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Archive by category Energy & Environment

ETAP and Schneider Electric Unveil World’s First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

Digital twin provides enhanced insight and control over AI Factory electrical systems and power requirementsProduct collaboration integrates ETAP’s advanced Electrical Digital Twin technology with NVIDIA Omniverse™ Cloud APIsOperators can benefit from advanced energy efficiency, predictive maintenance, and reduced total cost of ownership Boston, MA, USA, March 19, 2025 (Korea Bizwire) – BOSTON (USA), March 18, 2025 – Schneider [...]

LyondellBasell and Covestro announce permanent closure of PO11 unit at Maasvlakte

MAASSVLAKTE, Netherlands, March 18, 2025 (Korea Bizwire) – LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to [...]

Copenhagen Infrastructure Partners’ fifth flagship fund exceeds target of EUR 12 billion

Today, Copenhagen Infrastructure Partners (CIP) announced that its fifth flagship fund, CI V, surpasses its target size of EUR 12 billion at final close. COPENHAGEN, Denmark, March 14, 2025 (Korea Bizwire) – Investor interest in large-scale greenfield energy infrastructure investments is strong, and CIP is now finalising fundraising for CI V with total fund commitments [...]

Prodezi kicks off construction of first eco-industrial park in Long An

LONG AN, Vietnam, March 13, 2025 (Korea Bizwire) – Prodezi Long An JSC (Prodezi) and Huong Viet Investment Consulting JSC (Huong Viet Holding) have broken ground on the first eco-industrial park in Long An, Vietnam. With a total investment of $195 million, Prodezi Eco-Industrial Park (Prodezi EIP) is set to become a pioneering eco-industrial park [...]

Copenhagen Infrastructure Partners secures CfD contract for onshore wind farm in Romania and welcomes the European Investment Bank as co-investor

Following its successful participation in the November 2024 CfD auction, the Pestera II onshore wind project in Romania is now in the final stages prior to start of construction. COPENHAGEN, Denmark, March 13, 2025 (Korea Bizwire) – Today, Copenhagen Infrastructure Partners (CIP) announced that Radramo Power SRL, the company holding the rights to the ~400MW [...]

General Fusion’s Made-in-Canada Technology Achieves First Plasma in Cutting Edge Fusion Demonstration Machine

RICHMOND, British Columbia, March 11, 2025 (Korea Bizwire) – General Fusion’s Magnetized Target Fusion (MTF) demonstration, Lawson Machine 26 (LM26), has successfully formed a magnetized plasma in the machine’s target chamber—a significant achievement in the operation of this world-first machine. LM26 is now forming plasmas daily as General Fusion’s team optimizes performance in preparation for its next [...]

Hitachi Energy invests additional $250 million USD to address global transformer shortage

More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand — The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain — Builds on the $6 billion USD investment announced in [...]

Wood Mackenzie donates solar power system to domestic violence shelter in Puerto Rico

Wood Mackenzie’s fourth delegation will travel to impoverished areas of Puerto Rico in March to install solar panels and energy storage systems LONDON/HOUSTON/SINGAPORE, 6 March 2025 – To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels and 2 batteries of [...]

Pow.Bio Unveils State-of-the-Art Facility in Alameda, Expanding Biomanufacturing Capabilities to Support Demand for Continuous Fermentation

ALAMEDA, Calif., March 05, 2025 (Korea Bizwire) – Pow.Bio, a leader in innovative biomanufacturing solutions, is pleased to announce the opening of its new cutting-edge facility in Alameda, California. The new 25,000 sq ft facility, located at Marina Village in Alameda, boasts state-of-the-art production facilities equipped with AI-enabled continuous fermentation capabilities, enabling partners to achieve target [...]

Wood Mackenzie launches Lens Power & Renewables

Combined data analytics offering provides a 360-degree view of the power sector to pinpoint the most attractive investment trends and growth opportunities. LONDON/HOUSTON/SINGAPORE, 4 March 2025 - Wood Mackenzie, the global insight business for renewables, energy, and natural resources, has launched Lens Power & Renewables, a new suite of products with interconnected data, analytics, and insights to [...]