Search Results for: electricity

Empa Researcher Awarded Entrepreneur Fellowship to Harness Industrial Waste Heat with Innovative Technology

Posted on 16, February 2024 by

(IN BRIEF) Empa researcher Andyn Omanovic, in collaboration with etavalve GmbH, a spin-off of Empa and ETH Zurich, is poised to revolutionize the utilization of industrial waste heat. Omanovic’s innovative piston machine, equipped with an electro-hydraulically actuated valve control system, … Read the full press release →

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

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Schneider Electric Achieves Record Sustainability Impact Score in 2023

Posted on 15, February 2024 by

(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has announced its exceptional sustainability performance for 2023 alongside its annual financial results. Surpassing expectations, the Schneider Sustainability Impact (SSI) score reached 6.13 out of 10, exceeding the … Read the full press release →

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

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Outokumpu and V-ZUG Pioneer Green Stainless Steel for Sustainable Appliances

Posted on 15, February 2024 by

(IN BRIEF) Outokumpu, a leader in sustainable stainless steel, joins forces with V-ZUG, a Swiss premium home appliance manufacturer, to introduce the world’s first towards-zero stainless steel. Utilizing Outokumpu Circle Green®, boasting up to a remarkable 93% reduction in carbon … Read the full press release →

Posted in Business, Electronics & Machinery, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Switzerland, Technology

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European Power Grid’s Future: ENTSO-E Unveils Strategic Roadmap for Carbon Neutrality

Posted on 15, February 2024 by

(IN BRIEF) ENTSO-E, the European Network of Transmission System Operators for Electricity, has unveiled a new Strategic Roadmap aimed at preparing the European power system for carbon neutrality. The roadmap focuses on integrating carbon-neutral energy sources, deploying flexibility resources, and … Read the full press release →

Posted in Belgium, Energy, Gas & Oil, Environment, European Union, Industrial, Infrastructure & Utilities, Technology

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EBRD Invests €90 Million in Eko-Okna to Boost Polish Manufacturing Sector

Posted on 15, February 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering the growth of Poland’s manufacturing sector by providing a €90 million loan to Eko-Okna, a prominent producer of energy-efficient windows and doors in Poland. This investment will fund … Read the full press release →

Posted in Banks, Business, Construction, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Poland, United Kingdom

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Pike Solar Project by JUWI Marks Major Leap in Colorado’s Renewable Energy Landscape

Posted on 13, February 2024 by

(IN BRIEF) JUWI, a subsidiary of MVV, has completed the construction of the Pike Solar project in Colorado, the largest PV project in its history, generating 223.6 megawatts. The solar park will supply energy to Colorado Springs Utilities under a … Read the full press release →

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

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Vodafone, Samsung, and AMD Successfully Demo End-to-End Data Call on Open RAN Platform

Posted on 13, February 2024 by

(IN BRIEF) Vodafone, alongside Samsung and AMD, successfully demonstrated an end-to-end data call using AMD’s new general-purpose processor on an Open RAN platform. This achievement highlights Vodafone’s commitment to expanding the Open RAN ecosystem and fostering innovation. The collaboration showcases … Read the full press release →

Posted in Business, Industrial, Infrastructure & Utilities, Technology, Telecom, United Kingdom

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Fortum Receives A- Rating for Climate Efforts in 2023 CDP Report

Posted on 13, February 2024 by

(IN BRIEF) Fortum achieved an A- rating for its climate efforts in the 2023 Carbon Disclosure Project (CDP) report, showing significant improvement from its previous B rating. The company’s enhanced score reflects advancements in risk disclosure, value chain engagement, and … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News

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Lightsource bp Receives Investment Award at UK-Greek Business Awards

Posted on 13, February 2024 by

(IN BRIEF) Lightsource bp, a leading solar energy developer, has been honored with the Investment Award at the inaugural UK-Greek Business Awards, organized by the British Embassy Athens and the British Hellenic Chamber of Commerce. This recognition highlights the company’s … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Environment, Government, Greece, Industrial, Management, Media, News, United Kingdom

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EU-Funded Reconstruction Provides Housing for Displaced Ukrainians

Posted on 12, February 2024 by

(IN BRIEF) Under the “EU Support for Urgent Housing Needs for Internally Displaced Persons in Ukraine” initiative, a former boarding school dormitory in Kivertsi has been efficiently reconstructed to offer housing for displaced Ukrainians. With funding from the EU and … Read the full press release →

