European energy security, existing infrastructure, Garn Formation, gas, Grete B. Haaland, Halten area, hydrocarbon column, Ile Formation, Kristin Sør, Lavrans field, Linnorm, Middle Jurassic sandstone, Mistral Sør, Norwegian Continental Shelf, Norwegian Sea, OKEA, Pandion Energy, partnership, production licence 1119, recoverable oil equivalent, reservoir properties, sampling, sustainability, tie-back
(IN BRIEF) SFC Energy AG has landed its first order in Saudi Arabia by signing a contract with RESTART Limited Company for EFOY Pro methanol fuel cells and accessories, designed to power off-grid CCTV and public safety monitoring systems. After … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged accessories, CCTV, clean energy, Dr. Peter Podesser, earnings, EFOY Pro, financial year 2025, first order, high-temperature conditions, hydrogen, logistics savings, methanol fuel cells, Middle East, mobile hybrid power solutions, Mr. Fahad Alsuhaim, off-grid, partnership, portable, proof of concept, public safety monitoring systems, RESTART Limited Company, revenue, Saudi Arabia, Saudi Vision 2030, SFC Energy AG, stationary, sustainability, sustainable energy solutions
(IN BRIEF) Vitol Asia Pte Ltd has signed a 10-year LNG supply agreement with LNGPH—the integrated LNG power facilities of SPPC and Excellent Energy Resources Inc—to deliver up to 0.8 million metric tons of LNG annually starting in 2025. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged 0.8 million metric tons, 10-year deal, 2025, AboitizPower, Batangas LNG Terminal, cleaner energy transition, EERI, energy security, Excellent Energy Resources Inc, Jay Ng, Linseed Field Power Corporation, LNG partnership, LNG supply agreement, LNGPH, Luzon power needs, Meralco PowerGen Corporation, Pablo Galante Escobar, partnership, PHILIPPINES, San Miguel Global Power, SPPC, sustainability, sustainable energy, Vitol Asia Pte Ltd, Yari A. Miralao
(IN BRIEF) The Ignalina Nuclear Power Plant in Lithuania has contracted Sweco for €448,000 to evaluate environmental risks for a proposed deep geological repository intended for the final disposal of long-lived radioactive waste. As a vital part of Ignalina’s decommissioning … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Sweden, Technology
Tagged Air Quality, Belgium, biodiversity, decommissioning, deep geological repository, energy transition, environmental risks, EU agreement, Finland, geological layers, groundwater, Ignalina nuclear power plant, Lithuania, Liudas Zalunskis, Managing Director Sweco Lithuania, partnership, Radioactive waste, RBMK-type reactors, reactor dismantling, site restoration, soil, sustainability, Sustainable Management, Sweco, Sweden
(IN BRIEF) SEB Nordic Energy’s portfolio company Locus Energy, in partnership with Ingrid Capacity, is launching the largest battery energy storage project in the Nordics. The project, which will add 70 MW/140 MWh of storage to its Finnish renewable assets, … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged 125 GWh wind portfolio, 2026, 70 MW/140 MWh, energy balancing, Europe, Finnish renewable portfolio, flexible assets, grid-scale battery storage, hydropower, Ingrid Capacity, largest battery energy storage facility, Locus Energy, Nivala Municipality, Nordics, Ostrobothnia, pan-Nordic independent power producer, partnership, Portfolio Manager, Richard Gavel, SEB Nordic Energy, strategic partnership, sustainability, system flexibility, three wind parks, Wind
(IN BRIEF) ABB has successfully acquired Siemens’ Wiring Accessories business in China, enhancing its position in the smart building technologies sector. The acquisition, valued at over $150 million in revenue for 2024, adds a robust distribution network across 230 cities … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged ABB, ABB Electrification, acquisition, AI, CHINA, decarbonization, digitalization, distribution network, electrification, energy efficiency, home automation, Mike Mustapha, partnership, portfolio expansion, Siemens, smart building solutions, smart building technologies, smart buildings, smart door locks, smart home systems, Southeast Asia, sustainability, urbanization, Wiring Accessories
(IN BRIEF) Fortum and the City of Loviisa have reached an agreement for the sale of approximately 300 hectares of land near the Loviisa power plant. Valued at 10.6 million euros, the land sale is subject to approval by the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged City of Loviisa, clean energy transition, Fortum, industrial uses, infrastructure, land sale, land transaction, local community, local stakeholders, Loviisa power plant, low-carbon electricity production, Mika Rainemaa, national grid, nuclear power, partnership, regional land use plan, substation, sustainability, sustainable energy solutions, zoning process
