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Search Results for: electricity
Outokumpu Deepens Commitment to Clean Energy, Bolsters Stake in Rajakiiri Wind Farm
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is taking steps to reduce its carbon footprint and enhance energy self-sufficiency. The company has invested further in the Rajakiiri wind farm in Tornio, Finland, increasing its ownership to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Investment, Metals and Minerals
Tagged ferrochrome, Finland, Outokumpu, Outokumpu EvoEnergy, Rajakiiri wind farm, renewable energy, solar power plants, stainless operations, Stainless Steel, sustainable stainless steel, Tony Lindström, Tornio, wind farm, wind turbines
Terna Gains Approval for €8 Million Underground Power Line to Boost Energy Security in La Spezia
(IN BRIEF) The Minister of Environment and Energy Security has granted authorization for Terna’s new electricity connection project linking La Spezia and Arcola (SP). With an investment of 8 million euros, the project will involve the construction of a 4.3 … Read the full press release
ORLEN Group Embraces Virtual Power Plant Technology for Enhanced Energy Management
(IN BRIEF) The ORLEN Group is embarking on a groundbreaking initiative to introduce Virtual Power Plant (VPP) technology, which will centralize the coordination of power generation sources throughout the country via a central control system. This innovative project aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland, Technology
Tagged Energy management, Marcin Piekarski, ORLEN Group, Virtual Power Plant Technology
EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Small Business, Turkey, United Kingdom
Tagged EBRD, Kutes, partnership, SMEs, sustainability, sustainable energy, Turkey, Türkiye Sınai Kalkınma Bankası (TSKB)
Vestas Secures Order for 8 Wind Turbines from BayWa r.e. for Dollenkamp Project in Germany
(IN BRIEF) Vestas has received a confirmed order from BayWa r.e. for the Dollenkamp project located in Brakel, North Rhine-Westphalia, Germany. The order comprises eight V162-5.6 MW wind turbines, covering supply, delivery, and commissioning services. Once operational, Vestas will provide … Read the full press release
Vattenfall’s Norfolk Offshore Wind Zone Sold to RWE for £963 Million
(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release
Terna to Invest €3.2 Billion in Sicily’s Energy Infrastructure Development
(IN BRIEF) Terna, Italy’s national electricity grid operator, and the Sicily Region have entered into a five-year partnership to enhance the planning and placement of new electricity infrastructure in Sicily. The collaboration aims to expedite projects outlined in Terna’s Development … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Italy
Tagged Calogero Giuseppe Burgio, electricity infrastructure, Enrico Maria Carlini, Francesco Del Pizzo, Fulgatore, Giuseppina Di Foggia, Italy, Partinico, Priolo, Renato Schifani, Roberto Di Mauro, Rossano, Sicily, submarine power line, sustainable electricity grid, Terna, Tyrrhenian Link
Iberdrola Secures €5.3 Billion Credit Facility with ESG Commitment
(IN BRIEF) Iberdrola, a major energy company, has secured a €5.3 billion credit facility in its largest-ever financing deal. This credit line, signed with 33 international banks, is linked to sustainability objectives, including reducing greenhouse gas emissions by 2030 and … Read the full press release
Posted in Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Spain
Tagged BBVA, credit facility, credit line, ESG objectives, green financing, Iberdrola, Ignacio Galán, reduction of greenhouse gas emissions, sustainability objectives, sustainable financing
AFRY Facilitates ENGIE’s Sicilian and Sardinian Wind Farms, Advancing Italy’s Green Transition
(IN BRIEF) AFRY, an international engineering and consulting company, has assisted ENGIE in the construction of two wind farms, Rampingallo and Porto Torres, located in Sicily and Sardinia, Italy. These wind farms, with a combined power output of 60 MW, … Read the full press release
PhD Researcher Addresses Power Quality Challenges in Electric Vehicle Charging
(IN BRIEF) Tim Slangen, a PhD researcher at the TU/e Department of Electrical Engineering, has conducted extensive research on the phenomenon of supraharmonic disturbances related to electric vehicle (EV) charging. Supraharmonics are waveform distortions in voltage and current occurring at … Read the full press release
Posted in Automotive, Business, Education, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Science, Technology
Tagged ElaadNL, electric vehicle charging, partnership, Power Quality Challenges, researcher, supraharmonic, sustainability, Tim Slangen, TU/e
