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Eni: sharp drop in profit in 2024 due to falling prices
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
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Eni: sharp drop in profit in 2024 due to falling prices
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.
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Veolia reports a 17.1% increase in net profit in 2024
Veolia announced a 17.1% increase in net profit for 2024, reaching €1.098bn. This performance is driven by its GreenUp strategic plan, despite a decline in revenue linked to falling energy prices and divestments.
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Veolia reports a 17.1% increase in net profit in 2024
Veolia announced a 17.1% increase in net profit for 2024, reaching €1.098bn. This performance is driven by its GreenUp strategic plan, despite a decline in revenue linked to falling energy prices and divestments.
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Eni signs strategic agreements with Emirati firms in data centres, electrical interconnections, and critical minerals
During the state visit of the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, Eni signed three collaboration agreements with Emirati companies, focusing on data centre development, the electricity interconnection between Albania and Italy, and research on critical minerals.
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Eni signs strategic agreements with Emirati firms in data centres, electrical interconnections, and critical minerals
During the state visit of the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, Eni signed three collaboration agreements with Emirati companies, focusing on data centre development, the electricity interconnection between Albania and Italy, and research on critical minerals.
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Tata Power invests ₹30,000 crore in renewable energy in Assam
Tata Power has signed a memorandum of understanding with the government of Assam to develop up to 5,000 MW of renewable energy projects. This ₹30,000 crore investment aims to strengthen the state's energy infrastructure and foster local job creation.
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Tata Power invests ₹30,000 crore in renewable energy in Assam
Tata Power has signed a memorandum of understanding with the government of Assam to develop up to 5,000 MW of renewable energy projects. This ₹30,000 crore investment aims to strengthen the state's energy infrastructure and foster local job creation.
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Blackstone closes its energy transition fund at $5.6 billion
Blackstone has finalised the closing of its Blackstone Energy Transition Partners IV fund, reaching a cap of $5.6 billion, a 33% increase compared to its previous fund.
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Blackstone closes its energy transition fund at $5.6 billion
Blackstone has finalised the closing of its Blackstone Energy Transition Partners IV fund, reaching a cap of $5.6 billion, a 33% increase compared to its previous fund.
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Merdeka Battery Materials secures $1.4 billion loan for nickel plant
Merdeka Battery Materials has secured $1.4 billion in financing to build a nickel plant in Indonesia. This project, supported by a banking consortium, aims to meet the growing demand for lithium-ion battery materials used in electric vehicles.
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Merdeka Battery Materials secures $1.4 billion loan for nickel plant
Merdeka Battery Materials has secured $1.4 billion in financing to build a nickel plant in Indonesia. This project, supported by a banking consortium, aims to meet the growing demand for lithium-ion battery materials used in electric vehicles.
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Uniper reduces business risks and plans €2.6 billion payment
Uniper recorded adjusted EBITDA of €2.61 billion in 2024, significantly down from the previous year. The company has reduced its business risks, notably by terminating its gas supply contracts with Gazprom Export, and plans to make a €2.6 billion payment to the German state.
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Uniper reduces business risks and plans €2.6 billion payment
Uniper recorded adjusted EBITDA of €2.61 billion in 2024, significantly down from the previous year. The company has reduced its business risks, notably by terminating its gas supply contracts with Gazprom Export, and plans to make a €2.6 billion payment to the German state.
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AMEA Power signs agreements to develop 1,500MWh battery energy storage systems in Egypt
AMEA Power has signed agreements with the Egyptian government to build two battery energy storage stations (BESS) in Egypt, with a total capacity of 1,500MWh, to improve grid stability and facilitate the integration of renewable energy sources.
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AMEA Power signs agreements to develop 1,500MWh battery energy storage systems in Egypt
AMEA Power has signed agreements with the Egyptian government to build two battery energy storage stations (BESS) in Egypt, with a total capacity of 1,500MWh, to improve grid stability and facilitate the integration of renewable energy sources.
