Search Results for: electricity

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

Posted on 17, November 2023 by

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release →

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

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Brau Union Österreich and SPAR Opt for Multimodal Transport with ÖBB Rail Cargo Group

Posted on 17, November 2023 by

(IN BRIEF) Brau Union Österreich and the SPAR retail chain have embraced multimodal transportation in collaboration with the ÖBB Rail Cargo Group (RCG). This approach combines rail and road transport to create efficient and environmentally friendly door-to-door logistics solutions. Beverages … Read the full press release →

Posted in Austria, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Retail, Transportation & Logistics

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TenneT and Statnett Explore Hybrid Interconnector for North Sea Wind Energy

Posted on 17, November 2023 by

(IN BRIEF) On November 16, 2023, transmission system operators TenneT and Statnett signed a Memorandum of Understanding (MoU) to investigate the feasibility of a hybrid interconnector linking Germany and Norway in the North Sea. Instead of connecting North Sea wind … Read the full press release →

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

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TenneT Launches ‘Modular Construction for Large Projects’ Program for Accelerated Grid Expansion

Posted on 17, November 2023 by

(IN BRIEF) TenneT has initiated its ‘Modular Construction for Large Projects’ program to expedite the expansion of the electricity grid. Recognizing the need for acceleration, the program aims to introduce more efficient and intelligent construction methods. It specifically targets the … Read the full press release →

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

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Accenture Study Reveals Only 18% of Companies on Track for Net Zero Emissions by 2050, Urgent Action Needed in Heavy Industry

Posted on 16, November 2023 by

(IN BRIEF) A recent study by Accenture highlights that just 18% of companies are currently on course to achieve net-zero emissions in their operations by 2050. The research also reveals that 38% of companies feel unable to make additional investments … Read the full press release →

Posted in Business, Environment, Industrial, Ireland, Management, Marketing, News, Technology

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SEB Sets Ambitious 2030 Sector Targets to Accelerate Towards Net-Zero Credit Portfolio

Posted on 16, November 2023 by

(IN BRIEF) SEB, a leading financial services group, has revealed its 2030 sector targets aimed at aligning its credit portfolio with net-zero emissions goals. These targets, covering sectors like oil & gas, power generation, steel, car manufacturing, and more, are … Read the full press release →

Posted in Banks, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden

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Malta Inc. Collaborates with German Partners to Accelerate Energy Transition and Decarbonization

Posted on 16, November 2023 by

(IN BRIEF) Malta Inc., a leader in long-duration energy storage (LDES), has announced a grant awarded to its German subsidiary for a €9-million project aimed at expediting Germany’s energy transition efforts. The project, supported by the German Federal Ministry for … Read the full press release →

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

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ArcelorMittal to Pioneer Sustainable Steel Powder Production for Additive Manufacturing

Posted on 15, November 2023 by

(IN BRIEF) ArcelorMittal, a global steel industry leader, is entering the additive manufacturing (AdM) market as a supplier of high-quality steel powders. The company is constructing an industrial-scale atomizer in Spain, with production scheduled to begin in January 2024. This … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Investment, Luxembourg, Metals and Minerals, Spain, Technology

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Vattenfall’s Vesterhav Syd Wind Farm Powers Up Danish Grid with Clean Energy

Posted on 15, November 2023 by

(IN BRIEF) Vattenfall has achieved a major milestone as the Vesterhav Syd offshore wind farm delivered its first power to the Danish grid on November 10th. After nearly seven years of work, the wind turbines at Vesterhav Syd are now … 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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TotalEnergies’ Energy Outlook 2023 Offers Insight into Global Energy Transition

Posted on 15, November 2023 by

(IN BRIEF) TotalEnergies has released its annual “TotalEnergies Energy Outlook 2023” in preparation for COP28, outlining scenarios for the evolution of global energy demand and the transition to a sustainable energy system by 2050. The report reveals that while the … Read the full press release →

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

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RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

Posted on 15, November 2023 by

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release →

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

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Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

