Tag Archives: energy transition

Eni Accelerates Energy Transition with Giant Gas Discovery off Indonesia’s East Kalimantan

(IN BRIEF) Eni, the global energy company, has made a significant gas discovery through the Geng North-1 exploration well off the coast of East Kalimantan in Indonesia. Preliminary estimates suggest a gas volume of 5 trillion cubic feet (Tcf) with … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

European Industry Leaders Gather to Accelerate Electricity Grid Development for Energy Transition

(IN BRIEF) Over 200 European industry leaders convened at the ENTSO-E High-Level Forum on Future of Our Grids in Brussels to discuss the challenges and opportunities for accelerating the development of electricity grids necessary for Europe’s energy transition. The forum, … Read the full press release

Eni Sustainable Mobility Redefines Transport with Enilive Brand Launch

(IN BRIEF) Eni Sustainable Mobility introduces the Enilive brand, marking a significant leap in eco-conscious transportation. Enilive focuses on bio-refining, biomethane production, and smart mobility solutions like the Enjoy car sharing service. With over 5,000 Enilive Stations in Europe, the … Read the full press release

Breaking New Ground: Technip Energies and Versalis Partner for Sustainable Plastic Recycling Solutions

(IN BRIEF) Technip Energies and Versalis, the chemical subsidiary of Eni, have partnered to integrate their advanced recycling technologies, Hoop®, Pure.rOilTM, and Pure.rGasTM. This collaboration aims to create an innovative platform for chemical recycling of plastic waste, forming an endless … Read the full press release

Wood to Provide Specialized Services for Shell’s Energy Transition Projects

(IN BRIEF) Global consulting and engineering company, Wood, has been awarded a multi-year enterprise framework agreement (EFA) to continue providing specialized services to Shell’s worldwide projects. Wood’s expertise in consulting, engineering, procurement, and project management will support Shell’s greenfield and … Read the full press release

Enel S.p.A. Reports Impressive 52% Surge in Net Income for H1 2023

(IN BRIEF) Enel S.p.A., a multinational energy company, announced its financial results for the first half of 2023. The company showcased robust growth in key financial metrics, with revenues of 47,095 million euros (-28.2%) and ordinary EBITDA of 10,739 million … Read the full press release

GTT Secures ClassNK Approval for Revolutionary Liquid Hydrogen Containment System, Aiding Energy Transition

(IN BRIEF) GTT, a technology expert in containment systems for cryogenic membranes, has received Approval in Principle (AiP) from ClassNK, a Japanese classification society, for a new concept of membrane-type containment system for liquefied hydrogen (LH2) transportation. The scalable system … Read the full press release

Eni’s Strategic Move: Acquiring Chevron’s Interests in East Kalimantan Blocks

(IN BRIEF) Eni, a global energy company, announces the successful acquisition of Chevron interests in the Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, offshore East Kalimantan. Eni already held a 20% interest … Read the full press release

European Energy Transition: Repsol Warns Against Overdependence on China and Russia

(IN BRIEF) During the General Shareholders’ Meeting, Repsol’s Chairman, Antonio Brufau, highlighted the company’s commitment to the energy transition and its potential for an “enormous opportunity.” Repsol aims to transform its business with a focus on human, technological, and industrial … Read the full press release

LEAG Advances Energy Transition with Permit Application for Innovative Power-to-X Plant in Germany

(IN BRIEF) Lausitz Energie Kraftwerke AG (LEAG), the largest private energy company in eastern Germany, has submitted a permit application for the construction of an innovative Power-to-X plant in Jänschwalde, Lusatia. The plant will store and re-electrify excess renewable energy … Read the full press release

Wood Awarded Contract for Europe’s Largest Manganese Processing Facility in Support of Energy Transition

(IN BRIEF) Wood, a global consulting and engineering company, has secured a significant contract from Euro Manganese to deliver a vital mineral project crucial to the energy transition. The contract, awarded to Wood’s Projects business unit, aligns with the company’s … Read the full press release

TotalEnergies and Petronas’ Gentari Renewables to Drive Renewable Energy Transition in Asia-Pacific

TotalEnergies and Petronas' Gentari Renewables to Drive Renewable Energy Transition in Asia-Pacific

(IN BRIEF) TotalEnergies and Petronas’ Gentari Renewables have announced a strategic collaboration to develop renewable energy projects in the Asia Pacific region. The partnership aims to leverage TotalEnergies’ expertise in renewable energy and Petronas’ clean energy solutions to drive the … Read the full press release

