Investments in the circular economy are moving forward in Europe and beyond
GreenBiz
JUNE 29, 2022
They're financing cutting-edge innovations and technologies with strong potential for financial, environmental and social returns.
Digital innovation hubs – a new approach in Europe
Smart Energy International
SEPTEMBER 28, 2022
The Digital Innovation Hubs are designed as a ‘one stop shop’ to support companies to digitalise their business. Currently, 136 Digital Innovation Hubs are starting up in Europe in response to a first call for such initiatives. Have you read? Sign up to our newsletter and stay informed.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Trending Sources
Edinburgh biochar firm secures £1m investment to open first production facility
Envirotec Magazine
JUNE 7, 2023
Edinburgh-based Carbogenics – the developer of proprietary technology that enhances the efficacy and applicability of anaerobic digestion – has raised more than £1m in investment to build its first production and R&D facility in Scotland.
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Study: UK leads Europe in climate tech investment
Business Green
JANUARY 26, 2022
But funding for decarbonisation innovations needs to be distributed more broadly to target a wider range of economic sectors, new PwC report warns. PwC's head of disruption and innovation, Leo Johnson, said the findings confirmed the UK was at the leading edge of climate technology innovation.
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SP Energy Networks orders innovative grid balancing power solution
Smart Energy International
APRIL 5, 2024
Hitachi Energy has won an order from SP Energy Networks to design and deliver an innovative power quality solution to balance the grid and boost the flow of renewable energy across the UK.
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Tesla expands its EV supercharger network to cover Europe
Inhabitat - Innovation
DECEMBER 15, 2022
This is significant because Tesla is the only company so far to invest in charging infrastructure to make EV travel practical across entire countries or continents. Tesla announced the use of its supercharger public charging stations with ultra-fast EV charging will be open to non Teslas in Italy.
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Investment needed to keep grid fit for purpose says Enel Grids boss
Smart Energy International
NOVEMBER 28, 2023
With 2023 coming to a close, the impact of climate change and rapidly increasing electricity demand have illustrated the crucial importance of grid investment to ensure the grid is fit for purpose. Not investing in the grid is like accumulating cholesterol – you find out you are in bad shape.” Join Enlit Europe in Paris.
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EIB doubles research funding for electrical equipment innovation
Smart Energy International
DECEMBER 23, 2023
As a 2020 investment into electrical equipment company Arteche comes to a close, the Europe’s Investment Bank (EIB) has announced a new loan agreement with the company, doubling down on its research and innovation expertise. The deal sees €29 million ($31.9
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Europe's wind sector weathers pandemic with €43bn investment in 2020
Business Green
APRIL 14, 2021
UK leads the way as Europe's onshore and offshore wind sector sees investment grow 70 per cent, despite Covid-19 disruption. However, France and Germany saw the most investment in new onshore wind capacity. Europe wants more wind energy to deliver its climate and energy goals," he said.
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Plastic recycling innovator Mura secures 'multi-million dollar' Dow investment
Business Green
OCTOBER 5, 2022
UK-based Mura Technology announces major backing from global chemicals giant to help it develop host of innovative US and European plastic recycling facilities. A spokesperson for Mura Technology said Dow's latest backing announced today amounted to a "multi-million-dollar" investment, but would not disclose the precise sum.
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Italy’s Terna announces €16.5bn investment plan guided by twin transition
Smart Energy International
MARCH 20, 2024
Italian TSO Terna has announced investment plans of up to €16.5 The investment plan covers the period 2024 to 2028, with €2.6 billion) to be invested this year. billion) for digitalisation and innovation, up 60% compared to the previous plan. billion ($17.9 billion ($2.8 Terna plans to deliver €15.5 billion ($16.8
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£3 million investment in green hydro energy generation at East Lothian reservoir
Envirotec Magazine
SEPTEMBER 15, 2023
The hydro energy generation scheme is fed by a siphon and is believed to be the first of its type in Europe. This is a real win for us and we are delighted to be leading with such innovative projects to lower the carbon footprint of the local water supply and make Scotland’s grid greener.”
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Big EV news from Volkswagen: raw material investments, Ontario battery plant, €25k EV for Europe
Charged
MARCH 16, 2023
The company recently announced a five-year investment budget of €180 billion ($193 billion), and some two-thirds of that will be devoted to software and electrification. Around 15 big ones will reportedly be invested in battery production and raw material sourcing. The Group and its battery company PowerCo have selected St.
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Korea’s SK Group acquires Signet EV, invests in Polestar
Charged
SEPTEMBER 19, 2022
Separately, SK plans to invest around $60 million in Swedish EV manufacturer Polestar, through the New Mobility Fund jointly established with Chinese automaker Geely. In a recent round of funding, Polestar raised $550 million to expand in China and Europe. The automaker is considering entering the Korean market later this year. “SK
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Innovate UK invests additional £295k in EVs, VPP pilot
Smart Energy International
FEBRUARY 13, 2022
Innovate UK has added an additional £295,000 ($400,000) in a pilot programme that aims to develop a virtual power plant using electric vehicles. The £295K increases the funding which Innovate UK has provided to technology firm ev.energy to £754,000 ($1,022 million) for the implementation of the Maximise Grid Services pilot project.
