Tag Archives: energy transition

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