Wärtsilä has started taking a closer look at ammonia as a potential solution to the maritime industry's climate troubles. From 2022, shipping companies will be incorporated into trials at sea.
A new consortium sets out to build a PtX plant in Scandinavia that can convert waste into sustainable methanol as an alternative transport fuel. Six of such facilities will be established in the Nordic region over the coming ten years.
The battery maker's forthcoming recycling plant will be built near its Ett factory in Skellefteå, Sweden.
The Danish-Norwegian hydrogen firm adjusts its business as a consequence of the coronavirus, causing delays.
VKR Holding set a record in 2019 on both top and bottom lines, but the effects of the coronavirus will bring dark clouds over 2020, CEO says. The company will moreover have a new chairman of the board this year.
Statkraft has acquired Vattenfall's electric vehicle companies in the UK. The latter utility thereby leaves the British charger market only two years after entering.
Europe's largest producer of pre-insulated district heating pipes had a strong 2019, says CEO Kim Christensen, but the coronavirus adds uncertainty to positive growth forecasts. The company also prepares for new ownership.
The metering company hasn't been able to keep pace with the preceding two years and sees its profit wane. However, the firm notes that it has made large investments meant to quintuple revenue over a number of years.
Haldor Topsøe plans to boost its renewable fuel business this year by developing a range of new projects. "We can really feel the green energy transition changing things right now," the group's CEO says after a record year.
The Swedish Export Credit Agency will no longer invest in natural gas extraction in the Arctic, for example. Going forward, investments through the agency will happen in accordance with the targets set by the Paris agreement.
The EU Commission plans to launch a European partnership to accelerate development of green hydrogen as a fuel.
After 2019 saw several downgrades, Grundfos CEO Mads Nipper concludes the firm's accounting with another record-breaking result before interest and taxes. Growth has stagnated, however, and 2020 will be a tough year, the CEO concedes.
Growth made on the back of acquiring US company OBG led the Danish engineering consultancy to book its "hitherto highest" revenue post as well as an increased operating result. On the other hand, profit shrank markedly.
US auto giant General Motors challenges Tesla with a novel battery type set to boost the competitiveness of EVs against internal combustion models.
The Danish-Norwegian hydrogen company seriously began its path to large-scale production in 2019, and this has resulted in record-high revenue – but also an unprecedented red bottom-line result. However, an order book filled to the brim amid a more mature market could make 2020 a turning point for Nel.
Hempel raised both its top and bottom lines in the first year after buying German J.W. Ostendorf, prompting CEO Lars Petersson to vow further acquisitions. The company is now poised with more money than previously announced, he reveals.
Ammonia is currently the best candidate among future eco-friendly ship fuels, shipping researcher Tristan Smith tells EnergyWatch's sister media, ShippingWatch. Ammonia has several advantages over other alternative fuels, he says.
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