Tag Archives: energy efficiency

Ericsson Secures €420 Million EIB Funding for 5G Technology Development and Energy Efficiency

(IN BRIEF) Ericsson has inked two funding agreements with the European Investment Bank (EIB) totaling €420 million, with an initial disbursement of €250 million in December 2023. These loans will bolster Ericsson’s financial position and support its research, development, and … Read the full press release

Schneider Electric Highlights Role of Private Sector in Emissions Reduction at World Economic Forum

(IN BRIEF) Schneider Electric executives are participating in the World Economic Forum, highlighting the need for more immediate action to combat climate change. They stress that existing technologies should be widely deployed to address environmental concerns, as energy consumption accounts … Read the full press release

EU’s €3 Million Injection Powers Energy Efficiency in Ukrainian Public Buildings

(IN BRIEF) The European Investment Bank (EIB) has allocated €3 million to the Ukrainian government as part of the EIB Ukraine Solidarity Urgent Response package. The funds will be used to implement energy-saving renovations in 18 public healthcare and educational … Read the full press release

EIB Group and Santander Collaborate on Securitisation Deal to Boost Green Mortgages and Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and European Investment Fund, has partnered with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing the … Read the full press release

EIB and EIF Partner with Santander to Advance Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) and European Investment Fund (EIF) have collaborated with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing nearly-zero-emission building construction and the renovation … Read the full press release

bp and BWT Alpine F1 Team Join Forces to Boost Energy Efficiency and Sustainability

(IN BRIEF) bp and BWT Alpine F1 Team have announced a partnership focused on enhancing energy efficiency and sustainability at the Alpine F1 Team’s Enstone facility in Oxfordshire. The collaboration leverages bp’s advanced data measurement and analysis tools, including DIGBOX®, … Read the full press release

Plenitude and Saipem Collaborate to Install 1 MWp Solar System, Advancing Energy Efficiency and Sustainability Goals

(IN BRIEF) Plenitude (Eni) and Saipem have entered into an agreement to install a 1 MWp photovoltaic system at Saipem’s offices in Fano, Italy. The system is expected to generate over 1,000 MWh of solar power annually, meeting a significant … Read the full press release

Ericsson Issues €500 Million Green Bond to Advance Energy Efficiency

(IN BRIEF) Ericsson, a leading communications technology company, has successfully issued a €500 million green bond with a 4.5-year maturity. The bond, part of Ericsson’s Euro Medium Term Note Program (EMTN), will fund investments in energy efficiency. Ericsson’s CFO, Carl … Read the full press release

Schneider Electric Survey Reveals Energy Efficiency Tops the List of Popular Home Improvements

(IN BRIEF) A survey conducted by Schneider Electric reveals that 86% of consumers consider making homes more energy-efficient as the most popular home improvement action. Energy security (83%), cooling (79%), and energy independence (78%) also rank highly among energy-related home … Read the full press release

BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”

(IN BRIEF) BevZero, a prominent player in beverage industry innovation, has launched its advanced energy-saving Tank Insulation system, “BevClad,” in Europe. This marks a significant milestone in Europe’s tank insulation sector, known for its commitment to energy efficiency and sustainability. … Read the full press release

Sustainability Milestone: CapMan Hotels Fund Slashes Energy Usage Amidst Market Rebound

(IN BRIEF) The CapMan Real Estate Hotels Fund has made significant strides in transforming its portfolio towards sustainability between 2021 and 2022. Despite a post-pandemic market resurgence, the fund achieved a 37% reduction in CO2 emissions and a remarkable 8% … Read the full press release

T-Systems Data Center in Biere Receives European Code of Conduct Award for Energy Efficiency

(IN BRIEF) The European Commission has honored the T-Systems data center in Biere, near Magdeburg, with the European Code of Conduct Award. Among 120 companies considered, the award recognizes data centers that have significantly reduced their energy consumption. The assessment … Read the full press release

Continental Unveils Conti CityPlus Tire for Enhanced Energy Efficiency and UltraContact NXT, the Most Sustainable Series Tire

(IN BRIEF) Continental has introduced its new tire concept, Conti CityPlus, at IAA Mobility in Munich, featuring state-of-the-art technology that enhances tire energy efficiency by up to 10 percent. This innovation contributes to reduced CO2 emissions from combustion engine cars … Read the full press release

ANDRITZ to Install Advanced Shoe Press for Enhanced Paper Quality and Energy Efficiency at Lee & Man’s Malaysian Mill

(IN BRIEF) ANDRITZ, an international technology group, has received its ninth order for a PrimePress X shoe press from Lee & Man Paper Manufacturing Ltd. This press will be installed in Lee & Man’s Banting, Malaysia mill to enhance paper … Read the full press release

