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Search Results for: electricity
voestalpine Issues First Green Bond in European Steel Sector, Raising €500 Million for Sustainable Projects
(IN BRIEF) voestalpine, a leading international steel and technology group, has successfully issued its first green corporate bond, raising EUR 500 million. The five-year bond, which offers a coupon of 3.75%, was met with high investor demand and will be … Read the full press release
Vattenfall Names Johan Dasht as New Head of Hydro and Nuclear Power Operations
(IN BRIEF) Vattenfall has announced the appointment of Johan Dasht as the new Senior Vice President of its Business Area Generation, which focuses on hydro and nuclear power operations. Dasht, who currently heads Vattenfall’s hydro operations in the Nordics, will … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Sweden
Tagged Anna Borg, appointment, Head of Hydro, Johan Dasht, leadership, Nuclear Power Operations, Torbjörn Wahlborg, Vattenfall
Vattenfall Names Johan Dasht as New Senior Vice President for Business Area Generation
(IN BRIEF) Vattenfall has appointed Johan Dasht as the new Senior Vice President of its Business Area Generation, effective November 1. Dasht, currently leading the company’s hydro operations in the Nordics, will oversee Vattenfall’s hydro and nuclear power divisions. He … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Sweden
Tagged Anna Borg, appointment, Business Area Generation, Johan Dasht, leadership, Senior Vice President, Torbjörn Wahlborg, Vattenfall
Energiekontor and Salzgitter Flachstahl Sign Pioneering Power Purchase Agreements for Solar Energy in Germany
(IN BRIEF) Energiekontor AG and Salzgitter Flachstahl GmbH have signed long-term power purchase agreements (PPAs) for two solar park projects in Mecklenburg-Western Pomerania. Energiekontor will supply Salzgitter with over 120 gigawatt-hours of green electricity annually, aiming to cut CO2 emissions … Read the full press release
wpd Highlights Global Growth and Wind Energy Expansion at WindEnergy 2024
(IN BRIEF) wpd will showcase its ongoing growth and future plans at WindEnergy 2024 in Hamburg from September 24 to 27. The company, a leader in wind farm development, operates in 31 countries and has a project pipeline exceeding 19 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News
Tagged Björn Nullmeyer, partnership, sustainability, wind energy, WindEnergy 2024, WPD
AFRY’s Fossil Detox Report Outlines Key Steps for Accelerating the Global Transition from Fossil Fuels
(IN BRIEF) AFRY’s newly released Fossil Detox Report, unveiled during New York Climate Week, highlights the urgent need for a global transition away from fossil fuels. The report identifies critical technologies like smart grids, energy storage solutions, and carbon capture, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, Fossil Detox, fossil fuels, Jonas Gustavsson, sustaianbility, transition
TotalEnergies Announces Production Start at Fenix Offshore Gas Field in Argentina
(IN BRIEF) TotalEnergies has commenced production at the Fenix gas field, located off the coast of Tierra del Fuego in Southern Argentina. Part of the Cuenca Marina Austral 1 concession, the field has a production capacity of 10 million cubic … Read the full press release
TotalEnergies Extends LNG Supply Agreement with CNOOC, Strengthening Chinese Market Position Until 2034
(IN BRIEF) TotalEnergies has extended its sales and purchase agreement with China’s CNOOC for an additional five years, committing to supply 1.25 million tons of liquefied natural gas (LNG) per year until 2034. This move enhances TotalEnergies’ long-term presence in … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing
Tagged CHINA, CNOOC, Gregory Joffroy, LNG Supply, partnership, sustainability, TotalEnergies
SSAB Partners with Trelleborg to Supply Fossil-Free Steel for Noise-Reducing Brake Pads in Electric Vehicles
(IN BRIEF) SSAB has entered into an agreement with Trelleborg Sealing Solutions Kalmar AB to supply fossil-free steel for the production of brake pad shims, crucial in reducing noise, especially in electric vehicles. This partnership responds to the increasing demand … Read the full press release
Posted in Automotive, Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged anti-squeal plates, electric vehicles, fossil-free steel, Noise-Reducing Brake Pads, partnership, SSAB, Stefan Lundström, sustainability, Trelleborg
AFRY and Aurecon Team Up for Queensland’s Borumba Pumped Hydro Energy Storage Project
(IN BRIEF) AFRY and Aurecon have partnered to design the Borumba Pumped Hydro Energy Storage project in Queensland, Australia. Awarded by Queensland Hydro, the project will provide 2,000 MW of electricity for 24 hours with a storage capacity of 48,000 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, Aurecon, Australia, Borumba Pumped Hydro Energy Storage Project, Kieran Cusack, Knut Sierotzki, partnership, Paul Gleeson, Queensland, sustainability
