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Search Results for: energy transition
EIB Launches €5 Billion Initiative to Boost Wind Energy Sector with Deutsche Bank Partnership
(IN BRIEF) The European Investment Bank (EIB) has initiated a €5 billion program to support the wind energy sector, starting with a €500 million counter-guarantee to Deutsche Bank. This will enable Deutsche Bank to issue up to €1 billion in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alexander von zur Muehlen, Deutsche Bank, EIB, Germany, Maroš Šefčovič, Nicola Beer, partnership, sustainability, wind energy
GreenPowerMonitor Unveils Advanced Energy Management System to Boost Renewable Power Plant Efficiency
(IN BRIEF) GreenPowerMonitor (GPM), a DNV company, has launched an advanced Energy Management System (EMS) designed to enhance the operational efficiency of renewable power plants. The new EMS supports the significant growth in renewable energy capacity, which saw a 50% … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, News, Norway, Spain, Technology
Tagged DNV, GreenPowerMonitor Energy Management System, Juan Carlos Arévalo, partnership, Renewable Power Plant, Spain, sustainability
EIB and Prysmian Join Forces to Enhance Europe’s Energy Infrastructure
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
ANDRITZ Selected for FEED of Major Carbon Capture Unit at Westenergy’s Waste-to-Energy Plant in Finland
(IN BRIEF) ANDRITZ has been selected to perform the front-end engineering design (FEED) for a large-scale carbon capture unit at Westenergy’s waste-to-energy plant in Finland. The project, ordered by ECCU Ltd, aims to capture all CO2 emissions from the plant’s … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, FEED of Major Carbon Capture Unit, Finland, Harald Reissner, Olli Alhoniemi, partnership, sustainability, waste-to-energy plant, Westenergy
Stadtwerke Stuttgart’s New Headquarters Sets Benchmark for Smart, Sustainable Urban Energy Solutions
(IN BRIEF) Siemens Smart Infrastructure and Stadtwerke Stuttgart GmbH have partnered to promote sustainable urban energy in Stuttgart. The newly inaugurated Stadtwerke Stuttgart headquarters showcases advanced building and energy management systems using Siemens Xcelerator applications. These systems connect buildings and … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Germany, Infrastructure & Utilities, News, Switzerland, Technology
Tagged AI, building management systems, Carsten Koch, climate neutral targets, digital platform, digital twin technology, electric vehicles, energy efficiency, energy management systems, energy savings, hydrogen production facility, Internet of Things, IoT sensors, lighthouse project, Matthias Rebellius, mobility hub, Peter Drausnigg, renewable energy generation, renewable energy sources, Siemens, Siemens Xcelerator, Simon Pfau, smart building management, Stadtwerke Stuttgart, sustainability goals, sustainable infrastructure, sustainable urban transformation, Thomas Fuhrmann
Rolls-Royce to Deliver Major Battery Storage System for Dutch Energy Project
(IN BRIEF) Rolls-Royce Power Systems has been awarded a contract by Battery Park Zeewolde (BPZ) to supply a large-scale battery storage system in Zeewolde, Netherlands. The system, featuring a capacity of 32.6 MW and 65.2 MWh, will support energy trading … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, United Kingdom
Tagged Andreas Görtz, Battery Park Zeewolde (BPZ), battery storage system, energy project, Netherlands, Rolls-Royce, Sjoerd Sieburgh, Zeewolde
Edison and Webuild Collaborate on Major Pumped Hydroelectric Projects to Enhance Italy’s Energy Security and Economic Development
(IN BRIEF) Edison and Webuild have joined forces to develop pumped hydroelectric projects in Southern Italy, focusing on sites in Pescopagano and Villarosa. These projects aim to generate 500 MW of pumped energy by 2030, supporting Italy’s energy security and … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged economic development, Edison, energy security, Italy, Mr. Nicola Monti, Mr. Pietro Salini, partnership, Pumped Hydroelectric Projects, sustainability, Webuild
Germany’s Urban Heat Transition: E.ON Maps Path to Climate Neutrality
(IN BRIEF) Germany aims for climate neutrality by 2045, focusing on transforming heating systems in major cities like Berlin, Hamburg, Munich, and Cologne. E.ON’s latest data highlights the prevalence of district heating and the adoption of heat pumps, alongside challenges … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities
Tagged 2045 goal, Berlin, buildings, climate neutrality, CO2 emissions, CO2 reduction, Cologne, decarbonization, digital energy management systems, digital tools, district heating, E.ON, E.ON heat map, energy efficiency, energy solutions, financial benefits, fossil fuel heating systems, gas, German government, Germany, Hamburg, heat pumps, heat transition, heating plans, heating technologies, local authorities, major cities, Marc Spieker, Munich, oil, primary energy consumption, private homeowners, renovation, renovation rates, RWTH Aachen University, sustainability, sustainable heating plans., transparency, urban centers
