Search Results for: electricity

Energiekontor Advances Oederquart Repowering Wind Park Project

Posted on 27, April 2024 by

(IN BRIEF) Energiekontor AG, a prominent German project developer and operator of wind and solar parks, has achieved the financial close stage of the Oederquart repowering wind park project in Lower Saxony’s district of Stade. The project, now poised for … Read the full press release →

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

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EPCG Acquires Stake in thyssenkrupp’s Steel Business: A Step Towards Decarbonization

Posted on 26, April 2024 by

(IN BRIEF) thyssenkrupp AG and EP Corporate Group (EPCG) have reached an agreement for EPCG to acquire a 20 percent stake in thyssenkrupp’s steel business, with discussions ongoing for a further 30 percent acquisition, aiming to form an equal 50/50 … Read the full press release →

Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News

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Taiwan Inaugurates Asia-Pacific’s Largest Offshore Wind Farms, Doubling Nation’s Capacity

Posted on 26, April 2024 by

(IN BRIEF) Taiwan celebrates the inauguration of the Greater Changhua 1 and 2a offshore wind farms, marking a significant milestone in the nation’s renewable energy journey. With a total installed capacity of 900 MW, these wind farms are the largest … Read the full press release →

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

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Breakthrough in Capacitor Technology Paves the Way for More Efficient Medical Devices and Electric Vehicles

Posted on 25, April 2024 by

(IN BRIEF) Researchers at the University of Twente have developed a groundbreaking design strategy to enhance the efficiency, storage capacity, and durability of capacitors used in critical applications like pacemakers, defibrillators, radar technology, and electric vehicles. Led by Dr. Minh … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Financial, Healthcare, Industrial, Investment, Management, Netherlands, News, Science, Technology

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EIB Invests €150 Million in Helsinki’s Renewable Energy Transition

Posted on 25, April 2024 by

(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release →

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

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TotalEnergies and Vanguard Renewables Forge Joint Venture to Boost Renewable Natural Gas Projects Across the US

Posted on 24, April 2024 by

(IN BRIEF) TotalEnergies and Vanguard Renewables have established an equally owned joint venture to accelerate the development, construction, and operation of Farm Powered® renewable natural gas (RNG) projects in the United States. The agreement, signed in New York, marks a … Read the full press release →

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

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TotalEnergies Expands Portfolio Through Strategic Asset Swaps with Trident Energy

Posted on 24, April 2024 by

(IN BRIEF) TotalEnergies EP Congo, an 85%-owned affiliate of TotalEnergies, has inked a deal with Trident Energy, involving the acquisition of an additional 10% interest in the Moho license and the sale of its 53.5% interest in the Nkossa and … Read the full press release →

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

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Volkswagen’s Elli and EnerKíte Introduce Game-Changing Energy-Autonomous EV Charging Solution

Posted on 24, April 2024 by

(IN BRIEF) At the Hannover Messe, Volkswagen Group’s subsidiary Elli, in collaboration with airborne wind turbine manufacturer EnerKíte and the Technical University of Braunschweig, unveils a pioneering research project with potential to revolutionize electric vehicle charging. The project harnesses high-altitude … Read the full press release →

Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, Media, 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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Iberdrola Launches Shareholder Month: A Virtual Space for Investor Engagement

Posted on 23, April 2024 by

(IN BRIEF) Iberdrola, a leading European electricity company, inaugurates Shareholder Month, an event that includes the 2024 General Shareholders’ Meeting, emphasizing investor engagement. The virtual space, featuring thematic rooms, aims to inform and involve shareholders in discussions covering environmental, social, … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, Media, News, Spain, Technology

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Logicor’s Solar Initiative: Powering Sustainable Logistics in Spain

Posted on 23, April 2024 by

(IN BRIEF) Logicor, Europe’s leading logistics real estate owner, manager, and developer, has completed the installation of a 532 kWp photovoltaic (PV) plant near Girona, Spain. This initiative aims to reduce carbon emissions by 180 tons annually while providing sustainable … Read the full press release →

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

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TotalEnergies and OQ Finalize Marsa LNG Project, Pioneering Low-Emission LNG Production in Oman

