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Archive by category Energy & Environment

Fluence Unveils Smartstack, a High-Density AC-based Energy Storage Platform with a Breakthrough Modular Design

Backed by Fluence’s industry-leading project deployment expertise, Smartstack delivers advanced intelligence, approximately 30% higher energy density compared to other leading market solutions, and drives enhanced overall project economics ARLINGTON, Va., Feb. 13, 2025 (Korea Bizwire) – Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, [...]

Valeura Energy Inc.: Record Reserves and Resources at Year-End 2024: 2P Reserves Replacement Ratio of 245%

SINGAPORE, Feb. 13, 2025 (Korea Bizwire) – Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to announce the results of its third-party independent reserves and resources assessment as at year-end 2024. Highlights Record high year-end reserves: 32 MMbbl proved (1P), 50 MMbbl proved plus probable (2P) and 60 MMbbl proved plus probable [...]

Sustainability Economics and Gujarat Power Corporation Limited Sign MoU to Accelerate the Convergence of AI and Clean Energy

Ahmedabad- India, Feb. 07, 2025 (Korea Bizwire) – Ahmedabad, India – In a groundbreaking move to accelerate the convergence of artificial intelligence (AI) and clean energy, Sustainability Economics and Gujarat Power Corporation Limited (GPCL) have signed a Memorandum of Understanding (MoU). This strategic partnership aims to integrate two transformative megatrends through an innovative approach, fostering [...]

Copenhagen Infrastructure Partners commences construction on a 960 MWh battery energy storage project in Australia

Summerfield, a four-hour 240 MW / 960 MWh battery energy storage system, is expected to be operational in 2027 MELBOURNE, Australia and COPENHAGEN, Denmark, Feb. 07, 2025 (Korea Bizwire) – Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has issued notice to proceed to start construction of the 240 MW / [...]

Clean Core Thorium Energy Raises $15.5M in Series Seed

CHICAGO, Feb. 06, 2025 (Korea Bizwire) – Clean Core Thorium Energy (CCTE) has raised a $15.5M Series Seed round of financing to advance the ANEEL fuel – a patented blend of thorium & HALEU designed to be seamlessly deployed into existing reactors. With plans to commercialize in 2026, the capital will be used towards solidifying the company’s [...]

Ingredion Incorporated Reports Strong 2024 Fourth Quarter and Full-Year Results

Full-year 2024 reported and adjusted* EPS were $9.71 and $10.65, compared with $9.60 and $9.42 in the full-year 2023, respectively Full-year 2024 cash from operations was $1,436 million, which benefited from approximately $400 million favorable change in working capital balances as corn costs decreased In 2024, the Company returned $426 million to shareholders, including $216 [...]

Homeowners not leveraging available technology to reduce energy costs and emissions, says report from Schneider Electric

Although 70% of survey respondents recognize the importance of reducing their carbon footprint, many are still opting for small-scale solutions.Turning off lights is the most common energy-saving method, but accounts for just 5% of average energy bills. However, only 44% of respondents adjusted their ambient temperature, representing over half of household energy use. Rueil-Malmaison, France, [...]

Shell plc publishes fourth quarter 2024 press release

London, January 30, 2025 “2024 was another year of strong financial performance across Shell. Despite the lower earnings this quarter, cash delivery remained solid and we generated free cash flow of $40 billion across the year, higher than 2023, in a lower price environment. Our continued focus on simplification helped to deliver over $3 billion [...]

Politecnico di Torino’s EU-Italy Energy Days: Nuclear, Hydrogen and alternative fuels were the core themes of the two-day discussion on the future of energy, organized by Politecnico di Torino

Mario Draghi was awarded the international “PoliTO Foresight and Innovation” prize TURIN, Italy, Jan. 27, 2025 (Korea Bizwire) – The EU-Italy Energy Days, organized by Politecnico di Torino in collaboration with the Italian Ministry for the Environment and Energy Security, and with the full support of the Italian Ministry for Universities and Research, and the European Commission, ended today with the awarding [...]

Taean Wind Power Secures Fixed-Price Offtake Contract to Develop Offshore Wind Project in Korea

Copenhagen Infrastructure Partners (CIP) and Vena Energy announced today that their joint offshore wind project, Taean Wind Power, has been awarded an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction arranged by the Korea Energy Agency (KEA) SEOUL, South Korea, Jan. 24, 2025 (Korea Bizwire) – The Taean Wind Power project, a fixed-bottom [...]