Posted in Banks, Business, Construction, Environment, European Union, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Ukraine

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Iberdrola Spearheads Global Initiatives for Women in Energy Sector

Posted on 12, February 2024 by

(IN BRIEF) Despite comprising nearly half of the global workforce, women represent only 22% of the energy sector, with 32% involvement in renewables. Iberdrola, acknowledging this gender disparity, leads various programs across Spain, the UK, the US, Mexico, Brazil, and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Government, Industrial, Management, News, Society, Spain, United Kingdom

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INEOS Inovyn Unveils Ultra Low Carbon Chlor-Alkali Range, Revolutionizing Industrial Sustainability

Posted on 12, February 2024 by

(IN BRIEF) INEOS Inovyn introduces a groundbreaking Ultra Low Carbon (ULC) range of Chlor-Alkali products, slashing the carbon footprint of caustic soda, caustic potash, and chlorine by up to 70% compared to industry norms. Leveraging renewable energy sources such as … Read the full press release →

Posted in Business, Chemicals, Environment, Industrial, Management, News, United Kingdom

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Swedfund Boosts Financial Inclusion in Côte D’Ivoire with $5 Million Investment in Bridge Bank Microfinance

Posted on 12, February 2024 by

(IN BRIEF) Swedfund has announced a significant investment of USD 5 million in Teyliom Finance’s subsidiary, Bridge Bank Microfinance, as part of its mission to enhance financial empowerment for micro, small, and medium-sized enterprises (MSMEs) in Côte D’Ivoire. This investment, … Read the full press release →

Posted in Banks, Business, Financial, Government, Industrial, Investment, Management, News, Small Business, Sweden

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Maersk’s Greenhouse Gas Emissions Targets Validated as Industry First by SBTi

Posted on 10, February 2024 by

(IN BRIEF) A.P. Moller – Maersk’s ambitious greenhouse gas emissions targets have received validation from the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway of the Paris Agreement, a milestone marking an industry first under SBTi’s … Read the full press release →

Posted in Business, Denmark, Environment, Industrial, Management, News, Transportation & Logistics

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Continental’s AIBA Facility Marks Milestone with Over a Million Test Drives

Posted on 9, February 2024 by

(IN BRIEF) Continental’s cutting-edge tire braking test facility, the Automated Indoor Braking Analyzer (AIBA), has achieved a significant milestone, completing over a million test drives since its inception in 2012. The AIBA facility, renowned for its fully automated, climate-controlled environment, … Read the full press release →

Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology

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RWE and PPC Partner to Propel Greek Energy Transition with Massive Solar Projects

Posted on 9, February 2024 by

(IN BRIEF) RWE and PPC, in collaboration through their joint venture company Meton Energy S.A., are accelerating Greece’s energy transition by investing in solar projects with a collective capacity of nearly 1 gigawatt. The final investment decision has been made … Read the full press release →

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

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DHL Trials Hydrogen-Powered Trucks for Sustainable Freight Transport in Germany

Posted on 9, February 2024 by

(IN BRIEF) DHL Freight, in collaboration with Post & Parcel Germany, has initiated a one-year pilot project deploying hydrogen-powered trucks manufactured by Paul Nutzfahrzeuge GmbH at its Cologne location. These trucks, based on the Mercedes-Benz Atego, mark DHL’s commitment to … Read the full press release →

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

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EIB and Terna Seal €500 Million Deal for Tyrrhenian Link Renewable Energy Project

Posted on 9, February 2024 by

(IN BRIEF) During the EIB Forum in Luxembourg, the European Investment Bank (EIB) and Terna signed a €500 million financing contract, marking the final tranche of the €1.9 billion financing for the Tyrrhenian Link project. This submarine electricity cable, spanning … Read the full press release →

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

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Solcast’s Satellite Irradiance Data Validated as Bankable by DNV, Enhancing Solar Energy Market Confidence

Posted on 8, February 2024 by

(IN BRIEF) Solcast, a DNV Company specializing in solar irradiance historical actuals and forecasting, celebrates a significant achievement as DNV validates its satellite irradiance data as bankable. With over 600 million data values per hour generated using live satellite imagery, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Norway, Technology

