Search Results for: electricity

Enel and Ansaldo Nucleare Forge Partnership to Pave the Way for Next-Gen Nuclear Power

Posted on 9, March 2024 by

(IN BRIEF) Enel and Ansaldo Nucleare have entered into a collaboration agreement aimed at exploring and evaluating new technologies and business models for nuclear energy generation, including Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs). These innovative reactors promise … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology

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Deutsche Telekom Launches Secure Generative AI Solution for UKA Group

Posted on 8, March 2024 by

(IN BRIEF) Deutsche Telekom introduces its secure generative AI solution, Business GPT, to UKA Group, a leading renewable energy project developer, marking its debut as a Business GPT customer. Hosted on Telekom’s cloud environments in Europe, the solution ensures compliance … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology, Telecom

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Lloyds Banking Group and Low Carbon Forge Decade-Long Renewables Pact

Posted on 8, March 2024 by

(IN BRIEF) Lloyds Banking Group has entered a 10-year Power Purchase Agreement (PPA) with Low Carbon, a global renewable energy company, to procure 50 GWh of clean electricity annually from two UK solar farms. This agreement is a significant step … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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Vattenfall and Borealis Forge Renewable Energy Partnership to Drive Decarbonization

Posted on 7, March 2024 by

(IN BRIEF) Vattenfall and Borealis have entered into a groundbreaking long-term renewable hydropower purchase agreement (PPA) aimed at bolstering sustainability efforts. Starting January 2024, Vattenfall commenced supplying Borealis’ Stenungsund operations with 175 GWh per year of renewable energy sourced from … Read the full press release →

Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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Hydro Rein Partners with IOWN Energy for Large-Scale Wind Power Projects in Sweden and Norway

Posted on 6, March 2024 by

(IN BRIEF) Hydro Rein, Hydro’s renewable growth venture, has struck a deal with Swedish renewable energy developer IOWN Energy to acquire an 80 percent stake in a 2.4 GW portfolio of wind power projects in Sweden and Norway. The partnership … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden

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Syngenta Partners with Maersk for Biofuel-Powered Ocean Transport, Aiming for Reduced GHG Emissions

Posted on 5, March 2024 by

(IN BRIEF) Syngenta Crop Protection has finalized an agreement with Maersk for ocean transport using biofuel, marking a significant step towards reducing greenhouse gas (GHG) emissions from its logistics operations. Through Maersk’s ECO Delivery solution, Syngenta will utilize certified biofuels … Read the full press release →

Posted in Agriculture, Business, Denmark, Environment, Financial, Government, Industrial, Investment, Management, News, Switzerland, Technology, Transportation & Logistics

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ANDRITZ Delivers Milestone Pulp Mill to UPM, Spearheading Global Expansion

Posted on 5, March 2024 by

(IN BRIEF) International technology group ANDRITZ has successfully delivered the UPM Paso de los Toros pulp mill in Uruguay to forest industry giant UPM, marking UPM’s largest investment to date. The mill, equipped with cutting-edge technology from ANDRITZ, boasts a … Read the full press release →

Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

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Siemens Launches EcoTech Label, Redefining Transparency in Product Sustainability

Posted on 5, March 2024 by

(IN BRIEF) Siemens introduces its sustainability product label approach, Siemens EcoTech, aiming to set a new standard for transparency in the industry. With Siemens EcoTech, customers gain comprehensive insight into product performance across various environmental criteria, facilitating informed decisions to … Read the full press release →

Posted in Business, Environment, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology

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Innovation Fuels Telefónica’s 8.6% Energy Consumption Reduction

Posted on 5, March 2024 by

(IN BRIEF) Telefónica, a leading telecommunications company, has significantly improved its energy efficiency through technological innovations despite a surge in data traffic. Since 2015, Telefónica reduced its energy consumption by 8.6% while traffic multiplied by 8.6 times. The company’s Autonomous … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Spain, Technology, Telecom

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TotalEnergies Partners with Bapco Energies to Optimize Bahrain’s Petroleum Operations

