(IN BRIEF) On May 14, 2024, EDF achieved a significant milestone by launching its inaugural green commercial paper issuance, valued at €50 million with a 6-month maturity, successfully subscribed by Ecofi. The funds from this issuance are earmarked to support … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Investment, Management, News
Tagged Commercial Paper Issuance, EDF, investments, renewable energy, sustainability
(IN BRIEF) MAHLE has successfully concluded the sale of its OEM thermostat business to ADMETOS, effective May 2, 2024. Under the new ownership, the thermostat segment will operate as BTT Solutions, with ADMETOS assuming control and responsibility for approximately 600 … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged acquisition, ADMETOS, Jumana Al-Sibai, MAHLE, OEM Thermostat Business, partnership
(IN BRIEF) Henkel, a leading partner in the automotive industry for designing and developing safer and more sustainable next-generation EV batteries, is gearing up to participate in the Battery Show Europe 2024 at Messe Stuttgart from June 18 to 20, … Read the full press release
(IN BRIEF) ABB has announced a minority investment in Ndustrial, a US-based clean technology startup renowned for its AI-powered energy management platform. This strategic move aims to empower customers with real-time energy optimization, cost reduction, and accelerated decarbonization. Ndustrial’s innovative … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Switzerland, Technology
Tagged ABB, AI-powered, Energy management, investment, John Crawford, Mads Moeller, Ndustrial, partnership, Stuart Thompson, sustainability, USA
(IN BRIEF) AF Energi og Miljø AS has finalized the acquisition of 70% of the shares in ETA Norge AS, a proficient bioenergy contractor. ETA Norge, established in 2023, specializes in delivering heating systems and providing project planning, installation, and … Read the full press release
(IN BRIEF) Equinor and Petoro have finalized a value-neutral asset swap agreement in the Haltenbanken area, aimed at optimizing ownership in key production hubs. Equinor will increase its stake in the Heidrun field and Noatun discovery while reducing ownership in … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Equinor, Haltenbanken area, Kjetil Hove, partnership, Petoro, sustainability
(IN BRIEF) Stellantis and Leapmotor have successfully completed the formation of Leapmotor International B.V., a joint venture led by Stellantis with a 51% stake, aimed at expanding the global reach of Leapmotor’s electric vehicle lineup. Spearheaded by CEO Tianshu Xin, … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Technology
Tagged Carlos Tavares, CHINA, EV Lineup, expansion, Jiangming Zhu, Leapmotor, Leapmotor C10, Leapmotor International, Leapmotor T03, partnership, Stellantis, sustainability, Tianshu Xin
(IN BRIEF) Today marks the second anniversary of REPowerEU, the European Union’s response to Russia’s energy threat following the invasion of Ukraine. REPowerEU has significantly accelerated the deployment of wind energy across Europe, increasing its share in the electricity mix … Read the full press release
(IN BRIEF) Forschungszentrum Jülich and EuroHPC Joint Undertaking, in collaboration with ParTec-Eviden, unveiled the first module of the exascale supercomputer JUPITER, named JEDI, at the International Supercomputing Conference. JEDI secured the top spot in the Green500 list for its exceptional … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged AI, Awards, Emmanuel Le Roux, Energy-Efficient Supercomputing, EuroHPC, Eviden, Forschungszentrum Jülich, Germany, Green500 list, JEDI, Jupiter, ParTec AG, partnership, sustainability
(IN BRIEF) REN, Redes Energéticas Nacionais, has revealed its Strategic Plan for 2024–2027, emphasizing its dedication to facilitating the Energy Transition while maintaining financial stability and operational excellence. The plan outlines ambitious sustainability goals, including significant reductions in emissions and … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Portugal
Tagged energy transition, Financial, investment, REN, sustainability
(IN BRIEF) Bosch Engineering and Ligier Automotive are advancing clean energy technologies in motorsport by enhancing their hydrogen-powered demonstrator vehicle. Recent intensive testing has focused on optimizing the vehicle’s engine and overall performance for endurance and robustness, achieving impressive power, … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Investment, Management, News, Sports, Technology
Tagged Bosch Engineering, Dr. Johannes-Jörg Rüger, France, Hydrogen-Powered Racing Innovation, Jacques Nicolet, Ligier Automotive, partnership, sustainability
(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
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