(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
(IN BRIEF) Neste, a global leader in sustainable aviation fuel and renewable diesel production, has initiated a collaboration with the Exponential Roadmap Initiative (ERI) to align its climate efforts with the UN Climate Change High-Level Champion’s Race to Zero. This … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged Climate Action, Exponential Roadmap Initiative, Johan Falk, Neste, Päivi Makkonen, partnership, sustainability
(IN BRIEF) Wood, a prominent consulting and engineering firm, has secured a new 23-month contract from TotalEnergies (TEPUK) to support flare gas recovery in the North Sea as part of the Elgin-Franklin Flare Gas Recovery System Project. The contract, following … Read the full press release
(IN BRIEF) Barclays has extended its partnership with British Gas to offer residential mortgage customers a discounted British Gas Home Health Check for £50, including an Energy Performance Certificate (EPC) at no extra cost. Aimed at addressing homeowners’ confusion about … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, United Kingdom
Tagged Barclays, British Gas, Dan Rosenfield, Discounted Home Health Check, Mortgage Customers, Nick Stace, partnership, sustainability
(IN BRIEF) The Fraunhofer-Gesellschaft initiates a groundbreaking project in Münster, Germany, by commissioning a research factory for battery cells, set to bolster the region’s electromobility sector. Partnering with Siemens AG, the project aims to revolutionize battery production, positioning “Made in … Read the full press release
(IN BRIEF) Iberdrola Deutschland and Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, have entered a 15-year power purchase agreement (PPA) to drive low-CO2 steel production and support industry decarbonization. Commencing in 2025, Iberdrola will supply over 900 GWh of … Read the full press release
(IN BRIEF) Uniper, a prominent energy company, has released its eighth Sustainability Report and its inaugural Climate Transition Plan, signifying a pivotal shift towards sustainability. The Climate Transition Plan outlines Uniper’s trajectory towards achieving carbon neutrality by 2040, ten years … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Management, News
Tagged Human Rights Commitment, sustainability, Uniper
(IN BRIEF) Rheinmetall, in collaboration with the municipality of Nörvenich and Westenergie AG, has initiated a pilot project to trial curb chargers on public roads in Nörvenich. This project aims to integrate Rheinmetall’s curb chargers into the municipality’s infrastructure, providing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Christoph MÜLLER, Dr. Stefan Küppers, Dr. Timo Czech, Innovative Curb Charger Pilot Project, Nörvenich, partnership, Rheinmetall, sustainability, Westenergie AG
(IN BRIEF) FUCHS SE has begun the financial year 2024 with positive results, despite a 6% decrease in sales revenues to EUR 877 million, attributed to price adjustments and negative currency effects. However, the company saw a 4% increase in … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, FUCHS SE, investment, Stefan Fuchs, sustainability
(IN BRIEF) EVBox, a global leader in electric vehicle (EV) charging solutions, has unveiled its Impact Report 2023, showcasing the company’s dedication to sustainability and responsible business practices. The report highlights EVBox’s progress throughout 2023, emphasizing its commitment to environmental, … Read the full press release
Posted in Automotive, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Transportation & Logistics
Tagged EVBox, Financial, investment, Remco Samuels, sustainability
(IN BRIEF) Vattenfall’s financial report for January-March 2024 highlights a 21% decrease in net sales, offset by a 45% increase in underlying operating profit and a 27% increase in operating profit. Profit for the period surged by 43%, indicating robust … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Sweden
Tagged Andreas Regnell, Anna Borg, Financial, investment, Kerstin Ahlfont, renewable energy, Vattenfall
(IN BRIEF) Renewable energy company Drax has selected international technology group ANDRITZ as the main contractor for the upgrade of its Cruachan pumped storage power plant in Scotland. The project entails the installation of two new generating units, including pump … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Andritz, Cruachan Pumped Storage Plant, Dominik Fust, Drax, partnership, Penny Small, Renewable Energy Capacity, sustainability, UK
(IN BRIEF) Ørsted, a global leader in renewable energy, is divesting its French onshore operations to ENGIE as part of its strategic realignment towards key European markets for onshore renewables. The share purchase agreement includes the sale of OSTWIND International … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged ENGIE, France, Kieran White, onshore renewables, partnership, sustainability, Ørsted
(IN BRIEF) Gasum Group’s financial review for the first quarter of 2024 reflects significant volume growth, particularly in the maritime and traffic segments, with sales volumes increasing by 73 percent compared to the same period in 2023. Despite a decrease … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, Gasum Group, investment, Mika Wiljanen
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