Posted on 5, March 2024 by

(IN BRIEF) Patrick Pouyanné, Chairman and CEO of TotalEnergies, met with His Highness Shaikh Nasser bin Hamad Al Khalifa and Mark Thomas of Bapco Energies in Bahrain, laying the groundwork for collaboration. TotalEnergies will support Bapco Energies in optimizing its … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News

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Enel Grids’ Renewable Connections Soar, Adding 7.9 GW in 2023

Posted on 5, March 2024 by

(IN BRIEF) Enel Grids, Enel Group’s electricity distribution arm, achieved a record-breaking milestone in 2023 by connecting nearly 540,000 new producer-prosumer connections globally, adding 7.9 GW of renewable capacity to its grids. Italy leads with 1.5 million connections, while Spain … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Italy, Spain

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WindEurope and Azerbaijan Renewable Energy Agency Join Forces to Boost Wind Energy in Caspian Region

Posted on 4, March 2024 by

(IN BRIEF) WindEurope and the Azerbaijan Renewable Energy Agency have signed a Memorandum of Understanding (MoU) to accelerate the deployment of onshore and offshore wind energy in Azerbaijan and the broader Caspian Sea area. This collaboration aims to leverage Azerbaijan’s … Read the full press release →

Posted in Belgium, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Borealis Marks 30 Years of Innovation: Accelerating Industry Transformation and Sustainability

Posted on 4, March 2024 by

(IN BRIEF) In March 2024, Borealis commemorates its three-decade journey as a pioneer and innovator in the polymers industry, celebrating its contributions to industry advancement and sustainability. Born from a merger between Statoil and Neste, Borealis has evolved into a … Read the full press release →

Posted in Austria, Business, Chemicals, Environment, Industrial, Management, Media, News, Technology

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Baden-Württemberg Prepares for Largest Solar Park: Groundbreaking Ceremony Commences

Posted on 4, March 2024 by

(IN BRIEF) In Langenenslingen, Baden-Württemberg, a groundbreaking ceremony marked the initiation of construction for the region’s largest solar park, set to produce 80 megawatts (MW) of sustainable energy. EnBW, the project’s developer, aims to power approximately 30,000 households with the … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News

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Henkel’s Sustainability Report 2023 Highlights Strong Environmental and Social Progress

Posted on 4, March 2024 by

(IN BRIEF) Henkel’s recently published sustainability report for 2023 underscores the company’s significant strides in advancing its global sustainability strategy. Notable achievements include a 61 percent reduction in CO2 emissions per metric ton of product since 2010 and an increase … Read the full press release →

Posted in Business, Chemicals, Environment, Germany, Industrial, Management, News

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RWE’s Werne Plants Awarded Contract for 820 Megawatt Reserve Capacity

Posted on 2, March 2024 by

(IN BRIEF) RWE Generation’s natural gas combined cycle units F and G, along with the K1 gas turbine at the Gersteinwerk site in Werne, have secured a contract to provide 820 megawatts of reserve power in the period from October … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News

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EBRD and Eiffel Investment Group Collaborate to Boost Solar Energy in Poland with €45 Million Joint Loan

Posted on 2, March 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are teaming up to advance solar energy development in Poland through a €45 million joint loan to PL-SUN Sp.z.o.o. This funding will support the construction of … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom

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Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

Posted on 1, March 2024 by

(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release →

Posted in Austria, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Technology

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KPN’s Integrated Annual Report 2023: Advancing Connected Growth and Sustainability

Posted on 29, February 2024 by

(IN BRIEF) KPN unveils its Integrated Annual Report 2023 titled “Connected Growth,” highlighting a year of significant achievements and strategic advancements. The report emphasizes KPN’s commitment to expanding digital connectivity across the Netherlands, with notable growth in all segments and … Read the full press release →

Posted in Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology, Telecom

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Leading the Charge: Nordic Leaders Fortum and Hydrovolt Team Up to Revolutionize Battery Recycling

Posted on 29, February 2024 by

(IN BRIEF) Fortum Battery Recycling and Hydrovolt, two prominent players in sustainable battery recycling, have formed a strategic alliance to drive the Nordic battery industry forward. Hydrovolt will supply black mass generated from EV battery recycling to Fortum’s plant in … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Norway, Technology

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Uniper Achieves Exceptional Financial Success in 2023, Anticipates Lower Earnings in 2024

