Search Results for: electricity

Fortum Initiates Change Negotiations Amidst Efficiency Program, Anticipating Possible Job Reductions

Posted on 26, January 2024 by

(IN BRIEF) Fortum’s efficiency program, launched in November 2023, has prompted discussions regarding potential job reductions within the Fortum Consumer Solutions business unit and the IT unit. Approximately 1,080 employees across Finland, Sweden, Norway, and the IT unit in Poland … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Management, News

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EBRD Sets Investment Record of €2.1 Billion in Ukraine for 2023, Focusing on Recovery and Reconstruction

Posted on 26, January 2024 by

(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a significant increase in investments in Ukraine, deploying a record €2.1 billion, following €1.7 billion in 2022. The EBRD’s investment efforts were directed toward supporting Ukraine’s recovery … Read the full press release →

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

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EBRD Records €2.48 Billion Investment in Turkey, Focusing on Earthquake Recovery and Green Initiatives

Posted on 26, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) reported a record investment of €2.48 billion in Turkey for 2023, marking a significant increase from previous years. The EBRD’s commitment to supporting Turkey’s private sector and green transition remained … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom

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Attentive Energy Two: TotalEnergies and Corio’s Offshore Wind Project to Benefit New Jersey Communities

Posted on 25, January 2024 by

(IN BRIEF) TotalEnergies and Corio Generation have been awarded a 20-year contract by the State of New Jersey to supply 1.34 GW of renewable electricity through their Attentive Energy Two offshore wind project, benefitting over 650,000 homes. The project, a … Read the full press release →

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

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DHL Group Inks 10-Year Renewable Energy Deal with RWE Supply & Trading

Posted on 25, January 2024 by

(IN BRIEF) DHL Group has signed a significant 10-year green energy agreement with RWE Supply & Trading, starting in 2026, to purchase approximately 104 gigawatt-hours of renewable electricity annually. This move aligns with DHL Group’s commitment to decarbonization and sustainability, … Read the full press release →

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

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Thales Partners with IIT Madras for Fourth Edition of Carbon Zero Challenge

Posted on 25, January 2024 by

(IN BRIEF) Thales, a global technology company, has continued its support for the Carbon Zero Challenge (CZC) organized by the Indian Institute of Technology (IIT) Madras as part of its corporate social responsibility (CSR) efforts in India. The CZC 4.0 … Read the full press release →

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Wienerberger Invests in eFriends to Promote Solar Energy and Decentralized Energy Sharing

Posted on 24, January 2024 by

(IN BRIEF) Wienerberger, a full-range provider of photovoltaic roof solutions, is investing in eFriends, a decentralized energy-sharing platform that allows users to share self-produced solar power in real-time via a mobile app. This initiative aligns with the EU’s goal to … Read the full press release →

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

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Spanish Companies Collaborate on World’s First Hydrogen-Powered High-Speed Train Project

Posted on 24, January 2024 by

(IN BRIEF) Ten Spanish companies are joining forces for the groundbreaking Hympulso project, aiming to develop a renewable hydrogen fuel cell-based propulsion system for a high-speed train. Led by Talgo, the initiative includes partners like Golendus, Ingeteam, Repsol, Sener, and … Read the full press release →

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

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PNE Group Continues to Advance its Wind Energy Expansion in Germany

Posted on 24, January 2024 by

(IN BRIEF) PNE Group has commissioned and added two new wind farms in Schleswig-Holstein, Germany, with a combined rated output of 21.6 MW to its renewable energy portfolio. The wind farms are located in Hamwarde and near Stuvenborn and consist … Read the full press release →

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

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Sustainability Milestone: Eurogrid’s Green Bonds Support 50Hertz’s Renewable Energy Goals

Posted on 23, January 2024 by

(IN BRIEF) Eurogrid, the parent company of 50Hertz, a transmission system operator, has secured 1.5 billion euros through its third and fourth Green Bond issuances. These funds will support grid expansion projects on land and at sea to enhance the … Read the full press release →

