RIYADH – Saudi Arabia’s Tanmiah Food Company has signed three memorandums of understanding (MoUs) with industrial technology firm Schneider Electric and local firms Strataphy and Kayes Arabia to accelerate its decarbonization plans and improve energy efficiency, the company said on Sunday. The agreements, announced at the Saudi Agri-Food Tech Alliance (SAFTA) Forum in Riyadh, are…
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Company posted a 15% increase in consolidated revenue, reaching €3.6 billion, while recurring EBITDA rose 13% to €319 million PARIS: Technip Energies reported strong unaudited financial results for the first half of 2025, underscoring its continued momentum and strategic progress in energy infrastructure and decarbonization. The company posted a 15% year-over-year increase in consolidated revenue,…
BROOKLYN HEIGHTS: GrafTech International Ltd. (NYSE: EAF) reported its highest quarterly sales volume in nearly three years, reflecting strong execution of its strategic initiatives and resilience amid industry challenges. The graphite electrode manufacturer posted a 12% year-over-year sales volume increase in Q2 2025, its strongest since Q3 2022. U.S. sales volume surged 38% compared to…
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…
PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…
StormFisher Hydrogen, a company that develops facilities to produce e-fuels from wind and solar power, has received a $30 million investment from ARC Financial Corp. The funding will help StormFisher Hydrogen expand its pipeline of projects in the United States and Canada, where it aims to decarbonize various sectors with its electrolysis-based fuels. StormFisher Hydrogen,…
Volvo Group Venture Capital AB has joined Zacua Ventures Builders Fund I, L.P., a global venture capital fund that supports early-stage technology start-ups in the construction industry. The fund focuses on emerging technologies that can reduce carbon emissions and improve efficiency in the sector. Zacua Ventures was founded in 2022 and operates in North America,…
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
PARIS: Atos today launches Terra², a mobile application that provides valuable data so that decision makers and influencers can make data-driven decisions, supporting the COP26 ambition. The data presented combines satellite imagery offered by Atos’ satellite Earth Observation Platform Mundi Web Services, the world’s largest earth observation program, with scientific research from international laboratories and research institutes1 led by…