Voith Secures Major Contract to Equip Angola’s Caculo Cabaça Hydropower Plant
(IN BRIEF) Voith, a technology company, is set to supply electrical and mechanical equipment for Angola’s Caculo Cabaça hydropower plant. The order includes the installation of turbines, generators, control systems, and training programs. Located on the Kwanza River, the plant … Read the full press release
Engineering Firm Wood to Play Key Role in Expanding Germany’s Renewable Energy Grid
(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release
TotalEnergies and Nigeria Strengthen Long-Term Partnership, Commit to Emissions Reduction
(IN BRIEF) TotalEnergies’ Chairman and CEO, Patrick Pouyanné, met with Nigerian President Bola Ahmed Tinubu to reaffirm the enduring partnership between TotalEnergies and Nigeria. Over the past decade, TotalEnergies has been the largest private energy investor in Nigeria, with significant … Read the full press release
Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Norway, Ukraine, United Kingdom
Tagged conflict, Denys Shmygal, EBRD, ENERGY, Italy, Norway, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Volodymyr Kudrytskyi
EIB Grants PLN 1.5 Billion Loan to Jerónimo Martins Polska for Green Store Refurbishments
(IN BRIEF) The European Investment Bank (EIB) is providing a loan of PLN 1.5 billion to Jerónimo Martins Polska, the owner of the Biedronka retail store chain in Poland, to facilitate energy efficiency investments within its store network. This financial … Read the full press release
EIB Global Signs €41.2 Million Loan Agreement to Rehabilitate Moldova’s Rail Infrastructure
(IN BRIEF) The European Investment Bank’s (EIB) specialized development finance arm, EIB Global, has entered into a €41.2 million loan agreement with the government of Moldova for the revitalization of the country’s railway infrastructure. Complementing this funding is a €12 … Read the full press release
Posted in Banks, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Moldova, News, Transportation & Logistics
Tagged EIB, EIB Global, Jānis Mažeiks, MOLDOVA, partnership, Petru Rotaru, rail infrastructure, Rehabilitate, sustainability, Teresa Czerwinska
European Investment Bank Welcomes EU Accession Negotiations with Ukraine, Moldova, and Candidate Status for Georgia
(IN BRIEF) The European Investment Bank (EIB) applauds the European Council’s decision to initiate EU accession negotiations with Ukraine and Moldova, while also granting candidate country status to Georgia. EIB President Werner Hoyer emphasizes the positive impact of enlargement on … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, Moldova, News, Ukraine
Tagged EU, European Investment Bank, GEORGIA, MOLDOVA, partnership, sustainability, UKRAINE, Werner Hoyer
Finland’s Suur-Savon Sähkö Oy Partners with NIB on EUR 45 Million Energy Infrastructure Initiative
(IN BRIEF) The Nordic Investment Bank (NIB) and Suur-Savon Sähkö Oy, a municipal energy utility, have signed a 10-year, EUR 45 million loan agreement for investment projects from 2023 to 2024. Suur-Savon Sähkö Oy’s initiatives focus on improving the region’s … Read the full press release
EIB Provides €46 Million Loan to Ingeteam for Renewable Energy Integration Research
(IN BRIEF) The European Investment Bank (EIB) and Ingeteam, a Spanish company specializing in electrical engineering and equipment development, have signed a €46 million loan agreement for a two-year investment plan. The plan focuses on research, development, and innovation (RDI) … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Luxembourg, Management, News, Spain
Tagged Adolfo Rebollo, EIB, Ingeteam, Integration Research, partnership, renewable energy, Ricardo Mourinho Félix, Spain, sustainability
EIB and NIB Finance €85 Million Mažeikiai Onshore Wind Farm in Lithuania
(IN BRIEF) The European Investment Bank (EIB) and Nordic Investment Bank (NIB) have signed a financing agreement for the Mažeikiai onshore wind farm in Lithuania, developed by Ignitis Group, a leading energy company in the Baltics. Both EIB and NIB … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News
Tagged André Küüsvek, EIB, Ignitis Group, Jonas Rimavičius, Lithuania, Mažeikiai Onshore Wind Farm, NIB, partnership, sustainability, Thomas Östros
Outokumpu, ZWILLING, and STAHL KREBS Collaborate to Reduce Carbon Footprint of Stainless Steel Knives
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has partnered with ZWILLING, a leading supplier of high-quality kitchen products, and steel trading company STAHL KREBS to reduce the carbon footprint of stainless steel knives. The collaboration involves the … Read the full press release
