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Search Results for: electricity
Borealis Partners with Burgenland Energie for Green Energy Transition
(IN BRIEF) Borealis, a leading provider of sustainable polyolefins solutions, and Burgenland Energie, Austria’s top wind and solar power producer, have signed their first power purchase agreement (PPA) to drive renewable energy usage. Commencing in January 2026, Burgenland Energie will … Read the full press release
University of East London Partners with Siemens to Achieve Carbon Emission Reduction Milestone
(IN BRIEF) In a significant milestone toward its 2030 net-zero target, the University of East London (UEL) has successfully reduced its carbon emissions by 10% from its 2020/21 baseline to 2022/23, marking the first phase of its net zero strategy. … Read the full press release
Posted in Business, Education, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, United Kingdom
Tagged Carbon Emission Reduction, Faye Bowser, partnership, Professor Amanda Broderick, Siemens, sustainability, UK, University of East London
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
TotalEnergies Announces Final Investment Decision for Kaminho Project in Angola
(IN BRIEF) Patrick Pouyanné, Chairman and CEO of TotalEnergies, along with key stakeholders, met in Luanda to announce the Final Investment Decision (FID) for the Kaminho deepwater project in Angola. TotalEnergies, alongside partners Petronas and Sonangol, will develop the Cameia … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Angola, Diamantino de Azevedo, Gaspar Martins, investment, João Lourenço, Kaminho Project, partnership, Patrick Pouyanné, Paulino Jerónimo, PETRONAS, Sonangol, sustainability, Tan Sri Tengku Muhammad Taufik, TotalEnergies
Snam Announces Winners of HyAccelerator for Hydrogen Innovation
(IN BRIEF) Snam has revealed the five startups selected for the third edition of HyAccelerator, a global corporate accelerator focused on hydrogen and decarbonisation technology. With over 50 applications received worldwide, the chosen startups represent innovative solutions across the entire … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Industrial, Management, News, Technology
Tagged Awards, HyAccelerator, Hydrogen Innovation, Snam, winners
British Gas Introduces Lowest Heat Pump Rate to Encourage Adoption of Low Carbon Technology
(IN BRIEF) British Gas has launched the UK’s lowest heat pump rate, aiming to promote the adoption of low carbon technology and make heat pumps more affordable for households. With potential savings of up to £450, the initiative targets reducing … Read the full press release
Siltronic Portland Unveils Cutting-Edge Solar Field, Embracing Sustainable Future
(IN BRIEF) Siltronic Portland proudly announces the inauguration of its advanced solar field, underscoring its commitment to sustainability and carbon footprint reduction. CFO Claudia Schmitt emphasizes sustainability as a core value, aligning with Siltronic AG’s ambitious climate action plan to … Read the full press release
Uniper Expands Renewable Portfolio with Acquisition of 20.4 MW Photovoltaic Project in Poland
(IN BRIEF) Uniper has entered into a share purchase agreement with Photon Energy Group for the acquisition of a 20.4 MW photovoltaic project in northeastern Poland, expected to close by the end of 2024. The move aligns with Uniper’s strategy … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland
Tagged acquisition, partnership, Pawel Tarczewski, Poland, renewable energy, sustainability, Uniper
Transforming Robotics: Prof. Majid Khadiv’s Quest for Autonomous Humanoid Robots
(IN BRIEF) In a pioneering effort to advance robotics, Professor Majid Khadiv, TUM’s Professor of AI Planning in Dynamic Environments, is spearheading the development of ‘Automan’, an autonomous humanoid robot capable of undertaking dangerous or repetitive tasks. With a vision … 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
Outokumpu Recognized as Europe’s Climate Leader for Second Consecutive Year
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, has once again been honored as one of Europe’s Climate Leaders by the Financial Times. This recognition underscores Outokumpu’s commitment to reducing greenhouse gas emissions and advancing transparency in … Read the full press release
Posted in Awards, Business, Environment, Finland, Industrial, Management, Metals and Minerals, News
Tagged Awards, Climate, Europe, Johann Steiner, leadership, Outokumpu, sustainability
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
BASF and 3B Fibreglass Collaborate to Reduce Carbon Footprint in Chemical Industry
(IN BRIEF) BASF, a global leader in the chemical industry, partners with 3B Fibreglass to advance its sustainability goals by incorporating sustainably produced glass fibers into its Ultramid® A & B compound portfolio. Utilizing green electricity in production, 3B Fibreglass … Read the full press release
Posted in Belgium, Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged 3B Fibreglass, BASF, Belgium, carbon footprint, Chemical Industry, Ludovic Piraux, Maximilian Lehenmeier, partnership, sustainability
NIB Funds Landsnet’s Green Transmission Network Expansion in Iceland
