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Search Results for: electricity
Vestas Lands 105 MW Wind Turbine Order for LEAG’s Forst-Briesnig II Project in Germany
(IN BRIEF) Vestas has secured a 105 MW order from LEAG for the Forst-Briesnig II wind energy project in Germany’s Lausitz region. The project, set on a former brown coal mining area, will include 17 V162-6.2 MW wind turbines. Vestas … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Dominique Guillou, EP Corporate Group, Forst-Briesnig II Project, Germany, Jens Kück, LEAG, partnership, sustainability, Thorsten Kramer, Tomáš David, Vestas, wind turbine
Vestas Lands 81 MW Wind Turbine Deal for Scotland’s Pencloe Project with Invenergy
(IN BRIEF) Vestas has secured an 81 MW contract from Invenergy for the Pencloe wind energy project in Dumfries and Galloway, Scotland. The project involves the supply, delivery, installation, and commissioning of 18 V136-4.5 MW wind turbines. Vestas will also … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Invenergy, James Ian Robinson, partnership, Pencloe Project, Scotland, Stuart Winter, sustainability, Vestas, Wind Turbine Deal
Report by E.ON and Thüga Highlights Strategic Role of Electrolyzers in Germany’s Energy Transition
(IN BRIEF) A joint report commissioned by E.ON and Thüga, conducted by the Institute of Energy Economics at the University of Cologne (EWI), assesses the strategic placement of electrolyzers across Germany to support the energy transition. The study identifies regions … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Christoph Ullmer, E.ON, electrolyzers, energy transition, Gabriel Clemens, Germany, Thüga
TotalEnergies to Sell West of Shetland Assets to The Prax Group in Strategic Portfolio Realignment
(IN BRIEF) TotalEnergies has agreed to sell its entire stake in West of Shetland assets, including several fields and the Shetland Gas Plant, to The Prax Group. This transaction, pending regulatory approval, is part of TotalEnergies’ strategy to divest mature … Read the full press release
TotalEnergies Expands Offshore Presence in São Tomé and Príncipe with Block STP02 Acquisition
(IN BRIEF) TotalEnergies has entered into an agreement to acquire a 60% stake and operatorship in Block STP02 offshore São Tomé and Príncipe from the country’s national petroleum agency, ANP-STP. The remaining interests will be held by Sonangol (30%) and … Read the full press release
EIB Funds €1.2 Billion for Denmark’s Largest Wind Farm to Power Over a Million Homes
(IN BRIEF) The European Investment Bank (EIB) is providing a €1.2 billion loan to support the construction of the Thor wind farm in the Danish North Sea, developed by RWE. The 1.1 GW wind farm, consisting of 72 turbines, will … Read the full press release
Posted in Banks, Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Luxembourg
Tagged 1.1 Gigawatt, 2040, 72 wind turbines, Belgium, Danish North Sea, Denmark, Energinet, European Investment Bank, France, Germany, Great Britain, Holstebro, Ireland, Michael Müller, net zero carbon emissions, Netherlands, Nicola Beer, North Sea Energy Cooperation, Norway, RWE, Siemens Gamesa, Thor wind farm, Thorsminde, €1.2 billion loan
EnBW and LevertonHELM Forge Alliance for Sustainable Lithium Production to Power European Electromobility
(IN BRIEF) EnBW and LevertonHELM have successfully collaborated on a project to produce high-purity lithium carbonate using direct lithium extraction (DLE) from thermal water at EnBW’s geothermal power plant in Bruchsal, Germany. LevertonHELM processed the extracted lithium chloride solution to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Bart Vanden Bossche, Dr. Thomas Kölbel, electromobility, EnBW, Laura Herrmann, LevertonHELM, partnership, Stephen Elgueta Wallis, sustainability, Sustainable Lithium Production
Ørsted and Nuveen Infrastructure Reach Milestone with First Turbine Installed at Borkum Riffgrund 3 Offshore Wind Farm
(IN BRIEF) Ørsted and Nuveen Infrastructure have achieved a significant milestone with the installation of the first wind turbine at the Borkum Riffgrund 3 offshore wind farm in Germany. Once completed, this 913 MW project will be Germany’s largest offshore … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Borkum Riffgrund 3 Offshore Wind Farm, Felix Gschnell, Germany, Jordi Francesch, Nuveen Infrastructure, partnership, Peter Obling, sustainability, turbine, Ørsted
Maersk’s Green Methanol Vessel, Astrid Maersk, Arrives in Koper, Slovenia
