European economies face renewed contraction, marked by a notable decline in business activity throughout August, reaching levels not seen since November 2020. LONDON: The Eurozone’s flash composite Purchasing Managers’ Index (PMI), a key indicator of economic health, stumbled to 47.0…
OSLO, NORWAY: Mainstream Renewable Power and Ocean Winds, two global leaders in the renewable energy sector, have announced a partnership to develop a 2.3 GW floating offshore wind farm off the coast of Shetland, Scotland. The project, named Arven, comprises…
BP, the British energy giant, has invested in a start-up company that is developing a novel technology to produce zero-carbon hydrogen from water vapour emitted by heavy industry. The technology, called Symbion, uses heat from existing industrial operations to reduce…
LONDON, UK: ITM Power, a leading manufacturer of electrolysers for hydrogen production, has announced that it has signed a non-binding Heads of Terms agreement for the sale of its Motive Fuels Ltd joint venture. Motive Fuels Ltd was established in…
SYDNEY, AUSTRALIA: BlueScope, a leading global steel company, has announced a significant expansion of metal coating capacity at its Erskine Park site in New South Wales, reaffirming its commitment to Australian manufacturing and meeting rising customer demand. The newly approved…
Having the right construction equipment is essential for any successful building project. From heavy-duty machine tools to safety gear and specialized materials, having the appropriate supplies on hand can be a lifesaver when unexpected obstacles arise or tight deadlines must…
LONDON,UK: Ilika (AIM: IKA), a pioneer in solid-state battery technology, has announced that it has signed a ten-year manufacturing licence with Cirtec Medical (‘Cirtec’), a leading strategic outsourcing partner of complex medical devices, for the production of the Stereax range…
LONDON, UK: Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, today announced that James Smith, currently Non-Executive Director of Helium One, has been appointed as the new Chairman of the Company with immediate effect. Smith replaces Ian…
Purchasing management stands as a pivotal function in any organization, directly influencing both operational efficiency and financial stability. With its potential to impact everything from supply chain robustness to profit margins, deploying effective strategies in purchasing management is of paramount…
LONDON, UK: Octopus Renewables Infrastructure Trust plc (ORIT), a leading investor in renewable energy assets, has announced that it has agreed to invest up to £2m to set up and fund a new development business, focused on creating new ground-mounted…
LONDON, UK: ITM Power and W. L. Gore & Associates intend to collaborate to further deepen their understanding of proton exchange membrane water electrolysis (PEMWE) performance over lifetime, durability mechanisms and reliability. The collaboration will enable fast paced progress, and…
OSLO, NORWAY: Astrocast, a leading satellite IoT operator, has announced the extension of its partnership with Airbus Defence and Space (Airbus), a global leader in the aerospace industry. The partnership aims to enhance the capabilities of satellite Internet of Things…