HOUSTON: Baker Hughes and Horisont Energi have signed a memorandum of understanding (MoU) for the Polaris carbon storage project off the northern coast of Norway, a news release said on Tuesday. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of…
Scatec announces a NOK 100 billion business plan to increase capacity to 15 GW by 2025
OSLO, NORWAY: Rrenewable company, Scatec ASA has confirmed its current 4.5 GW capacity target for 2021 and raises its target to 15 GW by end of 2025. The business plan is supported by Scatec’s track record of strong growth and a solid project pipeline across solar, wind, hydro and storage in high-growth markets globally. 12…
Huddly announces partnership with Mersive Technologies
OSLO: Huddly announced a new partnership with Mersive Technologies, a leading provider of wireless media streaming and collaboration software. Huddly and Mersive are joining forces to address the growing demand for hybrid meeting solutions that provide user choice and flexibility. As a first step, Huddly’s intelligent cameras are combined with Mersive Solstice, a touchless Bring…
Black Shark 4 and Black Shark 4 Pro to be powered by Elliptic Lab’s AI Virtual Proximity Sensor INNER BEAUTY
OSLO: Elliptic Labs announced its first design launches with Black Shark, the gaming smartphone innovator and a subsidiary to Xiaomi. The Black Shark 4 and Black Shark 4 Pro are the first Black Shark smartphone to be powered by Elliptic Lab’s AI Virtual Proximity Sensor INNER BEAUTY. The contract win related to this launch, was…
Aker Carbon Capture and Siemens Energy to jointly develop carbon capture solutions
OSLO: Aker Carbon Capture (ACC) and Siemens Energy have signed a memorandum of understanding aimed at developing combined offerings for carbon capture solutions that can be applied to gas turbines and gas-fired power plants, a news release said on Tuesday. The parties will explore a technology collaboration to further advance technical optimization within the whole…
Everfuel A/S increases ownership in Everfuel Retail Norway to 56%
HERNING: Everfuel A/S has exercised an option to acquire 4.9% of the shares in Everfuel Retail Norway AS from NEL ASA, a news release said. Everfuel will after the transaction hold approximately 56% of Everfuel Retail Norway. The initial acquisition of a 51% stake and creation of Everfuel Retail Norway, including an agreement for Everfuel…
JLEN acquires Rainworth Energy Limited for £5.8 million
LONDON, UK: JLEN Environmental Assets Group Limited has acquired 100% equity stake in Rainworth Energy Limited (REL), for a consideration of £5.8 million subject to adjustment for working capital. REL holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2MW electrical plant based in Nottinghamshire, UK, close to…
Chariot Oil & Gas to acquire renewable and hybrid power developer focused on mining sector in Africa
LONDON: Chariot Oil & Gas, the Africa focused transitional energy company, has signed share purchase agreements (SPAs) for the acquisition of the business of Africa Energy Management Platform (AEMP) for consideration of up to US$2 million payable primarily in Chariot Ordinary Shares, representing up to c.4% of Chariot’s enlarged share capital. AEMP is a renewable…
Kingspan Group acquires Logstor International for EUR 253 million
LONDON: Kingspan Group has entered into an agreement with Langley Co-Invest S.à r.l. to acquire 100% of the shares of Logstor International Holding S.à r.l., the holding company of the Logstor Group. Logstor is a leading global supplier of technical insulation solutions encompassing complete pre-insulated pipe systems for District Energy and associated applications. Logstor’s primary…
PensionBee Limited plans initial public offering of its shares on London Stock Exchange
LONDON: PensionBee Limited announced the intended publication of its registration document and that the Company is considering an initial public offering (IPO), and considering applying for admission of its Shares to trading on the High Growth Segment of the Main Market of the London Stock Exchange. PensionBee is a leading online pensions provider, with a…
Airtel Africa sells telecommunications towers in Madagascar and Malawi to Helios Towers for $108mn
LONDON: Airtel Africa announced the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers, a leading independent telecommunications infrastructure company in Africa. The Group’s tower portfolios in these two markets together comprise 1,229 towers which form part of the Group’s wireless telecommunications infrastructure network. The aggregate gross consideration…
Cineworld Group to reopen Regal Theatres in the U.S. beginning April 16
LONDON: Cineworld Group plc announced that its Regal theatres will reopen this April, for the first time in six months. The phased reopening will kick off with a limited number of cinemas opening for “Godzilla vs. Kong” on April 2nd and going wider with “Mortal Kombat” on April 16th. Cineworld also plans to reopen in…