(IN BRIEF) Eni has launched HPC6, a cutting-edge supercomputer with a peak performance of 606 PFlop/s, ranking fifth globally and first in Europe for industrial use. HPC6 supports Eni’s decarbonization and energy transition efforts by enhancing CO2 storage research, biofuel … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News, Technology
Tagged Claudio Descalzi, energy transition, Eni, HPC6, partnership, supercomputing, sustainability
(IN BRIEF) Webuild, leading a joint venture with GS E&C and Bouygues Construction, has signed a AU$1.7 billion contract to construct the Tunnels North segment of Melbourne’s Suburban Rail Loop (SRL) East, aimed at enhancing sustainable public transit options for … Read the full press release
Posted in Business, Construction, Industrial, Infrastructure & Utilities, Italy
Tagged AU$1.7 billion, Bouygues Construction, Box Hill, congestion reduction, energy transition, Glen Waverley, GS E&C, infrastructure, Melbourne, orbital rail line, public transportation, SRL East, Suburban Rail Loop, sustainable transit, transportation, tunnel-boring machines, Tunnels North, Webuild
(IN BRIEF) Pilot Energy Limited and Electriq Global have signed a Memorandum of Understanding (MoU) to explore the use of Electriq’s innovative hydrogen powder transport, storage, and power generation technologies for off-grid energy needs in Western Australia’s Mid-West and Gascoyne … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Technology
Tagged Baruch Halpert, Brad Lingo, clean energy, Clean Energy Project, Clean hydrogen, CleanEnergyFuture, Electriq, Electriq Global Limited, Electriq Powder, Electriq Release, Energy Storage Innovations, energy transition, Gascoyne regions, Hydrogen Powder, hydrogen powder power generation technology, hydrogen powder storage, hydrogen powder transport, hydrogen power generation, Hydrogen Storage, hydrogen transport, HydrogenEnergy, HydrogenStorage, Mid-West Australia, MoU, off-grid energy users, Pilot, Pilot Energy Limited, solid hydrogen carriers, SustainableEnergy, Western Australia
(IN BRIEF) Eni has completed the sale of its Alaskan oil assets, Nikaitchuq and Oooguruk, to Hilcorp for $1 billion. This divestment aligns with Eni’s strategy to streamline its upstream portfolio by focusing on core assets and contributing to its … Read the full press release
(IN BRIEF) CRH has launched a new wind farm in Romania to power its Medgidia Cement Plant, the first of its kind dedicated exclusively to a cement facility in the country. This renewable energy initiative will meet a significant portion … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Management, News, Romania, Technology
Tagged CRH, energy transition, Eunice Heath, Medgidia Cement Plant, partnership, Romania, sustainability, wind farm
(IN BRIEF) Statkraft has applied for a permit to develop the 2.1 GW Baltic Offshore Delta North wind farm in the Baltic Sea, located 100 kilometers east of Stockholm. This bottom-fixed offshore wind project, designed to generate up to 8 … Read the full press release
(IN BRIEF) TotalEnergies has acquired a 50% stake in two offshore wind projects, N-9.1 and N-9.2, from RWE. Located off the German coast, these projects, with a combined capacity of 4 GW, are expected to be commissioned in 2031 and … Read the full press release
(IN BRIEF) The Enel Group participated in the 79th United Nations General Assembly and New York Climate Week, engaging in discussions on climate action, sustainable development, and a just energy transition. Key executives, including Nicolò Mardegan and Gianni Vittorio Armani, … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Italy, Management, Media, News, Technology
Tagged Alberto De Paoli, awardsinability, Climate Action, Enel Group, energy transition, Gianni Vittorio Armani, leadership, New York Climate Week, Nicolò Mardegan, UN General Assembly
(IN BRIEF) Evonik has launched a new innovation strategy aimed at generating €1.5 billion in additional sales by 2032. The strategy focuses on three key areas: bio-based solutions, the energy transition, and the circular economy. These initiatives will help drive … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged bio-based solutions, circular economy, energy transition, Evonik, Harald Schwager, INNOVATION, Ralph Marquardt, sustainability
(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, United Kingdom
Tagged Apollo Global Management, BP, bp Pipelines TAP Limited, energy infrastructure, energy transition, Europe, Gas Projects, Greece, Italy, Leslie Mapondera, low-carbon energy, natural gas, Shah Deniz gas field, Skardon Baker, strategic partnership, TAP, Trans Adriatic Pipeline, William Lin