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National Grid sells its US onshore renewables assets for $1.7 bn
UK energy group National Grid has announced the sale of its US onshore renewables business to Canadian asset manager Brookfield for $1.7 bn. This move is part of its strategy to refocus on electrical networks.
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National Grid sells its US onshore renewables assets for $1.7 bn
UK energy group National Grid has announced the sale of its US onshore renewables business to Canadian asset manager Brookfield for $1.7 bn. This move is part of its strategy to refocus on electrical networks.
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Entech signs €30m contract for battery energy storage systems
Entech has signed a contract worth over €30m for the construction of battery energy storage systems. The project, with a total capacity of 50 MW/100 MWh, will be deployed across several sites in France between 2025 and 2026.
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Entech signs €30m contract for battery energy storage systems
Entech has signed a contract worth over €30m for the construction of battery energy storage systems. The project, with a total capacity of 50 MW/100 MWh, will be deployed across several sites in France between 2025 and 2026.
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ACWA Power acquires energy assets in Kuwait and Bahrain for $693 million
ACWA Power has signed an agreement to acquire stakes in power generation and water desalination assets in Kuwait and Bahrain for $693 million, further strengthening its position in the regional sector.
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ACWA Power acquires energy assets in Kuwait and Bahrain for $693 million
ACWA Power has signed an agreement to acquire stakes in power generation and water desalination assets in Kuwait and Bahrain for $693 million, further strengthening its position in the regional sector.
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Acen Australia begins construction of 400 MWh energy storage system in New South Wales
Acen Australia has started construction of a 200 MW/400 MWh battery energy storage system (BESS) co-located at the 720 MW New England site in New South Wales, Australia, aimed at enhancing grid stability.
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Acen Australia begins construction of 400 MWh energy storage system in New South Wales
Acen Australia has started construction of a 200 MW/400 MWh battery energy storage system (BESS) co-located at the 720 MW New England site in New South Wales, Australia, aimed at enhancing grid stability.
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BP Shifts Focus Back to Fossil Fuels Amid Investor Pressure
Under investor pressure, BP abandons its goal of increasing renewable energy production and refocuses on oil and gas to meet short-term profitability expectations.
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BP Shifts Focus Back to Fossil Fuels Amid Investor Pressure
Under investor pressure, BP abandons its goal of increasing renewable energy production and refocuses on oil and gas to meet short-term profitability expectations.
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Akaysha Energy signs agreement with Gunvor for a BESS in Queensland
Akaysha Energy has signed a long-term purchase agreement with Gunvor Group for a 205 MW/410 MWh battery energy storage system (BESS) in Brendale, Queensland. This partnership aims to ensure revenue stability and optimise project operations.
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Akaysha Energy signs agreement with Gunvor for a BESS in Queensland
Akaysha Energy has signed a long-term purchase agreement with Gunvor Group for a 205 MW/410 MWh battery energy storage system (BESS) in Brendale, Queensland. This partnership aims to ensure revenue stability and optimise project operations.
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Pacific Green sells its energy storage project in Australia for A$460mn
Pacific Green Technologies has finalised the sale of its Limestone Coast North energy storage project to Intera Renewables for A$460mn (US$293mn). The agreement stipulates that Pacific Green will oversee construction before Intera assumes asset management.
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Pacific Green sells its energy storage project in Australia for A$460mn
Pacific Green Technologies has finalised the sale of its Limestone Coast North energy storage project to Intera Renewables for A$460mn (US$293mn). The agreement stipulates that Pacific Green will oversee construction before Intera assumes asset management.
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Germany accelerates energy storage to secure its supply
In Bollingstedt, a new battery storage facility aims to power 170,000 households, illustrating Germany’s strategy to strengthen its energy infrastructure and stabilise its grid amid the rise of renewable energy sources.
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Germany accelerates energy storage to secure its supply
In Bollingstedt, a new battery storage facility aims to power 170,000 households, illustrating Germany’s strategy to strengthen its energy infrastructure and stabilise its grid amid the rise of renewable energy sources.
