Search Results for: energy transition

Alfa Laval Joins Consortium to Inaugurate World’s First Molten Salt Thermal Energy Storage System

Posted on 3, May 2024 by

(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by the Energy Technology Development and Demonstration Program (EUDP), which recently inaugurated the world’s first thermal energy storage system using molten hydroxide salts. This innovative project, … Read the full press release →

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

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Iberdrola Deutschland and Salzgitter AG Forge Green Energy Partnership

Posted on 1, May 2024 by

(IN BRIEF) Iberdrola Deutschland and Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, have entered a 15-year power purchase agreement (PPA) to drive low-CO2 steel production and support industry decarbonization. Commencing in 2025, Iberdrola will supply over 900 GWh of … Read the full press release →

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

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Drax Partners with ANDRITZ to Boost Renewable Energy Capacity at Cruachan Pumped Storage Plant

Posted on 30, April 2024 by

(IN BRIEF) Renewable energy company Drax has selected international technology group ANDRITZ as the main contractor for the upgrade of its Cruachan pumped storage power plant in Scotland. The project entails the installation of two new generating units, including pump … Read the full press release →

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

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SFC Energy Collaborates with ConnectCom Sarl to Provide Customized Emergency Power Solutions

Posted on 24, April 2024 by

(IN BRIEF) SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells, has partnered with ConnectCom Sarl to develop a customized emergency power solution. The collaboration involves supplying stationary EFOY H₂Cabinet X series units and utilizing the H₂Genset … Read the full press release →

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

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Vattenfall and BASF Strengthen Renewable Energy Partnership with Nordlicht Wind Farm Deal

Posted on 23, April 2024 by

(IN BRIEF) Vattenfall and BASF have finalized an agreement for the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF, deepening their collaboration in renewable energy. Nordlicht, Vattenfall’s largest offshore wind project to date, is … Read the full press release →

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

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SFC Energy Unveils EFOY H₂PowerPack X50 at HANNOVER MESSE 2024

Posted on 22, April 2024 by

(IN BRIEF) SFC Energy AG announces its participation in the upcoming HANNOVER MESSE 2024, showcasing its latest innovation, the EFOY H₂PowerPack X50. This new product, boasting a cluster power output of up to 200 kW, marks a significant advancement in … Read the full press release →

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

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EBRD Bolsters Serbian Automotive Lighting with €15 Million Loan for Energy-Efficient Expansion

Posted on 18, April 2024 by

(IN BRIEF) Feka Automotive, a prominent Serbian automotive lighting producer with ties to major global car manufacturers, including Toyota and Volkswagen, is set to undergo a significant expansion with the support of a €15 million loan from the European Bank … Read the full press release →

Posted in Automotive, Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Serbia, Technology, United Kingdom

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MYTILINEOS and Powerledger Revolutionize Energy Transparency in Greece

Posted on 17, April 2024 by

(IN BRIEF) MYTILINEOS Energy & Metals, in collaboration with Protergia and Powerledger, introduces groundbreaking energy provenance tracking and tracing features in Greece. This innovative partnership empowers consumers to track their energy sources in near real-time, visualize their carbon footprint, and … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Investment, Management, News, Technology

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EIB Grants €400 Million Loan for Green Energy Grid Expansion in Thuringia

Posted on 16, April 2024 by

(IN BRIEF) The European Investment Bank (EIB) is providing a €400 million loan to Thüringer Energie AG (TEAG), a municipal energy supplier in Thuringia, Germany, to upgrade and digitize the electricity grid. This investment, totaling around €600 million, aims to … Read the full press release →

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

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BII and FMO Join Forces to Propel BECIS’ Clean Energy Expansion in South and South-East Asia

Posted on 15, April 2024 by

(IN BRIEF) British International Investment (BII) and FMO have collaborated to provide a joint loan commitment of US$50 million to BECIS, a leading Energy as a Service (EaaS) provider in South-East Asia. This financing will support BECIS’ ambitious plans to … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology, United Kingdom