(IN BRIEF) SUEZ has made a strategic investment in French start-up Purple Alternative Surface, aiming to expand its production of permeable paving solutions made from non-recycled plastic waste. With SUEZ’s support, Purple will increase its production capacity to 200,000 m² … Read the full press release
Posted in Business, Construction, Environment, France, Industrial, Infrastructure & Utilities
Tagged 2024 projects, ADEME, circular economy, construction industry, Cravanche, energy transition, environmental innovation, France, French Environment and Energy Management Agency, greenhouse gas emissions, modular pavements, non-recycled plastic waste, parking lots, permeable paving, plastic recycling, public works, Purple Alternative Surface, retail, soil sealing, SUEZ, sustainable solutions, venture capital, wind turbine blades
(IN BRIEF) Encavis AG has secured €61 million in project financing for its 114 MW Borrentin solar park in Germany. The financing was provided by Bayerische Landesbank and will help complete the solar park by the end of September 2024. … Read the full press release
(IN BRIEF) Intesa Sanpaolo, along with a consortium of international banks, has committed NZ$267 million (approximately €150 million) in green financing to support the construction of the Kōwhai Solar Park in Christchurch, New Zealand. This solar park, a joint venture … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Contact Energy, energy transition, Intesa Sanpaolo, Kōwhai Solar Park, Lightsource BP, New Zealand, Nicola Doninelli, partnership, sustainability
(IN BRIEF) Siemens is launching new enhancements to its Gridscale X software suite, aimed at helping Transmission System Operators (TSOs) manage the complexities of the energy transition. Unveiled at the CIGRE Paris Session 2024, the new tools—“Gridscale X Protection Data … Read the full press release
(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged E.ON, energy transition, Financial, investments, Leonhard Birnbaum, sustainability
(IN BRIEF) Enilive, a subsidiary of Eni, has partnered with Poste Italiane to supply biofuels for its ground and air fleets, aiming to accelerate Poste Italiane’s progress toward its 2030 energy transition and carbon neutrality goals. The collaboration involves supplying … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Italy, Transportation & Logistics
Tagged agri-food by-products, air transport, aircraft, animal fat, biofuels, biorefineries, carbon footprint, carbon neutrality, collaboration agreement, energy transition, Enilive, Enilive service stations, environmental policies, ESG principles, European Renewable Energy Directive, Giuseppe Lasco, Giuseppe Ricci, green transition, ground vehicles, HVOlution, Italy, JET A1+Eni Biojet, Multicard, Poste Italiane, ReFuelEU, renewable diesel, Road transport, SAF, sustainable aviation fuel, sustainable vehicles, used cooking oils
(IN BRIEF) Zurich Insurance Group and Aon have launched a comprehensive insurance facility to support blue and green hydrogen projects globally, with coverage for projects up to USD 250 million. This initiative, led by Zurich and brokered exclusively by Aon, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Insurance, Switzerland
Tagged Aon, Aviation, blue hydrogen, carbon capture, CCUS technologies, clean energy insurance, commercial insurance, eco-friendly, energy storage, energy transition, GREEN HYDROGEN, hydrogen combustion, hydrogen projects, industrial processes, Joseph Peiser, manufacturing steel, net-zero transition, producing chemicals, refining petrol, renewable energy, shipping, Sierra Signorelli, sustainable solutions, transportation, treating metals, Zurich Insurance Group
(IN BRIEF) A joint report commissioned by E.ON and Thüga, conducted by the Institute of Energy Economics at the University of Cologne (EWI), assesses the strategic placement of electrolyzers across Germany to support the energy transition. The study identifies regions … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Christoph Ullmer, E.ON, electrolyzers, energy transition, Gabriel Clemens, Germany, Thüga
(IN BRIEF) EY’s latest Renewable Energy Country Attractiveness Index (RECAI 63) underscores the critical role of battery energy storage systems (BESS) in addressing global energy challenges amid substantial clean energy investments. The index identifies the US, China, and the UK … Read the full press release
(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