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European Investment Bank - EIB approves €5.5 billion for innovation, energy and education across Europe
Global Renewable News
MARCH 21, 2024
Highlights EIB Board of Directors backs new projects in the Czech Republic, Finland, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, Portugal, Romania, Sweden and Ukraine Suppo.
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CBAM Ignites New Era of Equitable Contest in Europe
Hydrogen Fuel News
OCTOBER 9, 2023
This could benefit hydrogen production companies that have already invested in sustainable technologies and practices, as they will no longer be at a competitive disadvantage compared to firms in countries with less stringent environmental standards. Driving Innovation: The CBAM could drive innovation in the hydrogen industry.
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European Investment Bank - EIB approves €4.3 billion for innovation, business, climate action, transport and water across Europe
Global Renewable News
APRIL 15, 2024
Highlights EIB Board of Directors backs new projects in Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia Support for sustainable transport using gree.
Canopus Drilling secures EUR 3 million investment to advance geothermal drilling tech
ThinkGeoEnergy
APRIL 26, 2024
Innovative drilling technology company Canopus Drilling Solutions has raised an additional investment of EUR 3 million led by the new investor Underground Ventures , and existing investors SHIFT and ENERGIIQ. The successful investment round was announced during the recent Global Geothermal Impact Summit in The Hague, Netherlands.
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WindEurope - Wind sector launches Strategic Research and Innovation Agenda to boost Europe's competitive edge
Global Renewable News
DECEMBER 7, 2023
The European Technology & Innovation Platform on wind energy (ETIPWind) launched its new Strategic R&I Agenda for the period 2025-2027. It calls for 1.8bn of public investment in wind energy research.
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SK On secures $2 billion in investment for Hungary battery plant
Charged
AUGUST 26, 2022
SK On , a battery company and subsidiary of SK innovation , has secured $2 billion in investment resources from export credit agencies, which it plans to devote to an under-construction battery plant in Iváncsa, Hungary. According to SK innovation, SK On’s Plant No. Source: SK innovation. From the 1.7
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Battery-maker Verkor raises 250 million euros in financing for its Verkor Innovation Centre
Charged
NOVEMBER 15, 2022
Battery manufacturer Verkor has secured over 250 million euros in financing from the European Investment Bank and other investors for its Verkor Innovation Centre, which is nearing completion.
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Space technology firms sponsor Northumbrian Water Innovation Festival
Envirotec Magazine
AUGUST 24, 2020
Described as ‘Glastonbury meets Tomorrows World’ the four day innovation festival held annually by Northumbrian Water is going fully digital for the first time, and will take place on 14-17 September. MGISS and ESA will kick off the Innovation Festival with an exhilarating piece of music by Public Service Broadcasting (PSB) – ‘Go!’
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IPA Qatar and Iberdrola to advance Qatar digital utility and innovation
Smart Energy International
MAY 21, 2022
Investment Promotion Agency Qatar (IPA Qatar) and Iberdrola Group have announced a partnership to establish an innovation centre to advance he digital utility industry in Qatar. The partnership will expand the Spanish group’s Research, Development, and Innovation (RDI) activities through the Doha-based Iberdrola Innovation Middle East.
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Enlit Europe - Schneider Electric and Enel back IEA call for energy efficiency and grid action at Enlit Europe
Global Renewable News
NOVEMBER 29, 2023
European electricity technology giants Schneider Electric and Enel joined the International Energy Agency (IEA) in their call for coordinated action on fast-tracking investment and innovation in both.
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Europe’s energy technology research and innovation plan revised
Smart Energy International
OCTOBER 25, 2023
In particular, there needs to be revisions to the objectives and the governance and working group structures and countries need to increase their efforts to spend 3% of their GDP on R&I and to foster the scale-up of innovations, the EC states in its Communication on the revised SET plan. Have you read?
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UK innovation project assesses ‘Thames-to-grid’ tech
Smart Energy International
APRIL 10, 2024
The project is in its initial ‘discovery’ or scoping phase, funded by the Ofgem Strategic Innovation Fund and is scheduled to conclude at the end of May 2024. Electric Thames has been supported by the Strategic Innovation Fund (SIF).
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Octopus Energy announces £625m investment and software acquisition
Smart Energy International
DECEMBER 21, 2023
The clean energy group announced the investment of £625 million ($800 million) days after an acquisition from Octopus Energy-owned Kraken Technologies of the advanced renewable energy management software provider Sennen. billion), a 60% increase since its previous investment round in December 2021. billion ($7.8 billion ($7.8
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Volkswagen enters EV battery business with €20bn investment in PowerCo
Smart Energy International
JULY 11, 2022
Volkswagen Group has announced a new company PowerCo, which is set to invest more than €20 billion ($20 billion) in the Group’s global battery activities. Up to 2030, PowerCo is to invest more than €20 billion ($20 billion) together with partners to generate annual sales in excess of €20 billion and to employ up to 20,000 people in Europe.
