Tag Archives: technology

Thales Alenia Space Secures Major ESA Contract to Develop Lunar Descent Element for European Autonomous Access to the Moon

(IN BRIEF) Thales Alenia Space has secured an €862 million contract with the European Space Agency to develop the Lunar Descent Element for the Argonaut mission, aimed at enabling European autonomous access to the Moon. Planned for the 2030s, Argonaut … Read the full press release

TravelPerk Secures $200 Million in Series E Funding to Expand AI-Driven Travel and Expense Management Solutions

(IN BRIEF) TravelPerk, a leader in business travel management software, has secured a $200 million Series E investment co-led by EQT Growth and Atomico, along with participation from other new and existing investors. The funding round, which boosts TravelPerk’s valuation … Read the full press release

Evonik and Oerlikon Barmag Join Forces to Advance Chemical Recycling of PET Waste

(IN BRIEF) Evonik and Oerlikon Barmag have formed a partnership to develop innovative chemical recycling solutions for Polyethylene terephthalate (PET) waste. The collaboration focuses on creating efficient processes for PET depolymerisation and purification, aiming to boost recycling rates from contaminated … Read the full press release

Evonik and Fuhua Launch Joint Venture in China to Produce Specialty Hydrogen Peroxide for Key Industries

(IN BRIEF) Evonik and Fuhua Tongda Chemicals have formed a joint venture in Leshan, China, to produce specialty hydrogen peroxide (H2O2) for industries like solar panels, semiconductors, and food packaging. With Evonik holding a 51% stake, the venture aims to … Read the full press release

EIB and Banco Desio Launch €400 Million Financing Initiative to Support Innovation in Italian Businesses

(IN BRIEF) In Milan, the European Investment Bank (EIB) and Banco Desio signed the first €60 million tranche of a €200 million credit line designed to boost €400 million in investment for Italian SMEs and mid-cap businesses. The initiative aims … Read the full press release

DNV’s Elizabeth Kaiga Joins ACORE Board of Directors to Advance U.S. Renewable Energy Transition

(IN BRIEF) DNV has announced that Elizabeth Kaiga, Chief Commercial Officer for Energy Systems North America, has been appointed to the Board of Directors of the American Council on Renewable Energy (ACORE). Kaiga, with over 20 years of industry experience, … Read the full press release

Software AG Report: 70% of Businesses Struggling with Operational Chaos Due to Technology and Process Challenges

(IN BRIEF) Software AG’s research reveals that 70% of businesses are struggling with operational chaos, a challenge fueled by technology and process inefficiencies. The study highlights that as technology adoption increases, businesses are facing greater difficulty in maintaining agility and … Read the full press release

Exploring the Future of Connectivity and Governance in Europe

(IN BRIEF) In a discussion led by Rob van Kranenburg and moderator Reto Brosi, the evolution of data gathering and management systems, particularly in the context of next-generation Internet technologies, IoT, and mobile phones, is explored. They examine the implications … Read the full press release

Japan’s National Police Agency Becomes First in the Country to Operate Airbus H160 Helicopters

(IN BRIEF) The National Police Agency of Japan has received two Airbus H160 helicopters, becoming the first para-public operator in Japan to operate this model. The first delivery took place at the end of last year, followed by the second … Read the full press release

Christian Levin Elected Chair of ACEA’s Commercial Vehicles Board for 2025

(IN BRIEF) Christian Levin, CEO of Scania, has been elected as the new Chair of ACEA’s Commercial Vehicles Board for 2025. He stressed the European truck and bus sector’s leadership in technology and its importance for the region’s competitiveness and … Read the full press release

Alfa Laval Announces New Food Innovation Centre in Copenhagen to Drive Sustainable Food Production

(IN BRIEF) Alfa Laval has unveiled plans to open its Food Innovation Centre in Copenhagen, Denmark, by 2027. This new facility is part of the company’s capital investment strategy and aims to support the food industry in tackling the challenges … Read the full press release

ASSA ABLOY Expands Physical Access Control Solutions with Acquisition of 3millID and Third Millennium Systems

(IN BRIEF) ASSA ABLOY has announced its acquisition of 3millID Corporation and Third Millennium Systems Ltd, both specializing in physical access control solutions. These acquisitions will expand ASSA ABLOY’s offerings and support growth opportunities, particularly outside the United States. 3millID, … Read the full press release

Siemens Launches ‘Siemens for Startups’ Program to Accelerate Growth and Innovation for Early-Stage Companies

(IN BRIEF) Siemens has launched the “Siemens for Startups” program at CES 2025, aimed at empowering early-stage engineering and manufacturing startups. The initiative provides access to Siemens’ software and hardware, helping these companies innovate, streamline development, and scale faster. In … Read the full press release

Lantmännen’s €100 Million Protein Plant to Feature Alfa Laval Technology in Sweden’s Groundbreaking Food Production Initiative

(IN BRIEF) Lantmännen is investing €100 million in a groundbreaking food production facility in Lidköping, Sweden, aimed at tackling the global protein gap. Set to begin operations in 2027, the plant will process 35,000 tonnes of yellow peas and 5,000 … Read the full press release

50Hertz Strengthens Grid Stability with STATCOM Technology for Renewable Energy Integration

(IN BRIEF) 50Hertz is advancing Germany’s energy transition with the installation of STATCOM systems across its grid to enhance voltage and frequency stability amid increasing renewable energy integration. New systems from GE Vernova and Nidec Conversion will be deployed at … Read the full press release

GEA’s Cutting-Edge Technology Powers POSCO Group’s Ambitions with New Lithium Hydroxide Plant in Argentina

(IN BRIEF) GEA’s advanced evaporation and crystallization technology is central to POSCO Group’s new $1 billion lithium hydroxide (LHM) plant in Güemes, Argentina, which was inaugurated in October 2024. The plant, capable of producing 25,000 tons of lithium hydroxide annually—enough … Read the full press release

Vodafone Recognized for Leadership in Responsible Sourcing of Conflict Minerals

(IN BRIEF) Vodafone has been recognized as a “Responsible Minerals Front-Runner” by Development International for its exemplary efforts in ethical sourcing of conflict minerals (3TG: tin, tantalum, tungsten, and gold). The company ensures that products such as routers, IoT devices, … Read the full press release

Indra and Barcelona Supercomputing Center Join Forces to Strengthen European Technological Sovereignty with Advanced Dual-Use Technologies

(IN BRIEF) Indra and the Barcelona Supercomputing Center (BSC) have signed an agreement to collaborate on developing dual-use technologies, including supercomputing, AI, and quantum systems, aimed at boosting Spain’s and Europe’s technological sovereignty. This partnership will focus on advancing key … Read the full press release

SETsquared and QantX Launch £300 Million Investment Fund to Boost Science and Technology Spin-Outs in the South and South West

(IN BRIEF) The SETsquared Partnership universities, including the University of Southampton, and QantX have launched a £300 million investment vehicle to accelerate the growth of science and technology companies. This initiative aims to address funding disparities in the region and … Read the full press release

Mercedes-Benz Showcases Versatile Unimog Models with Advanced Technology at GaLaBau 2024

(IN BRIEF) Mercedes-Benz Special Trucks showcased three advanced Unimog models at GaLaBau 2024, highlighting their versatility and cutting-edge technology for applications in landscaping, road maintenance, agriculture, and construction. The Unimog U 430 features new safety systems and an innovative operating … Read the full press release