Tag Archives: ENERGY

ANDRITZ Expands Environmental and Energy Focus with New Business Area and Financial Reporting Changes

(IN BRIEF) International technology group ANDRITZ has announced the establishment of a new business area called “Environment & Energy” to consolidate its environmental and energy-focused technologies, aiming to better align with the markets it serves. ANDRITZ Environment & Energy offers … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

Iberdrola’s Commitment to Innovation Garners Second Consecutive Recognition from European Commission

(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

Portugal’s Floene Enhances Cybersecurity in Energy Distribution Through ENCS Membership

(IN BRIEF) The European Network for Cyber Security (ENCS) welcomes Floene as its newest member, focused on enhancing cyber defenses in Europe’s energy sector. Floene manages Portugal’s largest gas distribution network and boasts modern infrastructure for renewable gas distribution, including … Read the full press release

AI Technology Revolutionizes Energy Efficiency in Buildings, Cutting Consumption and Emissions

(IN BRIEF) AI technology has the potential to significantly reduce energy consumption in buildings, which account for a substantial portion of energy usage and carbon dioxide emissions in the EU. By using sensors to collect data on temperature, humidity, and … Read the full press release

Nordic Investment Bank Collaborates with Lithuania to Boost Energy Efficiency in Public Buildings

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 20-year credit facility with Lithuania to co-finance the energy efficiency program for public buildings from 2023 to 2026. This financing will be used to renovate 25 public buildings, leading to … Read the full press release

New Report by Energy Efficiency Movement Charts Path to Significant Emissions Reduction and Cost Savings for Industries

(IN BRIEF) The Energy Efficiency Movement (EEM), founded by ABB and comprising over 400 organizations worldwide, has published a report titled “The Case for Industrial Energy Efficiency.” This report offers corporate leaders insights into ten measures that leverage mature technologies … Read the full press release

Eni Awards 2023 Recognize Pioneering Research in Energy and Environment

(IN BRIEF) The Eni Awards ceremony for 2023 took place at Palazzo del Quirinale in Rome, attended by the President of the Republic Sergio Mattarella, Eni’s Chairman Giuseppe Zafarana, and Eni’s CEO Claudio Descalzi. These awards, now in their fifteenth … Read the full press release

Enel Joins Forces with Atalanta Football Club as Official Energy Partner for Sustainability

(IN BRIEF) Enel, a multinational power company, has entered into a partnership with Italy’s Atalanta football club to become its Official Energy Partner. As part of the collaboration, Enel’s logo will feature prominently at Atalanta’s stadium, including on LED screens, … Read the full press release

Wärtsilä’s Quest for Sustainable Solutions Gets a EUR 75 Million Boost from NIB

(IN BRIEF) The Nordic Investment Bank (NIB) and Wärtsilä Corporation, a Finnish technology group, have entered into a ten-year EUR 75 million investment loan agreement. This partnership aims to finance Wärtsilä’s research and development (R&D) activities from 2023 to 2025, … Read the full press release

DNV Expands Energy Services with Acquisition of ANB Systems, Bolstering Energy Efficiency Solutions

(IN BRIEF) DNV has acquired ANB Systems, a Houston-based software as a service (SaaS) company specializing in energy program services for utility and regulatory body customers. The move is part of DNV’s commitment to supporting the energy transition by enhancing … Read the full press release

Trust in AI Essential for Advancing Energy Transition, DNV Report Finds

(IN BRIEF) A DNV report highlights that trust in artificial intelligence (AI) is a crucial factor in its effective use for accelerating the energy transition. While AI is being utilized in the energy sector, companies remain cautious due to new … Read the full press release

Santander CIB Invests in EIT InnoEnergy to Propel Sustainable Energy Innovations

(IN BRIEF) Santander Corporate & Investment Banking (Santander CIB) has acquired a stake in EIT InnoEnergy, a sustainable energy pioneer, as part of a EUR 140 million investment round alongside other strategic partners. This investment aligns with Santander’s strategy to … Read the full press release

Hydro’s Norwegian Aluminium Smelters Lead the Way with New Energy Efficiency Measures

(IN BRIEF) Hydro, a leading aluminium producer, is taking significant steps to enhance energy efficiency across its five aluminium smelters in Norway. The measures will lead to a reduction in electricity consumption, starting with the installation of LED lights and … Read the full press release

Bosch Commences Volume Production of Fuel-Cell Power Module, Investing €2.5 Billion in Hydrogen Technology

(IN BRIEF) Bosch has announced the start of volume production of its fuel-cell power module, marking its entry into the hydrogen age of mobility. The module will be used in Nikola Corporation’s Class 8 hydrogen fuel cell electric trucks, scheduled … Read the full press release

STMicroelectronics Unveils Breakthrough Solutions for Smart Mobility and Energy at electronica China 2023

(IN BRIEF) STMicroelectronics (NYSE: STM) will participate in electronica China 2023, where it will exhibit its sustainable technologies and solutions for Smart Mobility, Power & Energy, and Internet of Things & Connectivity. The company will showcase an electric vehicle model … Read the full press release

EnBW Inaugurates Largest Solar Park in Baden-Württemberg, Providing Climate-Friendly Energy for Thousands of Households

(IN BRIEF) EnBW has officially inaugurated the largest solar park in the Tuttlingen district of Baden-Württemberg, Germany. With a capacity of 17.3 megawatts, the solar park in Emmingen-Liptingen has the potential to provide climate-friendly energy to approximately 5,800 households. The … Read the full press release

Former Enel CEO Francesco Starace Appointed Partner at EQT Infrastructure

Former Enel CEO Francesco Starace Appointed Partner at EQT Infrastructure

(IN BRIEF) Francesco Starace, former CEO and General Manager of Enel, one of the world’s largest energy utility companies, has been appointed as a Partner within the EQT Infrastructure Advisory Team. EQT, a global investment organization, is excited to welcome … Read the full press release

Octopus Energy’s Kraken platform expands reach through strategic partnership with Plenitude

(IN BRIEF) Plenitude, the retail energy business of Eni, and Kraken, the tech platform of Octopus Energy Group, have entered into a strategic partnership to help Plenitude expand its presence in international retail energy markets. Plenitude will adopt the Kraken … Read the full press release

Swiss Museum of Transport and Empa collaborate on “Experience Energy!” exhibition

(IN BRIEF) The Swiss Museum of Transport has opened a new exhibition, “Experience Energy!” at its purpose-built “House of Energy” in Lucerne. The exhibition aims to promote cross-generational dialogue on the Energy Strategy 2050 and has been created in collaboration … Read the full press release