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Germany launches major subsidy scheme for greener industry
TechXplore
MARCH 12, 2024
Germany on Tuesday launched what it called "an innovative" multi-billion-euro subsidy scheme aimed at turbocharging investments that will make industrial production in Europe's top economy more climate-friendly.
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Ericsson’s innovation centre to remedy smart grid connectivity challenges
Smart Energy International
MAY 11, 2022
Ericsson has announced the opening of its Global Utilities Innovation Centre at its facility in Plano, Texas. Have you read: Smart grid investment fund launches in Europe Utilities to advise on AI and advanced computing for the smart grid Spain’s Transmission Grid Planning to fast track renewable integration.
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EIB approves €4bn in clean energy investment
Smart Energy International
NOVEMBER 18, 2022
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enhance energy efficiency and increase renewable energy sources across Europe. The package forms part of a €10.9 billion ($11.3 The package forms part of a €10.9 billion ($3.5
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How Europe can cut gas consumption and energy costs – report
Smart Energy International
MARCH 29, 2022
Europe can halve its power sector gas consumption, reduce energy costs by EUR 323 billion ($356 billion) and increase energy independence by 2030 if it rapidly scales up its renewable capacity. This was the finding of the report, Europe’s Energy Future , published by global energy technology company Wärtsilä.
Largest PV investments in Poland and Ukraine
Renewable Energy World
DECEMBER 22, 2021
For Europe, 2020 represented a historic year for renewable energy sources. Plans for the coming years show that the energy ambitions of Eastern Europe are still untapped. “Spectacular investments in Eastern Europe are the reason to be proud of us”, says Miros?aw (Sponsored Content). By Electrum.
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Ancillary services in Europe – ‘timid evolution’
Smart Energy International
DECEMBER 22, 2022
smartEn’s new ancillary services map indicates that interest remains in Europe in opening different markets to demand side flexibility but progress is mixed. These conditions have been facilitated through the actions taken on by innovative TSOs like Elia and TenneT Netherlands. Have you read?
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ENTSO-E: Hydrogen requires appropriate regulatory framework in Europe
Smart Energy International
MARCH 21, 2022
Renewable technology innovation: measuring progress – IRENA Ansaldo boss: ‘There’s a clear imbalance over who pays for the energy transition’. Making hydrogen a flexibility provider to the electrical system will require structural investments beyond the electrolysers, i.e. to hydrogen grids and storage. Have you read?
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Itron Inspire EMEA 2022: Utility best practices and innovation
Smart Energy International
APRIL 29, 2022
The Itron Inspire EMEA (Europe, Middle East and Africa) 2022 virtual event highlighted the important work being done within the water and energy sectors in the face of pressing challenges. Electric vehicle charging impacts the power grid The EV industry has been experiencing a surge of interest and investment. On demand sessions.
AMPYR Solar Europe plots 4GW subsidy-free solar pipeline
Business Green
FEBRUARY 1, 2021
Dubbed AMPYR Solar Europe (ASE), the joint venture plans to combine UK solar assets being developed through an existing partnership between Hartree Partners and AGP Group with assets under development in the Netherlands and Germany through NaGa, the partners said.
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Partners target sustainable energy sector growth with investment in V2G firm
Renewable Energy World
DECEMBER 15, 2021
Global investment group Caisse de dépot et placement du Québec and bp ventures announced a co-investment collaboration targeting ventures in the sustainable energy sector. Their first investment is in BTR Energy, a cleantech company enabling electric vehicles to interact with electricity markets.
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Volvo, Daimler and Traton to build high-power charging network for commercial EVs in Europe
Charged
JANUARY 5, 2022
Commercial vehicle manufacturers Volvo Group, Daimler Truck and the Traton Group have agreed to create a joint venture to build and operate a high-power public charging network for heavy-duty long-haul trucks and coaches across Europe. The parties have committed to invest a total of €500 million.
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The European Investment Bank Has Quit Fossil Fuels. Now What?
GreenTechMedia
DECEMBER 6, 2019
billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project or business, around seven more are invested by the private sector. According to the International Energy Agency, global renewables investment in 2018 amounted to $300 billion. billion ($14.9
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New VC fund for energy transition start-ups in Europe
Smart Energy International
SEPTEMBER 29, 2022
EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle. The fund will provide private banking and institutional investors with the means to invest in these early-stage companies, while they in turn will benefit from the expedited funding under known conditions.
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Solar Industry’s Next Innovation: Navigating Impacts of Coronavirus
GreenTechMedia
APRIL 8, 2020
“We were making big investments in digital and I think the shift has accelerated dramatically.” Although Sungrow received the OK to restart production in February, the company still invested in measures to protect factory workers from infection. The renewables industry was left out of the $2.2
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Operational clean hydrogen production projects set to double globally within the next five years
Envirotec Magazine
OCTOBER 26, 2023
According to the research, Europe is leading the charge in the development of clean hydrogen, with Germany home to 25 of the total already operational projects (equal to 27%); the U.S. billion on hydrogen-related companies across 37 deals, while venture firms invested $2.6 Meanwhile, the UK launched its hydrogen strategy in 2021.
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