(IN BRIEF) Altor Fund III has announced the sale of Carnegie Investment Bank, a top Nordic investment bank and asset manager, to DNB Bank ASA. Altor acquired Carnegie in 2009 and has since helped the firm grow into a market … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Norway, Sweden
Tagged acquisition, Altor, Carnegie Investment Bank, DNB, investment, Norway, partnership, Tony Elofsson
(IN BRIEF) The European Investment Fund (EIF) has committed €100 million to the Prime Green Energy Infrastructure Fund II (PGEIF II), managed by Prime Capital AG, to support renewable energy projects in Scandinavia. This brings the fund’s total size to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Norway, Sweden
Tagged Andreas Kalusche, Dr. Mathias Bimberg, EIF, ENERGY, Finland, Marjut Falkstedt, Norway, partnership, Prime Capital AG, Prime Green Energy Infrastructure Fund II (PGEIF II), Scandinavia, sustainability, Sweden
(IN BRIEF) Telenor’s Nordic Digital Security 2024 report emphasizes the urgency for greater collaboration and readiness across the Nordic region as the EU’s NIS2 Directive takes effect. The directive aims to enhance cybersecurity by enforcing stricter security requirements and mandatory … Read the full press release
(IN BRIEF) Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro’s Norwegian aluminium plants from 2025 to 2032. This agreement supports Hydro’s efforts to produce … Read the full press release
(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged INNOVATION, Integrated Wind Solutions, Marius Magelie, net zero, NIB, Norway, Offshore wind, partnership, sustainability
(IN BRIEF) Hydro has renewed its partnership with Dutch yacht builder Vaan Yachts BV to advance sustainability in the yachting industry. Building on five years of collaboration, the two companies have signed a letter of intent to develop sheet materials … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, Netherlands, News, Norway, Technology, Transportation & Logistics
Tagged Hanne Karine Simensen, Hydro, Igor Kluin, Netherlands, partnership, sustainability, Thomas Hartmut Ludwig, Vaan Yachts BV, yachting
(IN BRIEF) Hydro is intensifying its commitment to recycling post-consumer scrap (PCS) to achieve zero-carbon aluminium. Since launching its recycling growth agenda in 2020, the company has recycled over 1.4 million tonnes of PCS, positioning itself as a leader in … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway
Tagged aluminium recycling, Eivind Kallevik, Hydro, post-consumer scrap (PCS), sustainability
(IN BRIEF) Wienerberger has announced its expansion into the Nordic market with the acquisition of Finnish company Slatek OY and Norwegian firm Tekken AS. This move aims to enhance its portfolio in smart water management and infrastructure solutions, adding approximately … Read the full press release
Posted in Austria, Business, Construction, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged acquisitions, Finland, Heimo Scheuch, Norway, partnership, Slatek OY, sustainability, Tekken AS, Water Solutions, Wienerberger
(IN BRIEF) DNV has collaborated with Atlas Renewable Energy to secure $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The funding, obtained through senior loans and credit lines from BNP Paribas and … Read the full press release
(IN BRIEF) Equinor provided updates on 13 key development projects in Norway, which together represent a total investment of 198 billion kroner. The projects, aimed at ensuring a secure energy supply to Europe, include the Johan Castberg and Oseberg gas … Read the full press release
(IN BRIEF) Yara International has officially opened its new ammonia import terminal in Brunsbüttel, Germany, strategically located along the North Sea and Kiel Canal. This facility is set to import up to three million tonnes of low-emission ammonia annually, making … Read the full press release
(IN BRIEF) DNV is collaborating with a consortium of industry partners to tackle the environmental impact of sulphur hexafluoride (SF6) within the UK’s electricity transmission network. This project aims to significantly reduce SF6 emissions and promote the transition to alternatives, … Read the full press release
(IN BRIEF) TÜV Rheinland has acquired Safetec Nordic AS, a leading risk management consultancy based in Norway, with operations across Norway, Sweden, and the UK. This acquisition will strengthen TÜV Rheinland’s risk, safety, and integrity management services in Europe, creating … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Sweden, Technology, United Kingdom
Tagged acquisition, Gareth Book, Norway, partnership, Risk Consultancy, Safetec Nordic AS, safety, Stein Eggan, Sweden, TÜV Rheinland, UK