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

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EDF Pulse Ventures Backs Spotr’s €4.5 Million Funding for Property Data Revolution

Posted on 23, January 2024 by

(IN BRIEF) Spotr, a Dutch AI-powered property data platform, has secured €4.5 million in funding from EDF Pulse Ventures and existing investors to advance its mission of creating a vast image-driven property database. This funding will help Spotr address critical … Read the full press release →

Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Netherlands, Real Estate, Technology

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EBRD Extends €29 Million Financing for Eurowatt’s Renewable Energy Expansion in Poland

Posted on 23, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million equivalent) to support the growth of renewable energy capacity in Poland. The funding will be directed towards … Read the full press release →

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

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EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

Posted on 23, January 2024 by

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release →

Posted in Banks, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Metals and Minerals, News, Sweden, Technology

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Equinor Advances UK’s Green Energy Goals with Blandford Road Battery Storage Operation

Posted on 22, January 2024 by

(IN BRIEF) Equinor has commenced operations at its Blandford Road battery storage facility in the UK, marking a significant milestone in its efforts to provide flexible power solutions and support the country’s transition to low-carbon energy. The 25 MW/50 MWh … Read the full press release →

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

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Eneco and Corre Energy Join Forces for Groundbreaking Compressed Air Energy Storage Project in Germany

Posted on 22, January 2024 by

(IN BRIEF) Eneco and Corre Energy have entered into a provisional agreement to jointly develop and invest in Corre Energy’s inaugural compressed air energy storage (CAES) project in Germany, located in Ahaus, North Rhine-Westphalia. This collaboration will allow Eneco to … Read the full press release →

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

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Plenitude Enhances Spanish Offshore Wind Portfolio with BlueFloat and Sener Collaboration

Posted on 22, January 2024 by

(IN BRIEF) Plenitude, an Italian energy company specializing in renewable energy, has joined forces with BlueFloat Energy and Sener Renewable Investments to advance offshore wind projects in Spain. This partnership strengthens their existing consortium and creates a dominant player in … Read the full press release →

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

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Iberdrola’s Chairman Advocates Energy Storage and Local Community Involvement for Renewable Expansion at Davos Forum

Posted on 20, January 2024 by

(IN BRIEF) Ignacio Galán, the Executive Chairman of Iberdrola, stressed the significance of energy storage in accelerating investments in renewables during his participation in the Davos Forum session on tripling renewables. Galán emphasized the need for investments in electricity distribution … Read the full press release →

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

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Ørsted Approves Investment in 22nd Irish Wind Farm, Boosting Renewable Energy in the Region

Posted on 18, January 2024 by

(IN BRIEF) Ørsted has given the green light for the Farranrory Onshore Wind Farm in Tipperary, marking its 22nd wind farm project in Ireland. Comprising nine wind turbines with a total capacity of 43.2 MW, the wind farm is set … Read the full press release →

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

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Record-Breaking Year for European Offshore Wind in 2023, With Positive Outlook and Investments

Posted on 18, January 2024 by

(IN BRIEF) Europe experienced a remarkable year in offshore wind energy in 2023, witnessing a record 4.2 GW of new offshore wind farms coming online, marking a 40% increase from the previous year. Investments of €30 billion were confirmed for … Read the full press release →

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

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Siemens Joins HEINEKEN in Pioneering Global Net Zero Production Initiative

Posted on 17, January 2024 by

(IN BRIEF) HEINEKEN, the world’s leading brewer, has partnered with Siemens to advance its global Net Zero Production roadmap. The collaboration aims to achieve net-zero emissions in Scopes 1 and 2 across all production sites by 2030. Siemens will deploy … Read the full press release →

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

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Baltic Power Offshore Wind Farm to Pioneeringly Use Low-Emission Steel for Turbines, Reducing Carbon Footprint by 10%

