Search Results for: electricity

Nordic Investment Bank provides €134.4m loan to Energinet for Denmark’s power grid expansion

Posted on 22, April 2023 by

(IN BRIEF) Nordic Investment Bank (NIB) has agreed on a DKK 1 billion (EUR 134.4 million) loan agreement with Energinet, the Danish transmission system operator, to install 10 new substations and refurbish or upgrade 45 existing ones in Denmark between … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News

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Salzgitter and Iberdrola sign long-term green energy supply contract for low-carbon steelmaking

Posted on 22, April 2023 by

(IN BRIEF) Salzgitter Flachstahl GmbH, a subsidiary of the Salzgitter Group, has signed a long-term power supply contract with Spanish energy producer Iberdrola Deutschland. Under the power purchase agreement (PPA), Salzgitter Flachstahl has secured 114 MW of green electricity for … Read the full press release →

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

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TenneT signs contracts for Europe’s largest-ever tender award for energy transition infrastructure

Posted on 21, April 2023 by

(IN BRIEF) Transmission system operator TenneT, Hitachi Energy/Petrofac, and three consortium partnerships GE/Sembcorp (SMOP), GE/McDermott, and Siemens Energy/Dragados have signed contracts to seal Europe’s largest-ever tender award for energy transition infrastructure. The total volume of the contracts for the components … Read the full press release →

Posted in Business, Industrial, Infrastructure & Utilities, Management, Media, Netherlands, News

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Covestro Develops New Polycarbonate Resin with 90% Recycled Content

Posted on 19, April 2023 by

(IN BRIEF) Covestro, a leading supplier of high-performance polymer materials, has developed a new polycarbonate resin with 90% recycled content from post-consumer waste (PCR). The Makrolon® PCR polycarbonate resin has a carbon footprint 70% lower than a comparable fossil-based virgin … Read the full press release →

Posted in Chemicals, Environment, Germany, Industrial, Technology

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EBRD and Sparkasse Bank in North Macedonia increase funding for energy-saving measures

Posted on 18, April 2023 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Sparkasse Bank in North Macedonia have teamed up to provide additional funds to homeowners for energy-saving measures. Under the Green Economy Financing Facility (GEFF) programme for the Western Balkans, … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, Financial, Investment, North Macedonia

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ArcelorMittal Brazil partners with Casa dos Ventos for 554 MW wind power project in Bahia

Posted on 18, April 2023 by

(IN BRIEF) ArcelorMittal Brazil has partnered with renewable energy producer Casa dos Ventos to develop a 554 MW wind power project in Bahia, Brazil. ArcelorMittal will hold a 55% stake in the joint venture, with Casa dos Ventos holding the … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Metals and Minerals

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Audi CEO shares progress of sustainable Formula 1 project at Auto Shanghai

Posted on 18, April 2023 by

(IN BRIEF) Audi is presenting its Formula 1 project at the Auto Shanghai event in China for the first time. The brand’s CEO, Markus Duesmann, provided insight into the project’s current progress, which will see Audi compete in the FIA … Read the full press release →

Posted in Automotive, Germany, Marketing, Media, Sports

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Decathlon partners with SGS to accelerate green building certification across stores

Posted on 15, April 2023 by

(IN BRIEF) Global sports retailer Decathlon has partnered with testing company SGS to adopt the EDGE green building certification standard as part of its real estate sustainability strategy. EDGE, which has built-in baselines for each country worldwide, will help Decathlon … Read the full press release →

Posted in Business, Environment, Industrial, Management, News, Retail, Sports, Switzerland

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Amprion invests record 1.5 billion euros in grid expansion

Posted on 14, April 2023 by

(IN BRIEF) Amprion, the transmission system operator, invested a record amount of 1.5 billion euros in grid infrastructure expansion and conversion in the completed financial year. The company plans to invest around 22 billion euros in the transmission grid over … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Germany, Infrastructure & Utilities, Management, Media, News

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EDF announces new Executive VP of Human Resources: Caroline Chanavas

Posted on 14, April 2023 by

(IN BRIEF) Caroline Chanavas is set to join EDF as Executive Vice-President of Human Resources on April 17, 2023, to succeed Christophe Carval, who will retire in the coming months. Chanavas, who is currently the Executive Vice-President of Human Resources … Read the full press release →