TotalEnergies Agrees to 5% Salary Increase and Value Sharing Bonus for French Employees
(IN BRIEF) TotalEnergies has signed a wage agreement for 2024 with majority approval (71%) from the CFE-CGC, CFDT, and CAT trade unions. The agreement covers approximately 14,000 employees in France who fall under the Common Corpus of Employee Relations Agreements … Read the full press release
Posted in Business, Financial, France, Industrial, Management, News
Tagged Bonus, CAT trade unions, CFDT, CFE-CGC, Financial, French Employees, partnership, Patrick Pouyanné, Salary Increase, TotalEnergies
Outokumpu and Siemens Collaborate on World’s First Towards-Zero Stainless Steel for Sustainable Medium-Voltage Switchgear
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Siemens, a technology company, have announced a partnership to use Outokumpu’s Circle Green®, a stainless steel variant with up to a 93% lower carbon footprint than the industry average, … Read the full press release
Posted in Business, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Niklas Wass, Outokumpu, partnership, Siemens, Stephan May, sustainability, switchgear, zero stainless steel
ANDRITZ to Deliver Second P-RC APMP Line to Dezhou Taiding for Pulp Production Expansion
(IN BRIEF) ANDRITZ, the international technology group, has secured an order from Dezhou Taiding New Material Science and Technology Co., Ltd. in China to provide a second chemi-thermomechanical (P-RC APMP) line for their mill in Pingyuan County, Shandong Province. The … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Investment, Management, News, Technology
Tagged Andritz, CHINA, Dezhou Taiding, P-RC APMP Line, partnership, pulp production, sustainability, Zhang Qingchao
ORLEN Group Expands Renewable Energy Portfolio with 60 MW Onshore Wind Farm Acquisition
(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has entered into an agreement to purchase onshore wind farms from Octopus Renewables Infrastructure Trust PLC. These wind farms, located in the Provinces of Poznań and Szczecin, have a … Read the full press release
EIB Approves €5 Billion Initiative to Support Wind Energy Manufacturing and €20.4 Billion for Diverse Investments Across Europe
(IN BRIEF) The European Investment Bank (EIB) Board of Directors has endorsed a €5 billion initiative aimed at bolstering wind energy equipment manufacturing companies as part of the European Wind Power Package. This strategic investment supports the transition to net … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Luxembourg, Management, News
Tagged EIB, Europe, investments, partnership, sustainability, Werner Hoyer, Wind Energy Manufacturing
ÖBB Rail Cargo Group Earns EcoVadis Gold Standard for Third Consecutive Year in CSR Excellence
(IN BRIEF) The ÖBB Rail Cargo Group (RCG) has been awarded the EcoVadis Gold Standard for corporate social responsibility (CSR) for the third consecutive year. This recognition places RCG in the top 1% of companies in the rail freight transport … Read the full press release
Henkel Joins UN Climate Change Conference to Discuss Supply Chain Decarbonization
(IN BRIEF) Henkel, a global leader in adhesives, participated in a panel discussion hosted by Schneider Electric at the United Nations Climate Change Conference (COP28). The panel, titled “Beyond Carbon – Decarbonizing the Supply Chain for a Greener Tomorrow,” focused … Read the full press release
Posted in Business, Chemicals, Environment, Germany, Government, Industrial, Management, Media, News
Tagged climate change conference, COP28, decarbonization, Dr. Philipp Loosen, Henkel, partnership, Schneider Electric, supply chain, sustainability, UN
TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions
(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable … Read the full press release
Ukraine Receives €133 Million from European Investment Bank to Repair Damaged Hydro Power Plants
(IN BRIEF) The European Investment Bank (EIB) has disbursed €133 million to Ukraine for the Hydro Power Plants Rehabilitation Project, carried out by Ukrhydroenergo, the country’s largest hydropower generating company. This funding aims to support the restoration and repair of … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Luxembourg, Management, News, Ukraine
Tagged European Investment Bank, Hydro Power Plants, Ihor Syrota, partnership, sustainability, Teresa Czerwinska, UKRAINE, Valdis Dombrovskis
ABB Partners with Gravitricity to Advance Gravity Energy Storage in Abandoned Mines