(IN BRIEF) Maersk’s second large vessel powered by green methanol, Astrid Maersk, arrived at the Port of Koper, Slovenia, marking a significant step in Maersk’s goal to achieve Net-Zero greenhouse gas emissions by 2040. The vessel, part of Maersk’s AE12 … 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
Iberdrola Pioneers Digital Solutions for Sustainable Grid Development and Electrification Strategy
(IN BRIEF) Iberdrola is focusing on enhancing its electricity grids as a primary growth area from 2024 to 2026, investing heavily to integrate digital solutions through its Perseo startup program. These innovations, including machine learning and algorithms, aim to forecast … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology
Tagged digital solutions, Electrification Strategy, Iberdrola, partnership, Perseo, sustainability, Sustainable Grid Development
Nordex Group Surpasses 5 GW Milestone in Nordic Region with Kalistanneva Wind Farm Installation
(IN BRIEF) The Nordex Group celebrates surpassing 5 GW of installed capacity in the Nordic region with the installation of a N163/5.X turbine at the Kalistanneva wind farm in Finland. With over 1,200 turbines across Denmark, Finland, Sweden, and Norway, … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Denmark, Finland, Ibrahim Özarslan, Kalistanneva Wind Farm Installation, Nordex Group, Norway, partnership, sustainability, Sweden, Till Junge
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
Cottbuser Ostsee to Host Germany’s Largest Floating Solar Power Plant by EPH Power Europe
(IN BRIEF) Germany’s largest post-mining lake, the “Cottbuser Ostsee,” is set to host a groundbreaking floating solar plant, scheduled to begin operation in winter 2024/2025. Generating 29,000 MWh of electricity annually, this initiative not only powers thousands of households but … Read the full press release
Rail to Road: Transporeon and ÖBB Rail Cargo Group Pioneer Eco-Friendly Transport Options
(IN BRIEF) Transporeon, in collaboration with ÖBB Rail Cargo Group, has announced an expansion of their partnership to offer new rail and multimodal transport corridors, following their joint win of the Austrian Logistics Prize 2024. This initiative allows customers to … Read the full press release
Encavis AG AGM Decides to Retain Earnings for Accelerated Growth
(IN BRIEF) Hamburg-based renewable energy operator Encavis AG (listed on the MDAX) recently concluded its Annual General Meeting (AGM) by resolving to retain its entire consolidated earnings, bolstering the company’s internal resources to propel accelerated growth. The decision reflects Encavis … 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
EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk
(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release
Posted in Banks, Business, Construction, Economy, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Management, News, United Kingdom
Tagged EU, internally displaced persons (IDPs), Ivano-Frankivsk, Jocelin Cornet, NEFCO, partnership, Ruslan Martsinkiv, social housing, sustainability, UKRAINE, University Facilities
Tri-State Partners with JUWI Inc. to Introduce Groundbreaking Solar Initiatives
(IN BRIEF) Tri-State Generation and Transmission Association, a prominent energy entity, has forged a groundbreaking partnership with JUWI Inc., marking a monumental shift towards renewable energy endeavors. Their collaboration culminated in the acquisition of two solar projects in western Colorado: … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged acquisitions, Axial Basin Solar, Colorado, Dolores Canyon Solar, Duane Highley, JUWI Inc., Michael Bennet, partnership, Solar Initiatives, Steve Ihnot, sustainability, Tri-State
Diverse Voices Unite: Bertelsmann Party 2024 Brings Together Leaders in Media, Politics, and Business
(IN BRIEF) Bertelsmann is gearing up for its much-anticipated Bertelsmann Party 2024 in Berlin, welcoming over 600 distinguished guests from media, politics, business, and society. Set against the backdrop of the company’s iconic premises, the event promises an evening filled … Read the full press release
Posted in Business, Entertainment, Environment, Financial, Germany, Government, Industrial, Investment, Management, Media, News, Politics, Society
Tagged Bertelsmann Party 2024, Business, Cornelius Strittmatter, leaders, Media, Politics, society, sustainability, Thomas Rabe, Toni Scheurlen
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
EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security