RWE’s Growing Green Strategy Boosted by Updated Green Financing Framework

(IN BRIEF) RWE, a leading energy company, has announced its updated Green Financing Framework to support sustainable investment. With a focus on building a sustainable energy system, RWE plans to invest over 50 billion euros by 2030 as part of … Read the full press release

EBRD Facilitates Montenegro’s Energy Transition with €82 Million Loan for Wind Farm Development

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release

Siemens Introduces Groundbreaking LV Insights X Software to Enhance Grid Capacity in Energy Networks

(IN BRIEF) Siemens has unveiled LV Insights X software, a pioneering solution for managing low-voltage grids. The software enables distribution grid operators to address the challenge of increasing grid capacity while accommodating the rise of decentralized renewable energy and additional … Read the full press release

DNV Research Reveals Growing Importance of Solar-Plus-Storage in Global Energy Transition

(IN BRIEF) DNV’s research highlights that solar-plus-storage solutions are crucial for enhancing the efficiency and resilience of global energy networks, according to 92% of energy industry professionals. Solar-plus-storage, often referred to as the “power couple,” addresses the intermittency issues of … Read the full press release

European Investment Bank and Iberdrola to Drive Energy Transition with €1 Billion Agreement

(IN BRIEF) The European Investment Bank (EIB) and Iberdrola have signed a €1 billion financing agreement to accelerate the energy transition in Europe. The partnership aims to develop 19 solar power plants and 3 onshore wind farms in Spain, Portugal, … Read the full press release

TotalEnergies Accelerates Renewable Energy Development in Kazakhstan with Mirny Wind Farm Agreement

(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) for the Mirny wind project in Kazakhstan, marking the country’s largest wind energy initiative. The project involves a 1 GW onshore wind farm and a 600 MWh battery energy storage … Read the full press release

RINA and Eni Collaborate on Green Maritime Initiatives for Energy Transition

(IN BRIEF) RINA and Eni have signed an agreement to collaborate on initiatives aimed at the energy transition and decarbonization of their operations, with a focus on maritime transport. The partnership will explore the use of HVO biofuel produced by … Read the full press release

Eni Introduces HVOlution Initiative to Accelerate Sustainable Fuel Adoption in Heavy Transport

(IN BRIEF) Eni, a global energy company, has launched the HVOlution program to promote the use of HVOlution, their renewable diesel fuel, among their suppliers’ vehicles involved in fuel transportation to Eni Live Stations. This initiative aims to support the … Read the full press release

TotalEnergies Invests in Ductor to Advance High-Nitrogen Organic Waste Processing Technology

(IN BRIEF) TotalEnergies has acquired a 20% stake in Ductor, a Finnish start-up specializing in organic waste processing technology. This innovative solution allows the treatment of high-nitrogen organic waste for biomethane production, accelerating the development of the biogas value chain. … Read the full press release

Iberdrola and IFC Join Forces to Support Clean Energy Initiatives in Developing Nations

(IN BRIEF) Iberdrola and the International Finance Corporation (IFC) have formed a partnership to promote clean energy and decarbonization in emerging countries. The collaboration includes a green and sustainability-linked loan from IFC to Iberdrola for energy efficiency improvements in Brazil’s … Read the full press release

Alfa Laval Announces Major Expansion to Meet Increasing Demand for Brazed Plate Heat Exchangers in Energy Transition

(IN BRIEF) Alfa Laval Business Unit Brazed & Fusion Bonded Heat Exchangers has announced an expansion of its production of brazed plate heat exchangers to meet the increasing demand driven by the global energy transition. The capacity expansion includes investments … Read the full press release

Sweco to Lead Preliminary Research on Hydrogen Routes for Fluxys Belgium’s Pipeline Network

(IN BRIEF) Infrastructure company Fluxys Belgium has partnered with Sweco to prepare its pipeline network for the transportation of hydrogen and CO2. Sweco has been assigned to conduct a feasibility study and preliminary research for multiple hydrogen routes in Ghent … Read the full press release

TenneT signs contracts for Europe’s largest-ever tender award for energy transition infrastructure

(IN BRIEF) Transmission system operator TenneT, Hitachi Energy/Petrofac, and three consortium partnerships GE/Sembcorp (SMOP), GE/McDermott, and Siemens Energy/Dragados have signed contracts to seal Europe’s largest-ever tender award for energy transition infrastructure. The total volume of the contracts for the components … Read the full press release

Bekaert Leads the Way in PTL Production with New Manufacturing Plant and Hydrogen Lab in Belgium

