(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
(IN BRIEF) Yara International ASA has announced the divestment of its fertilizer import and distribution subsidiary in Ivory Coast as part of a strategic shift to focus on high-potential markets in Africa. This move is aligned with Yara’s 2030 Africa … Read the full press release
(IN BRIEF) Synology has partnered with Gandalf Distribution AB to expand its reach across the Nordic region, including Denmark, Sweden, Norway, Finland, and Iceland. This collaboration will improve the availability and support of Synology’s advanced data management solutions, leveraging Gandalf … Read the full press release
Posted in Business, Denmark, Environment, Financial, Finland, Government, Iceland, Industrial, Investment, Latvia, Management, News, Norway, Sweden, Technology
Tagged Denmark, ELKO, Finland, Gandalf Distribution AB, Iceland, Jeremie Francois, Marcus Tillberg, Norway, partnership, sustainability, Sweden, Synology, Taiwan
(IN BRIEF) Avangrid and Statkraft have signed a new Virtual Power Purchase Agreement (VPPA) for energy from the 35 MW Casselman wind farm in Pennsylvania, marking their second such deal in nine months. This agreement strengthens the partnership between the … Read the full press release
(IN BRIEF) Gasum has partnered with Equinor to supply liquefied biomethane (bio-LNG) to Equinor’s platform supply vessel, Island Crusader, in the Port of Dusavik, Stavanger. The initiative, which began in mid-July, involves regular deliveries of bio-LNG, a renewable fuel with … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Norway, Transportation & Logistics
Tagged Bio-LNG, Equinor, Gasum, Island Crusader, Norway, partnership, Supply Vessel, sustainability
(IN BRIEF) The European Investment Fund (EIF) has made its largest investment yet in Norwegian technology startups by contributing to SINTEF’s seed fund, SINTEF Venture VI, which now manages a capital of half a billion Norwegian kroner. This fund aims … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway, Technology
Tagged Anders Lian, Cecilie Myrseth, EIF, investment, Marjut Falkstedt, Norway, partnership, SINTEF, sustainability
(IN BRIEF) JVH Eiendom has awarded Strøm Gundersen Vestfold, a subsidiary of AF Gruppen, a NOK 125 million contract (excluding VAT) to design and construct the Larvik Health Park. The project includes a four-story health center with a parking basement, … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged AF Gruppen, construction, JVH Eiendom, Larvik Health Park, Norway, partnership, Strøm Gundersen Vestfold, sustainability, Yngvar S. Brekke
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