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Search Results for: electricity
Siemens Unveils Climate-Neutral R&D Campus in Zug, Switzerland, to Advance Sustainable Building Technologies
(IN BRIEF) Siemens has officially opened its new Research and Development (R&D) facility in Zug, Switzerland, marking the completion of a seven-year, CHF250 million investment in its climate-neutral campus. The inauguration ceremony was attended by Swiss Economy Minister Guy Parmelin, … Read the full press release
Posted in Business, Construction, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged Building Technologies, climate-neutral, Guy Parmelin, Matthias Rebellius, partnership, R&D Campus, Roland Busch, Siemens, Silvia Thalmann-Gut, sustainability, Switzerland, Zug
Allianz Unveils Net-Zero Transition Plan with 2030 Targets for Emission Reductions and Renewable Investments
(IN BRIEF) Allianz has released its first comprehensive net-zero transition plan, reaffirming its commitment to achieving net-zero emissions by 2050 in its investment and insurance portfolios and by 2030 in its operations. The plan includes 2030 intermediate targets for reducing … Read the full press release
DNV Report Highlights Challenges in Achieving 2030 Maritime Emission Targets Amid Competition for Greener Fuels
(IN BRIEF) The shipping industry faces challenges in meeting 2030 maritime emission targets due to competition for greener fuels. DNV’s Maritime Forecast to 2050 report highlights that securing a sufficient supply of carbon-neutral fuels will be difficult. The industry must … Read the full press release
Trust in AI Essential for Advancing Energy Transition, DNV Report Finds
(IN BRIEF) A DNV report highlights that trust in artificial intelligence (AI) is a crucial factor in its effective use for accelerating the energy transition. While AI is being utilized in the energy sector, companies remain cautious due to new … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Industrial, Management, News, Norway, Technology
Tagged artificial intelligence (AI), DNV, ENERGY, Hari Vamadevan, Shaun Reardon, transition
Equinor Expands Renewable Portfolio in Poland with Acquisition of Wilko Wind Farm
(IN BRIEF) Equinor has acquired a 26 MW onshore wind farm in Poland, known as the Wilko wind farm, from the Helios Group. The wind farm is located in the Wielkopolska province and will be operated by Wento, Equinor’s subsidiary … Read the full press release
CapMan Infra Expands Northern European Data Centre Platform with Investment in Fuzion
(IN BRIEF) CapMan Infra has made an investment in Fuzion, a Danish data centre colocation provider, marking the company’s second move in creating a northern European data centre platform following its acquisition of Serverius in May 2023. Fuzion, known for … Read the full press release
RWE’s Sofia Offshore Wind Farm Advances with Subsea Cable Infrastructure Installation
(IN BRIEF) RWE’s Sofia Offshore Wind Farm project has commenced offshore construction with the installation of subsea cable infrastructure connecting the UK’s northeast coast to the wind farm site on Dogger Bank in the North Sea. The cable, to be … Read the full press release
Elli by Volkswagen Group at IAA Munich: A Glimpse into Future Energy Innovations and Charging Solutions
(IN BRIEF) Volkswagen Group’s e-mobility brand, Elli, is set to reveal innovative charging solutions and future energy innovations at the International Motor Show (IAA) in Munich. Highlighting their commitment to holistic energy solutions, Elli’s showcase will feature the groundbreaking Flexpole … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Marketing, Media, Technology, Transportation & Logistics
Tagged charging, e-mobility, electromobility, Elli, EPEX, Ewiva, flexible fast charging statio, Giovanni Palazzo, IAA, International Motor Show, IONITY Europe, PowerCenter, products, Volkswagen Group
Iberdrola Makes Strides in Offshore Wind Leadership with Saint-Brieuc and Baltic Eagle Projects
(IN BRIEF) Iberdrola, a prominent energy company, is making significant progress in its offshore wind initiatives with notable achievements in the Saint-Brieuc and Baltic Eagle projects. The Saint-Brieuc offshore wind farm, the second-largest in France, is near completion despite challenges … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain
Tagged Baltic Eagle, Iberdrola, Ignacio Galán, leadership, Offshore wind, Projects, Saint-Brieuc
TenneT Bolsters Supervisory Board with Appointments of Maarten Camps and Kuldip Singh for Diverse Expertise
(IN BRIEF) TenneT, a leading European electricity transmission system operator, has welcomed Maarten Camps and Kuldip Singh as new members to its Supervisory Board, effective from September 1, 2023. Camps, Chair of the Executive Board of Dutch social security agency … Read the full press release
IRENA Report: Solar Power Leads Sharp Decline in Renewable Energy Costs, Indicating Transformative Shift
(IN BRIEF) A recent International Renewable Energy Agency (IRENA) report indicates that 86% of newly commissioned renewable electricity capacity in 2022 cost less than fossil fuel-generated electricity. Solar power notably contributed to this trend, with its global average cost dropping … Read the full press release
Eni Sustainable Mobility Redefines Transport with Enilive Brand Launch
