(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Montenegro
Tagged EBRD, Elektroprivreda Crne Gore a.d. Nikšić, energy transition, EPCG, Green Gvozd LLC, Krešimir Čondić, Milutin Đukanović, Montenegro, Nikola Rovčanin, onshore wind farm, Remon Zakaria, renewable energy
(IN BRIEF) Rheinmetall, a leading provider of automotive solutions, has introduced a plug and play heat pump designed to enhance thermal management in electric vehicles (EVs). The compact and preassembled heat pump offers efficient climate control in the passenger compartment … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Investment, Turkey
Tagged climate mitigation, EBRD, EU, European Union, green investments, low-carbon economy, maritime, Nikolaus Meyer Landrut, Sue Barrett, The Maritime Decarbonisation and Green Shipping Programme, Türkiye
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
(IN BRIEF) Rolls-Royce has announced the commencement of testing for its new small gas turbine designed for hybrid-electric flight. The engine is part of a turbogenerator system developed for the Advanced Air Mobility market, catering to applications like eVTOL aircraft … Read the full press release
Posted in Aviation & Aerospace, Electronics & Machinery, Industrial, Technology, Transportation & Logistics, United Kingdom
Tagged advanced air mobility, Commuter Aircraft, electrical vertical take-off and landing, eVTOL, eVTOL Aircraft, hybrid-electric flight, Olaf Otto, Rolls-Royce, small gas turbine, turbogenerator system, urban air mobility
(IN BRIEF) TotalEnergies is responding to the increasing demand for sustainable aviation fuel (SAF) by investing in multiple SAF production projects. By 2028, the company aims to produce half a million tons of SAF, meeting the European SAF blending mandate. … Read the full press release
(IN BRIEF) Saab’s Arexis sensor suite has been selected as the preferred solution for the German Eurofighter Electronic Warfare (EW) variant by Germany’s defence procurement office (BAAINBw). This follows Germany’s plan to equip 15 Eurofighters for EW missions. Saab’s Arexis … Read the full press release
Posted in Business, Defence, Germany, Industrial, Sweden, Technology
Tagged Anders Sjöberg, Arexis, artificial intelligence, BAAINBw, electronic warfare, German Eurofighter, Helsing, Saab, sensor
(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Norway
Tagged aluminium, Hydro, Malaysia, offshore floating solar, offshore floating solar energy, Paul Warton, renewable energy, SolarDuck, SolarDuck offshore floating solar plant, Tenaga Nasional Berhad, TNB, TNB Renewables Sdn Bhd, TNB Research Sdn Bhd
(IN BRIEF) DHL Express Finland has announced the construction of a new logistics center at Helsinki-Vantaa Airport. The facility, with an investment of approximately €100 million, will serve as the central hub for all incoming and outgoing Express shipments in … Read the full press release
(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in solar energy projects, has opened its new headquarters in Madrid, Spain. The company has experienced significant growth in just four years and has established itself as a leader in the Spanish renewable … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has shared the initial findings of a study on the sustainable reconstruction of Petrinja, Croatia, following a devastating earthquake in 2020. The study, funded by the government of Japan, aims … Read the full press release
(IN BRIEF) Lindner Group has completed a tenant fit-out and technical building infrastructure project at the Pressehaus Podium in Berlin’s Alexanderplatz district. The modern working environments cater to media professionals and offer flexible office spaces for dynamic companies. Lindner’s comprehensive … Read the full press release
Posted in Construction, Germany, Industrial, Infrastructure & Utilities, Real Estate
Tagged Alexanderplatz, Berlin, Berlin publishing house, LINCRETE GLASS FIBRE REINFORCED CONCRETE, Lindner Group, media professionals, meeting rooms, modern working environments, office spaces, Pressehaus Podium, tenant fit-out
(IN BRIEF) Holcim, a global building materials company, has announced the acquisition of Minerales y Agregados, a leading provider of advanced mortars and adhesives in Guatemala. This marks Holcim’s entry into the Guatemalan market and expands its Solutions & Products … Read the full press release
Posted in Business, Construction, Industrial, Investment, Switzerland
Tagged acquisition, adhesives, advanced mortars, agriculture, construction, dry mortars, Guatemala, holcim, insulation, Minerales y Agregados, Oliver Osswald
(IN BRIEF) Saint-Gobain, a global building materials company, has announced its plans to acquire Hume Cemboard Industries (HCBI), a leading manufacturer of cement boards in Malaysia. HCBI’s lightweight cement boards are widely used in various construction applications and offer significant … Read the full press release
(IN BRIEF) VINCI, in collaboration with VINCI Energies, VINCI Construction, and Hitachi Energy, has been awarded a contract by Electricity Interconnection France-Spain (INELFE) to construct two ground stations for an electrical interconnection project between France and Spain. The stations will … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Spain
Tagged Electrical energy, electrical interconnection, electricity grids, Electricity Interconnection France-Spain, energy exchange, France, Hitachi Energy, HVDC, INELFE, Red Eléctrica, RTE, Spain, VINCI, VINCI Construction, VINCI Energies
(IN BRIEF) Continental has unveiled a new Plug & Play solution for integrating high-performance computers (HPC) into vehicles. The modular and scalable concept allows for easy replacement and upgrades of computing modules while the vehicle is in use. The system … Read the full press release
(IN BRIEF) Vattenfall has inaugurated the South Kyle Onshore Wind Farm in southwest Scotland, its largest onshore wind farm in the UK. Once fully operational, the wind farm will have a capacity of 240MW, equivalent to powering 187,000 homes annually. … Read the full press release
(IN BRIEF) Unilever and Barry Callebaut have extended their strategic supply agreement for cocoa and chocolate. Barry Callebaut will continue delivering chocolate innovations for Unilever’s ice cream products, driving long-term growth. The partnership also focuses on supporting Unilever in achieving … Read the full press release
(IN BRIEF) TotalEnergies has signed a framework agreement with NextDecade to participate in the development of the Rio Grande LNG project in South Texas. As per the agreement, TotalEnergies will hold a 16.7% interest in the first phase of the … Read the full press release
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