RWE and PPC Renewables partner to accelerate Greece’s green energy transformation
Key Insights and Signals in Energy & Utilities
Centre Setup and Expansion Iberdrola to build the largest photovoltaic park in Europe in Portugal With 1,200 MW of installed capacity, it will be in the Santiago de Cacm municipality, near Sines, a logistics pole in southern Europe, and will have Prosolia Energy as a partner. The mega-plant will generate 2,500 jobs. Read More>> RWE and PPC to develop five solar power projects in Greece The companies have taken the final investment decision for five photovoltaic projects of 210 MWp in Greece through their joint venture company Meton Energy. The total USD 180 Mn investment in five photovoltaic projects will take place in Western Macedonia. Read More>>Partnerships TotalEnergies agrees to JV to develop a network of hydrogen stations in Europe The two companies have agreed to create an equally owned joint venture to develop a network of hydrogen stations geared towards heavy-duty vehicles on major European road corridors. The partners aim to set up more than 100 hydrogen stations on major European roads in France, Benelux, and Germany in the coming years. Read More>> Petronas Lubricants International and Iveco consolidate their collaboration The company has strengthened its long-standing partnership with Iveco by developing lubricants for the new Iveco eDaily zero-emission vehicles to increase performance and improve the sustainability of the industrial solution. Read More>>Executive Movements NextEra Energy’s Eric Silagy to retire; successor named NextEra Energy announced that Eric Silagy, Florida Power & Light Company’s chairman, president, and CEO, is retiring. Armando Pimentel will return to NextEra to serve as president and CEO of FPL, while John Ketchum, current chairman, president, and CEO of NextEra, will serve as chairman of FPL. Read More>> Vistra announces expansion of its Board of Directors with the appointment of Julie Lagacy Julie Lagacy has been appointed as an independent director. Lagacy’s appointment will expand Vistra’s board to 11 members. Lagacy brings extensive executive management experience, including financial, strategic, technology, cybersecurity, ESG, management development, acquisitions, and capital allocation. Read More>> Eskom board to terminate COO position after Jan Oberholzer retires The company’s board will be making a structural change and eliminating the position of the chief operating officer after Jan Oberholzer, the current COO, retires in April this year. The decision was made known by Eskom board member Mteto Nyati in an abrupt briefing on Eskoms current system challenges. Read More>>Financial and Market Activity Oil major TotalEnergies doubles annual profit to USD 36 Bn The company doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia invaded Ukraine. Under IFRS accounting standards, net profit was USD 20.5 Bn, lower than the adjusted profit figure because it included USD 15 Bn in write-offs on its Russian businesses. Read More>> Dana Gas announces net profit of AED 667 Mn for FY 2022 Dana Gas reported an increase in revenues by 17% to AED 1.94 Bn (USD 529 Mn) in 2022 compared to AED 1.66 Bn (USD 452 Mn) in 2021. Excluding other income and impairments, Dana Gas reported an adjusted net profit of AED 718 Mn (USD 196 Mn) compared to AED 469 Mn (USD 128 Mn) in 2021, an increase of 53%. Read More>>
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Latest Industry Insights from Draup Braindesk
Recycle PET Bottles
Indian Oil Corporation launched an eco-friendly uniform made from discarded PET bottles for the company’s frontline energy workers to recycle twenty million bottles annually. That helps convert plastic bottles into fabric, to diligent handling of problems opens doors and new opportunities.
Aircraft Aviation Fuel
Indian Oil Corporation introduced AVGAS 100 LL, special aviation fuel meant for piston engine aircraft and Unmanned Ariel Vehicles to serve the needs of a thriving aviation industry with an increase in footfall in airports, a rise in the number of aircraft, and Flying Training Organizations (FTOs) in trainee aircraft for pilot training in future.
Location Development
Indian Oil Corporation collaborated with the National Tiger Conservation Authority (NTCA) for the transcontinental relocation of ‘Cheetah’ in its historical range in India. That helps strengthen the Government of India’s endeavors to restore India’s rich history & heritage and resolve to nurture a greener, brighter, and vibrant new India.
Renewable Energy Resource
Indian Oil Corporation partnered with NTPC to power Indian Oil refineries with renewable energy to unify the purpose of increasing the usage & capacity of renewable energy sources in the country using round-the-clock renewable energy to 650MW.
Green Hydrogen Enhancement
Indian Oil Corporation collaborated with L&T and ReNew to develop the nascent green hydrogen sector to enable the nation’s Atmanirbhar Bharat mission. That rapidly builds, expands, and brings in economies of scale to make green hydrogen a cost-effective energy carrier and a chemical feedstock for many sectors.
Solar Petroleum Sector
Indian Oil Corporation introduced an innovative solar cooktop to power self-reliance in the downstream petroleum sector that helps to lead from the forefront with its flagship lubricants and cutting-edge technologies.
Startup Spotlight
Company – Everfuel Total Funding– USD 50.23 Mn About: Everfuel commercializes green hydrogen for mobility and industry and provides the missing link between renewable energy and green transportation. Everfuel is making hydrogen mobility for heavy-duty vehicles commercially available in Europe. Read more>>
Latest Reports Published in Draup
Culligan Account Intelligence Report
Culligan focuses on providing the Culligan Connect App using IoT technologies. It includes away mode monitoring, viewing hourly, daily, and weekly water usage and active salt monitoring to calculate levels and optimize water softener performance and maximize energy efficiency. Read More>>
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