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Vinci Invests €50 Million in NatPower SA, Expands Renewable Energy Portfolio

Posted on 15, April 2024 by

(IN BRIEF) VINCI, a leading infrastructure and construction company, has completed a €50 million investment in NatPower SA, a renewable energy platform operating in Italy, Great Britain, and the United States. This investment involves acquiring 10% of NatPower SA’s share … Read the full press release →

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

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RWE Embarks on Wind Farm Construction in Inden, Driving Renewable Energy Growth in Rhenish Lignite Area

Posted on 15, April 2024 by

(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release →

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

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RWE Launches US$2 Billion Green Bond, Eyes Expansion in Renewable Energy Market

Posted on 12, April 2024 by

(IN BRIEF) RWE, a leading renewable energy company, has successfully issued its first green US dollar bond, totaling US$2 billion, with maturities of 10 and 30 years and yields ranging from 5.926% to 6.261%. The bond, oversubscribed 3.8 times, signifies … Read the full press release →

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

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East German States Lead Heating Transition, Setting Example for National Green Goals

Posted on 12, April 2024 by

(IN BRIEF) A survey conducted by E.ON reveals that the eastern German states are at the forefront of the heating transition, with almost three-quarters of homes renovated or partially renovated, largely due to post-reunification subsidies for building modernization. Brandenburg leads … 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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EBRD Supports Avis Greece’s Green Fleet Transition with €108.3 Million Loan

Posted on 12, April 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €108.3 million loan to Avis Greece to aid in the electrification of its car fleet. This investment is part of Avis Greece’s initiative to replace internal-combustion-engine vehicles … Read the full press release →

Posted in Automotive, Banks, Business, Economy, Environment, Financial, Government, Greece, Industrial, Investment, Management, News, Technology, United Kingdom

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STMicroelectronics Secures Renewable Energy Contract for Italian Operations

Posted on 11, April 2024 by

(IN BRIEF) STMicroelectronics, a global semiconductor leader, has inked a ten-year Power Purchase Agreement (PPA) with Centrica Energy for the supply of renewable energy to its Italian operations, starting from January 2025. The agreement, based on approximately 61 GWh of … Read the full press release →

Posted in Business, Denmark, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Switzerland, Technology

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Repsol’s Green Evolution: Partnering with Genia Bioenergy to Pioneer Biomethane Industry

Posted on 11, April 2024 by

(IN BRIEF) Repsol has embarked on a strategic alliance by acquiring a 40% shareholding in Genia Bioenergy, marking its entry into the burgeoning biomethane market. This partnership aims to leverage Genia Bioenergy’s expertise in biogas and biomethane value chain integration, … Read the full press release →

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

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Webuild Group and Clough Unveil Australia’s Grand Renewable Energy Venture: Inside the Snowy Mountains Project

Posted on 10, April 2024 by

(IN BRIEF) Explore the depths of Australia’s ambitious renewable energy endeavor unfolding in the Snowy Mountains, where the Webuild Group and Clough, in collaboration with Snowy Hydro Limited, are spearheading the Future Generation project. This pumped-storage scheme, distinct from conventional … Read the full press release →

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

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Peel Ports and E.ON Forge Green Energy Partnership to Revolutionize Port Operations

Posted on 9, April 2024 by

(IN BRIEF) Peel Ports Group partners with E.ON to initiate ambitious solar and wind projects at the Port of Liverpool, aiming to achieve net-zero emissions by 2040. The collaboration kicks off with plans for the installation of the UK’s largest … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom

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AFRY Report Emphasizes Climate Benefits of Forest Products in EU Transition

Posted on 9, April 2024 by

(IN BRIEF) A new report commissioned by FAM and conducted by AFRY highlights the significant climate benefits of forest products, often overlooked in EU policies focused solely on carbon sinks. The report underscores the importance of recognizing the substitution effect, … Read the full press release →

Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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Intesa Sanpaolo Partners with A2A to Power Operations with Renewable Energy

Posted on 6, April 2024 by

(IN BRIEF) In its ongoing commitment to reduce emissions and align with its ESG strategy, Intesa Sanpaolo has signed an agreement with A2A to procure electricity from renewable sources. This agreement, spanning ten years, will see Intesa Sanpaolo sourcing around … Read the full press release →

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

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EQT Enters Exclusive Talks to Acquire Ocea Group, Advancing Environmental Solutions in Energy Sector

Posted on 5, April 2024 by

(IN BRIEF) EQT Active Core Infrastructure fund announces exclusive negotiations to acquire Ocea Group from ICG Infrastructure Equity I. Ocea, a leading provider of smart water and heat submetering devices, operates over four million submeters and serves over 7,000 customers … Read the full press release →

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

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EBRD, Meridiam, and Hassan Allam Utilities Join Forces to Propel Egypt’s Renewable Energy Agenda

Posted on 5, April 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom

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MYTILINEOS and Siemens Energy Forge Ahead with 560 MW CCGT Power Unit Construction in Poland

Posted on 4, April 2024 by

(IN BRIEF) MYTILINEOS Energy & Metals, in partnership with Siemens Energy, has embarked on the construction of a 560 MW Combined Cycle Gas Turbine (CCGT) power unit at the Adamów Power Plant in Poland. The Engineering, Procurement, and Construction (EPC) … Read the full press release →

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

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Evonik’s DEGACRYL® Specialty Acrylate Production Goes Green with Renewable Energy

Posted on 3, April 2024 by

(IN BRIEF) Evonik’s Coating & Adhesive Resins Business Line in Darmstadt, Germany, has transitioned its production of DEGACRYL® specialty acrylates to renewable energy sources, reducing annual CO2 emissions by approximately 1,400 metric tons. This move aligns with the business line’s … Read the full press release →

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

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Triton Fund V Completes Acquisition of Siemens Energy’s Trench Business

Posted on 2, April 2024 by

(IN BRIEF) Triton Fund V, under Triton’s advisement, has finalized the acquisition of Siemens Energy’s Trench business, a leading manufacturer of high-voltage grid components. Trench, renowned for its expertise and global presence with nine factory locations and 2,400 employees worldwide, … Read the full press release →

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TotalEnergies Marks 100 Years of Energy Innovation and Leadership

Posted on 28, March 2024 by

(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release →

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

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Enhanced Support Program Boosts Mature Students’ Transition to University in Cornwall

Posted on 27, March 2024 by

(IN BRIEF) Truro and Penwith College, in collaboration with the University of Exeter, has expanded its Mature Access Pathway program, aimed at facilitating mature students’ transition to university education and career advancement. This initiative offers tailored support, including workshops, talks, … Read the full press release →

Posted in Business, Education, Financial, Industrial, Investment, Management, News, United Kingdom

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Italian Energy Giants Forge Alliance for Maritime Decarbonization

Posted on 26, March 2024 by

(IN BRIEF) Eni, Fincantieri, and RINA, prominent Italian entities in energy, shipbuilding, and engineering consultancy respectively, have solidified an agreement to spearhead initiatives targeting the decarbonization of the maritime sector. Their collaborative efforts aim to develop sustainable alternatives, explore new … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Transportation & Logistics

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EBRD Invests €25 Million in Vilnius Residential Energy Efficiency Fund

Posted on 22, March 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency initiatives in Vilnius by investing €25 million in Šiaulių Bank’s energy efficiency fund. Managed by Šiaulių Bank, the fund aims to finance energy efficiency renovations in … Read the full press release →

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

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Iberdrola and Amazon Partner to Procure Renewable Energy from East Anglia THREE Wind Farm