(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a 15-year USD 50 million investment loan agreement with Iceland’s transmission system operator, Landsnet hf., to support the construction and enhancement of substations, underground cabling, and overhead lines from 2023 to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Iceland, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged expansion, Iceland, Landsnet, NIB, partnership, sustainability
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
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
JEDI Tops Green500 List: Leading the Charge in Energy-Efficient Supercomputing
(IN BRIEF) Forschungszentrum Jülich and EuroHPC Joint Undertaking, in collaboration with ParTec-Eviden, unveiled the first module of the exascale supercomputer JUPITER, named JEDI, at the International Supercomputing Conference. JEDI secured the top spot in the Green500 list for its exceptional … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged AI, Awards, Emmanuel Le Roux, Energy-Efficient Supercomputing, EuroHPC, Eviden, Forschungszentrum Jülich, Germany, Green500 list, JEDI, Jupiter, ParTec AG, partnership, sustainability
Energiekontor Advances Expansion with New Wind and Solar Projects, Eyes Gigawatt Milestone
(IN BRIEF) In the first quarter of 2024, Energiekontor AG, a prominent German developer of wind and solar parks, significantly expanded its portfolio, commissioning two new wind parks with a combined capacity of 29 megawatts, including the Jacobsdorf wind park … Read the full press release
EDF Secures €5.8 Billion in Green Loans to Extend Life of French Nuclear Fleet
(IN BRIEF) EDF has successfully signed green bank loans totaling approximately €5.8 billion, with terms ranging from three to five years, facilitated by major international banks such as BNP Paribas and Bank of America. These funds are earmarked specifically for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News
Tagged Bank of America, BNP Paribas, Crédit Agricole CIB, EDF, ING, Natixis CIB, nuclear, partnership, SOCIÉTÉ GÉNÉRALE, sustainability, Wells Fargo
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
Marel Initiates Pilot Project with Green Steel to Reduce Carbon Emissions
(IN BRIEF) Marel has embarked on a pilot project to utilize green steel, produced using renewable energy and recycled materials, in its manufacturing processes to reduce environmental impact. This initiative is part of Marel’s broader strategy to meet its Science-Based … Read the full press release
Posted in Business, Environment, Financial, Finland, Food & Beverage, Government, Iceland, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Arni Sigurdsson, carbon emissions, Finland, green steel, Iris Tryggvadottir, Marel, Olafur Fridriksson, Outokumpu, partnership, Sjoerd van der Heijden, sustainability
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
EnBW Confirms 2024 Outlook Following a Robust 2023 Performance
(IN BRIEF) Georg Stamatelopoulos, the new CEO of EnBW, reflected on the company’s strong financial results for 2023 and affirmed the guidance for 2024 during the Annual General Meeting held virtually from Stuttgart. EnBW, which plans to invest about €40 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Andreas Schell, EnBW, Financial, Georg Stamatelopoulos, investment, Peter Heydecker
Saltigo Launches “Net Zero Custom Manufacturing” for Sustainable Production
(IN BRIEF) Saltigo, a subsidiary of LANXESS specializing in exclusive synthesis of active ingredients and intermediates, introduces “Net Zero Custom Manufacturing” to offer sustainable production solutions to potential customers, particularly in the food and agrochemical industries. The initiative focuses on … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged "Net Zero Custom Manufacturing", LANXESS, Michael Schäfer, Saltigo, sustainable production
ZF Wind Power Expands Capacities in India and Partners with ABS Wind for Enhanced Service in the US
(IN BRIEF) ZF Wind Power is boosting its capacity in Coimbatore, India, from 9 to 12 GW to meet the surging global demand in the wind market, supporting the transition of over 10 million households to green energy annually. Additionally, … Read the full press release
Alfa Laval Joins Consortium to Inaugurate World’s First Molten Salt Thermal Energy Storage System
(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
Tagged Alasdair Maciver, Alfa Laval, Denmark, Molten Salt Storage (MOSS), partnership, sustainability, Søren Gade, Thermal Energy Storage System, Thomas Møller
Husqvarna Group Maintains ‘Climate Leader’ Status for Third Consecutive Year
(IN BRIEF) Husqvarna Group has once again been honored as a “Climate Leader” by Financial Times for its ongoing commitment to reducing carbon emissions, ranking 74th among thousands of European companies scrutinized. The recognition underscores the company’s dedication to sustainability … Read the full press release
Posted in Awards, Business, Electronics & Machinery, Environment, Industrial, Management, News, Sweden
Tagged 'Climate Leader' Status, Awards, Calle Medin, Husqvarna Group, leadership, sustainability
State of Berlin Acquires Vattenfall’s Heating Business in Billion-Euro Deal