(IN BRIEF) ABB has entered into an agreement with Gravitricity, a UK-based gravity energy storage company, to collaborate on the development and implementation of gravity energy storage systems in disused mines. Gravitricity’s innovative GraviStore system utilizes heavy weights in underground … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, United Kingdom
Tagged Abandoned Mines, ABB, Charles Bennett, Gravitricity, Gravity Energy Storage, Martin Wright, partnership, sustainability
EDF Group Reinforces Commitment to Climate Action and Net Zero Emissions at COP28
(IN BRIEF) During the 28th United Nations Conference of the Parties on Climate Change (COP28), EDF Group has reiterated its dedication to combating climate change and achieving “net zero emissions.” The company supports various initiatives announced at COP28, including efforts … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management, Media, News
Tagged Climate Action, climate change, COP28, EDF Group, Luc Rémont, Net zero emissions, sustainability
NatWest and BCG Report Highlights £900 Billion Investment Requirement for UK’s Net Zero Energy Supply
(IN BRIEF) NatWest and Boston Consulting Group (BCG) have released a report emphasizing the substantial financial investment needed to achieve a net-zero energy supply in the UK by 2050, estimating the capital expenditure requirement at over £900 billion. This investment … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Andy Gray, Boston Consulting Group (BCG), energy supply, Eriola Beetz, investment, NatWest, net zero, partnership, sustainability, UK
Intesa Sanpaolo Wins Two Top Prizes at Qorus-Accenture Banking Innovation Awards
(IN BRIEF) Intesa Sanpaolo, the Italian banking group, has received two first-place awards at the Qorus-Accenture Banking Innovation Awards. The awards recognize innovations in banking on a global level. Intesa Sanpaolo won in the categories of “Neobanks & Specialized Players” … Read the full press release
Posted in Awards, Banks, Business, Financial, Investment, Italy, Management, News, Technology
Tagged Intesa Sanpaolo, Qorus-Accenture Banking Innovation Awards, Stefano Barrese
Arcadis Ost 1 Wind Farm Powers Up, Adding 250 MW of Renewable Energy to German Grid
(IN BRIEF) The Arcadis Ost 1 wind farm, situated off the coast of Rügen in Mecklenburg-Western Pomerania, Germany, has commenced full capacity operation, contributing 250 megawatts (MW) of renewable energy to the German electricity transmission system. The wind farm operator, … Read the full press release
EDF’s Port-Est Power Plant Achieves 100% Renewable Energy with Liquid Biomass Conversion
(IN BRIEF) EDF Group’s subsidiary, EDF Production Energie Insulaire (PEI), has converted its bioenergy power plant at Port-Est in Reunion Island to operate on liquid biomass made from rapeseed oil, making it fully renewable and contributing to the region’s aim … Read the full press release
COP28: TotalEnergies Collaborates with National Oil & Gas Companies to Measure and Reduce Methane Emissions Using Innovative Drone Technology
(IN BRIEF) TotalEnergies has signed cooperation agreements with National Oil & Gas Companies (Petrobras in Brazil, SOCAR in Azerbaijan, and Sonangol in Angola) to use its AUSEA technology for methane detection and measurement campaigns at oil and gas facilities in … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, Media, News, Technology
Tagged Angola, AUSEA technology, Brazil, COP28, Drone Technology, innovative, methane emissions, National Oil & Gas Companies, partnership, Patrick Pouyanné, Petrobras, Sonangol, sustainability, TotalEnergies
Vattenfall and BASF Forge Green Partnership for German Offshore Wind Farms
(IN BRIEF) Vattenfall and BASF have signed a Memorandum of Understanding to collaborate on the Nordlicht 1 and 2 offshore wind farm projects in the German North Sea. BASF is set to acquire a 49% stake in these projects, which … Read the full press release
TotalEnergies Signs Investment Agreement for Largest Wind Energy Project in Kazakhstan
(IN BRIEF) TotalEnergies has signed an Agreement on Investment (AoI) for its Mirny project during COP28 in Dubai. This project, the largest wind energy initiative ever undertaken in Kazakhstan, will provide low-carbon electricity to over 1 million people and reduce … Read the full press release
Eni Secures €3 Billion Sustainability-Linked Revolving Credit Line
(IN BRIEF) Eni, the energy company, has signed a Sustainability-Linked revolving credit line for a duration of five years, amounting to €3 billion. This credit facility is tied to two sustainability targets outlined in Eni’s Sustainability-Linked Financing Framework, which was … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News
Tagged Eni, Financial, investment, renewable energy, sustainability