(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Ukraine, United Kingdom
Tagged Denis Shmyhal, EBRD, ENERGY, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Ukrhydroenergo, Ukrnafta
TotalEnergies Strengthens Commitment to Decarbonization Through New LNG Contracts in India and Korea
(IN BRIEF) TotalEnergies has announced two pivotal LNG contracts in Asia, signifying a strategic expansion in its LNG business. The agreements include a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery of up to 800,000 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News
Tagged decarbonization, Gregory Joffroy, INDIA, KOREA, partnership, sustainability, TotalEnergies
Fortum Embarks on a New Chapter: Integrating Hydropower Maintenance Team for Enhanced Efficiency and Community Focus
(IN BRIEF) Fortum marks a significant milestone today as it integrates 250 employees into its hydropower operations and maintenance team across Sweden and Finland. A decade ago, Fortum outsourced these functions but revisited the decision in 2023, opting to bring … Read the full press release
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
Sika Validates Net-Zero Emissions Targets for 2050 with Science-Based Targets Initiative
(IN BRIEF) Sika has achieved validation of its near and long-term emissions reduction targets by the Science Based Targets initiative (SBTi), confirming its commitment to sustainability and decarbonization. By 2032, Sika aims to reduce greenhouse gas emissions by 50.4% compared … Read the full press release
Posted in Business, Chemicals, Environment, Industrial, Management, News, Switzerland
Tagged net-zero emissions, Patricia Heidtman, Science-Based Targets initiative, Sika, sustainability
BBVA Expands Emission Reduction Targets to Real Estate and Aluminum Sectors
(IN BRIEF) BBVA, in its commitment to decarbonization, has expanded its intermediate emission reduction targets for 2030 to include the real estate sector in Spain and the global aluminum industry. These sectors join the list of targets set by the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Real Estate, Spain
Tagged aluminum, BBVA, Emission Reduction Targets, Javier Rodríguez Soler, partnership, real estate, sustainability
Hydro Extrusion Sweden Launches Onsite Renewable Energy Production for Zero Emissions
(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged Hydro, Hydro Extrusion, Jacob Reeckmann, Marianne Wergeland Jenssen, Onsite Renewable Energy Production, partnership, sustainability, Sweden, zero emissions
Alfa Laval Showcases Sustainable Marine Solutions at Posidonia 2024
(IN BRIEF) Alfa Laval is set to present its comprehensive range of marine equipment, solutions, and services at the upcoming Posidonia 2024 shipping exhibition in Athens, Greece. The company’s participation emphasizes its commitment to supporting sustainable shipping practices. Alfa Laval’s … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged Alfa Laval, Greece, Marine Solutions, partnership, Posidonia 2024, sustainability
Fortum to Enhance Loviisa Nuclear Power Plant’s Efficiency with Turbine Modernisation
(IN BRIEF) Fortum announces plans to modernise the low-pressure turbines at its Loviisa nuclear power plant, beginning in 2026 as part of lifetime extension investments aimed at ensuring reliable electricity production until 2050. With the Finnish Government granting a new … Read the full press release
RWE Ventures into Australian Battery Storage: Limondale BESS to Pave the Way for Renewable Energy Transition
(IN BRIEF) RWE, a leading player in global renewables, has announced its investment decision to construct Australia’s inaugural eight-hour lithium-ion Battery Energy Storage System (BESS) adjacent to its Limondale Solar Farm in New South Wales. With a capacity of over … Read the full press release
EIB Green Loan Boosts Brno’s Environmental Renaissance: Modernizing Wastewater Treatment
(IN BRIEF) The European Investment Bank (EIB) has recently inked a CZK 1.3 billion loan agreement with Brněnské vodárny a kanalizace (BVK), the municipal water and wastewater company in Brno, Czech Republic, aiming to revamp the city’s wastewater treatment infrastructure. … Read the full press release
Posted in Banks, Business, Czech Republic, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Brněnské vodárny a kanalizace (BVK), Brno, Czech Republic, Daniel Struž, EIB, Kyriacos Kakouris, partnership, sustainability, wastewater treatment