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EDF: Luc Rémont’s board mandate set to expire this summer
Luc Rémont, chairman and CEO of EDF, will see his board mandate come to an end this summer. This expiration comes as the company is engaged in negotiations with the state over the financing of its nuclear programme.
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EDF: Luc Rémont’s board mandate set to expire this summer
Luc Rémont, chairman and CEO of EDF, will see his board mandate come to an end this summer. This expiration comes as the company is engaged in negotiations with the state over the financing of its nuclear programme.
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EDF posts record €11.4 billion profit despite revenue decline
EDF recorded a net profit of €11.4 billion in 2024, driven by increased nuclear and hydropower production. Despite falling electricity prices, the utility maintains strong financial results but faces financial and strategic challenges.
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EDF posts record €11.4 billion profit despite revenue decline
EDF recorded a net profit of €11.4 billion in 2024, driven by increased nuclear and hydropower production. Despite falling electricity prices, the utility maintains strong financial results but faces financial and strategic challenges.
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Air Liquide records a net profit of €3.31 billion in 2024 #
Air Liquide has announced a 7.4% increase in its net profit for 2024, reaching €3.31 billion. Despite a 2% decline in revenue, the group is relying on improved operating margins and strategic investments to strengthen its market growth. #
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Air Liquide records a net profit of €3.31 billion in 2024 #
Air Liquide has announced a 7.4% increase in its net profit for 2024, reaching €3.31 billion. Despite a 2% decline in revenue, the group is relying on improved operating margins and strategic investments to strengthen its market growth. #
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Launch of the 100 MW Bramley Energy Storage Project in the UK
BW ESS and Sungrow announce the commercial operation of the 100 MW Bramley battery energy storage project, further strengthening the UK's energy security and resilience against grid challenges.
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Launch of the 100 MW Bramley Energy Storage Project in the UK
BW ESS and Sungrow announce the commercial operation of the 100 MW Bramley battery energy storage project, further strengthening the UK's energy security and resilience against grid challenges.
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Growth of the Lithium-Ion Battery Recycling Market: A Report from Deloitte and CAS Analyzes Key Trends
A new joint report from Deloitte and CAS highlights market and innovation trends in the lithium-ion battery recycling industry, crucial to sustainable energy transition.
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Growth of the Lithium-Ion Battery Recycling Market: A Report from Deloitte and CAS Analyzes Key Trends
A new joint report from Deloitte and CAS highlights market and innovation trends in the lithium-ion battery recycling industry, crucial to sustainable energy transition.
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Schneider Electric Posts Record Profits in 2024 Driven by Energy Transition and Data Centres
Schneider Electric announced exceptional financial results for 2024, driven by strong demand in energy management and data centre sectors, despite a decline in its industrial automation business.
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Schneider Electric Posts Record Profits in 2024 Driven by Energy Transition and Data Centres
Schneider Electric announced exceptional financial results for 2024, driven by strong demand in energy management and data centre sectors, despite a decline in its industrial automation business.
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Taoke energy and CATL Sign a 300 MWh Battery Supply Agreement for ESS Projects in Japan
Taoke energy and CATL have signed an agreement to supply 300 MWh of batteries for Taoke energy's ESS projects in Japan throughout 2025, further strengthening their strategic partnership in the renewable energy sector.
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Taoke energy and CATL Sign a 300 MWh Battery Supply Agreement for ESS Projects in Japan
Taoke energy and CATL have signed an agreement to supply 300 MWh of batteries for Taoke energy's ESS projects in Japan throughout 2025, further strengthening their strategic partnership in the renewable energy sector.
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Nexans Reaps the Dividends of Its Electrification Strategy
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
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Nexans Reaps the Dividends of Its Electrification Strategy
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
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Orano Records a Record Annual Profit
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
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Orano Records a Record Annual Profit
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
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Sitka Power Inc. Acquires a Renewable Energy and Energy Storage Portfolio from Saturn Power Inc.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
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Sitka Power Inc. Acquires a Renewable Energy and Energy Storage Portfolio from Saturn Power Inc.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
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