Posted on 21, March 2024 by

(IN BRIEF) Iberdrola and Amazon strengthen their global renewable energy partnership with a new Power Purchase Agreement (PPA) for 159 MW of clean electricity from the East Anglia THREE offshore wind farm in the UK. This agreement expands Amazon’s commitment … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, United Kingdom

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ZF Wind Power Boosts European Green Energy Drive with Serial Production Expansion

Posted on 21, March 2024 by

(IN BRIEF) ZF Wind Power is ramping up its production capabilities in response to the surging demand for wind energy in Europe. With 18.3 GW of new wind turbines installed in 2023 and projections indicating rapid growth, ZF is strategically … Read the full press release →

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

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ENGIE Unveils Massive Battery Energy Storage System to Enhance Renewable Energy Integration

Posted on 19, March 2024 by

(IN BRIEF) ENGIE, a global leader in renewable energy, has introduced a groundbreaking Co-Located Battery Energy Storage System (BESS) with a storage capacity of 638 MWh and 139 MW of installed capacity. This innovative technology, utilizing lithium batteries, is integrated … Read the full press release →

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

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Alfa Laval to Host First Net Zero Collaboration Event Focused on Sustainable Cities and Energy Efficiency

Posted on 14, March 2024 by

(IN BRIEF) Alfa Laval is gearing up to host a groundbreaking collaboration event on April 9th, aimed at addressing the imperative need for enhanced energy efficiency in cities to meet global net-zero targets by 2030, as per the COP28 agreement. … Read the full press release →

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

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wpd Achieves Wind Energy Milestones in Sweden and Finland

Posted on 12, March 2024 by

(IN BRIEF) wpd, a leading developer of onshore wind energy projects in Europe, has achieved significant milestones in Sweden and Finland. In Sweden, they’ve commissioned the Stöllsäterberget wind farm and secured contracts for future projects. In Finland, wpd is progressing … Read the full press release →

Posted in Energy, Gas & Oil, Finland, Germany, Industrial, Infrastructure & Utilities, Sweden

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Bridging the Gap: EY Report Highlights Consumer Hesitation in Sustainable Energy Choices

Posted on 9, March 2024 by

(IN BRIEF) According to the ‘Energy transition consumer insights’ report by EY, despite 65% of energy consumers understanding how to initiate sustainable energy choices, 70% express reluctance to invest more time or money in doing so. The report underscores consumer … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom

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Eni, Plenitude, and Energy Infrastructure Partners Finalize Investment Agreement

Posted on 9, March 2024 by

(IN BRIEF) Eni, Plenitude, and Energy Infrastructure Partners (EIP) have concluded their investment agreement, with EIP acquiring a 7.6% stake in Plenitude through a capital increase of €588 million. This transaction, initially announced in December 2023, marks a significant milestone … Read the full press release →

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

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Innovation Fuels Telefónica’s 8.6% Energy Consumption Reduction

Posted on 5, March 2024 by

(IN BRIEF) Telefónica, a leading telecommunications company, has significantly improved its energy efficiency through technological innovations despite a surge in data traffic. Since 2015, Telefónica reduced its energy consumption by 8.6% while traffic multiplied by 8.6 times. The company’s Autonomous … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Spain, Technology, Telecom

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WindEurope and Azerbaijan Renewable Energy Agency Join Forces to Boost Wind Energy in Caspian Region

Posted on 4, March 2024 by

(IN BRIEF) WindEurope and the Azerbaijan Renewable Energy Agency have signed a Memorandum of Understanding (MoU) to accelerate the deployment of onshore and offshore wind energy in Azerbaijan and the broader Caspian Sea area. This collaboration aims to leverage Azerbaijan’s … Read the full press release →

Posted in Belgium, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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EBRD and Eiffel Investment Group Collaborate to Boost Solar Energy in Poland with €45 Million Joint Loan

Posted on 2, March 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are teaming up to advance solar energy development in Poland through a €45 million joint loan to PL-SUN Sp.z.o.o. This funding will support the construction of … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom

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