Technip Energies and John Cockerill have created a joint venture named Rely, which aims to become a single source provider of competitive green hydrogen solutions. Rely aims to play a key role in the global energy transition by offering integrated solutions for green hydrogen markets based on Power-to-X technologies.
Technip Energies announces encouraging financial results despite the exit of a Russian project. The company is betting on green hydrogen and creating a joint venture with John Cockerill to become a single-source provider of competitive green hydrogen solutions. This initiative aims to accelerate the global energy transition.
Veolia recorded a 20% increase in revenue in the first quarter of 2023 compared with the previous year, driven by the sharp rise in energy prices. The energy sector represents 23% of the group’s activity, followed by recycling (35%) and water management (42%).
France has passed the milestone of 100,000 electric charging stations installed on its territory, catching up with its European neighbors. Although hailed as an achievement, the question of maintaining such a network and deploying fast charges remains, as these are still largely in the minority.
Japanese Prime Minister pledges to help Mozambique against jihadist insurgency and promises financial assistance to fight terrorism. Japan, the world’s largest importer of liquefied natural gas, is looking to deepen its relationship with Maputo, particularly in the energy sector.
EDP recorded a net profit of 306 million euros in 1Q 2023, thanks to the normalization of hydroelectric production in Portugal. EDP Renovaveis, EDP’s renewable energy subsidiary, reported a profit of 65 million euros in the first three months of the year.
Engie wins a victory against the European Commission in a dispute over controversial tax benefits granted in Luxembourg. The CJEU is expected to issue a ruling at a later date following the Advocate General’s proposal to annul the European Commission’s decision.
The National Assembly has adopted on second reading a bill to protect EDF and extend the benefit of regulated electricity tariffs, despite attempts to obstruct the government. The parliamentary shuttle will continue with the Senate.
Legrand is maintaining its annual targets after a 9% increase in sales and 28% increase in net profit in the first quarter, thanks in particular to its flagship products related to energy efficiency, IT data centers and connected products.
The United Nations is short of $24 million to fund the rescue of an abandoned oil tanker off the coast of Yemen that risks causing an oil spill in the Red Sea. Despite this, the operation is expected to start before the end of May thanks to existing donations and internal UN funding mechanisms.
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