PIF’s Wholly-owned Company Badeel and ACWA Power Invest SAR12.2 Billion into Three New Solar Projects in Saudi Arabia
Projects intend to produce a combined capacity of 4.55GWac, powering approximately 750,000 households Projects mark an important milestone for the National Renewable Energy Program, which is supervised by Ministry of Energy PIF is mandated to develop 70% of renewable energy target capacity in Saudi Arabia by 2030 Riyadh, Kingdom of Saudi Arabia: The Water and Electricity Holding Company (Badeel), a wholly-owned company of the Public Investment Fund (PIF), and ACWA Power today...
NEOM Green Hydrogen Company completes financial close at a total investment value of USD 8.4 billion in the world’s largest carbon-free green hydrogen plant
NEOM Green Hydrogen Company is an equal joint venture by ACWA Power, Air Products and NEOM, building the world’s largest green hydrogen plant to produce green ammonia at scale in 2026. The project at a total value of USD8.4 billion is being financed with USD 6.1 billion non-recourse financing from 23 local, regional and international banks and financial institutions. An exclusive 30-year off-take agreement of all the produced green ammonia has been secured. NGHC have concluded the Engin...
POLYTECHNIK supplies technology for the largest industrial torrefaction plant in Europe
Finnish company Joensuu Biocoal Oy will use innovative technology from Austria to produce renewable alternatives to fossil coal. The pioneering project demonstrates a potential solution to the industrial push towards carbon neutrality, helping to reduce the environmental impact caused by fossil fuels while providing a renewable energy source. WEISSENBACH, Austria - Sustainably harvested forest residues are heated in a low-oxygen environment to produce a carbon-rich end-product. Torrefied bio...
Nexans awarded its largest agreement in history to support energy transition in Europe with TenneT
Nexans awarded frame agreement by TenneT for turnkey high voltage direct current projects for offshore wind farms The agreement includes an initial commitment for three grid connection projects of an initial value of 1.7bn EUR for cables and installation only These projects will contribute to the acceleration of Germany’s energy transition and further increase energy security in Europe; they will be operational between 2029 and 2031 Nexans, through its innovative 525 kV subsea cable s...
Seven Developers Unite in a Coalition Supporting Subsea Transmission Corridor Connecting New England to Atlantic Canada: White Paper Identifies Nearly $1 Billion Annual Benefit to Consumers
Boston, Massachusetts and Halifax, Nova Scotia-- A cross-border coalition of seven developers of offshore wind, green hydrogen, and power transmission solutions has formed to call for greater offshore wind collaboration between the United States and Canada. The New England - Maritimes Offshore Energy Corridor (NEMOEC) Coalition has issued a study exploring the potential for a shared offshore transmission corridor that will enable the broad decarbonization goals of the region while also serving a...
Low carbon hydrogen to play defining role in energy transition, says GlobalData
The hydrogen market has progressed rapidly in recent years due to its growing application in industries like the transport, industrial, energy, aerospace, defence, and construction sectors. Against this backdrop, low carbon hydrogen is gaining traction as a critical component to achieve energy transition and long-term decarbonization goals, says GlobalData a leading data and analytics company. The global demand for pure hydrogen stood at nearly 74MMT (million metric tons) per year in 2021, of...
Nexans launches the first low-carbon power grid cable offering in France
The first range of low-carbon power grid cables available on the French market guarantees a minimum 35% reduction in greenhouse gas emissions compared to standard cables This offer is built on the guaranteed use of low-carbon aluminium and recycled plastic, as well as the use of renewable or decarbonised energies in manufacturing the cables. Products are 100% manufactured in France Access to the CO2 data of these cables is guaranteed so that all the players in the chain can monitor and opt...
Danfoss to Power All North America Facilities with Solar Energy by 2025
Danfoss Solar project: L to R: Rodney Mumm, head of Danfoss Global Services in North America; Soren Revsbech Dam, Head of ESG, Global Services Real Estate; and Leart Berisa, Category Manager, Global Services are excited to announce the solar power purchase agreement for Danfoss’ North America facilities as part of the company's ESG commitment. Agreement marks another milestone toward commitment to decarbonize operations by 2030 With an eye toward achieving their global decarbonizat...
TECO 2030 Starts Manual Production of Fuel Cell Stacks
NARVIK, Norway - TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516), a leading supplier of fuel cell technology, has announced the start of manual fuel cell stack production at its Innovation Center in Narvik, Norway. The manual production of fuel cell stacks is an essential step towards the commercialization of TECO 2030's fuel cell technology. The fuel cell stacks are the core of TECO 2030's hydrogen fuel cell system, which will provide clean, efficient, and reliable power for marine a...
Geopolitics and energy transition are the most pressing themes for oil and gas industry in 2023, says GlobalData
Geopolitics has become a pivotal macroeconomic theme for the oil and gas industry ever since the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition towards zero emission technologies, such as renewables, low-carbon hydrogen, carbon capture and storage (CCS), and electric vehicles (EV)...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
TriMet’s Banfield Type 1 Substation Replacement Project
February Issue 2026
