The European Bank for Reconstruction and Development (EBRD) will cease investing in upstream oil and gas projects by the end of 2022 as part of its plan to align its operations with the Paris Agreement’s climate change targets.
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Vattenfall establishes the largest warehouse in Northern Europe to stock essential wind turbine main components and spare parts.
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Windship Technology announced an exclusive joint development agreement with Australian company Calix Limited to develop and integrate Calix’s onboard carbon capture system RECAST into its whole-ship solution.
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Carbon capture and storage (CCS) is a critical necessity for the oil and gas industry to meet the Paris Agreement’s commitments, but according to Wood Mackenzie, it will only become financially viable if firms collaborate to develop shared-CCS hubs.
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Norway – Equinor and Aker BP announced intentions to develop four oil and gas discoveries totaling 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to increase output from existing assets.
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Finland – Vestas has been awarded the 126 MW Posio Murtotuuli project in Finland, which is being developed by Taaleri Energia.
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New Zealand – The University of Canterbury’s (UC) research on the electrodes used in flow batteries has the potential to assist produce cheaper, longer-lasting batteries for more renewable energy storage.
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United Kingdom – Eni UK and Uniper have signed a Memorandum of Understanding (MOU) to explore decarbonization measures in North Wales collaboratively.
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United States – Hasler Ventures intends to commercialize a Purdue University-patented technology that could increase the volume of waste plastic recycling.
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Australia- Mineral Carbonation International (MCi), an Australian cleantech company, has received one of the largest individual awards from its inaugural Carbon Capture Use and Storage (CCUS) Fund.
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