(IN BRIEF) Bekaert, a company focused on the production of steel wire and coatings, is investing in electrolysis technologies for green hydrogen production as part of its growth strategy in renewable energy markets. The company has announced investments in Belgium, … Read the full press release

Vattenfall Remains Committed to Climate Goals Despite Sharp Increase in Electricity Prices

(IN BRIEF) Vattenfall, a leading energy company, faced a challenging year in 2022 due to the war in Ukraine, which resulted in a significant increase in electricity prices across Europe. Despite this, Vattenfall continued to focus on supporting its customers … Read the full press release

Bekaert Joins Forces with Non-Profit Solar Impulse Foundation to Combat Climate Change

(IN BRIEF) Bekaert has announced its partnership with the Solar Impulse Foundation, a non-profit organization founded by Bertrand Piccard, which aims to promote sustainable and profitable solutions. Through this partnership, Bekaert will have access to valuable resources and expertise in … Read the full press release

EDF and Italian Companies Explore Nuclear Power Cooperation in Europe

(IN BRIEF) EDF, Ansaldo Energia, Ansaldo Nucleare, and Edison have signed a Letter of Intent to collaborate on the development of new nuclear power in Europe, specifically in Small Modular Reactors (SMR). Ansaldo Nucleare will support EDF in developing new … Read the full press release

E.ON’s IElectrix project demonstrates benefits of battery-based energy storage systems for renewable energy integration

(IN BRIEF) E.ON’s IElectrix project has demonstrated that mobile battery-based energy storage systems (BESS) can help to overcome technical hurdles in connecting renewable energy plants to power grids, as well as more efficiently use green energy produced in wind or … Read the full press release

BLIX acquisition strengthens AFRY’s position as a global leader in clean energy transition

(IN BRIEF) AFRY, a Swedish engineering and design company, has acquired Dutch renewable energy consultancy firm BLIX to expand its presence and expertise in the wind energy industry. BLIX specializes in renewable energy solutions and has a strong position in … Read the full press release

BP’s Latest Energy Outlook Examines Three Key Scenarios for Decarbonisation

(IN BRIEF) bp Energy Outlook has published its latest report exploring trends and uncertainties in the energy transition from now until 2050. The report updates its three main scenarios, Net Zero, Accelerated, and New Momentum, taking into account recent developments … Read the full press release

TotalEnergies ramps up gas production in Oman, inks LNG deal for European and Asian markets

(PRESS RELEASE) PARIS, 20-Jan-2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, is rolling out its integrated gas strategy … Read the full press release

Schneider Electric calls for greater efforts to address energy crisis ahead of World Economic Forum

(PRESS RELEASE) RUEIL-MALMAISON, 16-Jan-2023 — /EuropaWire/ — Schneider Electric (EPA: SU), a global leader in energy management, digital transformation and automation active in more than 100 countries, has issued an urgent call for governments and companies around the world 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

Professor Machiel Mulder, University of Groningen: Individual Efforts Alone May Not Drive Energy Transition

(PRESS RELEASE) GRONINGEN, The Netherlands, 9-Jan-2023 — /EuropaWire/ — University of Groningen, one of the most traditional and prestigious universities in the Netherlands, has announced that its Professor of Energy Economics Machiel Mulder argues that individual actions, like switching to … Read the full press release

Professeur Machiel Mulder, Université de Groningue : les efforts individuels ne suffisent pas à eux seuls à conduire la transition énergétique

(COMMUNIQUÉ DE PRESSE) GRONINGEN, The Netherlands, 9-Jan-2023 — /EuropaWire/ — University of Groningen, l’une des universités les plus traditionnelles et les plus prestigieuses des Pays-Bas, a annoncé que son professeur d’économie de l’énergie Machiel Mulder affirme que les actions individuelles, … Read the full press release

DNV and RSI launch study to decarbonize sea transport in Baltic and North Sea

(PRESS RELEASE) BÆRUM, 5-Jan-2023 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, and the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bulk charterers, have launched a feasibility study to develop a commercial framework for orders … Read the full press release

Retoflow Cloud Software Streamlines Connection Requests and Cross-Sector Energy Network Planning

(PRESS RELEASE) MUNICH, 2-Jan-2023 — /EuropaWire/ — Fraunhofer-Gesellschaft, Europe’s largest application-oriented research organization, has announced that the energy market is shifting towards renewable energy sources and there is a rising number of requests to connect solar plants, heat pumps, and … Read the full press release