Posted on 17, January 2024 by

(IN BRIEF) The Baltic Power offshore wind farm, a collaboration between ORLEN Group and Northland Power, is set to become the world’s first to construct wind turbines using low-emission steel produced predominantly from recycled materials in an electric arc furnace … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Poland

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DNV’s Market Study Explores Denmark’s Potential as a European CO2 Hub in Pursuit of Climate Targets

Posted on 16, January 2024 by

(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release →

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

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Schneider Electric Highlights Role of Private Sector in Emissions Reduction at World Economic Forum

Posted on 15, January 2024 by

(IN BRIEF) Schneider Electric executives are participating in the World Economic Forum, highlighting the need for more immediate action to combat climate change. They stress that existing technologies should be widely deployed to address environmental concerns, as energy consumption accounts … Read the full press release →

Posted in Energy, Gas & Oil, Environment, France, Industrial, Management, Switzerland, Technology

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Losinger Marazzi Secures Four Sustainable Building Projects Worth €410 Million in Switzerland

Posted on 13, January 2024 by

(IN BRIEF) Bouygues Construction’s Swiss subsidiary, Losinger Marazzi, has been awarded four building projects in Switzerland with a combined value of 401 million Swiss francs (€410 million). These projects are dedicated to sustainability and low-carbon solutions, aligning with the country’s … Read the full press release →

Posted in Business, Construction, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Switzerland

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VINCI Energies and Senelec Secure €200 Million Contract for Senegal’s Energy Infrastructure

Posted on 12, January 2024 by

(IN BRIEF) VINCI Energies and Senelec, in partnership with the French government, have signed a €200 million contract for a major electricity transmission and distribution project in Senegal. The project aims to build 1,350 km of high-voltage and very-high-voltage transmission … Read the full press release →

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

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EBRD Achieves Record Investments of €13.1 Billion in 2023, Focusing on Green Economy and Crisis Response

Posted on 12, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) announced a significant milestone by delivering a record €13.1 billion in investments in 2023, marking a year of achievements and challenges. The bank reported record levels of investments, green financing, … Read the full press release →

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

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Plenitude Expands Its Renewable Portfolio with Acquisition of Three U.S. Solar Parks from EDPR

Posted on 11, January 2024 by

(IN BRIEF) Plenitude, a renewable energy company and subsidiary of Eni New Energy US Inc., has signed an agreement with EDP Renováveis (EDPR) to acquire an 80% equity stake in three operational photovoltaic plants in the United States. The Cattlemen … Read the full press release →

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

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EIB Global Invests $30 Million in Seedstars Africa Ventures to Boost Innovation and Job Creation in Africa

Posted on 11, January 2024 by

(IN BRIEF) EIB Global has announced a $30 million equity investment in the Seedstars Africa Ventures I venture capital fund to support innovative entrepreneurs in Africa. This investment aims to provide improved access to risk capital for startups and innovative … Read the full press release →

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

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RWE Successfully Connects 20th Onshore Wind Farm in Poland, Expanding Renewable Portfolio

Posted on 10, January 2024 by

(IN BRIEF) RWE, a global leader in renewable energies, has achieved a significant milestone by connecting its 20th onshore wind farm to the grid in Poland. The Żnin wind farm, located in Kujawsko-Pomorskie, boasts 16 wind turbines with a total … Read the full press release →

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

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Vattenfall Completes Vesterhav Syd Offshore Wind Farm, Powers 170,000 Danish Households with Fossil-Free Energy

Posted on 10, January 2024 by

(IN BRIEF) Vattenfall has achieved a significant milestone by completing the Vesterhav Syd offshore wind farm, connecting it to the Danish power grid. All 20 wind turbines at the site are now operational, supplying fossil-free electricity to approximately 170,000 Danish … Read the full press release →

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

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EcoDataCenter Adopts Recycled Steel Heat Exchangers to Slash Data Center Carbon Emissions