Siemens and Boson Energy Partner to Transform Non-Recyclable Waste into Green Hydrogen
(IN BRIEF) Siemens AG and Boson Energy have signed a Memorandum of Understanding to collaborate on converting non-recyclable waste into clean hydrogen energy. Utilizing Siemens’ advanced technology and consultancy services, including automation and digitalization from the Siemens Xcelerator portfolio, the … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Switzerland, Technology
Tagged ACHEMA Fair, automation, Axel Lorenz, Boson Energy, circular economy, clean energy, CO₂ reduction, digital services, digitalization, distributed production, electric vehicle charging, electrification, fast charging, fossil fuels, Frankfurt, Germany, global carbon footprint, green energy transition, grid stability, HPAG, Hydrogen by Plasma Assisted Gasification, hydrogen-powered, Jan Grimbrandt, local energy security, non-recyclable waste, Poland, scalable solutions, Siemens, Siemens Xcelerator portfolio, standardization, sustainable hydrogen
Lightsource bp Harnesses AI to Revolutionize Renewable Energy Solutions
(IN BRIEF) AI is crucial in scaling up the renewable energy industry, with Lightsource bp leveraging AI to address challenges like grid stability and asset protection. AI supports accurate forecasting, risk mitigation from extreme weather, and optimized site design. Lightsource … Read the full press release
EIB and Cepsa Partner on €285 Million Biofuels Plant to Boost Energy Security and Decarbonisation
(IN BRIEF) The European Investment Bank (EIB) has allocated a €285 million loan to Cepsa for the development of an advanced biofuels plant in Andalusia, Spain, adjacent to the La Rábida Energy Park. In partnership with Bio-Oils, the facility will … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged Biofuels Plant, CEPSA, decarbonisation, EIB, energy security, Maarten Wetselaar, partnership, SAF, Spain, sustainability
Centrica Launches Energised Futures to Simplify and Affordable Energy for Consumers
(IN BRIEF) Centrica has introduced Energised Futures, a new start-up venture aimed at simplifying and reducing the cost of energy for consumers. The venture will combine research, innovation, and development expertise from various Centrica brands, including British Gas and Hive, … Read the full press release
Vattenfall Champions Gender Equality at French Ministry’s Energy and Ecology Event
(IN BRIEF) Vattenfall recently participated in a Paris event hosted by French Minister Christophe Béchu, focusing on improving women’s access to careers in energy and ecology transition. Through their partnership with Marie Claire’s “Act for Equality,” Vattenfall highlighted their commitment … Read the full press release
Shell to Enhance LNG Leadership with Pavilion Energy Acquisition from Temasek Subsidiary
(IN BRIEF) Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a subsidiary of Temasek. This acquisition includes Pavilion Energy’s global LNG trading business, which handles … Read the full press release
Capgemini and Equigy Partner to Transform Europe’s Energy Grid with New Crowd Balancing Platform
(IN BRIEF) Capgemini has entered into a long-term agreement with Equigy, a collaborative platform of European Transmission Systems Operators (TSOs), to develop a Crowd Balancing Platform (CBP). This platform aims to optimize the management of electricity supply and demand across … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Capgemini, Crowd Balancing Platform, energy grid, Equigy, Europe, James Forrest, Martin van ‘t Verlaat, partnership, sustainability
Dispatch, Eneco Collaborate on Groundbreaking Battery Energy Storage System for Renewable Energy in Dordrecht, Netherlands
(IN BRIEF) Dutch battery developer Dispatch is embarking on a groundbreaking project to construct the Netherlands’ largest stand-alone Battery Energy Storage System (BESS) in Dordrecht. This 45MW/90MWh utility-scale BESS aims to store surplus energy from renewable sources for grid stabilization, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology
Tagged ABN Amro, Battery Energy Storage System (BESS), Dispatch, Dordrecht, Eneco, EPICo², Macquarie Capital, Netherlands, partnership, renewable energy, sustainability
Unlocking the Potential: DNV Highlights Industry Collaboration for UK Energy Digital Twins
(IN BRIEF) DNV’s latest research report underscores the critical role of collaboration and trust in harnessing digital twins to drive the UK’s energy transition. Titled Connected Digital Twin Insights: Rising to the Challenge across the UK Energy Sector and Beyond, … Read the full press release
EIF Leads €100 Million Pledge to RIVE Infrastructure Impact Fund in Green Transition Push