ABB Collaborates with Northvolt to Enhance Energy Efficiency and Battery Recycling for Sustainable Future

(IN BRIEF) ABB will provide switchgears and variable speed drives to Northvolt Ett, a battery gigafactory in Sweden, aiming to match power output with factory processes to improve energy efficiency, performance, and maintenance. Northvolt Ett, powered by 100% fossil-free energy, … Read the full press release

Infineon Introduces CoolSiC MOSFETs for Enhanced Energy Efficiency in Power Applications

(IN BRIEF) Infineon Technologies AG has introduced its silicon carbide (SiC) CoolSiC™ MOSFET 650 V in TO leadless (TOLL) packaging to address the growing demand for energy efficiency in the digitalization and electro-mobility era. These SiC MOSFETs are optimized for … Read the full press release

Alarming Figures: 9.3% of EU Population Can’t Afford Adequate Home Heating, European Economic and Social Committee (EESC) Warns

(IN BRIEF) Approximately 42 million people in the European Union (EU) are unable to afford proper heating for their homes, according to the European Economic and Social Committee (EESC). The EESC emphasized the need for the EU to take decisive … Read the full press release

EU Parliament Enacts Legislation to Boost Energy Efficiency and Tackle Climate Crisis

(IN BRIEF) The European Parliament has adopted new energy efficiency rules as part of the European Green Deal. The legislation sets targets for reducing energy consumption by 11.7% at the EU level by 2030, compared to projected figures. Member states … Read the full press release

EBRD Charts Course for Croatia’s Green Economy Transition and Competitiveness

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a five-year strategy for investment in Croatia. The strategy focuses on supporting competitiveness through innovation and good governance, accelerating Croatia’s transition to a green economy, and enhancing resilience … Read the full press release

EIB Group and Santander Launch First Synthetic Securitization Transaction for Energy Efficiency in Portugal

(IN BRIEF) The EIB Group and Santander have signed an agreement to support energy efficiency investments in Portugal through a synthetic securitization transaction. The partnership aims to finance the construction of nearly-zero-emissions buildings and the renovation of existing residential properties … Read the full press release

European Investment Bank approves €6.6bn for sustainable transport, clean energy, corporate innovation and education

(IN BRIEF) The European Investment Bank (EIB) has approved €6.6 billion of new financing to support sustainable transport, clean energy, corporate innovation, and education investment worldwide. The EIB Board of Directors also adopted a mid-term review of the EIB’s Energy … Read the full press release

EBRD and Sparkasse Bank in North Macedonia increase funding for energy-saving measures

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Sparkasse Bank in North Macedonia have teamed up to provide additional funds to homeowners for energy-saving measures. Under the Green Economy Financing Facility (GEFF) programme for the Western Balkans, … Read the full press release

Recycling and Energy Efficiency Measures Top Climate Mitigation Actions by EU Firms, Says EIB Report

(IN BRIEF) The European Investment Bank (EIB) has released its Climate Investment Report for 2022-23 (EIBIS Climate), which shows that the share of European firms investing in climate has increased by 10 percentage points in the last year, reaching an … Read the full press release

illimity Bank’s digital arm b-ilty to provide funding for Italian SMEs in new EIB deal

(IN BRIEF) The European Investment Bank (EIB) has signed a €200m deal with illimity Bank to provide funding to small and medium-sized enterprises (SMEs) in Italy. The two banks will mobilize €100m each in 2023 to ensure that SMEs have … Read the full press release

Swedfund invests $30 million in Mirova Gigaton Fund to accelerate clean energy transition in emerging markets

(IN BRIEF) Swedfund, a Swedish development finance institution, invested USD 30 million in the Mirova Gigaton Fund on March 1. The Mirova Gigaton Fund, launched by Mirova, a Natixis affiliate, aims to provide debt financing to clean energy projects in … Read the full press release

Alfa Laval’s Platinum Membership with Open Compute Project Signals Support for Energy Efficiency in Data Centers

(IN BRIEF) Alfa Laval has become a platinum member of the Open Compute Project (OCP) to support energy efficiency and sustainability in data centers. The OCP is a community focused on redesigning hardware technology to efficiently support the growing demands … Read the full press release

ANDRITZ’s PrimeDry Hood E Offers Flexible Heating Choices for Sustainable Tissue Production

(IN BRIEF) International technology group ANDRITZ has launched a new drying hood, called the PrimeDry Hood E, that features electric heating elements to replace fossil fuel-based systems used in tissue machines. The new hood offers up to a 70% reduction … Read the full press release

Infineon and Infinitum collaborate to drive decarbonization and energy efficiency in industrial applications