(IN BRIEF) Eni Sustainable Mobility introduces the Enilive brand, marking a significant leap in eco-conscious transportation. Enilive focuses on bio-refining, biomethane production, and smart mobility solutions like the Enjoy car sharing service. With over 5,000 Enilive Stations in Europe, the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Italy, Marketing, Media
Tagged bio-LPG, bio-refining, biogenic fuels, biomethane, biomethane production, bitumen, decarbonisation process, electricity, energy transition, Eni, Eni Sustainable Mobility, Enilive, fuels, HVO, hydrogen, hydrogenated vegetable oil, lubricants, smart mobility solutions
Lenzing Invests EUR 100 Million to Upgrade Indonesian Site for Sustainable Specialty Fiber Production
(IN BRIEF) The Lenzing Group, a leading provider of specialty fibers for textiles and nonwovens, has invested over EUR 100 million since 2021 to upgrade its Purwakarta site in Indonesia. The company aims to convert existing production capacity to specialty … Read the full press release
Wood Selected to Upgrade Power Transmission Infrastructure in Northern Scotland for Renewable Energy Expansion
(IN BRIEF) Wood has been chosen as a preferred bidder for the Scottish and Southern Electricity Network (SSEN) Transmission’s Accelerated Strategic Transmission Investment (ASTI) framework. This selection will facilitate the upgrade of onshore power transmission infrastructure in northern Scotland, supporting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged ASTI, expansion, infrastructure, Jim Shaughnessy, Northern Scotland, Onshore, partnership, power transmission, renewable energy, Rob McDonald, SSEN, sustainability, Wood
Galp Invests $5 Million in Verdagy’s Innovative Electrolysis Technology for Industrial Decarbonization
(IN BRIEF) Galp, an energy company, has invested $5 million in Verdagy, a US-based company developing scalable electrolysis technology for industrial applications. This technology aims to reduce costs and dependency on critical raw materials compared to current electrolysis methods. Galp’s … Read the full press release
Africa’s First Emission-Free Oil Production: Eni Launches Operations in Côte d’Ivoire’s Baleine Field
(IN BRIEF) Eni has initiated oil and gas production from the Baleine Field off the coast of Côte d’Ivoire, less than two years after its discovery in September 2021. This marks Africa’s first Scope 1 and 2 emissions-free production project. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy
Tagged Baleine Field, Claudio Descalzi, Côte d’Ivoire, Eni, gas, hydrocarbon, Ivorian blocks, oil, PetroCi, Petroci Holding, SDGs
Mercedes-Benz Unveils Ambitious Expansion of Global High-Power Charging Network
(IN BRIEF) Mercedes-Benz is set to launch its initial high-power charging stations this fall, starting in Atlanta (USA), Chengdu (China), and Mannheim (Germany). This move marks the beginning of a global charging network expansion, aiming to have over 2,000 high-power … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Germany, Infrastructure & Utilities, Technology, Transportation & Logistics
Tagged charging infrastructure, charging network, charging points, EV, Franz Reiner, Green Energy, high-power charging stations, Mercedes-Benz, Mercedes-Benz Charging Hubs, Mercedes-Benz Mobility AG, sustainable mobility
Avangrid Launches Data Science Team to Enhance Grid Reliability through Proprietary AI Systems
(IN BRIEF) Iberdrola’s subsidiary Avangrid has established a Data Science and Analytics team to develop proprietary AI systems aimed at enhancing grid reliability and customer service quality. The team comprises seven data scientists, engineers, and analysts, creating three distinct AI … Read the full press release
ČEPS and RWE Finalize Sale of RWE Gas Storage CZ
(IN BRIEF) State-owned electric power transmission operator ČEPS has finalized the sale of its subsidiary, RWE Gas Storage CZ, to RWE, a German energy company. The Czech Republic’s government approved the purchase, and the contract was signed recently. RWE Gas … Read the full press release
AFRY Selected by EETC for Vital Grid System Study to Support Egypt’s Renewable Energy Expansion
(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release
TotalEnergies Advances Carbon Storage Strategy with Acquisition of 40% Interest in CO2 Storage Exploration License
(IN BRIEF) TotalEnergies has entered into an agreement with CapeOmega Carbon Storage AS to acquire a 40% participating interest in the CO2 storage exploration license ExL004, also known as the “Luna” project. The license covers an area of 453 sq.km … Read the full press release
Equinor’s Innovative Steam Turbine Solution to Cut Emissions at Statfjord C Platform by 25%
(IN BRIEF) Equinor and its partners are implementing an innovative solution to enhance energy efficiency and reduce emissions at the Statfjord C platform. The plan involves replacing two gas turbines with a steam turbine powered by heat recovery from gas … Read the full press release
EBRD Extends €100 Million Loan to North Macedonia’s ESM for Energy Security and Decarbonization
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €100 million emergency liquidity loan to JSC Elektrani na Severna Makedonija (ESM), the public electricity utility of North Macedonia. This loan aims to enhance ESM’s financial stability, … Read the full press release