(IN BRIEF) ANDRITZ has secured a major order to provide authority engineering services for a 100 MW green hydrogen plant in Rostock, Germany, placed by the joint venture REPCO, which includes major energy companies such as RWE, EnBW, RheinEnergie, and … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, decarbonization, electrolysis, EnBW Neue Energien GmbH, energy transition, EPC, European Hydrogen Backbone, Germany, Green Energy, GREEN HYDROGEN, Hydrogen Core Network, HydrogenPro, HyTechHafen Rostock, partnership, REPCO, RheinEnergie AG, Rostock, Rostock Port GmbH, RWE Generation SE, Salzgitter Flachstahl GmbH, sustainability, sustainable future
(IN BRIEF) The EIB Group has committed €121 million to a synthetic securitisation operation with Santander, aiming to mobilize €163 million to promote green loans in Spain’s residential real estate market. This collaboration will support energy efficiency and sustainability projects, … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Investment, Real Estate, Spain
Tagged capital relief, Climate Action, climate change, CO2 emissions, COHESION, EIB, EIB Group, EIB priorities, EIF, energy efficiency, energy efficient buildings, European Investment Bank, European Investment Fund, green loans, Green Mortgages, near-zero emission, real estate, renovation, residential mortgages, Santander, securitisation market, Spain, sustainability, sustainable mortgages, synthetic securitisation
(IN BRIEF) The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB), with support from the European Union (EU), have launched a €100 million partnership aimed at addressing climate action and environmental sustainability challenges in the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Investment, Luxembourg
Tagged Africa-European Union Green Energy Initiative, Ambroise Fayolle, capacity building, Climate Action, EBID, EBID Vice President Mory Soumahoro, ECOWAS Bank for Investment and Development, ECOWAS region, ECOWAS Vision 2050, EIB, EIB Global, energy transition, environmental sustainability, EU, European Investment Bank, European Union, financial partnership, financing gap, Global Gateway strategy, Jozef Sikela, photovoltaic projects, poverty reduction, renewable energy, sustainable agriculture, Technical Assistance, UN Sustainable Development Goals, water treatment
(IN BRIEF) Infineon Technologies has supplied its advanced REAL3™ Time-of-Flight (ToF) sensor technology to Roborock for the Saros Z70 robotic vacuum, which features the world’s first 5-axis robot arm. This innovative arm enables the vacuum to move obstacles and clean … Read the full press release
Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Germany, Industrial, Technology
Tagged 5-axis robot arm, Andreas Kopetz, CES 2025, compact design, home cleaning, Infineon Technologies, INNOVATION, navigation, object recognition, obstacle removal, pmdtechnologies, REAL3 Time-of-Flight, Roborock, robotic vacuum cleaner, robotics, Saros Z70, sensor market, sensor technology, sensor unit and radio frequency, smart home, SURF, ToF
(IN BRIEF) The Nordic Investment Bank (NIB) has received official validation for its emission reduction targets from the Science Based Targets initiative (SBTi), confirming its alignment with a 1.5°C pathway. These targets, announced at COP28 in 2023, are part of … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Finland, Investment, Management, News
Tagged André Küüsvek, carbon emissions, Climate Strategy, COP28, decarbonisation, Emission Reduction Targets, environmental advisory services, EU neutrality goals, financing, global warming, green solutions, greenhouse gas emissions, indirect emissions, lending strategy, low-carbon economy, Luca de Lorenzo, net-zero, NIB, Nordic Investment Bank, Paris Agreement, SBTi, Science Based Targets initiative, sustainability, sustainability-linked loans
(IN BRIEF) KSB Group is set to launch its MultiTec Plus pump series by the end of February 2025, with the size 150 variant designed for drinking water transport. These pumps are optimized for hydraulic efficiency and energy savings, integrating … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, News, Technology
Tagged axial thrust balancing, carbon footprint, casing pressures, casing wear rings, customizable nozzle arrangements, drinking water transport, durability, energy consumption, energy efficiency, flow rate, four-pole three-phase motors, horizontal installation, hydraulic efficiency, KSB Cloud, KSB Group, KSB Guard, maintenance costs, maximum head, monitoring system, MultiTec Plus, noise emissions, pump series, PumpDrive, reliability, service life, silicon carbide, synchronous reluctance motors, temperature, variable speed systems, vertical installation, vibration data, wear-protected transition areas
(IN BRIEF) Eni and PETRONAS have entered into an exclusive Memorandum of Understanding to establish a joint venture holding company focused on selected upstream assets in Malaysia and Indonesia. The partnership aims to drive growth in the region, targeting a … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Italy
Tagged energy transition, exploration, gas development, Indonesia, joint venture, LNG, Malaysia, PETRONAS, production, upstream assets
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