(IN BRIEF) SSAB and Smith Stål have entered into a collaboration to bring fossil-free steel to the Norwegian market. Smith Stål, one of Norway’s leading steel distributors, will begin offering SSAB’s eco-friendly steel, including SSAB Zero™ and SSAB Fossil-free™ steel. … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden, Technology
Tagged Eirik Berg, fossil-free steel, Matts Nilsson, Norway, partnership, Smith Stål, SSAB, SSAB Fossil-free™, SSAB Zero, sustainability
(IN BRIEF) The Northern Lights CCS facility in Norway is now operational, becoming the world’s first cross-border CO2 transport and storage project. A joint venture between Equinor, Shell, and TotalEnergies, it is part of Norway’s Longship initiative and aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Anders Opedal, carbon capture and storage (CCS), Equinor, Northern Lights Facility, Norway, partnership, Shell, sustainability, TotalEnergies
(IN BRIEF) Hydro and Mercedes-Benz have launched the “Corridor” program at Climate Week 2024 in New York, aimed at fostering sustainable development in the Brazilian Amazon. This long-term initiative will promote positive impacts for local communities and nature through partnerships … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Media, Metals and Minerals, News, Norway, Technology
Tagged Amazon Sustainability, Eivind Kallevik, Gunnar Güthenke, Hydro, Mercedes-Benz, partnership, sustainability
(IN BRIEF) DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail technology, marking it as the first rotor sail certified for use in hazardous zones in South Korea. The certification confirms that the rotor … Read the full press release
Posted in Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology, Transportation & Logistics
Tagged Awards, DNV, Hanwha Ocean, Hazardous Zone Installation, Rotor Sail Technology, safety, South Korea, sustainability, Type Approval Design Certification (TADC), Vidar Dolonen, Young-Chang Son
(IN BRIEF) Strøm Gundersen Vestfold, part of AF Gruppen, has secured a contract with Boligbyggelaget USBL AS to construct the Møllers Gate apartment building in Sandefjord. The project, valued at NOK 122 million (excluding VAT), involves the design, demolition, and … Read the full press release
(IN BRIEF) Ørsted has entered into an agreement with Equinor to supply 330,000 tonnes of carbon dioxide removal (CDR) credits over ten years, as part of Ørsted’s Kalundborg CO2 Hub project. This project, starting in 2026, will capture 430,000 tonnes … Read the full press release
(IN BRIEF) Å Energi has partnered with the Nordic Investment Bank (NIB) to secure a NOK 1 billion loan aimed at upgrading and expanding the electricity grid in Southern Norway’s Agder and Buskerud counties. The 10-year loan will finance 22 … Read the full press release
(IN BRIEF) The MaksGrid project, led by DNV and supported by the Pilot-E scheme, aims to increase Norway’s power grid utilization by 25% through innovative solutions like dynamic transmission limits and coordinated system control. The initiative, funded with NOK 26 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged and The Norwegian Smartgrid Centre, DNV, MaksGrid Project, Norway, partnership, power grid, SINTEF Energy, Statnett, sustainability
(IN BRIEF) ISO has launched its first Innovation Management System standard, ISO 56001, to help companies enhance their innovation capabilities, manage risks, and increase their chances of success. The standard provides a structured framework for companies to develop and demonstrate … Read the full press release
(IN BRIEF) DNV and Brinav have signed a memorandum of understanding (MOU) to accelerate the development and approval of autonomous and remote-controlled shipping technologies. This collaboration aims to improve maritime safety and efficiency by advancing Maritime Autonomous Surface Ships (MASS). … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Brinav, CHINA, DNV, Jarle Coll Blomhoff, Jiang HaiYing, partnership, Shipping Technology, sustainability
(IN BRIEF) Boliden has announced a delay in its Odda zinc smelter expansion project, pushing the ramp-up of production from 200 to 350 ktonnes to the end of Q1 2025 due to construction delays at the roasting facility. This setback … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged Boliden, Håkan Gabrielsson, Mikael Staffas, Norway, Odda Zinc Smelter, partnership, sustainability
(IN BRIEF) WACKER has successfully tested a CO2 capture process at its Holla, Norway, site, achieving a 95% capture rate of emissions from silicon production. Using technology from SLB-ACC JV, the pilot marks a major step toward climate-neutral silicon manufacturing. … Read the full press release
(IN BRIEF) Equinor has partially electrified its Troll B and C platforms, cutting annual CO2 emissions by 250,000 tonnes as part of the Troll West Electrification (TWEL) project. This move is in line with the company’s goal to halve emissions … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged CO2 emissions, Equinor, sustainabilty, Troll B and C Platforms