Å Energi Secures NOK 1 Billion Loan from NIB for Power Grid Expansion in Southern Norway
(IN BRIEF) Å Energi has partnered with the Nordic Investment Bank (NIB) to secure a NOK 1 billion loan aimed at upgrading and expanding the electricity grid in Southern Norway’s Agder and Buskerud counties. The 10-year loan will finance 22 … Read the full press release
Evonik Leverages Electrodialysis to Boost Sustainability and Resource Efficiency in Chemical Industry
(IN BRIEF) Evonik is advancing its green transformation by expanding the use of electrodialysis, a process that converts salts from chemical processes into valuable raw materials like caustic soda and sulfuric acid. This technology aims to reduce energy consumption, raw … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, News, Science, Technology
Tagged caustic soda, Chemical Industry, Electrodialysis, Evonik, salt, sulfuric acid, sustainability
€97 Million Investment to Boost Sicily’s Renewable Energy with New Wind Farm
(IN BRIEF) The European Investment Bank (EIB) and Natixis CIB are providing €97 million in financing to Libeccio S.r.l. for a new wind farm in Mazara del Vallo, Sicily. With a capacity of 44.8 MW, the wind farm will provide … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alessandro Izzo, EIB, investment, Natixis CIB, partnership, renewable energy, Sicily, sustainability, wind farm
EIB and ESB Partnership Drives Success of Ireland’s Smart Metering Programme
(IN BRIEF) EIB Vice President Ioannis Tsakiris praised the collaboration between the European Investment Bank (EIB) and ESB in supporting Ireland’s National Smart Metering Programme. Backed by €450 million in EIB funding, the initiative aims to help 2 million Irish … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Luxembourg, Management, News, Technology
Tagged EIB, ESB, Ioannis Tsakiris, Ireland, Paul Stapleton, Smart Metering Programme
Boliden Delays Odda Zinc Smelter Expansion, Increases Project Costs by €100 Million
(IN BRIEF) Boliden has announced a delay in its Odda zinc smelter expansion project, pushing the ramp-up of production from 200 to 350 ktonnes to the end of Q1 2025 due to construction delays at the roasting facility. This setback … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged Boliden, Håkan Gabrielsson, Mikael Staffas, Norway, Odda Zinc Smelter, partnership, sustainability
Ireland and EIB Collaborate to Advance Offshore Wind Port Infrastructure
(IN BRIEF) The Irish Department of Transport and the European Investment Bank (EIB) have announced a partnership to develop port infrastructure critical for supporting offshore wind projects in Irish waters. The collaboration, led by Minister Eamon Ryan and EIB Vice … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Luxembourg, Management, News, Technology
Tagged EIB, infrastructure, Ioannis Tsakiris, Ireland, Minister Eamon Ryan, Offshore Wind Port, partnership, sustainability
WACKER Successfully Captures CO2 from Silicon Production Process in Groundbreaking Pilot
(IN BRIEF) WACKER has successfully tested a CO2 capture process at its Holla, Norway, site, achieving a 95% capture rate of emissions from silicon production. Using technology from SLB-ACC JV, the pilot marks a major step toward climate-neutral silicon manufacturing. … Read the full press release
EIB Funds New Wind Farm in Lower Austria to Power 40,000 Homes with Clean Energy
(IN BRIEF) The European Investment Bank (EIB) has provided €20.1 million to WEB Windenergie AG (W.E.B) for the construction of a new wind farm in Spannberg, Lower Austria. The project’s first phase will build four wind turbines, with plans to … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged (WEB) Windenergie AG, Austria, clean energy, EIB, partnership, sustainabilty, Thomas Östros, wind farm
DB Schenker, Trailer Dynamics, and CATL Collaborate on Battery Swapping Technology for Electric Trailers in Europe
(IN BRIEF) DB Schenker, Trailer Dynamics, and CATL have partnered to explore the feasibility of Battery Swapping Technology (BST) for electric trailers in Europe. The project aims to reduce vehicle downtime and enhance efficiency with battery swaps taking just five … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged (CATL) Contemporary Amperex Technology Co., Battery Swapping Technology (BST), DB Schenker, Electric Trailers, Europe, Limited, partnership, sustainability, Trailer Dynamics
Encavis Secures €61 Million Project Financing for 114 MW Borrentin Solar Park, Supporting Germany’s Energy Transition
(IN BRIEF) Encavis AG has secured €61 million in project financing for its 114 MW Borrentin solar park in Germany. The financing was provided by Bayerische Landesbank and will help complete the solar park by the end of September 2024. … Read the full press release