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Lightsource bp Energizes First Battery Project, Accelerating Global Energy Storage Pipeline

Posted on 8, February 2024 by

(IN BRIEF) Lightsource bp has achieved a significant milestone by energizing the Tiln battery project, marking the commencement of its multi-gigawatt global energy storage pipeline. This initiative, which accompanies the Tiln solar project in Lincolnshire, UK, underscores the company’s dedication … Read the full press release →

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

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EBRD and UniCredit Bulbank Partner to Support Tsenovo Solar Plant in Bulgaria

Posted on 8, February 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is set to guarantee up to €25 million for a loan extended by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria, marking the first greenfield renewable project financed under … Read the full press release →

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

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EIB and Kutxabank Partner to Boost Green Investment in Spain with €300 Million Agreement

Posted on 8, February 2024 by

(IN BRIEF) The European Investment Bank (EIB) and Kutxabank have inked a landmark covered bond purchase agreement totaling €300 million, facilitating Kutxabank to unlock up to €600 million for financing green projects in Spain, particularly focusing on energy-efficient construction. This … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain

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Outokumpu’s Resilience Shines Through: Solid Earnings Despite Challenging Stainless Steel Market

Posted on 8, February 2024 by

(IN BRIEF) Despite facing headwinds in the stainless steel market, Outokumpu Oyj has managed to maintain solid financial performance in 2023. The company’s adjusted EBITDA for the year amounted to EUR 517 million, although experiencing a decline compared to previous … Read the full press release →

Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News

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TotalEnergies Launches Akpo West Field Production, Boosts Nigeria’s Energy Sector

Posted on 7, February 2024 by

(IN BRIEF) TotalEnergies, along with its partners, has commenced production from the Akpo West field in Nigeria’s PML2 license area. This field, located 135 kilometers off the coast, is tied back to the existing Akpo Floating Production Storage and Offloading … Read the full press release →

Posted in Business, Energy, Gas & Oil, France, Industrial

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TotalEnergies Proposes 7.1% Dividend Increase for Fiscal Year 2023

Posted on 7, February 2024 by

(IN BRIEF) Following a Board of Directors meeting on February 6, 2024, TotalEnergies has announced its intention to propose a dividend distribution of 3.01 € per share for fiscal year 2023 at the upcoming Shareholders’ Meeting scheduled for May 24, … Read the full press release →

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

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Beiersdorf Secures Coveted Spot on CDP’s ‘Triple A List’ for Second Consecutive Year

Posted on 6, February 2024 by

(IN BRIEF) Beiersdorf has proudly earned a spot on CDP’s prestigious “Triple A List” for the second year in a row, recognizing its outstanding commitment to environmental sustainability. Among over 21,000 companies worldwide, Beiersdorf is one of only ten to … Read the full press release →

Posted in Apparel, Fashion & Beauty, Awards, Business, Energy, Gas & Oil, Environment, Germany, Management

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EIB Group Commits €359 Million to Support Slovenian Projects in 2023, Bolstering Infrastructure and Energy Sectors

Posted on 3, February 2024 by

(IN BRIEF) The European Investment Bank Group (EIB Group) has reported a successful year in 2023, allocating €359 million in new commitments to projects in Slovenia. These investments are aimed at boosting economic growth and preserving jobs in Slovenia and … Read the full press release →

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

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Nuvia, a VINCI Construction Subsidiary, Secures Major Contract for Ringhals Nuclear Plant Decommissioning in Sweden

Posted on 2, February 2024 by

(IN BRIEF) Swedish energy company Vattenfall has awarded Nuvia, a subsidiary of VINCI Construction, a significant contract to undertake the dismantling of units 1 and 2 at the Ringhals nuclear power plant in Sweden. This comprehensive project, scheduled to run … Read the full press release →

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

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RESA and EIB Sign €190 Million Loan Agreement to Advance Energy Transition

Posted on 1, February 2024 by

(IN BRIEF) RESA, an energy distribution network operator, has partnered with the European Investment Bank (EIB) to secure a €190 million loan agreement to support the first phase of its industrial plan for 2023-2026. The energy transition necessitates substantial investments … Read the full press release →

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

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EOS Investment Management Group Acquires Six Solar Greenfield Projects in Italy from Lightsource bp