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

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Scania and Kässbohrer team up for world’s first all-electric car transporter

Posted on 14, April 2023 by

(IN BRIEF) German logistics company ARS Altmann Automobillogistik has introduced the world’s first all-electric Scania standard car transporter. The 230 kWh-strong Scania P 25 battery-electric vehicle has been combined with a Kässbohrer body and trailer, enabling simple, safe, and quick … Read the full press release →

Posted in Automotive, Business, Industrial, Management, News, Sweden, Technology, Transportation & Logistics

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PNE AG to Expand Wind Farm Capacity to 207 Megawatts

Posted on 13, April 2023 by

(IN BRIEF) Renewable energy company PNE AG is expanding its wind farm portfolio to generate more electricity. Currently, wind farms with a capacity of 207 megawatts are in various stages of development across Germany and France, and are expected to … Read the full press release →

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

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Rheinmetall’s Castings Unit Secures Order for Hybrid Vehicle Engine Blocks

Posted on 13, April 2023 by

(IN BRIEF) Rheinmetall’s Materials and Trade division has secured an order from Shanghai Automotive Industry Corporation (SAIC) to produce over 500,000 engine blocks for a hybrid vehicle worth a figure in the mid-double-digit million-euro range. The Castings business unit of … Read the full press release →

Posted in Automotive, Business, Germany, Industrial, Management, News, Technology

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Energinet and NIB Sign Loan Agreement for Substation Refurbishment and Upgrades in Denmark

Posted on 13, April 2023 by

(IN BRIEF) The Nordic Investment Bank (NIB) has agreed to a 10-year loan agreement worth DKK 1 billion (EUR 134.4 million) with the Danish TSO Energinet to finance the installation of new substations and refurbishment or upgrade of existing substations … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Financial, Finland, Management, News

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Schneider Electric Unveils New Technologies and Software Solutions to Address Global Priorities at Hannover Messe 2023

Posted on 13, April 2023 by

(IN BRIEF) Schneider Electric will be showcasing new technologies and software solutions at Hannover Messe 2023, aimed at helping industries achieve energy security, resource efficiency, and sustainability. The innovations are based on the company’s IoT-enabled, open, interoperable architecture and platform, … Read the full press release →

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

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TotalEnergies to optimize portfolio with sale of Cray Valley’s product lines

Posted on 11, April 2023 by

(IN BRIEF) TotalEnergies has agreed to sell three product lines, including four production sites in the United States and the Cray Valley Italy affiliate, to Pacific Avenue Capital Partners. The product lines to be acquired are Wingtack, PolyBD, and Dymalink, … Read the full press release →

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

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Iberdrola Plans to Build Photovoltaic Panel Manufacturing Plant in Spain with European Funding

Posted on 6, April 2023 by

(IN BRIEF) Iberdrola has submitted a proposal for a photovoltaic panel manufacturing plant to the European Commission’s Innovation Fund. The plant will have a production capacity of 1.6 GW per year, equivalent to 3 million panels, and could cover a … Read the full press release →

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

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ENGIE and EDP Renewables joint venture invests €2.5bn in French offshore wind project

Posted on 6, April 2023 by

(IN BRIEF) Ocean Winds, a joint venture between ENGIE and EDP Renewables, has announced a €2.5 billion investment in the Îles d’Yeu and Noirmoutier offshore wind project off the coast of France. With a capacity of around 500 MW, the … Read the full press release →

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

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EBRD contributes to Uzbekistan’s renewable energy sector with $205m solar plant investment

Posted on 6, April 2023 by

(IN BRIEF) The EBRD is investing $205 million in the construction of three greenfield solar power plants in Uzbekistan. The financial package will be provided to Abu Dhabi Future Energy Company (Masdar), with expected co-financing from the Asian Development Bank, … Read the full press release →

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

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Paraguay to expand hydro complex with AFRY-led consortium’s rehabilitation of Acaray plant

Posted on 6, April 2023 by

(IN BRIEF) AFRY, in consortium with Latinoconsult S.A., has been awarded the planning and supervision of the rehabilitation and modernisation of the 200 MW Acaray hydropower plant by Paraguay’s state-owned power utility, ANDE. The project is part of ANDE’s 2021-2040 … Read the full press release →

Posted in Business, Energy, Gas & Oil, Management, News, Sweden

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DNV and industry partners collaborate on wind farm control technology for increased energy output

