Tag Archives: ENERGY

EIB Provides €105 Million Loan to Tuusula Municipality for Energy-Efficient School Complexes

(IN BRIEF) The European Investment Bank (EIB) has provided a €105 million loan to the Municipality of Tuusula in Finland to construct energy-efficient school complexes for 3,500 students. The project, spanning three neighborhoods, aims to create modern educational spaces aligned … Read the full press release

EIB Pledges €10.3 Billion for Climate-Resilient Agriculture, Energy, and Infrastructure in Europe

(IN BRIEF) The European Investment Bank (EIB) has committed €10.3 billion to support various European sectors, including agriculture, energy, water, education, and innovation. This funding includes €900 million for immediate reconstruction in flood-affected areas and a landmark €3 billion initiative … Read the full press release

EIF Commits €100 Million to Boost Green Energy Projects in Scandinavia through Prime Capital Fund

(IN BRIEF) The European Investment Fund (EIF) has committed €100 million to the Prime Green Energy Infrastructure Fund II (PGEIF II), managed by Prime Capital AG, to support renewable energy projects in Scandinavia. This brings the fund’s total size to … Read the full press release

Eni Honors Groundbreaking Energy and Sustainability Innovations at 2024 Awards Ceremony

(IN BRIEF) Eni held its 2024 Eni Award ceremony at the Quirinal Palace in Rome, recognizing outstanding achievements in energy and environmental research. The awards highlighted innovations in carbon capture, renewable energy, and sustainable technologies. Key winners included Marc Fontecave … Read the full press release

NIB Provides SEK 200 Million Loan for Energy-Efficient Renovations of Bonnier Fastigheter’s Properties

(IN BRIEF) The Nordic Investment Bank (NIB) has granted an eight-year SEK 200 million (EUR 17.05 million) loan to Bonnier Fastigheter AB to fund the refurbishment of five buildings in Stockholm and Uppsala. The renovations focus on improving energy efficiency, … Read the full press release

Centrica Launches Energised Futures to Simplify and Affordable Energy for Consumers

(IN BRIEF) Centrica has introduced Energised Futures, a new start-up venture aimed at simplifying and reducing the cost of energy for consumers. The venture will combine research, innovation, and development expertise from various Centrica brands, including British Gas and Hive, … Read the full press release

TotalEnergies Partners with Wood on $46M Contract to Enhance Energy Sustainability in Iraq

(IN BRIEF) Wood secures a $46 million contract over three years from TotalEnergies to provide engineering and consulting services for the Associated Gas Upstream Project in Iraq. The project aims to recover flared gas in the Basra region and includes … Read the full press release

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

bp Streamlines Organizational Structure to Drive Value Growth

(IN BRIEF) In a move to enhance operational efficiency and focus on delivering its priorities, bp announces a simplification of its organizational structure. The company will maintain three core businesses – production & operations, gas & low carbon energy, and … Read the full press release

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

(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

MYTILINEOS and Powerledger Revolutionize Energy Transparency in Greece

(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

TotalEnergies Marks 100 Years of Energy Innovation and Leadership

(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

EBRD Invests €25 Million in Vilnius Residential Energy Efficiency Fund

(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

Vattenfall’s Women Lead the Charge: Progress and Promises for Gender Diversity in Energy

(IN BRIEF) In the midst of International Women’s Day celebrations, Vattenfall, a key player in the energy market, showcases its commitment to gender diversity and equality. With women outnumbering men in top-level management, including the CFO Kerstin Ahlfont, Vattenfall highlights … Read the full press release

Euronext Welcomes Espe’s Renewable Energy Solutions to Milan Market

(IN BRIEF) Espe, an energy company based near Padua, Italy, has been listed on Euronext Growth Milan, marking its third listing in 2024 and the sixth overall on Euronext this year. The company specializes in industrial electrical and automation systems, … Read the full press release

Plenitude Enhances Spanish Offshore Wind Portfolio with BlueFloat and Sener Collaboration

(IN BRIEF) Plenitude, an Italian energy company specializing in renewable energy, has joined forces with BlueFloat Energy and Sener Renewable Investments to advance offshore wind projects in Spain. This partnership strengthens their existing consortium and creates a dominant player in … Read the full press release