Posted on 1, February 2024 by

(IN BRIEF) EOS Investment Management Group (EOS IM) and Lightsource bp have finalized the sale of six solar greenfield projects in Italy to EOS IM, adding a 294MW portfolio to their existing solar power assets in Italy. These projects, either … Read the full press release →

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

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Nordic Aviation Leaders and Vattenfall Team Up to Explore Hydrogen-Powered Airports in Sweden and Norway

Posted on 1, February 2024 by

(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release →

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

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TotalEnergies Acquires 200 Charging Sites to Spearhead Electric Mobility in Spain in Partnership with Wenea

Posted on 31, January 2024 by

(IN BRIEF) TotalEnergies and Wenea have joined forces to establish a prominent presence in the Spanish electric mobility sector by creating a network of high-power charging hubs. TotalEnergies has acquired Nordian CPO, a subsidiary of Wenea, which owns 200 charging … Read the full press release →

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

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NET Initiative: Port of Rotterdam Takes Steps to Solve Grid Congestion

Posted on 31, January 2024 by

(IN BRIEF) The Port of Rotterdam, in partnership with grid operators TenneT and Stedin, has launched the New Energy Taskforce (NET) to address grid congestion challenges in the port and surrounding areas. Roger Knubben leads NET, bringing extensive experience in … Read the full press release →

Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, Netherlands, Transportation & Logistics

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Central Asian Entrepreneurs Embrace Green Initiatives with EBRD Support

Posted on 31, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is actively supporting sustainability and green initiatives in Central Asia, empowering local entrepreneurs to transition to eco-friendly operations. One notable example is the Bel-Tam yurt camp in Kyrgyz Republic, which, … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom

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DNV’s Expertise Fuels Financing Success for MYTILINEOS S.A.’s Chilean Solar Power Projects

Posted on 30, January 2024 by

(IN BRIEF) DNV, the independent energy expert and assurance provider, has played a pivotal role in facilitating the successful closure of financing for MYTILINEOS S.A.’s portfolio of solar farm projects in Chile. The portfolio includes the Willka, Doña Antonia, Tocopilla, … Read the full press release →

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

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Ocean Winds’ Moray West Wind Farm Powers Amazon’s Renewable Energy Ambitions

Posted on 30, January 2024 by

(IN BRIEF) Amazon has expanded its commitment to renewable energy by signing a corporate power purchase agreement (CPPA) with ENGIE. This agreement increases Amazon’s share of the energy output from the Moray West offshore wind farm in Scotland to 473MW, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, United Kingdom

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TotalEnergies Publishes Third Human Rights Briefing Paper, Reaffirming Commitment to Sustainability and Transparency

Posted on 30, January 2024 by

(IN BRIEF) TotalEnergies has released the third edition of its Human Rights Briefing Paper as part of its dedication to prioritizing sustainability in its strategy. The paper outlines the company’s commitments to internationally recognized human rights and reference texts, such … Read the full press release →

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

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TenneT Transmits Record Amount of Wind Energy from North Sea, Covering Needs of 9 Million Households

Posted on 30, January 2024 by

(IN BRIEF) In 2023, TenneT, the transmission system operator, transmitted approximately 19.24 terawatt hours (TWh) of wind energy from the German North Sea to land, while in the Netherlands, it was 4.17 TWh. This energy could theoretically fulfill the annual … Read the full press release →

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

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Spanish Engineering Group Sener Joins Forces with Fildravo for Philippine Offshore Wind Ventures

Posted on 29, January 2024 by

(IN BRIEF) Spanish engineering group Sener and Philippine architecture engineering consulting firm Fildravo have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects in the Philippines. The partnership will combine Sener’s global offshore wind engineering expertise with … Read the full press release →

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

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ÖBB Rail Cargo Group (RCG) Expands TransFER Service, Forging a Direct Rail Link to Rotterdam

Posted on 29, January 2024 by

(IN BRIEF) ÖBB Rail Cargo Group (RCG) is enhancing its TransFER service by introducing a direct rail connection between Linz, Duisburg, and Rotterdam, creating efficient freight transport between Austria, Germany, and the Netherlands. Rotterdam, one of the world’s largest seaports … Read the full press release →

Posted in Austria, Industrial, Infrastructure & Utilities, Netherlands, Transportation & Logistics

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