Posted on 14, November 2023 by

(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release →

Posted in Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Sweden, Technology, Transportation & Logistics

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DHL Express Inaugurates Upgraded Central Asia Hub in Hong Kong with EUR 562 Million Investment

Posted on 14, November 2023 by

(IN BRIEF) DHL Express has unveiled its expanded Central Asia Hub (CAH) in Hong Kong, marking its largest infrastructure investment in the Asia Pacific region to date, totaling EUR 562 million. The CAH is one of three global hubs connecting … Read the full press release →

Posted in Business, Germany, Industrial, Infrastructure & Utilities, Investment, Transportation & Logistics

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EnBW Reports Strong Earnings Growth and Increased Investment in Energy Transition

Posted on 13, November 2023 by

(IN BRIEF) EnBW Energie Baden-Württemberg AG has announced its financial results for the first nine months of the 2023 financial year. The company reported revenue of approximately €34.7 billion and Group operating earnings (adjusted EBITDA) of €4.9 billion during this … Read the full press release →

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

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TotalEnergies to Acquire 1.5 GW of Gas-Fired Power Plants in Texas to Enhance Energy Portfolio

Posted on 13, November 2023 by

(IN BRIEF) TotalEnergies is expanding its presence in the Texas power market by signing an agreement to acquire three gas-fired power plants from TexGen for $635 million. These plants, with a combined capacity of 1.5 GW, are strategically located close … Read the full press release →

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

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EnBW Completes Sale of Minority Stake in TransnetBW to Federal Government and KfW

Posted on 11, November 2023 by

(IN BRIEF) EnBW Energie Baden-Württemberg AG has successfully concluded the sale of a minority stake in its subsidiary, TransnetBW, to the federal government and KfW. The federal government has acquired a 24.95% minority stake, while KfW exercised its option to … Read the full press release →

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

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Largest Cooling Supply Site in Germany: E.ON’s Commitment to Heidelberg University

Posted on 10, November 2023 by

(IN BRIEF) E.ON and Heidelberg University Hospital have officially opened a new cooling center in Heidelberg, Germany, in response to a significant increase in cooling needs on the Heidelberg University campus. The facility, designed for a maximum capacity of 48 … Read the full press release →

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

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DHL Freight Demonstrates Commitment to Sustainability with Berlin Terminal Upgrade

Posted on 10, November 2023 by

(IN BRIEF) DHL Freight is building a new terminal in Berlin-Marienfelde, aiming to enhance its network and sustainability. This 20,000-square-meter facility will replace an existing one in Berlin, offering better freight distribution in the area. The new terminal will operate … Read the full press release →

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

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Logicor Expands European Logistics Real Estate Presence in Rheine with Sustainable Development

Posted on 10, November 2023 by

(IN BRIEF) Logicor, a prominent player in European logistics real estate, is increasing its footprint in Rheine, a strategic business location. Currently, a logistics property with two units covering approximately 20,000 square meters (Rheine II) is under construction on Sandkampstrasse … Read the full press release →

Posted in Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Technology, Transportation & Logistics, United Kingdom

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DNV Calls for Urgent Policy Changes and Tech Advancements in Net Zero Emissions Report

Posted on 10, November 2023 by

(IN BRIEF) DNV’s “Pathway to Net Zero Emissions” report emphasizes the need for immediate and lasting emissions reductions to limit global warming to 1.5°C. The report acknowledges that achieving a fully fossil-free energy system by 2050 is unrealistic and instead … Read the full press release →

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

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EIB and Erste Bank Finance €79.2 Million for Engelhartstetten Wind Farm, Aiding Austria’s Green Energy Transition

Posted on 10, November 2023 by

(IN BRIEF) The European Investment Bank (EIB) and Erste Bank Austria have jointly provided loans of up to €79.2 million to WLK energy for the construction of the new Engelhartstetten wind farm in Lower Austria. This wind farm will consist … Read the full press release →

