(IN BRIEF) The GE Vernova—ANDRITZ HYDRO Corp. consortium has been awarded an EPC contract for the installation of two synchronous condensers at the LCRA TSC project in West Texas. The project, recommended by ERCOT, aims to improve grid stability in … Read the full press release
Posted in Austria, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Technology
Tagged AI demand, Andritz Hydro, Bakersfield substation, Daniel Carrier, energy demand, energy transformation, EPC contract, ERCOT, GE Vernova, grid stability, Industrial Growth, Kristian Koellner, LCRA Transmission Services Corporation, Olivier Ruiz, power outages, project, reactive power, renewable energy, renewable generation, Synchronous Condensers, Texas grid, voltage management, West Texas
(IN BRIEF) OMV has launched Austria’s largest green hydrogen production plant at its Schwechat refinery, with an annual capacity of up to 1,500 metric tons. This EUR 25 million investment will significantly reduce CO2 emissions by up to 15,000 metric … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged climate goals, CO2 emissions, energy transformation, energy transition, European climate targets, GREEN HYDROGEN, Hydrogen Plant, hydrogen production, Kommunalkredit, net-zero emissions, OMV, partnership, PEM electrolysis, renewable diesel, renewable energy, Schwechat refinery, sustainability, sustainable aviation fuel, sustainable fuels, WIVA P&G Hydrogen Initiative
(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Investment, Luxembourg, Small Business, Technology
Tagged climate change, digitalisation, EIF, energy transformation, Finland, Finnvera, Finnvera plc, green transition, innovation loan, InvestEU programme, SMEs, The European Investment Fund
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