Posted on 29, February 2024 by

(IN BRIEF) Uniper reports outstanding financial results for the 2023 fiscal year, with adjusted EBIT reaching €6,367 million, a significant improvement from the previous year. The company’s strategic hedging transactions and operational enhancements contributed to this success, particularly in its … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News

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Sustainable Support: Repsol Powers Spanish Antarctic Campaign with 100% Renewable Energy

Posted on 28, February 2024 by

(IN BRIEF) Repsol, a leading energy company, is supplying 100% renewable fuels to power the Gabriel de Castilla Base during the Spanish Army’s 37th Antarctic Campaign. This initiative supports sustainability efforts in one of the most environmentally sensitive regions on … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Science, Spain

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Naturgy Demonstrates Resilience with 20% Increase in Net Profit for 2023

Posted on 27, February 2024 by

(IN BRIEF) Naturgy, a prominent energy group, announced strong financial results for 2023 despite challenging market conditions. Their EBITDA increased by 11%, reaching 5,475 million euros, with a 20% rise in net profit to 1,986 million euros. The company heavily … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, Spain

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Vattenfall Advances Plans for Negative Emissions Facility in Jordbro, Stockholm

Posted on 27, February 2024 by

(IN BRIEF) Vattenfall is progressing with its initiative to establish a facility in Jordbro, Stockholm, capable of capturing up to 150,000 tonnes of carbon dioxide annually from a biomass-fueled heat plant. This endeavor represents a crucial step towards achieving negative … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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EIB Provides €81 Million Loan for Nuremberg School’s Green Transition

Posted on 27, February 2024 by

(IN BRIEF) The Martin-Behaim-Gymnasium grammar school in Nuremberg is set to transition into a new, eco-friendly building thanks to an €81 million loan from the European Investment Bank (EIB). This state-of-the-art facility, constructed with wood and equipped with solar panels, … Read the full press release →

Posted in Banks, Business, Construction, Education, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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Arkema Advances Climate Plan with Long-Term Renewable Energy Agreements

Posted on 27, February 2024 by

(IN BRIEF) Arkema has taken significant steps towards its climate plan goals by signing long-term renewable energy agreements for multiple sites across the United States. These agreements, with energy providers like Tennessee Valley Authority (TVA), Entergy, and 3Degrees, are expected … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Plenitude’s New Ravenna Ponticelle Photovoltaic Plant Energizes Industrial Regeneration

Posted on 26, February 2024 by

(IN BRIEF) Plenitude, Eni’s Benefit Corporation focusing on renewable energy production and energy solutions, announces the operational status of the Ravenna Ponticelle photovoltaic plant, boasting a 6 MW installed capacity. Situated on 11 hectares of industrial land, the plant features … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology

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ABB Releases Integrated Report Showcasing Record-Breaking Year and Sustainability Progress

Posted on 23, February 2024 by

(IN BRIEF) ABB has released its Integrated Report, along with its Annual Reporting Suite for 2023, detailing the company’s strategy, business performance, governance, and sustainability achievements. The report highlights ABB’s record-breaking year in 2023, emphasizing its role as a technology … Read the full press release →

Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Switzerland, Technology

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The Baltic Drive Towards Energy Autonomy Amid Geopolitical Shifts

Posted on 23, February 2024 by

(IN BRIEF) Amidst geopolitical tensions triggered by Russia’s actions in Ukraine, the Baltic States are accelerating their journey towards energy independence and sustainability. Historically reliant on Russian energy flows, the Baltics are now fast-tracking efforts to diversify their energy sources, … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Ørsted Expands Footprint in Korea with Incheon Offshore Wind Project Agreement

Posted on 22, February 2024 by

(IN BRIEF) Ørsted, a global renewable energy leader, has partnered with Incheon Metropolitan City, Korea, to develop an offshore wind power industry in the region. The collaboration aims to establish a local wind power sector centered around Ørsted’s 1.6 GW … Read the full press release →

Posted in Denmark, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities

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TotalEnergies and ACO Renew Partnership to Drive Energy Transition in Endurance Racing