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

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Danish Wind Farm Cultivates Climate-Friendly Foods to Combat the Climate Crisis

Posted on 9, November 2023 by

(IN BRIEF) The Anholt Offshore Wind Farm in Denmark has launched a research project to cultivate low-carbon foods like seaweed and mussels while protecting the marine environment. The project aims to address both the climate crisis and marine conservation by … Read the full press release →

Posted in Denmark, Energy, Gas & Oil, Environment, Food & Beverage, Industrial

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Unilever Grants Ice Cream Industry Free Access to Energy-Efficient Reformulation Patents

Posted on 9, November 2023 by

(IN BRIEF) Unilever has made a significant move towards reducing energy consumption in the ice cream industry by offering a free non-exclusive license for 12 reformulation patents. These patents are aimed at enabling ice cream products to remain stable at … Read the full press release →

Posted in Business, Commodities, Energy, Gas & Oil, Environment, Food & Beverage, Industrial, Infrastructure & Utilities, Management, News, Technology, Transportation & Logistics, United Kingdom

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Hiab Launches Environmentally Friendly MULTILIFT Hooklifts to Help Customers Reduce Carbon Emissions

Posted on 9, November 2023 by

(IN BRIEF) Hiab, a division of Cargotec, has introduced two new MULTILIFT hooklifts, the MULTILIFT Ultima 28Z and MULTILIFT Ultima ZERO, designed with a focus on sustainability and reduced carbon emissions. The heavy-duty MULTILIFT Ultima 28Z offers a lifting capacity … Read the full press release →

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

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TotalEnergies and Trade Unions Join Forces for Employee Eco-Transition in France

Posted on 9, November 2023 by

(IN BRIEF) TotalEnergies has unveiled a strategic initiative to aid its 35,000 employees in France in their ecological transition efforts, promoting sustainable energy consumption and mobility in their daily lives. In collaboration with the Company’s trade union representatives (CFDT, CFE-CGC, … Read the full press release →

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

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Keolis Wins Contracts to Transform Public Transport and Drive Green Transition in Two French Urban Regions

Posted on 9, November 2023 by

(IN BRIEF) Keolis, a transportation company, has been awarded two significant contracts by urban district councils in France to improve public transport services and advance the energy transition. The first contract with Communauté de l’Auxerrois involves the operation of its … Read the full press release →

Posted in Business, Environment, Financial, France, Industrial, Investment, Management, News, Transportation & Logistics

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Swedish Collaboration Pioneers Sustainable Construction with Fossil-Free Steel Building

Posted on 8, November 2023 by

(IN BRIEF) Peab, SSAB, Ruukki Construction, and Wihlborgs have unveiled the world’s first building constructed entirely with fossil-free steel in Lund, Sweden. The industrial facility named “Tomaten 1” represents a significant milestone in reducing the carbon footprint of the construction … Read the full press release →

Posted in Construction, Environment, Industrial, Infrastructure & Utilities, Metals and Minerals, Sweden

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Economic Headwinds Impact voestalpine’s H1 2023/24 Financial Results

Posted on 8, November 2023 by

(IN BRIEF) voestalpine, a steel and technology company, reported its financial performance for the first half of the 2023/24 fiscal year. The company faced economic challenges with declining revenue and earnings due to a changing economic landscape. While some sectors … Read the full press release →

Posted in Austria, Business, Financial, Industrial, Management, Metals and Minerals

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E.ON Presents Digital Heat Map for Germany to Support Energy Transition in Heating Sector

Posted on 8, November 2023 by

(IN BRIEF) E.ON, in collaboration with Klara Geywitz, Federal Minister for Housing, Urban Development, and Building, has introduced a comprehensive digital heat map for all of Germany. This interactive tool provides insights into the current status of heat supply in … Read the full press release →

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

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Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

Posted on 7, November 2023 by

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release →

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

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EIB Commits €150 Million Loan to Deploy Smart Meters for Greece’s Energy Modernization