RWE’s Agrivoltaics Plant in Germany Begins Green Electricity Supply

(IN BRIEF) RWE’s agrivoltaics (Agri-PV) plant in Germany, which integrates power generation and agriculture, has commenced the supply of green electricity to the grid after a rapid five-month construction period. Located on approximately seven hectares of recultivated land near the … Read the full press release

ANDRITZ Expands Environmental and Energy Focus with New Business Area and Financial Reporting Changes

(IN BRIEF) International technology group ANDRITZ has announced the establishment of a new business area called “Environment & Energy” to consolidate its environmental and energy-focused technologies, aiming to better align with the markets it serves. ANDRITZ Environment & Energy offers … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

Iberdrola’s Commitment to Innovation Garners Second Consecutive Recognition from European Commission

(IN BRIEF) Iberdrola, a major energy company, has received recognition as the world’s leading private utility for investment in innovation and development, marking its second consecutive year of achievement in this regard. The European Commission’s report, ‘The 2023 Industrial R&D … Read the full press release

Portugal’s Floene Enhances Cybersecurity in Energy Distribution Through ENCS Membership

(IN BRIEF) The European Network for Cyber Security (ENCS) welcomes Floene as its newest member, focused on enhancing cyber defenses in Europe’s energy sector. Floene manages Portugal’s largest gas distribution network and boasts modern infrastructure for renewable gas distribution, including … Read the full press release

AI Technology Revolutionizes Energy Efficiency in Buildings, Cutting Consumption and Emissions

(IN BRIEF) AI technology has the potential to significantly reduce energy consumption in buildings, which account for a substantial portion of energy usage and carbon dioxide emissions in the EU. By using sensors to collect data on temperature, humidity, and … Read the full press release

Nordic Investment Bank Collaborates with Lithuania to Boost Energy Efficiency in Public Buildings

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 20-year credit facility with Lithuania to co-finance the energy efficiency program for public buildings from 2023 to 2026. This financing will be used to renovate 25 public buildings, leading to … Read the full press release

New Report by Energy Efficiency Movement Charts Path to Significant Emissions Reduction and Cost Savings for Industries

(IN BRIEF) The Energy Efficiency Movement (EEM), founded by ABB and comprising over 400 organizations worldwide, has published a report titled “The Case for Industrial Energy Efficiency.” This report offers corporate leaders insights into ten measures that leverage mature technologies … Read the full press release

Eni Awards 2023 Recognize Pioneering Research in Energy and Environment

(IN BRIEF) The Eni Awards ceremony for 2023 took place at Palazzo del Quirinale in Rome, attended by the President of the Republic Sergio Mattarella, Eni’s Chairman Giuseppe Zafarana, and Eni’s CEO Claudio Descalzi. These awards, now in their fifteenth … Read the full press release

Enel Joins Forces with Atalanta Football Club as Official Energy Partner for Sustainability

(IN BRIEF) Enel, a multinational power company, has entered into a partnership with Italy’s Atalanta football club to become its Official Energy Partner. As part of the collaboration, Enel’s logo will feature prominently at Atalanta’s stadium, including on LED screens, … Read the full press release

Wärtsilä’s Quest for Sustainable Solutions Gets a EUR 75 Million Boost from NIB

(IN BRIEF) The Nordic Investment Bank (NIB) and Wärtsilä Corporation, a Finnish technology group, have entered into a ten-year EUR 75 million investment loan agreement. This partnership aims to finance Wärtsilä’s research and development (R&D) activities from 2023 to 2025, … Read the full press release

DNV Expands Energy Services with Acquisition of ANB Systems, Bolstering Energy Efficiency Solutions

(IN BRIEF) DNV has acquired ANB Systems, a Houston-based software as a service (SaaS) company specializing in energy program services for utility and regulatory body customers. The move is part of DNV’s commitment to supporting the energy transition by enhancing … Read the full press release

Trust in AI Essential for Advancing Energy Transition, DNV Report Finds

(IN BRIEF) A DNV report highlights that trust in artificial intelligence (AI) is a crucial factor in its effective use for accelerating the energy transition. While AI is being utilized in the energy sector, companies remain cautious due to new … Read the full press release

