(IN BRIEF) British Gas has introduced a pioneering ‘You Pay: We Pay’ scheme, dedicating £15 million to assist customers struggling with fuel poverty by matching their energy payments over a six-month period. This initiative, launching in June, proactively identifies and … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged 'You Pay: We Pay', British Gas, Centrica, Chris O’Shea, Financial, fuel poverty, Richard Lane
(IN BRIEF) The Mercedes-Benz eCitaro G, an all-electric articulated city bus, has been named the Electric Bus Champion of 2024 after excelling in the rigorous comparison test organized by Omnibusspiegel bus magazine in Bonn. This marks the second consecutive victory … Read the full press release
(IN BRIEF) In the first quarter of 2024, Energiekontor AG, a prominent German developer of wind and solar parks, significantly expanded its portfolio, commissioning two new wind parks with a combined capacity of 29 megawatts, including the Jacobsdorf wind park … Read the full press release
(IN BRIEF) EDF has successfully signed green bank loans totaling approximately €5.8 billion, with terms ranging from three to five years, facilitated by major international banks such as BNP Paribas and Bank of America. These funds are earmarked specifically for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News
Tagged Bank of America, BNP Paribas, Crédit Agricole CIB, EDF, ING, Natixis CIB, nuclear, partnership, SOCIÉTÉ GÉNÉRALE, sustainability, Wells Fargo
(IN BRIEF) Barclays is actively financing the transition of the energy sector by implementing strict policies and reducing financed emissions by 44% in the Energy sector and 26% in the Power sector from 2020 to 2023. Despite facing criticism for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Barclays, Financial, fossil fuel, investments, partnership, sustainability
(IN BRIEF) The Baltic Eagle offshore wind farm, a joint venture between Iberdrola and Masdar, has installed its first turbine, marking the beginning of the final phase of construction. This 476 MW project is set to be fully operational by … Read the full press release
Posted in Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Baltic Eagle, Baltic Eagle wind farm, Blue Tern, clean energy, Felipe Montero, Fred. Olsen Windcarrier, Husain Al Meer, Iberdrola, Masdar, Nils de Baar, renewable energy, turbine, Vestas, Wikinger, wind turbines, Windanker
(IN BRIEF) During a state visit to France by the President of China, TotalEnergies and SINOPEC, represented by their respective leaders Patrick Pouyanné and Ma Yongsheng, signed a strategic cooperation agreement to enhance their collaboration in low-carbon energies. Building on … Read the full press release
(IN BRIEF) Georg Stamatelopoulos, the new CEO of EnBW, reflected on the company’s strong financial results for 2023 and affirmed the guidance for 2024 during the Annual General Meeting held virtually from Stuttgart. EnBW, which plans to invest about €40 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Andreas Schell, EnBW, Financial, Georg Stamatelopoulos, investment, Peter Heydecker
(IN BRIEF) VARTA AG’s Supervisory Board has named Michael Ostermann as Board Member and Chief Executive Officer (CEO), effective May 6, 2024. With extensive management experience in the automotive and battery industries, Ostermann is poised to lead VARTA AG, alongside … Read the full press release
(IN BRIEF) ZF Wind Power is boosting its capacity in Coimbatore, India, from 9 to 12 GW to meet the surging global demand in the wind market, supporting the transition of over 10 million households to green energy annually. Additionally, … Read the full press release
(IN BRIEF) Infineon Technologies AG, a semiconductor leader, will provide silicon carbide (SiC) power modules and bare die products to Xiaomi EV for its SU7 electric vehicles until 2027. Infineon’s CoolSiC-based power modules offer superior performance, driving dynamics, and lifetime … Read the full press release
(IN BRIEF) Mercedes-Benz Trucks is gearing up for its most extensive test run yet, slated for this summer, featuring the groundbreaking electric flagship eActros 600. With two near-series prototypes, the trucks will traverse over 20 European countries, clocking more than … Read the full press release
(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a License Agreement for the utilization of GTT membrane containment technology in onshore LNG storage. This collaboration aims to facilitate the construction of onshore LNG storage … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Adnan Ezzarhouni, GTT, Jiang Changliang, Onshore LNG Storage Solutions, partnership, Philippe Berterottière, PipeChina Innovation, Sang Guangshi, sustainability
(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by the Energy Technology Development and Demonstration Program (EUDP), which recently inaugurated the world’s first thermal energy storage system using molten hydroxide salts. This innovative project, … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Alasdair Maciver, Alfa Laval, Denmark, Molten Salt Storage (MOSS), partnership, sustainability, Søren Gade, Thermal Energy Storage System, Thomas Møller
(IN BRIEF) Siemens has finalized the construction of a 200kWp solar farm at the University of York’s Institute for Safe Autonomy, as part of a £1.5 million research endeavor funded by the UK Research Partnership Investment Fund (UKRPIF). This collaborative … Read the full press release
Posted in Artificial Intelligence (AI), Business, Education, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, United Kingdom
Tagged Faye Bowser, partnership, Professor Miles Elsden, Siemens, solar farm, sustainability, UK, University of York
(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Bavaria, Daniel Mölk, Eavor-LoopTM, EIB, EU, Geothermal Heating Project, INNOVATION, investment, Nicola Beer, partnership, sustainability, Wopke Hoekstra
(IN BRIEF) Ørsted’s interim report for the first quarter of 2024 reveals operating profit in line with expectations, with a notable 18% increase in offshore site earnings, attributed to factors such as higher wind speeds and successful project completions. The … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Financial, investment, Mads Nipper, offshore wind projects, Ørsted
(IN BRIEF) Omexom UK & RoI and Taylor Woodrow, subsidiaries of VINCI Energies and VINCI Construction respectively, have formed a joint-venture named OTW in the UK. OTW has been selected as a delivery partner for the Great Grid Partnership program, … Read the full press release
(IN BRIEF) The Australian Government has awarded Ocean Winds, a joint venture between ENGIE and EDP Renewables, exclusive development rights for the country’s inaugural offshore wind tender. This milestone grants Ocean Winds a feasibility license for a 150 km2 area … Read the full press release
(IN BRIEF) Schneider Electric, a leader in energy management and automation, has forged a three-year partnership with the WageIndicator Foundation to advance its living wage approach. This collaboration aims to make living wage data accessible worldwide, with the Foundation releasing … Read the full press release
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