(IN BRIEF) Hydro has opened a new aluminium recycling plant in Székesfehérvár, Hungary, with a capacity of 90,000 tonnes, primarily serving the automotive sector. The facility processes post-consumer scrap and production waste, supporting the demand for low-carbon, recycled aluminium. This … Read the full press release
(IN BRIEF) DNV has launched a new service in partnership with Jupiter Intelligence to help solar photovoltaic (PV) developers assess the growing hail risk caused by climate change. The service provides data on hailstorm probability and size for specific locations … Read the full press release
(IN BRIEF) At the SMM Trade Fair, DNV highlighted key advancements in ship autonomy. Ocean Infinity received a Statement of Compliance for its remotely supported vessel operations, becoming the first fleet to meet new technological standards. Avikus began testing its … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, Media, News, Norway, Technology, Transportation & Logistics
Tagged DNV, ship autonomy, SMM 2024
(IN BRIEF) DNV has introduced SolarFarmer, a cutting-edge software designed to revolutionize solar project evaluations in the U.S. By completing six major due diligence projects totaling 1,195 MW, SolarFarmer has proven its ability to handle the expected surge in solar … Read the full press release
(IN BRIEF) Hudong Zhonghua Shipbuilding Co., Ltd. was awarded three Approval in Principle (AiP) certificates and one General Approval for Ship Application (GASA) certificate by DNV at the SMM trade fair in Hamburg. These awards recognize Hudong Zhonghua’s innovative designs … Read the full press release
Posted in Awards, Business, Financial, Government, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Awards, DNV, Energy Vessel Designs, Hudong Zhonghua, Norbert Kray, SMM, Song Wei
(IN BRIEF) Huangpu Wenchong Shipbuilding Company (HPWS) received approval in principle (AiP) certificates from DNV at the SMM trade fair for three innovative ship designs focused on sustainability. The designs include an ammonia-fueled midsize gas carrier, an ammonia-fueled container ship, … Read the full press release
(IN BRIEF) ORLEN Group has started oil production at the Tyrving field on the Norwegian Continental Shelf, which has an estimated 25 million barrels of recoverable reserves. This new production site, added to ORLEN’s portfolio of 20 active fields in … Read the full press release
(IN BRIEF) DNV’s latest “Maritime Forecast to 2050” report emphasizes the critical role of technological advancements, particularly in energy efficiency and digitalization, in achieving the International Maritime Organization’s (IMO) 2030 decarbonization goals. As carbon-neutral fuels remain scarce, the report stresses … Read the full press release
(IN BRIEF) AF Gruppen has secured a Letter of Intent (LOI) from Allseas for the onshore disposal of a 12,000 metric tonne topside structure, with an option for a second topside, potentially totaling up to 30,000 metric tonnes. The project … Read the full press release
(IN BRIEF) Bergen Engines has been contracted to supply a hybrid propulsion engine for Havbryn AS’s new stern trawler, highlighting advancements in maritime sustainability. The vessel, set for delivery in 2026, will feature state-of-the-art technology to reduce fuel consumption and … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Bergen Engines, Havbryn AS, Hybrid Stern Trawler, maritime, partnership, sustainablity
(IN BRIEF) Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market, named Euronext Nord Pool Power Futures. The market will be hosted on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. … Read the full press release
Posted in Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Iceland, Industrial, Infrastructure & Utilities, International Trade, Investment, Italy, Management, Netherlands, News, Norway, Portugal
Tagged Baltic Camille Beudin, Euronext, Nord Pool, Nordic, partnership, Power Market, sustainability, Tom Darell
(IN BRIEF) A DNV survey reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The survey also highlights a growing divide between “Digital Leaders,” who are excelling in digitalization … Read the full press release
(IN BRIEF) Wood is advancing three major carbon capture and storage (CCS) projects on the Norwegian Continental Shelf, capable of storing up to 21 million tonnes of CO2 annually—nearly half of Norway’s 2023 CO2 emissions. The company has completed essential … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, United Kingdom
Tagged Azad Hessamodini, carbon capture and storage (CCS) project, Continental Shelf, Havstjernet, Luna, Norway, sustainability, Trudvang, Wood
(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release
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