Vodafone Germany to Expand Solar Energy Use Across Network Sites, Aiming for CO2e Neutrality by 2025
(IN BRIEF) Vodafone Germany is launching an initiative to install solar panels at its mobile phone towers and regional data centers, aiming to achieve CO2e neutrality by 2025. The project will begin with 86 sites and expand to 200 by … Read the full press release
Innovative SolarFarmer Software Promises Enhanced Accuracy and Scalability for Solar Projects
(IN BRIEF) DNV has introduced SolarFarmer, a cutting-edge software designed to revolutionize solar project evaluations in the U.S. By completing six major due diligence projects totaling 1,195 MW, SolarFarmer has proven its ability to handle the expected surge in solar … Read the full press release
AFRY Partners in Revamping Sweden’s Historic Untra Hydropower Plant
(IN BRIEF) AFRY is collaborating with Fortum to modernize the Untra hydropower plant in Sweden, which has been in operation for over 100 years. The project involves replacing three of the plant’s five generators, which will increase its output from … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged AFRY, Finland, Fortum, Miriam Mesquine, partnership, sustainability, Sweden, Untra Hydropower Plant
Strategic Expansion in Data Centre Consulting: i3 Solutions Group Joins Forces with Ramboll
(IN BRIEF) Ramboll has acquired i3 Solutions Group, a UK and Singapore-based data centre consulting firm, strengthening its global presence in data centre consulting. This acquisition, following Ramboll’s 2022 purchase of EYP Mission Critical Facilities, expands its expertise in strategy, … Read the full press release
Vattenfall Wins UK Contracts to Boost Renewable Energy with 100 MW Wind and Solar Projects
(IN BRIEF) On September 4, 2024, Vattenfall announced it has secured Contracts for Difference (CfD) for two significant renewable energy projects in the UK. The Clashindarroch II onshore wind farm and the Kemberton solar farm will collectively add 100 MW … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, United Kingdom
Tagged Clashindarroch II onshore wind farm, Contracts for Difference (CfD), Frank Elsworth, Kemberton solar farm, partnership, renewable energy, sustainability, UK, Vattenfall, Wind and Solar Projects
Hyogo Pulp Industries Upgrades Sustainability and Efficiency with ANDRITZ’s Advanced DD-Washer Technology
(IN BRIEF) Hyogo Pulp Industries has launched a new drum displacer washer, the DD-Washer, at its Tanigawa pulp mill with technology provided by ANDRITZ. This upgrade is part of the company’s efforts to enhance production efficiency and sustainability. The new … Read the full press release
Evonik Switches to 100% Renewable Energy for ROHACELL® Foam Production, Cutting 3,400 Tons of CO2 Annually
(IN BRIEF) Evonik has upgraded the production of its ROHACELL® high-performance foams at the Darmstadt site to use 100% renewable energy. This transition is expected to reduce the company’s CO2 emissions by 3,400 metric tons annually. The move is part … Read the full press release
Ørsted Secures Key Contracts for World’s Largest Offshore Wind Projects in UK Energy Auction
(IN BRIEF) Ørsted has secured Contracts for Difference (CfDs) from the UK Department for Energy Security and Net Zero for significant portions of its Hornsea 3 and Hornsea 4 offshore wind farms. Hornsea 3, set to become the world’s largest … Read the full press release
Škoda Auto’s Kvasiny and Vrchlabí Plants Mark Decades of Innovation and Sustainable Growth
(IN BRIEF) Škoda Auto is celebrating major anniversaries for its Kvasiny and Vrchlabí plants, marking 90 and 160 years of operation, respectively. The Vrchlabí plant, originally a carriage manufacturer, has evolved into a cutting-edge facility producing automatic transmissions, achieving carbon … Read the full press release
TotalEnergies Commits $100 Million to U.S. Sustainable Forestry and Carbon Sequestration Initiatives
(IN BRIEF) TotalEnergies has invested $100 million in a partnership with Anew Climate and Aurora Sustainable Lands to support sustainable forestry practices across 300,000 hectares in the U.S. The initiative aims to reduce timber harvesting, enhance carbon sequestration, and improve … Read the full press release
TotalEnergies Embarks on Pioneering Floating Wind Turbine Project to Power North Sea Oil & Gas Platform
(IN BRIEF) TotalEnergies has launched a pilot project to install a 3 MW floating wind turbine in the UK North Sea, designed to supply renewable energy to the Culzean offshore oil and gas platform. This innovative project aims to provide … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Floating Wind Turbine Project, Marie-Noëlle Semeria, North Sea Oil & Gas Platform, partnership, sustainability, TotalEnergies, UK
BC Hydro Partners with Wood to Enhance British Columbia’s Electric Grid for a Sustainable Future