(IN BRIEF) Infineon Technologies has partnered with Infinitum to provide semiconductor components for the latter’s Aircore EC motor. Infineon will provide silicon carbide (SiC) CoolSiC MOSFETs, which help to optimise the motor’s power and energy savings. The Infinitum Aircore EC … Read the full press release

Das LimeCool-System von ANDRITZ verhilft Stora Enso Imatra zu einer höheren Energieeffizienz

(IN KÜRZE) ANDRITZ, ein internationaler Technologiekonzern, hat erfolgreich ein energieeffizientes LimeCool-System im Zellstoffwerk von Stora Enso in Imatra, Finnland, installiert. Das LimeCool-System nutzt die Wärme des verarbeiteten heißen Kalks im Kalkofen und erreicht so eine höhere Energieeffizienz und eine gesteigerte … Read the full press release

ANDRITZ’s LimeCool System Helps Stora Enso Imatra Achieve Higher Energy Efficiency

(IN BRIEF) ANDRITZ, an international technology group, has successfully installed an energy-efficient LimeCool system at Stora Enso’s pulp mill in Imatra, Finland. The LimeCool system uses the heat of the processed hot lime in the lime kiln, achieving higher energy … Read the full press release

Piraeus Bank Secures €10 Million Investment from EBRD for Balance Sheet Securitisation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €10 million in the senior mezzanine tranche of a synthetic balance sheet securitisation of a €1.3 billion portfolio of performing small and medium-sized enterprise (SME) and corporate loans … Read the full press release

Nokia Launches Sixth-Generation Photonic Service Engine, PSE-6s

(IN BRIEF) Nokia has launched its sixth-generation super-coherent photonic service engine, the PSE-6s, which supports the efficient delivery of high-speed services, including 800 Gigabit Ethernet (GE), over distances of 2,000km and beyond. The PSE-6s is capable of reducing network power … Read the full press release

Plenitude brings innovation and sustainability to the 73rd edition of the Sanremo Festival

(IN BRIEF) Plenitude, a Benefit Corporation of Eni, is partnering with Rai and Rai Pubblicità for the 73rd edition of the Sanremo Festival in Italy. Plenitude’s focus will be on energy transition and innovation. The company will help power the … Read the full press release

EBRD Boosts Turkish Transition to Green Economy with €25M Loan to GarantiBBVA Leasing

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €25 million loan to GarantiBBVA Leasing in Türkiye to support lending to businesses for energy efficiency and renewable energy projects. The loan will provide lease financing to … Read the full press release

Get the Latest Insights on Energy Efficiency and Clean Energy at Alfa Laval’s Net-zero Launch event

(PRESS RELEASE) LUND, 9-Jan-2023 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced it is hosting an event in February to showcase innovative products and insights related to sustainability in process … Read the full press release

ZF’s Innovative Heated Seat Belt Increases Range of Electric Vehicles in Cold Conditions

(PRESS RELEASE) ALFDORF, Germany, 5-Jan-2023 — /EuropaWire/ — ZF, a German car parts supplier and the world’s leading supplier of automotive cameras, has announced it developed a heated seat belt option for electric vehicles that aims to improve the energy … Read the full press release

New report: 10 actions industry can take right now to reduce energy costs and carbon emissions

Independent report highlights 10 actions to help industrial users improve their energy efficiency right now Improving energy efficiency will reduce energy bills and emissions substantially in the short- to mid-term, without compromising productivity Industry is the world’s largest consumer of … Read the full press release

The Solas Sustainable Energy Fund ICAV (SSEF) now has €220 million in committed capital  aimed at supporting energy efficiency and renewable energy projects across the European Union

SSEF, backed by its cornerstone investors including MEAG (the asset manager of Munich Re and ERGO) and the EIB, and supported by the EU LIFE Programme, is providing financing for much-needed energy efficiency and behind-the-meter renewable energy projects across the … Read the full press release

CapMan to lower temperature one degree across retail and office buildings during the heating season as part of a new energy savings initiative

(PRESS RELEASE) HELSINKI, 5-Oct-2022 — /EuropaWire/ — CapMan, a leading Nordic private asset expert listed on the Nasdaq Helsinki, has announced the firm will lower down by one degree the temperature across its retail and office buildings during the heating … Read the full press release

Energy and marine consultancy ABL Group strengthens its energy transition offerings with the acquisition of Add Energy, a Norway based energy and engineering consultancy firm

(PRESS RELEASE) LONDON, 11-Jul-2022 — /EuropaWire/ — ABL Group (OSE: ABL Group ASA – ticker code “ABL”), a leading independent global energy and marine consultancy, working in energy and oceans to de-risk and drive the energy transition, has announced the … Read the full press release