(IN BRIEF) The European Investment Fund (EIF) has pledged €100 million to the RIVE Infrastructure Impact Fund (RIIF), marking a significant commitment to the energy transition in Europe. Managed by RIVE Private Investment, RIIF focuses exclusively on supporting SMEs across … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Small Business
Tagged EIF, Marjut Falkstedt, partnership, Pierre du Passage, RIVE Infrastructure, SMEs, sustainability
MCFA’s Partnership with ENGIE Energy Access Mozambique to Propel Sustainable Cooking Solutions in Mozambique
(IN BRIEF) The Modern Cooking Facility for Africa (MCFA) has joined forces with ENGIE Energy Access Mozambique to advance clean cooking solutions in Mozambique, backed by EUR 1.3 million in funding. Through ENGIE’s subsidiary in Mozambique, innovative biodigester technology will … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Technology
Tagged Africa, Alexandra Links, biodigester technology, Cooking Solutions, ENGIE Energy Access Mozambique, Kari Hämekoski, Modern Cooking Facility for Africa (MCFA), Mozambique, NEFCO, partnership, Sistema.bio, sustainability
Chile’s Renewable Energy Boost: PowerTree Selects AFRY for Solar Portfolio Engineering
(IN BRIEF) PowerTree, a global renewable energy company, has partnered with AFRY to construct a 45MW solar portfolio in Chile, aiming to integrate clean energy into the national grid. As an Independent Power Producer (IPP), PowerTree specializes in solar development … Read the full press release
ANDRITZ Plays Key Role in Expanding Türkiye’s Renewable Energy Infrastructure with Silvan Hydropower Plant
(IN BRIEF) The Turkish water authority, Devlet Su İşleri (DSI), has chosen international technology group ANDRITZ to provide electro-mechanical equipment for the new 160 MW Silvan hydropower plant in Türkiye. ANDRITZ will supply turbines, generators, and associated equipment for the … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey
Tagged Andritz, Devlet Su İşleri (DSI), Frank Mette, partnership, Renewable Energy Infrastructure, Silvan Hydropower Plant, sustainability, Turkey
DNV and PETRONAS Collaborate to Drive Sustainability in Malaysia’s Energy Sector
(IN BRIEF) DNV and PETRONAS CCS Ventures have solidified their collaboration with the signing of a Master Price Agreement aimed at certifying carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia. Building … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Brice Le Gallo, carbon capture and storage (CCS), DNV, Emry Hisham Yusoff, energy sector, Malaysia, partnership, PETRONAS, sustainability
Utility Revolution: EDF Transitions Five Million Meter Points with Accenture-Kraken Alliance
(IN BRIEF) Accenture and Kraken Technologies have joined forces to assist EDF’s UK retail business in transitioning over five million meter points onto Kraken’s platform, enhancing energy management capabilities. This collaboration, leveraging advanced analytics and AI, aims to streamline operations … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Management, News, Technology, United Kingdom
Tagged Accenture, AI, EDF Transitions, Gavin Patterson, Kraken, partnership, Richard Hughes, Scott Tinkler, sustainability, UK, utility
DNV Assists SN Aboitiz Power Group in Pioneering Battery Energy Storage System at Magat Hydroelectric Plant
(IN BRIEF) DNV, a renowned energy expert and assurance provider, has collaborated with SN Aboitiz Power Group (SNAP) in the development of a groundbreaking Battery Energy Storage System (BESS) co-located with the Magat Hydroelectric Power Plant in the Philippines. The … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Battery Energy Storage System, Brice Le Gallo, DNV, Magat Hydroelectric Plant, partnership, PHILIPPINES, SN Aboitiz Power Group (SNAP), sustainability
Schneider Electric Unveils Villaya Flex Microgrid Solution at ARE Energy Access Investment Forum 2024
(IN BRIEF) Schneider Electric, a leader in energy management and automation, debuted its latest innovation, the Villaya Flex microgrid solution, at the Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2024 in Lagos, Nigeria. With over 756 million people … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology
Tagged Albert Fuchet, Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2024, Bala Vinayagam, Schneider Electric, Villaya Flex Microgrid Solution
BT Group Updates Timeline for Transitioning Customers to Digital Landlines, Prioritizing Safety and Vulnerable Users
(IN BRIEF) BT Group has revised its timetable for transitioning all customers from the Public Switched Telephone Network (PSTN) to digital landlines, aiming to enhance safety and support vulnerable users during the process. This initiative, in collaboration with partners and … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology, Telecom, United Kingdom
Tagged BT Group, Digital Landlines, Howard Watson, safety, transition