Posted on 7, November 2023 by

(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million 15-year loan agreement with the Hellenic Electricity Distribution Network Operator (HEDNO) to support the deployment of electricity smart meters across Greece. This initiative aims to enhance the efficiency … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Greece, Luxembourg, Technology

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EQT Infrastructure to Acquire Statera Energy, Boosting UK’s Flexible Energy Generation and Storage

Posted on 6, November 2023 by

(IN BRIEF) EQT Infrastructure has announced its acquisition of Statera Energy Limited from InfraRed Capital Partners, a move that aligns with the evolving landscape of the UK’s energy sector. As the country shifts towards decarbonization and increased electrification, the role … Read the full press release →

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

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Portugal Achieves Impressive 67% Renewable Energy Supply in October, According to REN

Posted on 4, November 2023 by

(IN BRIEF) In October, Portugal experienced a significant milestone in its energy landscape as renewable energy production contributed to 67% of the country’s electricity consumption. Non-renewable sources accounted for only 17%, while the remaining 16% was imported energy. The month … Read the full press release →

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

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Deutsche Telekom Subsidiary PASM Signs 100 MW Offshore Wind Power Purchase Agreement with EnBW

Posted on 4, November 2023 by

(IN BRIEF) Power and Air Condition Solution Management GmbH (PASM), a subsidiary of Deutsche Telekom AG, has expanded its renewable energy portfolio by signing a long-term power purchase agreement (PPA) with energy group EnBW. Under this PPA, PASM will procure … Read the full press release →

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

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TotalEnergies Extends Partnership with Oman LNG, Commits to GHG Emission Reduction

Posted on 2, November 2023 by

(IN BRIEF) TotalEnergies has extended its partnership with Oman LNG, a liquefied natural gas (LNG) joint venture, for ten more years beyond 2024. This extension also covers the adjacent Qalhat LNG project, which has been extended for five years. As … Read the full press release →

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

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Alfa Laval Establishes New Business Unit for Hydrogen Technologies and Invests in Innovation Center

Posted on 2, November 2023 by

(IN BRIEF) Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, is launching a new business unit called “Business Unit Electrolyzer and Fuel Cell Technologies” to capitalize on opportunities in the hydrogen sector. Over the past … Read the full press release →

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

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MAN Truck & Bus Launches Sales of Heavy-Duty Electric Trucks with Up to 1,000 km Range

Posted on 31, October 2023 by

(IN BRIEF) MAN Truck & Bus has commenced the sale of its first heavy-duty electric truck, marking a significant step in the transition to decarbonize freight transport. The new MAN eTGX and MAN eTGS electric trucks offer daily ranges of … Read the full press release →

Posted in Business, Germany, Industrial, Management, News, Technology, Transportation & Logistics

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AI Technology Revolutionizes Energy Efficiency in Buildings, Cutting Consumption and Emissions

Posted on 31, October 2023 by

(IN BRIEF) AI technology has the potential to significantly reduce energy consumption in buildings, which account for a substantial portion of energy usage and carbon dioxide emissions in the EU. By using sensors to collect data on temperature, humidity, and … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology

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Glencore Reports 2023 Q3 Production: Adjusts Nickel and Ferrochrome Forecasts Amidst Challenges

Posted on 31, October 2023 by

(IN BRIEF) Glencore, a global mining and commodities company, released its Third Quarter 2023 Production Report. The report highlights the company’s performance over the first nine months of the year, emphasizing that copper, coal, and zinc assets met expectations and … Read the full press release →

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

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Finland’s Meri-Pori Coal Plant Reserved for National Emergency Preparedness

Posted on 30, October 2023 by

(IN BRIEF) Fortum, a leading energy company, has signed an agreement with Finland’s National Emergency Supply Agency (NESA) to reserve the Meri-Pori coal condensing power plant for emergencies, ensuring the security of the country’s electricity supply. The agreement is in … Read the full press release →

Posted in Energy, Gas & Oil, Finland, Government, Industrial, Infrastructure & Utilities

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