(IN BRIEF) REN, Redes Energéticas Nacionais, has revealed its Strategic Plan for 2024–2027, emphasizing its dedication to facilitating the Energy Transition while maintaining financial stability and operational excellence. The plan outlines ambitious sustainability goals, including significant reductions in emissions and … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Portugal
Tagged energy transition, Financial, investment, REN, sustainability
(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, Barclays, Cathal Deasy, energy transition, leadership, Marie Freier, Mike Cormier, Rafael Abati, sustainability, Tim Main
(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
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management
Tagged 100th anniversary, Compagnie Française des Pétroles, COP28, decarbonized power, Direct Energie, electricity, Elf-Aquitaine, ENERGY, energy transition, France’s energy supply, hydrocarbons, LNG, Maersk Oil, multi-energy company, natural gas, oil, Petrofina, renewables, Saft, TotalEnergies
(IN BRIEF) MOL Group has initiated the application process for its renowned fresh graduate program, Growww, offering over 90 positions across 8 countries to young professionals eager to contribute to the energy transition. The program, which has attracted thousands of … Read the full press release
Posted in Business, Energy, Gas & Oil, Hungary, Industrial, Management, Media, News
Tagged energy transition, Growww Program, Lana Faust Križan, MOL Group, recruitment, young professionals
(IN BRIEF) TotalEnergies has secured over 1.5 GW of renewable Power Purchase Agreements (PPAs) with 600+ industrial and commercial clients globally. With 1.1 GW already operational, generating 1.5 TWh annually, an additional 400 MW will be commissioned by year-end. These … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Infrastructure & Utilities, Management
Tagged battery storage, biogas, CO₂ capture, CO₂ storage, CO₂ use, electric mobility, electricity, energy transition, floating photovoltaic plant, GRP steel factory, Gunung Raja Paksi steel factory, Holcim Belgium, hydrogen, JFK Airport, low-carbon fuels, Power Purchase Agreements, PPAs, PV plant, renewable, renewable electricity, Rooftop Solar System, Sharqiyah Desalination Plant, solar carport project, solar electricity, solar facility, sustainable aviation fuel, TotalEnergies, Veolia, Vincent Stoquart
(IN BRIEF) Naturgy, a prominent energy group, announced strong financial results for 2023 despite challenging market conditions. Their EBITDA increased by 11%, reaching 5,475 million euros, with a 20% rise in net profit to 1,986 million euros. The company heavily … Read the full press release
(IN BRIEF) TotalEnergies, the Automobile Club de l’Ouest (ACO), and Le Mans Endurance Management (LMEM) have extended their partnership for five years, until 2028, aiming to support ACO’s energy transition goals. Committed to achieving net zero emissions by 2030 under … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, France, Industrial, Management, Media, News, Sports
Tagged Automobile Club de l’Ouest (ACO), Endurance Racing, energy transition, Excellium Racing 100, Frédéric Lequien, Le Mans Endurance Management (LMEM), partnership, Patrick Pouyanné, Pierre Fillon, sustainability, TotalEnergies
(IN BRIEF) DNV, a leading independent energy expert, released its 2024 UK Energy Transition Outlook (ETO) report, highlighting the urgent need for the UK Government to prioritize long-term policy clarity and consistency to drive the transition away from fossil fuels. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Infrastructure & Utilities, Norway, Technology, United Kingdom
Tagged 2024 UK Energy Transition Outlook, CCS, Clara Barby CBE, Dean Cooper, DNV, electric vehicles, energy CAPEX, energy infrastructure, energy infrastructure CAPEX, energy transition, Hannah Bronwin, Hari Vamadevan, Harry Manisty, hydrogen, Just Climate, long-term policy, Lucy Siegle, Octopus Energy Generation, Owen Bellamy, REPORT, smart grids, Solar PV, SSE Thermal, The UK government, Viken Chinien, Wind, WWF
(IN BRIEF) E.ON, a prominent energy company, is undergoing a strategic brand realignment to reflect its active role in driving the energy transition towards sustainability. The new brand positioning emphasizes E.ON’s commitment to shaping Europe’s sustainable energy future and taking … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Management, Marketing, Technology
Tagged brand positioning, corporate strategy, digitalization, E.ON, electricity distribution grids, energy generation, energy transition, INNOVATION, Julian Lennertz, Lars Rosumek, sustainable energy
