
Green hydrogen marvel bound for blockbuster IPO
With an IPO, Green Hydrogen Systems can expect DKK 5-10bn in funding. Carnegie, ABG Sundal Collier and JP Morgan are paving the way to ensure the company’s entry onto the official list.
With an IPO, Green Hydrogen Systems can expect DKK 5-10bn in funding. Carnegie, ABG Sundal Collier and JP Morgan are paving the way to ensure the company’s entry onto the official list.
The German turbine maker increased its sales in 2020 by more than 40 percent, though its operating margin declines.
Whereas it's quite true that one little feather may swell till it becomes five fowls, or at least in an iconic Danish fairy tale, Vestas is now planning to pull off the same ratio in an equity split.
The power will be generated by project Haystack Wind in Nebraska, which is currently under establishment and expected to come online later this year.
Aker's new hydrogen venture means to raise NOK 3bn in connection with its forthcoming IPO.
Hundreds of organizations have united in opposition to the planned EACOP pipeline, which the alliance believes could devastate local communities in Africa.
The federal republic has agreed to pay compensation to energy companies operating domestic atomic power stations following the country's policy shift to phase out the contentious energy source in the wake of the Fukushima Dai-Ichi meltdowns.
The oil and gas supermajor is suing the Australian investment bank in Texas after a dispute regarding missed gas deliveries.
Major improvements in the Offshore Energy division were not enough to secure a profit on the Dutch offshore company's bottom line.
Safety should have been better, and communications seemed random during last year's highly dangerous gas leak on the Tyra platform in the Danish North Sea, concludes Denmark's Accident Investigation Board for Offshore Oil and Gas Activities. Operator Total pledges improvements to procedures and practices.
The new facility will be ready in 2023 and will produce electrolyzers with efficiencies higher than 90 percent. The factory will be scalable, in time able to build electrolyzers of 5 GW per year, though the location is still uncertain.
Mandatory divestment of transmission facilities at Ørsted's largest offshore wind farm is approved by British regulator, with the utility still in charge of operations.
The utility serving metropolitan Copenhagen could power up a carbon capture and storage facility five years after getting the go-ahead. The investment required for the undertaking is huge, but so is the reduction potential, says Charlotte Søndergren, Head of Department at Hofor.
The German utility can be pleased with itself for having succeeded in getting its adjusted profit to grow despite sliding revenue. Omitting adjustments, though, paints a rather different picture.
Among the minister's proposals is a new hydrogen hub in Wales, which will create 500 jobs and test renewable energy use in semi-trucks. He also means to finance development of the UK's offshore wind industry.
Drilling company Seadrill started 2021 with a deficit four times the size of that in 2019. The strained company continues to be in talks about a comprehensive rescue plan and still awaits approval of its Chapter 11 petition.
A new study shows that many companies fail to incorporate cybersecurity in their green transition efforts. According to Serdar Cabuk, who heads Deloitte Cyber Risk, this could slow down the development of new green technologies
The Finnish utility will make a substantial investment in dam security in Sweden with plans for an extensive rebuild of the more than 100-year-old hydropower plant in Forshuvud.
The Bank of England could end up favoring credit for green projects looking forward, senior economist says. Swedish central bank Riksbank is also underway with the same maneuver.
Valaris receives the court's approval for its rescue plan. With comprehensive support from both bond holders and banks, the rescue plan means that the crisis-stricken drilling company expects to leave Chapter 11 early in the second quarter.
Container major Maersk has appointed a new head of future fuels. She has been found internally and will work under the group's new decarbonization team to explore alternative fuels for the fleet.
We must not be responsible for limiting the growth of offshore wind, the steel contractor's CEO says about investing in producing monopiles one and half time larger than current specs. The steps taken are cautious ones, however.
Green Hydrogen Systems' new factory in Western Denmark can produce electrolyzer equipment for 150 MW per year, but that could easily be scaled up to 1,000 MW.