(IN BRIEF) BC Hydro has partnered with Wood, a global consulting and engineering firm, under a $200 million, seven-year agreement to modernize and expand British Columbia’s electric grid. The project aims to upgrade power lines, substations, and other infrastructure to … Read the full press release
AMAG Joins Forces with European Industry Leaders by Signing the Antwerp Declaration
(IN BRIEF) AMAG Austria Metall AG has signed the Antwerp Declaration, joining over 1,000 energy-intensive companies in calling for a European Industrial Deal to support the transition to climate neutrality while maintaining Europe’s industrial competitiveness. The declaration outlines ten key … Read the full press release
Posted in Austria, Business, Environment, European Union, Financial, Government, Industrial, Investment, Law, Management, Metals and Minerals, News
Tagged AMAG, Antwerp Declaration, European Industry, Helmut Kaufmann, partnership, sustainablity
FC Bayern and MAN Truck & Bus Team Up to Launch Electric Vehicle Charging Hub at Allianz Arenal
(IN BRIEF) MAN Truck & Bus, in partnership with FC Bayern Munich, has launched a project to build a public charging park for electric trucks and buses at the Allianz Arena in Munich. The charging park, featuring high-power and megawatt … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Sports, Technology, Transportation & Logistics
Tagged Alexander Vlaskamp, Allianz Arenal, Dr. Markus Söder, electric vehicle charging hub, FC Bayern, Jan-Christian Dreesen, MAN Truck & Bus, partnership, sports, sustainablity
HYBRIT Initiative Achieves Breakthrough in Fossil-Free Steel Production, Paving the Way for Industrialization
(IN BRIEF) The HYBRIT initiative, a collaboration between SSAB, LKAB, and Vattenfall, has reported successful results from six years of research aimed at creating fossil-free iron and steel production. The project has demonstrated that using fossil-free hydrogen and electricity to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden
Tagged and Vattenfall, Andreas Regnell, fossil-free, HYBRIT, industrialization, Klara Helstad, LKAB, partnership, SSAB, steel production, sustainability, Ulf Spolander
Euronext and Nord Pool Unveil New Power Futures Market for Nordic and Baltic Regions
(IN BRIEF) Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market, named Euronext Nord Pool Power Futures. The market will be hosted on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. … Read the full press release
Posted in Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Iceland, Industrial, Infrastructure & Utilities, International Trade, Investment, Italy, Management, Netherlands, News, Norway, Portugal
Tagged Baltic Camille Beudin, Euronext, Nord Pool, Nordic, partnership, Power Market, sustainability, Tom Darell
GIGA Storage and TenneT Launch Pioneering Time-Based Grid Contract to Boost Energy Efficiency
(IN BRIEF) GIGA Storage and TenneT have signed the first-ever time-based grid connection contract, allowing GIGA Storage’s 300 MW battery project, GIGA Leopard, to efficiently connect to the electricity grid in Delfzijl, Netherlands. This innovative contract, part of a national … Read the full press release
TotalEnergies Announces Key Leadership Changes in Executive Committee
(IN BRIEF) TotalEnergies has announced key leadership appointments within its Executive Committee, effective September 1, 2024. Bernard Pinatel will become President Downstream and President Marketing & Services, while Vincent Stoquart will take over as President Refining & Chemicals. These changes … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Investment, Management, News
Tagged appointment, Aurélien Hamelle, Bernard Pinatel, Executive Committee, Helle Kristoffersen, Jean-Pierre Sbraire, leadership, Namita Shah, Nicolas Terraz, Patrick Pouyanné, Stéphane Michel, TotalEnergies, Vincent Stoquart
Borussia Dortmund and RWE Unite for Landmark Sustainability Initiative at SIGNAL IDUNA PARK
(IN BRIEF) Borussia Dortmund and RWE have entered a six-year partnership to enhance sustainability at SIGNAL IDUNA PARK, Germany’s largest football stadium. The collaboration includes installing the largest photovoltaic (PV) system on a stadium roof in Germany, with over 9,500 … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sports, Technology
Tagged Borussia Dortmund, Hans-Joachim Watzke, Markus Krebber, partnership, RWE, SIGNAL IDUNA PARK, sustaianbaility
Iberdrola Strengthens Global Leadership in Sustainability with Continued FTSE4Good Index Inclusion
(IN BRIEF) Iberdrola has once again secured its place in the prestigious FTSE4Good index, highlighting its commitment to sustainability and responsible business practices. The company, led by Ignacio Galán, has maintained its position in the index since 2009, demonstrating strong … Read the full press release