Prime Warehouse Costs Surge Globally, Sydney Overtakes Hong Kong in Savills Report
(IN BRIEF) Total costs for prime warehousing space, including rents, service charges, and taxes, have increased by 10.1% over the 12 months leading up to June 2023, surpassing the 8% annual increase recorded between 2021 and 2022, according to Savills … Read the full press release
Posted in Business, Financial, Industrial, Investment, Marketing, News, Real Estate, United Kingdom
Tagged Financial, Hong Kong, Paul Tostevin, Prime Warehouse Costs, Savills, Sydney, World Research
TotalEnergies and INPEX Collaborate with PTTEP for Acquisition of AC-RL7 Permit in Australia
(IN BRIEF) TotalEnergies and INPEX have partnered with PTTEP to acquire the AC-RL7 permit in Australia. TotalEnergies will own 26% while INPEX will have a 74% stake and assume operatorship, subject to regulatory approval. The permit includes Cash and Maple … Read the full press release
Savills Partners with National Grid on Land and Property Framework to Support Net Zero Goals
(IN BRIEF) Savills, a real estate services provider, has secured a five-year framework contract with National Grid UK Land and Property. Starting in September 2023, this partnership will support National Grid’s efforts to achieve its net zero targets. Savills will … Read the full press release
ENTSO-E and ENTSOG Announce Scenarios ETAG (External Technical Advisory Group) Members for Expert Advisory on TYNDP Scenarios Development
(IN BRIEF) ENTSO-E (European Network of Transmission System Operators for Electricity) and ENTSOG (European Network of Transmission System Operators for Gas) have revealed the list of members forming the Scenarios External Technical Advisory Group (Scenarios ETAG). This group has been … Read the full press release
Europe’s Offshore Wind Growth Faces Hurdles: Supply Chain Gaps and Auction Design Challenges
(IN BRIEF) Europe’s offshore wind sector is making progress in terms of investments and installations, with 2.1 GW of new offshore wind capacity added in the first half of 2023, bringing the total capacity to 32 GW. However, this growth … Read the full press release
Annual Outage Initiates at Fortum’s Loviisa Nuclear Power Plant for Maintenance and Modernization
(IN BRIEF) Fortum’s Loviisa Nuclear Power Plant in Finland is preparing for its annual outage, commencing with Unit 2 on August 20th, followed by Unit 1. Both units will undergo a brief refuelling outage lasting approximately 37 days. This maintenance … Read the full press release
RWE Gains Approval for 900 MW Offshore Wind Farms in German North Sea to Drive Green Energy Expansion
(IN BRIEF) RWE has been granted awards by the German Federal Network Agency for two wind farm sites, N-3.6 and N-3.5, within the Nordseecluster B in the German North Sea. The company intends to develop, build, and operate two wind … Read the full press release
RWE Reports €9 Billion Investment Surge and Robust Earnings in First Half of 2023, Driven by Renewable Energy Expansion
(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release
Posted in Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News
Tagged finacial, investment, Markus Krebber, renewable energy, RWE
Latvenergo Selects BLIX, AFRY’s Subsidiary, to Drive Large-Scale Onshore Wind Projects in Baltic States
(IN BRIEF) Latvenergo AS, the largest energy utility in the Baltic States, has awarded BLIX, part of AFRY, as the Owner’s Engineer for multiple large-scale onshore wind projects in the Baltics over a five-year period. The projects align with Latvenergo’s … Read the full press release
TenneT Partners with Eight Firms to Accelerate High-Voltage Grid Expansion Across Europe
(IN BRIEF) TenneT, a system operator, has signed a multi-year Corporate Framework Agreement with eight contract partners to supply and install onshore high-voltage AC cables (ranging from 110 kV to 380 kV) for high-voltage connections in Germany and the Netherlands. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, Netherlands, News
Tagged Europe, High-Voltage Grid Expansion, partnership, Sjouke Bootsma, Tennet
Windar Renovables to Manufacture 21 Transition Pieces for Iberdrola’s Windanker Offshore Wind Farm
(IN BRIEF) Windar Renovables has secured a contract with Iberdrola to manufacture 21 transition pieces for the Windanker offshore wind farm in German waters. The transition pieces will be produced at Windar Renovables’ Avilés facilities, with collaboration from Spanish suppliers. … Read the full press release
Yara, Bindewald & Gutting, and Harry-Brot Collaborate to Decarbonize German Cereal Cultivation with Green Fertilizers
(IN BRIEF) Yara Germany, the Bindewald & Gutting Milling Group, and Harry-Brot have formed a partnership to decarbonize cereal cultivation in Germany by using green fertilizers produced with renewable energy sources. Norwegian ammonia generated through hydropower will be processed into … Read the full press release
Iberdrola’s Alto Tâmega Hydroelectric Power Plant Nears Completion, Marking Milestone in Portugal’s Energy Landscape
(IN BRIEF) The Alto Tâmega Hydroelectric Power Plant construction is progressing well, with civil works almost complete and electromechanical assemblies set to finish by the end of 2023. Part of the Tâmega complex, Alto Tâmega has 160 MW capacity, being … Read the full press release