Posted on 5, April 2023 by

(IN BRIEF) DNV, the independent energy expert and assurance provider, has launched a joint industry project (JIP) alongside wind farm owners, turbine manufacturers, and other sector experts to increase confidence in innovative wind farm control (WFC) technology. The project covers … Read the full press release →

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

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EIB Grants First Green Loan to Water Sector Globally, with €150 Million to Iren

Posted on 4, April 2023 by

(IN BRIEF) The European Investment Bank (EIB) has granted €150 million in sustainability-linked financing to Iren, a major water service provider and multi-utility company in north-western Italy. The funding will be used to improve water services for one million people … Read the full press release →

Posted in Banks, Environment, European Union, Financial, Infrastructure & Utilities, Italy, Management

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Hera and Snam’s green hydrogen project in Modena secures €19.5m funding

Posted on 4, April 2023 by

(IN BRIEF) Italian energy companies Hera and Snam have secured €19.5m in funding from the Regional Council of Emilia Romagna for their joint green hydrogen project in Modena. The funds will be allocated as part of Italy’s National Recovery and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Infrastructure & Utilities, Italy, Management, News

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Terna secures €900m funding from EIB for Tyrrhenian Link submarine cable project

Posted on 31, March 2023 by

(IN BRIEF) Terna has signed agreements with the European Investment Bank for the second and third tranches of a €1.9bn loan for the Tyrrhenian Link, a submarine electricity cable connecting the Italian peninsula with Sicily and Sardinia. The contracts for … Read the full press release →

Posted in Banks, Business, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics

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Deutsche Telekom solution facilitates remote heat meter reading for Danpower and enercity contracting

Posted on 31, March 2023 by

(IN BRIEF) Danpower and enercity contracting, two German heat suppliers, are automating the reading and processing of meter data to optimize their heat generation and save CO2. They are using a solution from Deutsche Telekom, which involves gateways connected to … Read the full press release →

Posted in Business, Energy, Gas & Oil, Germany, Industrial, Management, News, Technology, Telecom

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Kuehne+Nagel atteint une électricité 100% renouvelable dans ses entrepôts de logistique contractuelle mondiale

Posted on 31, March 2023 by

(ACTUALITÉ EN BREF) Kuehne+Nagel a publié son septième rapport de développement durable, détaillant les performances ESG du Groupe en 2022 et son engagement en faveur de pratiques durables. Parmi les faits saillants, l’entreprise a investi dans les biocarburants maritimes et … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Management, Switzerland, Transportation & Logistics

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TenneT to build 40 GW of offshore wind energy to fulfill North Sea Energy Summit’s target

Posted on 31, March 2023 by

(IN BRIEF) Transmission System Operator (TSO) TenneT has collaborated with Hitachi Energy, Petrofac, GE/SMOP and GE/McDermott to develop a new global market standard for 2 GW HVDC systems, a crucial component of TenneT’s innovative 2GW Program. This program consists of … Read the full press release →

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

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Vattenfall reste attaché aux objectifs climatiques malgré la forte augmentation des prix de l’électricité

Posted on 29, March 2023 by

(ACTUALITÉ EN BREF) Vattenfall, une entreprise énergétique de premier plan, a connu une année difficile en 2022 en raison de la guerre en Ukraine, qui a entraîné une augmentation significative des prix de l’électricité dans toute l’Europe. Malgré cela, Vattenfall … Read the full press release →

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

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EPH-Owned Leipheim Power Plant Connects to Grid, Designed to Switch to Hydrogen

Posted on 29, March 2023 by

(IN BRIEF) The Leipheim power plant, located near Ulm in Germany, has achieved a significant milestone by connecting to the grid for the first time after the successful ignition of a gas turbine. The project, managed by LEAG and owned … Read the full press release →

Posted in Czech Republic, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities

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SSAB’s Revolutionary Steel: A Game-Changer for the Industry’s Green Transition

Posted on 29, March 2023 by

(IN BRIEF) Steel manufacturer SSAB has unveiled SSAB Zero, a fossil carbon emission-free steel that’s made with fossil-free energy and recycled steel. The first commercial steel of its kind, it will be available in Q2 2023. The launch of SSAB … Read the full press release →

Posted in Business, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Sweden, Technology