Posted on 10, January 2024 by

(IN BRIEF) EcoDataCenter, a leading sustainable data center provider, is set to make an industry-first move by deploying Alfa Laval heat exchangers made from recycled steel produced without new CO2 emissions from SSAB. This collaboration marks a significant step towards … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology

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EBRD Grants €29 Million for Renewable Energy Projects in Poland

Posted on 10, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million) to subsidiaries of Eurowatt Green Energy Group SA, Baltic Sea Polska II sp. z o.o., and C&C … 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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Iberdrola Secures €300 Million Loan from World Bank’s IFC for Renewable Projects in Fossil Fuel-Dependent Nations

Posted on 9, January 2024 by

(IN BRIEF) Iberdrola has entered into a loan agreement with the International Finance Corporation (IFC), the private sector investment arm of the World Bank, for €300 million, linked to ESG criteria, to support renewable energy projects in countries heavily reliant … Read the full press release →

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

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Bosch Showcases Electrification, Hydrogen, and Sustainability Innovations at CES 2024

Posted on 9, January 2024 by

(IN BRIEF) Bosch is at CES 2024, presenting its commitment to driving electrification and sustainable energy use, with a focus on hydrogen as a key solution. The company highlights innovations such as automated valet charging for electric vehicles, the use … Read the full press release →

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

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EBRD Commits €100 Million to Taaleri SolarWind III Fund for Renewable Energy Projects

Posted on 9, January 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing up to €100 million in Taaleri SolarWind III, a fund managed by Finland-based Taaleri Energia. This investment aims to support the development of 800 MW of new renewable … Read the full press release →

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

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Italian Renewable Powerhouse GreenIT Expands Solar Portfolio with 140 MW Galileo Deal

Posted on 8, January 2024 by

(IN BRIEF) GreenIT, the Italian renewable energy joint venture backed by Plenitude (Eni, 51%) and CDP Equity (CDP Group, 49%), has entered into an agreement with Galileo, a pan-European renewable energy development platform, to develop eight photovoltaic projects totaling approximately … Read the full press release →

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

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ContiTech’s Sustainability Drive: PV System Installations and Pilot Plants

Posted on 5, January 2024 by

(IN BRIEF) ContiTech, a sector of Continental, is making significant strides toward sustainability by installing a photovoltaic (PV) system at its Timișoara facility in Romania. Seven more locations are set to follow suit in 2024, supporting the company’s goal of … Read the full press release →

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

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EIB Supports Volvo’s €420 Million Initiative for Cutting-Edge Electric Vehicle Platform

Posted on 4, January 2024 by

(IN BRIEF) Volvo Car Corporation has secured a €420 million loan from the European Investment Bank (EIB) to support the development of an all-electric vehicle platform. This financing covers research and development, software development, and advanced manufacturing technologies for electric … Read the full press release →

Posted in Automotive, Banks, Business, Electronics & Machinery, European Union, Financial, Industrial, Investment, Sweden, Technology

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Fortum’s Loviisa Plant Extends License Until 2050, Paving the Way for 170 TWh of CO2-Free Power

Posted on 4, January 2024 by

(IN BRIEF) In 2023, Fortum’s Loviisa nuclear power plant in Finland achieved exceptional results, generating 8.09 terawatt-hours of carbon-free electricity. Loviisa 1 and Loviisa 2, the plant’s units, demonstrated high operational efficiency with load factors exceeding 89%. Fortum also collaborated … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, News

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OMV Petrom Expands Renewable Portfolio with 1 GW Capacity and Dominant EV Charging Network Acquisition

Posted on 4, January 2024 by

(IN BRIEF) OMV Petrom, Southeast Europe’s largest integrated energy company, is set to acquire a 50% stake in Electrocentrale Borzesti, which holds a 1 GW capacity of renewable projects, including 950 MW of wind and 50 MW of photovoltaic, in … Read the full press release →

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

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