Aker Solutions has recently inaugurated Northern Europe's largest vertical millturn machine for hydropower components, along with an advanced full-service workshop at the Tranby Technology Centre in Norway. This new facility is a testament to Aker Solutions' unwavering commitment to strengthening
The US Department of Energy (DOE) Loan Programs Office (LPO) has played a critical role in advancing the nation's clean energy agenda, particularly during periods of administrative transition. With a substantial loan authority amounting to an impressive $400 billion, the LPO has been pivotal in
The October 2024 report by the International Energy Agency (IEA) provides comprehensive insights and forecasts for the photovoltaic (PV) energy sector through 2030. By 2030, renewable electricity generation is predicted to exceed 17,000 TWh globally, marking an almost 90% increase from 2023 and
Aiming to generate an astounding 44,000 megawatts of electricity, the Grand Inga Dam project in the Democratic Republic of Congo (DRC) is set to become Africa's largest hydropower initiative. Valued at a staggering $80 billion, this ambitious project seeks to transform the energy supply across the
The European Commission's Scale-up Initiative, launched in collaboration with the European Investment Bank (EIB), aims to significantly boost investments in energy efficiency across the European Union (EU). This strategic project addresses the urgent need for decarbonization by mobilizing both
In a landmark financial arrangement, the European Investment Bank (EIB) has granted a loan of €206.9 million to the Polish energy giant ORLEN Group. With Poland’s energy grid modernization and the incorporation of renewable energy sources as the core ambitions, this collaboration stands poised to