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Germany Invests €39 Million in Hydrogen-based Chemical Research in Southeastern Bavaria

Posted on 29, March 2023 by

(IN BRIEF) The German Federal Ministry of Education and Research (BMBF) has announced funding of approximately 39 million euros for the “Alliance Project H2 Living Laboratory Burghausen”, which will focus on the use of hydrogen as an energy source and … Read the full press release →

Posted in Business, Chemicals, Education, Environment, Germany, Industrial, Investment, Management, News, Science, Technology

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Portuguesa REN vai modernizar e expandir rede de transporte de eletricidade com empréstimo do BEI de 450 milhões de euros

Posted on 24, March 2023 by

(NOTÍCIA EM BREVE) O Banco Europeu de Investimento (BEI) concedeu um empréstimo de 450 milhões de euros à Redes Energéticas Nacionais SGPS, S.A. (REN) para financiar a modernização e reforço da rede portuguesa de transporte de eletricidade e ligações de … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Portugal

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Evonik expands production of gas separation membranes to meet demand for sustainable energy solutions

Posted on 24, March 2023 by

(IN BRIEF) Specialty chemicals company Evonik has started up a new hollow-fibre spinning plant for the production of gas separation membranes in Austria. The new production capacity will meet the high demand for SEPURAN membranes in applications such as biogas, … Read the full press release →

Posted in Austria, Chemicals, Environment, Management, News, Technology

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EnBW Secures €600 Million Loan from EIB for He Dreiht Wind Farm

Posted on 23, March 2023 by

(IN BRIEF) EnBW, a German utility, will receive a €600 million loan from the European Investment Bank (EIB) to support the construction of the He Dreiht wind farm in the North Sea. The wind farm will consist of 64 turbines … Read the full press release →

Posted in Banks, Energy, Gas & Oil, European Union, Financial, Germany, Industrial, Infrastructure & Utilities

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EU Sets 80% Reduction Target for Maritime Emissions by 2050

Posted on 23, March 2023 by

(IN BRIEF) The European Parliament and Council have agreed to a plan to reduce maritime emissions and help the EU achieve its climate neutrality target. The plan includes the establishment of a fuel standard for ships to promote renewable and … Read the full press release →

Posted in Energy, Gas & Oil, Environment, European Union, France, Industrial

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Outokumpu and Fortum Join Forces to Explore Sustainable Nuclear Technologies for Steel Manufacturing

Posted on 23, March 2023 by

(IN BRIEF) Fortum, a leading Nordic clean energy company, and Outokumpu, the global leader in sustainable stainless steel, have signed a Memorandum of Understanding (MoU) to explore the decarbonisation of Outokumpu’s steel manufacturing operations with emerging nuclear technologies, such as … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Metals and Minerals, Technology

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Fortum and Outokumpu Join Forces to Decarbonize Steel Manufacturing with SMR Technology

Posted on 23, March 2023 by

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Fortum, a top Nordic clean energy company, have signed an agreement to explore the decarbonization of Outokumpu’s steel manufacturing operations using Small Modular Reactors (SMR), a new nuclear technology. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Metals and Minerals

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Voestalpine moves ahead with €1.5bn investment in low-emissions steel production

Posted on 23, March 2023 by

(IN BRIEF) Austrian steel company, voestalpine, is set to invest around 1.5 billion euros to construct one electric arc furnace at each of its two sites in Linz and Donawitz. The furnaces are part of the company’s “greentec steel” plan … Read the full press release →

Posted in Austria, Business, Environment, Industrial, Investment, Management, Metals and Minerals, News, Technology

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Swedfund invests $30 million in Mirova Gigaton Fund to accelerate clean energy transition in emerging markets

Posted on 22, March 2023 by

(IN BRIEF) Swedfund, a Swedish development finance institution, invested USD 30 million in the Mirova Gigaton Fund on March 1. The Mirova Gigaton Fund, launched by Mirova, a Natixis affiliate, aims to provide debt financing to clean energy projects in … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Sweden

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TotalEnergies updates climate ambition in 2023 Progress Report

Posted on 22, March 2023 by

(IN BRIEF) TotalEnergies has released its Sustainability & Climate – 2023 Progress Report, which highlights the company’s transformation strategy and its updated climate ambition. The report reveals that TotalEnergies was the most profitable major among the five super-majors in 2022, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Management, News, United Kingdom

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