Santander CIB Invests in EIT InnoEnergy to Propel Sustainable Energy Innovations

(IN BRIEF) Santander Corporate & Investment Banking (Santander CIB) has acquired a stake in EIT InnoEnergy, a sustainable energy pioneer, as part of a EUR 140 million investment round alongside other strategic partners. This investment aligns with Santander’s strategy to … Read the full press release

Hydro’s Norwegian Aluminium Smelters Lead the Way with New Energy Efficiency Measures

(IN BRIEF) Hydro, a leading aluminium producer, is taking significant steps to enhance energy efficiency across its five aluminium smelters in Norway. The measures will lead to a reduction in electricity consumption, starting with the installation of LED lights and … Read the full press release

Bosch Commences Volume Production of Fuel-Cell Power Module, Investing €2.5 Billion in Hydrogen Technology

(IN BRIEF) Bosch has announced the start of volume production of its fuel-cell power module, marking its entry into the hydrogen age of mobility. The module will be used in Nikola Corporation’s Class 8 hydrogen fuel cell electric trucks, scheduled … Read the full press release

STMicroelectronics Unveils Breakthrough Solutions for Smart Mobility and Energy at electronica China 2023

(IN BRIEF) STMicroelectronics (NYSE: STM) will participate in electronica China 2023, where it will exhibit its sustainable technologies and solutions for Smart Mobility, Power & Energy, and Internet of Things & Connectivity. The company will showcase an electric vehicle model … Read the full press release

EnBW Inaugurates Largest Solar Park in Baden-Württemberg, Providing Climate-Friendly Energy for Thousands of Households

(IN BRIEF) EnBW has officially inaugurated the largest solar park in the Tuttlingen district of Baden-Württemberg, Germany. With a capacity of 17.3 megawatts, the solar park in Emmingen-Liptingen has the potential to provide climate-friendly energy to approximately 5,800 households. The … Read the full press release

Former Enel CEO Francesco Starace Appointed Partner at EQT Infrastructure

Former Enel CEO Francesco Starace Appointed Partner at EQT Infrastructure

(IN BRIEF) Francesco Starace, former CEO and General Manager of Enel, one of the world’s largest energy utility companies, has been appointed as a Partner within the EQT Infrastructure Advisory Team. EQT, a global investment organization, is excited to welcome … Read the full press release

Octopus Energy’s Kraken platform expands reach through strategic partnership with Plenitude

(IN BRIEF) Plenitude, the retail energy business of Eni, and Kraken, the tech platform of Octopus Energy Group, have entered into a strategic partnership to help Plenitude expand its presence in international retail energy markets. Plenitude will adopt the Kraken … Read the full press release

Swiss Museum of Transport and Empa collaborate on “Experience Energy!” exhibition

(IN BRIEF) The Swiss Museum of Transport has opened a new exhibition, “Experience Energy!” at its purpose-built “House of Energy” in Lucerne. The exhibition aims to promote cross-generational dialogue on the Energy Strategy 2050 and has been created in collaboration … Read the full press release

JA Europe, Intel, Abodoo, and Other Organizations Join EIT’s Ambitious Goal to Train One Million Europeans in Deep Tech by 2025

(IN BRIEF) The European Institute of Innovation & Technology (EIT) has announced new pledges from Abodoo, Computer Vision Center Barcelona, Generation, Intel Corporation, JA Europe, Tampere University of Applied Sciences, and the Technical University of Cluj-Napoca to join the Deep … Read the full press release

Maersk’s Divestment of Maersk Supply Service Marks Completion of New Strategy Around Integrated Logistics

(IN BRIEF) A.P. Moller – Maersk has agreed to divest its Maersk Supply Service to A.P. Moller Holding, the parent company of the A.P. Moller Group, for a value of $685m. The divestment represents the final step in the separation … Read the full press release

EU Funded SUNRISE Project to Strengthen Critical Infrastructure Resilience Against Pandemics and Other Risks

(IN BRIEF) The EU has launched the SUNRISE project, which aims to improve the resilience of critical infrastructures in Europe, including transport, energy, water, and healthcare, against the impact of pandemics and other major risks. The project, which is set … Read the full press release