Posted on 22, April 2024 by

(IN BRIEF) During a visit to Muscat, Patrick Pouyanné, Chairman and CEO of TotalEnergies, reaffirmed the enduring partnership between TotalEnergies and Oman by announcing the Final Investment Decision (FID) for the Marsa LNG project. This project, in collaboration with OQ, … Read the full press release →

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Bosch Champions Sustainability and Innovation at Hannover Messe 2024

Posted on 22, April 2024 by

(IN BRIEF) As Hannover Messe 2024 approaches, Bosch prepares to showcase its commitment to sustainability and innovation in industrial manufacturing. With a focus on addressing climate change and promoting resource conservation, Bosch’s diverse portfolio of solutions encompasses factory automation, hydrogen … Read the full press release →

Posted in Artificial Intelligence (AI), Awards, Business, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology

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Lithuania Advances Rail Electrification with EUR 200 Million Investment in Electric and Battery Trains

Posted on 20, April 2024 by

(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology, Transportation & Logistics

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Evonik Unveils Next-Gen Sustainable Additives at UTECH Europe 2024

Posted on 20, April 2024 by

(IN BRIEF) Evonik is set to showcase its latest solutions for the polyurethane industry at UTECH Europe 2024, emphasizing its commitment to sustainable innovation and deep understanding of polyurethane chemistry. Highlighting its portfolio transformation towards sustainable additive solutions based on … Read the full press release →

Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology

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Svenska kraftnät Awards AFRY Contract for Strengthening Transmission Capacity

Posted on 19, April 2024 by

(IN BRIEF) Svenska kraftnät, the Swedish state-owned enterprise, is embarking on an ambitious project called NordSyd to enhance the transmission network between electricity areas 2 and 3, aimed at facilitating the energy transition. AFRY has secured the contract for constructing … Read the full press release →

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

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Philips Museum Launches Interactive AI Exhibition: brAInpower

Posted on 19, April 2024 by

(IN BRIEF) The Philips Museum in Eindhoven, Netherlands, is set to unveil its new exhibition, ‘brAInpower,’ on April 20th, focusing on artificial intelligence (AI) and its impact, particularly in healthcare. Through interactive elements, rare collection pieces, and informative videos, visitors … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Financial, Healthcare, Industrial, Investment, Management, Media, Netherlands, News, Science, Technology

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Cutting Carbon: ZWILLING Unveils Earth Day Knife Set with Outokumpu Circle Green® Steel

Posted on 19, April 2024 by

(IN BRIEF) In celebration of Earth Day, ZWILLING collaborates with Outokumpu to launch a special edition knife block set crafted with Circle Green Dura stainless steel, embodying sustainability and style. The initiative underscores Outokumpu’s commitment to reducing carbon emissions in … Read the full press release →

Posted in Business, Environment, Finland, Industrial, Management, Metals and Minerals, News

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Lithuania’s Rail Revolution: EIB, NIB, and LTG Link Spearhead Electric Train Fleet Renewal

Posted on 19, April 2024 by

(IN BRIEF) In a landmark move towards sustainable transportation, the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link have sealed a financing deal to procure electric and battery-powered trains. With loans totaling €200 million, nine electric … Read the full press release →

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

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EIB and Ukraine Forge Strategic Partnership for Reconstruction and Growth

Posted on 19, April 2024 by

(IN BRIEF) The European Investment Bank (EIB) and the Government of Ukraine have solidified a strategic collaboration to bolster Ukraine’s reconstruction, recovery, and integration with the EU. This partnership, marked by a new memorandum of understanding (MoU), pledges €560 million … Read the full press release →

Posted in Banks, European Union, Financial, Government, Infrastructure & Utilities, Investment, Luxembourg, Ukraine

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EIB Invests €150 Million in Bhutan’s Renewable Energy Drive: A Step towards Carbon Neutrality

Posted on 18, April 2024 by

(IN BRIEF) In a landmark move, the European Investment Bank (EIB) has granted a €150 million loan to Bhutan, marking its first-ever investment in the country. This funding aims to bolster Bhutan’s renewable energy sector, particularly through the development of … Read the full press release →

