PARIS: FDE, a carbon negative energy producer listed on Euronext, announced today that it has completed the acquisition of a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The acquisition, which was announced on January 16th 2024, aims to further strengthen…
Search Results for: energy industry
ADNOC Distribution unveils new growth strategy to become multi-energy leader
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced its new five-year growth strategy at an Investor Day in Abu Dhabi on Monday, 26 February. The Company aims to establish itself as a multi-energy, convenience, and mobility leader by expanding its network, enhancing its customer experience, and scaling up its low-carbon…
SunCoke Energy announces Katherine T. Gates as new CEO
SunCoke Energy, Inc. (NYSE: SXC), a leading producer of high-quality coke for the steel industry, today announced that its Chief Executive Officer and Board member Michael G. Rippey will retire on May 15, 2024. He will be succeeded by Katherine T. Gates, the current President of the Company, who will also join the Board as…
EnTrust Global acquires maritime and energy fund manager Offshore Merchant Partners
EnTrust Global, a leading alternative asset management firm, has agreed to acquire Offshore Merchant Partners (OMP), a fund manager in the maritime and energy industries, to expand its Blue Ocean strategy. The Sale and Purchase Agreement has been signed and the transaction is expected to close in the first quarter of 2024, subject to customary…
NOVONIX and Panasonic Energy sign deal for battery materials
BRISBANE, AUSTRALIA: NOVONIX Limited, a leading battery materials and technology company, and Panasonic Energy Co., Ltd., a leading manufacturer of electric vehicle batteries in North America, have signed a binding agreement for the supply of high-performance synthetic graphite anode material. The agreement covers at least 10,000 tonnes of anode material to be delivered to Panasonic…
Manawa Energy appoints Clayton Delmarter as Chief Executive
SYDNEY, AUSTRALIA: Manawa Energy announced that Mr Clayton Delmarter has been appointed to the permanent role of Chief Executive, effective immediately. Manawa Energy Chair, Deion Campbell said: “the board undertook a lengthy, independent and international search for the right person to lead the company. Clayton was the standout candidate from this process, with the depth…
Serica Energy CEO Mitch Flegg to step down
LONDON, UK: Serica Energy plc, a leading UK oil and gas company in the North Sea, today announced that its CEO Mitch Flegg will step down after six years in charge. He will be replaced by the current Chairman David Latin on an interim basis until a permanent successor is found. Flegg, who has been…
Kyoto Group and Schneider Electric sign MoU to decarbonize and electrify industry together
OSLO, NORWAY: Kyoto Group announced the signature of a Memorandum of Understanding with Schneider Electric, the leader in the digital transformation of energy management and automation. The companies’ shared goal is driving mutual business growth while decarbonizing and electrifying industry together. The two companies aim to enter into a multi-country commercial agreement (“MCCA”). It will…
BrainChip and MYWAI team up to deliver Edge AI solutions for industry and robotics
BrainChip Holdings Ltd, a pioneer in neuromorphic AI technology, and MYWAI, a leading AIoT solution provider in the EU, have announced a strategic partnership to deliver cutting-edge Edge AI solutions for various industrial and robotic sectors. The solutions will use BrainChip’s Akida, a low-power, high-performance AI chip that learns from sensor data, and MYWAI’s EaaS…
Workspace Group to use solar energy to power portfolio
LONDON, UK: Workspace Group, London’s leading owner and operator of sustainable, flexible work space, has entered into a Corporate Power Purchase Agreement (CPPA) with Statkraft, Europe’s largest generator of renewable energy, to supply around two thirds of the Group’s expected electricity demand for the next 10 years with effect from 1 February 2024. Workspace will…
EnergyPathways to go public on AIM after acquiring Dial Square
LONDON, UK: EnergyPathways, an integrated energy transition company, has announced its intention to go public on the London Stock Exchange’s AIM market, following a reverse takeover of Dial Square, a special purpose acquisition vehicle. The company plans to raise a minimum of £2 million by way of a private placement to complete the deal and…
ADM Energy acquires majority stakes in OFX Technologies LLC
LONDON, UK: ADM Energy PLC, a natural-resources investing company, has announced that it has acquired a majority stake in OFX Technologies, LLC, a technology company that provides solutions to the US upstream oil and gas industry. The investment is part of ADM’s strategy to diversify its portfolio and tap into the growing market for oilfield…