(IN BRIEF) Vattenfall has finalized the transfer of all shares in Vattenfall Wärme Berlin AG, including power plants, grids, subsidiaries, and employees, to the State of Berlin for approximately 1.4 billion euros. This strategic move aligns with Berlin’s goal to … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged acquisition, Berlin, Heating Business, partnership, sustainability, Vattenfall
Innovative Geothermal Heating Project in Bavaria Receives Major Investment Boost from EIB and EU Innovation Fund
(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Bavaria, Daniel Mölk, Eavor-LoopTM, EIB, EU, Geothermal Heating Project, INNOVATION, investment, Nicola Beer, partnership, sustainability, Wopke Hoekstra
EIB’s Record €1.6 Billion Investment Energizes Ireland’s Economy and Innovation Landscape
(IN BRIEF) European Investment Bank (EIB) President Nadia Calviño, alongside Irish Finance Minister Michael McGrath, announced a landmark €1.6 billion investment in Ireland, the largest in 51 years. The investment, aimed at fostering innovation, sustainability, and economic growth, will impact … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Ireland, Luxembourg, Management, News, Technology
Tagged economy, EIB, INNOVATION, investment, Ireland, Michael McGrath, Nadia Calviño, partnership, sustainability
VINCI’s OTW Joint-Venture Connects Offshore Wind Farms to UK’s National Grid
(IN BRIEF) Omexom UK & RoI and Taylor Woodrow, subsidiaries of VINCI Energies and VINCI Construction respectively, have formed a joint-venture named OTW in the UK. OTW has been selected as a delivery partner for the Great Grid Partnership program, … Read the full press release
Ocean Winds Secures Exclusive Development Rights for Australia’s First Offshore Wind Project
(IN BRIEF) The Australian Government has awarded Ocean Winds, a joint venture between ENGIE and EDP Renewables, exclusive development rights for the country’s inaugural offshore wind tender. This milestone grants Ocean Winds a feasibility license for a 150 km2 area … Read the full press release
Iberdrola Deutschland and Salzgitter AG Forge Green Energy Partnership
(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
Rheinmetall Launches Innovative Curb Charger Pilot Project in Nörvenich
(IN BRIEF) Rheinmetall, in collaboration with the municipality of Nörvenich and Westenergie AG, has initiated a pilot project to trial curb chargers on public roads in Nörvenich. This project aims to integrate Rheinmetall’s curb chargers into the municipality’s infrastructure, providing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Christoph MÜLLER, Dr. Stefan Küppers, Dr. Timo Czech, Innovative Curb Charger Pilot Project, Nörvenich, partnership, Rheinmetall, sustainability, Westenergie AG
Vattenfall Reports Strong Financial Performance and Renewable Energy Milestones in Q1 2024
(IN BRIEF) Vattenfall’s financial report for January-March 2024 highlights a 21% decrease in net sales, offset by a 45% increase in underlying operating profit and a 27% increase in operating profit. Profit for the period surged by 43%, indicating robust … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Sweden
Tagged Andreas Regnell, Anna Borg, Financial, investment, Kerstin Ahlfont, renewable energy, Vattenfall
Drax Partners with ANDRITZ to Boost Renewable Energy Capacity at Cruachan Pumped Storage Plant
(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
Tagged Andritz, Cruachan Pumped Storage Plant, Dominik Fust, Drax, partnership, Penny Small, Renewable Energy Capacity, sustainability, UK
Husqvarna Group Achieves 51% Reduction in CO2 Emissions, Exceeding Targets Amid Sales Surge
(IN BRIEF) Husqvarna Group, a leading provider of outdoor power products, has achieved a remarkable milestone by halving its absolute CO2 emissions compared to the 2015 baseline year, surpassing its sustainability targets. Despite a significant increase in sales by 47%, … Read the full press release
Posted in Business, Electronics & Machinery, Environment, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged Calle Medin, CO2 emissions, Husqvarna Group, sustainability
SSAB and Nordec Forge Partnership for Fossil-Free Steel Supply Chain Efficiency
(IN BRIEF) SSAB and Nordec have entered into a crucial agreement aimed at streamlining the supply chain for fossil-free steel, a significant step towards achieving SSAB’s goal of delivering fossil-free steel to the market by 2026. The collaboration entails SSAB … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Sweden, Technology
Tagged Finland, fossil-free, Kalle Luoto, Lotta Ruottinen, Nordec, partnership, SSAB, Steel Supply Chain, sustainability
Alstom Wins 2024 Hydrogen Mobility Award at Canadian Hydrogen Convention
(IN BRIEF) Alstom was honored with the 2024 Hydrogen Mobility Award at the 2024 Canadian Hydrogen Convention Award gala for its groundbreaking achievement of commissioning the first hydrogen train in the Americas. The Coradia iLint, Alstom’s hydrogen-powered train, carried over … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology, Transportation & Logistics
Tagged 2024 Hydrogen Mobility Award, Alstom, Awards, CANADA, Canadian Hydrogen Convention, Coradia iLint, Michael Keroullé, partnership, sustainability