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

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Fortum Commits to Clean Energy Future with Malta Hydropower Plant Modernization

Posted on 17, April 2024 by

(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, 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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EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

Posted on 16, April 2024 by

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release →

Posted in Austria, Banks, Business, Czech Republic, Economy, Environment, Financial, France, Germany, Government, Hungary, Industrial, Investment, Italy, Lithuania, Luxembourg, Management, News, Slovakia

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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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Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

Posted on 15, April 2024 by

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Switzerland

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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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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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Vantage Towers Appoints Leigh Ann Schell as Chief Human Resources Officer

Posted on 9, April 2024 by

(IN BRIEF) Leigh Ann Schell has been named the Chief Human Resources Officer (CHRO) of Vantage Towers AG, effective April 1, 2024. In her new role, Schell will focus on enhancing the tower company’s HR strategy, working closely with CEO … Read the full press release →

Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Management, News

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Telefónica’s Economic and Social Impact: Driving Growth and Sustainability

Posted on 9, April 2024 by

(IN BRIEF) Telefónica continues to make significant contributions to economic and social development, as highlighted in its Consolidated Management Report 2023. The group’s operations generated over €49 billion in Gross Domestic Product (GDP) in countries where it operates, with each … Read the full press release →

Posted in Business, Financial, Investment, Management, Spain, Technology, Telecom

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TotalEnergies Expands U.S. Gas Production with Dorado Leases Acquisition

Posted on 8, April 2024 by

(IN BRIEF) TotalEnergies has announced the acquisition of Lewis Energy Group’s 20% interest in the Dorado leases operated by EOG Resources in the Eagle Ford shale gas play, bolstering its natural gas production capacity in Texas. This move is set … Read the full press release →

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TotalEnergies and Papua New Guinea Prime Minister Discuss Progress of Papua LNG Project

Posted on 8, April 2024 by

(IN BRIEF) Prime Minister James Marape of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, convened to review the status of the Papua LNG project. TotalEnergies affirmed its commitment, alongside project partners ExxonMobil, Santos, and JX Nippon, … Read the full press release →

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ENTSO-E Hosts High-Level Roundtable on European Grid Action Plan Progress

Posted on 6, April 2024 by

(IN BRIEF) ENTSO-E recently convened a High-Level Roundtable, bringing together key stakeholders to assess advancements made since the inception of the EU Grid Action Plan for electricity and to pinpoint areas requiring further attention. With notable attendees including Minister of … Read the full press release →

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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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Fortum Commits to Ambitious Emissions Reduction Targets in Line with Climate Science

Posted on 5, April 2024 by

(IN BRIEF) Fortum, a leading clean energy provider, has completed the due diligence process after submitting an official commitment letter for the Science Based Targets initiative (SBTi). With a goal to align its emissions reduction targets with climate science, Fortum … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News

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SunMind Expands Renewable Energy Reach with SunWave Subsidiary

Posted on 5, April 2024 by

(IN BRIEF) SunMind, a subsidiary of VINCI Concessions specializing in renewable electricity production through photovoltaic power plants since 2022, is expanding its scope. With a focus on large-scale projects in new markets globally and supporting the solarization of VINCI Concessions’ … Read the full press release →

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VELUX Group Honored with Sustainability Impact Award for CO2 Emission Reduction Efforts

Posted on 4, April 2024 by

(IN BRIEF) The VELUX Group was recently awarded the Sustainability Impact to My Enterprise Award by Schneider Electric for its exceptional work in reducing scope 1 and 2 CO2 emissions. Presented at a ceremony in Paris, the award recognizes VELUX’s … Read the full press release →

Posted in Awards, Business, Construction, Denmark, Energy, Gas & Oil, Environment, Industrial, Management, News

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RWE Receives Major Milestone: Exclusive Licence for Offshore Wind Project in South Korea

Posted on 4, April 2024 by

(IN BRIEF) RWE, a global leader in renewable energy, has secured a significant achievement with the award of a 495-megawatt Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea for the development of the Seohae … Read the full press release →

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