LONDON: Energy regulator Ofgem has today (Tuesday 14 May, 2024) published a statutory consultation proposing the removal of the ban on acquisition-only tariffs (BAT) on 1 October, 2024. The BAT was introduced in April 2022 to protect consumers during the…
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s…
LONDON: Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announced the appointment of Chris Cox as Chief Executive Officer (“CEO”). This will take effect on 1 July 2024, with David Latin (Chairman of Serica) ceasing…
HOUSTON: Vortex Companies (Vortex) announced the acquisition of Planned and Engineered Construction Inc. (PEC), a Helena, Montana-based leader in trenchless infrastructure rehabilitation. This strategic acquisition marks a significant step in strengthening Vortex’s service presence across the Western United States and…
A coalition of major airlines and the trade group Airlines for America have filed a petition with the U.S. Fifth Circuit Court of Appeals, seeking to invalidate a recent Department of Transportation (DOT) regulation. The contentious rule, introduced by the…
OpenAI unveiled its advanced AI model, GPT-4o, and a new desktop ChatGPT version on Monday, marking a significant leap in accessibility and performance. The launch, streamed live by Technology Chief Mira Murati, introduced the faster and more capable GPT-4o, which…
AUSTIN, Texas: Pennybacker Capital Management, LLC, a prominent real assets investment firm based in Austin, has announced a strategic partnership with Goldman Sachs Asset Management’s Petershill program. The terms of the investment, which is described as passive and minority, have…
WASHINGTON: NASA Administrator Bill Nelson on Monday named David Salvagnini as the agency’s new chief artificial intelligence (AI) officer, effective immediately. The role is an expansion of Salvagnini’s current role as chief data officer. A wide variety of AI tools…
WEST PALM BEACH, FL: An affiliate of GAI Consultants, Inc., a leading engineering, planning, and environmental consulting firm has announced the acquisition of Creighton Manning Engineering. The acquisition integrates Creighton Manning into GAI as a new division named “Creighton Manning,…
ABU DHABI, UAE: Department of Health – Abu Dhabi (DoH) has partnered with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and AI solutions provider Core42 to establish the AI Healthcare Academy. The initiative, announced during the Abu Dhabi Global…
MOUNTAIN VIEW, Calif.: Mitra Future Technologies Inc. (Mitra Chem), a pioneering innovator in North American lithium-ion battery materials, today announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. As part of the investment,…
MADISON, Wis.: Madison Gas and Electric (MGE) has announced its proposal for a new solar energy initiative. The company is currently seeking the green light from the Public Service Commission of Wisconsin to construct the Sunnyside Solar Energy Center in…