(IN BRIEF) RWE and PPC, in collaboration through their joint venture company Meton Energy S.A., are accelerating Greece’s energy transition by investing in solar projects with a collective capacity of nearly 1 gigawatt. The final investment decision has been made … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Costas Papamantellos, energy transition, Greece, Katja Wünschel, Konstantinos Mavros, Meton Energy S.A., partnership, PPC, RWE, solar projects, sustainability
(IN BRIEF) According to the latest ‘Energy Transition Consumer Insights’ report by EY, consumer action will be pivotal in driving the success of the energy transition. However, findings reveal that consumer fatigue is on the rise, with 70% indicating reluctance … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, United Kingdom
Tagged Consumer Fatigue, energy transition, EY, Greg Guthridge, Holistic Approach
(IN BRIEF) The President of Indonesia, Joko Widodo, met with Claudio Descalzi, the CEO of Eni, in Jakarta to discuss Eni’s ongoing projects and future initiatives in Indonesia. Descalzi highlighted Eni’s significant milestones in 2023, including the discovery of 5 … Read the full press release
(IN BRIEF) RESA, an energy distribution network operator, has partnered with the European Investment Bank (EIB) to secure a €190 million loan agreement to support the first phase of its industrial plan for 2023-2026. The energy transition necessitates substantial investments … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, energy transition, Gil Simon, Kris Peeters, partnership, RESA, sustainability
(IN BRIEF) Lightsource bp recently held the New Energy Business School for the second consecutive year, offering a comprehensive two-day program focused on energy transition business and leadership. Located in the Netherlands, the school provides advanced education in various aspects … Read the full press release
Posted in Business, Education, Energy, Gas & Oil, Industrial, Management, Media, Netherlands, News, United Kingdom
Tagged Bert Stuj, Education, Energy Business School, energy transition, Jolyon Ridgwell, Lightsource BP, Netherland
(IN BRIEF) The Port of Rotterdam, in partnership with grid operators TenneT and Stedin, has launched the New Energy Taskforce (NET) to address grid congestion challenges in the port and surrounding areas. Roger Knubben leads NET, bringing extensive experience in … Read the full press release
(IN BRIEF) Eurogrid, the parent company of 50Hertz, a transmission system operator, has secured 1.5 billion euros through its third and fourth Green Bond issuances. These funds will support grid expansion projects on land and at sea to enhance the … Read the full press release
Posted in Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Technology
Tagged 50Hertz, Banco Santander, energy transition, Eurogrid, green bond, Grid Expansion, Marco Nix, Mizuho Bank, Rabobank, renewable electricity, transmission system, UniCredit Bank
(IN BRIEF) Alfa Laval is part of a 16-member consortium called SCO2OP-TES, which aims to develop advanced Power-to-Heat energy storage technology. This initiative, aligned with the European Union’s renewable energy goals, seeks to provide cost-effective and grid-stable thermal energy storage … Read the full press release
Posted in Energy, Gas & Oil, Environment, European Union, Infrastructure & Utilities, Sweden, Technology
Tagged Alasdair Maciver, Alfa Laval, CINEA, energy transition, European Union, grid stability, Horizon Europe, industrial heat supply, Power-to-heat energy storage, renewable energy, renewable energy sources, REPowerEU Plan, SCO2OP-TES, sustainable energy, TES, Thermal Energy Storage
(IN BRIEF) Indosuez Wealth Management has presented its investment outlook for 2024 during its Global Outlook presentation. As 2023 concludes with decreasing inflation and monetary policy normalization, the year 2024 is expected to offer promising prospects for investors. Key insights … Read the full press release
(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
(IN BRIEF) Lightsource bp and the UK’s Renewable Energy Association (REA) convened a high-level roundtable discussion during COP28, focusing on the role of solar power in facilitating an energy transition that prioritizes both people and nature. With 117 nations aiming … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, United Kingdom
Tagged Adam Pegg, Alyssa Edwards, Chris Skidmore MP, COP28, Dr Veronica Bermudez Benito, energy transition, Francis Mann, Kristen Panerali, Lightsource BP, Mate Heisz, Michelle Lezama, Nature-Friendly, partnership, Renewable Energy Association (REA), solar power, sustainability, Thanos Zarogiannis
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