Lazio Region and Terna Forge Partnership to Enhance Electricity Infrastructure and Renewable Energy Development
(IN BRIEF) The Lazio Region and Terna, led by Giuseppina Di Foggia, have signed a memorandum of understanding aimed at improving the planning and implementation of new electricity infrastructure while aligning with Italy’s regional environmental energy plan. The agreement involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged electricity infrastructure, Elena Palazzo, Enrico Maria Carlini, Giuseppina Di Foggia, Lazio Region, partnership, renewable energy, sustainability, Terna
Qatar Free Zones Authority and Evonik Join Forces for Sustainable Energy Solutions
(IN BRIEF) Qatar Free Zones Authority (QFZ) and Evonik, a leading specialty chemicals company, have signed a Memorandum of Understanding (MoU) at the Qatar Economic Forum to explore investment opportunities focused on sustainable energy transition solutions. The agreement aims to … Read the full press release
Energinet Partners with Siemens Energy to Accelerate Green Grid Expansion in Western Denmark
(IN BRIEF) Energinet, Denmark’s National Electricity Transmission System Operator, has awarded Siemens Energy a comprehensive contract to expand the power grid in Western Denmark over the next eight years. With plans to construct approximately 50 new or reinforced 150 kV … Read the full press release
Siemens Energy and Energinet Forge EUR 1.4 Billion Pact to Revamp Denmark’s Energy Grid
(IN BRIEF) Siemens Energy and Energinet, Denmark’s state-owned energy company, have entered a landmark EUR 1.4 billion framework agreement to modernize the country’s energy infrastructure. The deal focuses on expanding the electricity grid in Western Denmark through the construction of … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Denmark, Energinet, energy grid, Henrik Riis, partnership, Siemens, Siemens Energy, sustainability, Tim Holt
EDF Pioneers Green Commercial Paper Issuance, Targets Renewable Energy Investments
(IN BRIEF) On May 14, 2024, EDF achieved a significant milestone by launching its inaugural green commercial paper issuance, valued at €50 million with a 6-month maturity, successfully subscribed by Ecofi. The funds from this issuance are earmarked to support … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Investment, Management, News
Tagged Commercial Paper Issuance, EDF, investments, renewable energy, sustainability
ABB Ventures into AI-powered Energy Management with Ndustrial Investment
(IN BRIEF) ABB has announced a minority investment in Ndustrial, a US-based clean technology startup renowned for its AI-powered energy management platform. This strategic move aims to empower customers with real-time energy optimization, cost reduction, and accelerated decarbonization. Ndustrial’s innovative … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Switzerland, Technology
Tagged ABB, AI-powered, Energy management, investment, John Crawford, Mads Moeller, Ndustrial, partnership, Stuart Thompson, sustainability, USA
REPowerEU Marks Second Anniversary with New Wind Energy Initiatives
(IN BRIEF) Today marks the second anniversary of REPowerEU, the European Union’s response to Russia’s energy threat following the invasion of Ukraine. REPowerEU has significantly accelerated the deployment of wind energy across Europe, increasing its share in the electricity mix … Read the full press release
Baltic Eagle Offshore Wind Farm Begins Installation, Targets 475,000 Homes with Renewable Energy by 2024
(IN BRIEF) The Baltic Eagle offshore wind farm, a joint venture between Iberdrola and Masdar, has installed its first turbine, marking the beginning of the final phase of construction. This 476 MW project is set to be fully operational by … Read the full press release
Posted in Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Baltic Eagle, Baltic Eagle wind farm, Blue Tern, clean energy, Felipe Montero, Fred. Olsen Windcarrier, Husain Al Meer, Iberdrola, Masdar, Nils de Baar, renewable energy, turbine, Vestas, Wikinger, wind turbines, Windanker
TotalEnergies and SINOPEC Sign Strategic Agreement to Boost Low-Carbon Energy Initiatives
(IN BRIEF) During a state visit to France by the President of China, TotalEnergies and SINOPEC, represented by their respective leaders Patrick Pouyanné and Ma Yongsheng, signed a strategic cooperation agreement to enhance their collaboration in low-carbon energies. Building on … Read the full press release
EIB Report Highlights Financial Sector’s Role in CESEE’s Green Transition
(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled “Greening the financial sector: A Central, Eastern and South-Eastern European perspective.” The report underscores the pivotal role of the financial sector in … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Ambroise Fayolle, Austria, CESEE, Debora Revoltella, EIB, Financial, green transition, partnership, SMEs, sustainability