Posted on 22, February 2024 by

(IN BRIEF) TotalEnergies, the Automobile Club de l’Ouest (ACO), and Le Mans Endurance Management (LMEM) have extended their partnership for five years, until 2028, aiming to support ACO’s energy transition goals. Committed to achieving net zero emissions by 2030 under … Read the full press release →

Posted in Automotive, Business, Energy, Gas & Oil, Environment, France, Industrial, Management, Media, News, Sports

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Covestro and RWE Forge Long-Term Pact for Green Energy Supply

Posted on 21, February 2024 by

(IN BRIEF) Covestro and RWE have inked a substantial long-term power purchase agreement (PPA) aimed at bolstering Covestro’s Antwerp production site in Belgium with renewable energy from offshore wind turbines in the North Sea. This collaboration, spanning from 2026 to … Read the full press release →

Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News

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E.ON Unveils Strategic Brand Realignment to Champion Sustainable Energy Future

Posted on 20, February 2024 by

(IN BRIEF) E.ON, a prominent energy company, is undergoing a strategic brand realignment to reflect its active role in driving the energy transition towards sustainability. The new brand positioning emphasizes E.ON’s commitment to shaping Europe’s sustainable energy future and taking … Read the full press release →

Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Management, Marketing, Technology

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EIB Global Supports Vlašić Wind Farm with €36 Million Loan as Part of Green Transition in Bosnia and Herzegovina

Posted on 20, February 2024 by

(IN BRIEF) The European Investment Bank (EIB) Global has pledged €36 million for the construction of the Vlašić wind farm in Bosnia and Herzegovina, supplementing the €21 million EU grant. Expected to generate 115 GWh/year of electricity and displace 140,000 … Read the full press release →

Posted in Banks, Bosnia and Herzegovina, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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INEOS Inovyn Partners with PerPetum Energy & Green4Power to Build Belgium’s Largest Solar Farm

Posted on 20, February 2024 by

(IN BRIEF) INEOS Inovyn, in collaboration with PerPetum Energy and Green4Power, is constructing one of Belgium’s largest solar farms at its Jemeppe site, with a capacity of 60MW. Scheduled to be operational by July 2024, the solar farm will exclusively … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom

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RWE Inks Major Power Purchase Agreements with German Industrial Giants

Posted on 20, February 2024 by

(IN BRIEF) RWE Supply & Trading has finalized Power Purchase Agreements (PPAs) with seven prominent German industrial customers, securing the supply of approximately 1,000 gigawatt hours per year of green electricity from its Kaskasi offshore wind farm starting in 2026. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News

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Koelnmesse Accelerates Climate Neutrality Goal with Innovative Energy Partnership

Posted on 20, February 2024 by

(IN BRIEF) Koelnmesse, one of the world’s largest city-centre trade fair sites, is advancing its sustainability agenda by committing to achieve climate neutrality by 2030, five years ahead of schedule. Through a groundbreaking energy partnership with E.ON and RheinEnergie, Koelnmesse … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology

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PNE Group Surpasses 100 Project Milestone, Facilitating Growth in Renewable Energy Sector

Posted on 19, February 2024 by

(IN BRIEF) PNE Group proudly announces a significant achievement in its mission to drive renewable energy adoption: surpassing the milestone of supporting over 100 wind and photovoltaic project companies through its pioneering consulting programme, “Power Purchase Agreements (PPA) as a … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities

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EIB Injects €143 Million to Bolster Greek Research & Innovation; 2023 Annual Results Showcase Record Investment in Greece

Posted on 17, February 2024 by

(IN BRIEF) The European Investment Bank (EIB) has pledged a substantial €143 million loan to boost the Hellenic Foundation for Research and Innovation (HFRI), fortifying research and development (R&D) initiatives across Greece’s public higher education institutions and research centers. This … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Greece, Industrial, Investment, Luxembourg, Management, News, Science, Small Business, Technology

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TenneT Advances Plans for New High-Voltage Connections Across Netherlands

Posted on 16, February 2024 by

(IN BRIEF) TenneT, the Dutch transmission system operator, is moving forward with plans to extend the national 380 kV grid, with a focus on three key connections: Vierverlaten-Ens, Ens-Diemen, and Geertruidenberg-Krimpen aan den IJssel or Crayestein. The Ministry of Economic … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News

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