TotalEnergies Greenlights Expansion in Brazil with Atapu and Sépia Fields Development Phases
(IN BRIEF) TotalEnergies, in collaboration with Petrobras and partners in the Atapu and Sépia consortiums, has approved the Final Investment Decision (FID) for the second development phases of the Atapu and Sépia fields situated in the pre-salt Santos Basin, offshore … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Atapu, Brazil, expansion, Nicolas Terraz, partnership, Petrobras, Sépia, sustainability, TotalEnergies
RWE Initiates Nordseecluster: Pioneering Offshore Wind Project to Catalyze Green Energy Transition
(IN BRIEF) In a significant move towards bolstering Germany’s energy transition and contributing to global decarbonization efforts, RWE has announced the commencement of its Nordseecluster project. This groundbreaking initiative entails the construction of offshore wind farms with a cumulative capacity … Read the full press release
EIB President Calviño Engages in Strategic Talks during Portugal Visit
(IN BRIEF) Nadia Calviño, President of the European Investment Bank Group (EIB Group), embarked on a diplomatic mission in Portugal, engaging in crucial discussions aimed at bolstering strategic investments and partnerships in the country. Meeting with key figures including Minister … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Portugal, Small Business
Tagged Carlos Moedas, EIB, Joaquim Miranda Sarmento, Nadia Calviño, partnership, Pedro Reis, PORTUGAL, Rui Moreira, SMEs, sustainability
Equinor and Partners Invest NOK 12 Billion to Boost Gas Infrastructure in Troll West
(IN BRIEF) Equinor and Troll partners have committed to investing over NOK 12 billion to enhance the gas infrastructure in the Troll West gas province, aiming to accelerate production from the reservoir and sustain high gas export levels leading up … Read the full press release
Mauritius Partners with Thales for Next-Generation National Identity System
(IN BRIEF) The Mauritius Prime Minister’s Office (PMO) has collaborated with Thales to implement an advanced National ID system, marking a significant step in the country’s digital transformation. Thales, in partnership with Mauritian IT provider Harel Mallac Technologies (HMT), will … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged digital transformation, Harel Mallac Technologies (HMT), Mauritius, National Identity System, partnership, Port Louis, SECURITY, sustainability, Thales, Youzec Kurp
Kids Blast Their Way to the Stars: LEGO Unveils Cosmic Creations and Funstellations
(IN BRIEF) In a groundbreaking collaboration between the LEGO Group and space enthusiasts worldwide, a recent study reveals an overwhelming interest among children in space exploration. With 86 percent of kids aspiring to discover new worlds and 77 percent dreaming … Read the full press release
Posted in Aviation & Aerospace, Business, Denmark, Education, Entertainment, Financial, Government, Industrial, Investment, Management, News, Science, Technology
Tagged Cosmic Creations, Debra Elmegreen, Didac Perez Soriano, Funstellations, kids, LEGO, Lotty Ingle, partnership, Stars, sustainability, USA
Eviden Poland Experts Secure 2nd Place in Locked Shields 2024 Cyber Defense Exercise
(IN BRIEF) Eviden, a leading digital, cloud, big data, and security business under the Atos Group, announces the outstanding performance of its cybersecurity experts from Poland and Romania in the NATO Cooperative Cyber Defense Center of Excellence’s Locked Shields 2024 … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Defence, France, Government, Management, News, Poland, Romania, Security & Safety, Technology
Tagged 2nd Place, Awards, Chris Moret, Cybersecurity, Dr Mart Noorma, Eviden, Gheorghe Iordache, Locked Shields 2024 Cyber Defense Exercise, LtCol Urmet Tomp, partnership, Poland, Romania, sustainability
Airbus Spearheads ESA’s Vigil Mission: Enhancing Space Weather Forecasting for Earth’s Protection
(IN BRIEF) Airbus has been chosen by the European Space Agency (ESA) to lead the design and construction of the Vigil satellite, marking the inaugural operational mission in ESA’s Space Situational Awareness (SSA) Space Safety Programme (S2P). Vigil aims to … Read the full press release
Posted in Aviation & Aerospace, Belgium, Business, Environment, Financial, France, Government, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Airbus, Andrew Griffith MP, Earth's Protection, ESA, Josef Aschbacher, partnership, Patrick Wood, Space Weather Forecasting, sustainability, Vigil Mission