Author: omc_admin

Hyundai Glovis, the logistics arm of Hyundai Motor Group, has successfully completed a proof-of-concept (PoC) trial with CaPow, an Israeli startup specializing in continuous power delivery for robotic fleets. The trial, conducted at a Hyundai Glovis facility in South Korea, demonstrated 100% uptime for Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs) equipped with CaPow’s Power-in-Motion technology. What’s RelatedTraditional charging methods often require robots to pause operations, leading to downtime and necessitating larger fleets to maintain productivity. CaPow’s solution addresses this by transferring power wirelessly through modular floor antennas, allowing robots to charge while in motion. This approach not…

Microsoft announced that it has signed an agreement with Sublime Systems to buy more than 600,000 tons of low-carbon cement, with the purchase agreement aimed at helping the technology giant address its carbon footprint, as well as to help advance the sustainable materials market. Cement production is a significant contributor to global greenhouse gas emissions, and one of the more difficult sectors to decarbonize. Cement currently accounts for approximately 8% of global carbon dioxide emissions, with over 900 kg of CO2 emissions generated for every 1,000 kg of material produced. Spun out of MIT in 2020, Sublime has developed a…

Will the Trade War Help Us Win the Education Battle? If the Trump administration’s tariff-driven trade war regenerates America’s domestic manufacturing base (a big “if” but let’s run with the premise for now), where will we find the people required to run these new factories and supply chains? Even today, manufacturing operations have difficulty finding workers, an issue that may be exacerbated due to immigration caps. Technological change will have two critically important, related effects. New, on-shored manufacturing plants will likely be modern, requiring fewer workers per unit produced. However, the high-end factory jobs available in these facilities will probably…

Eni signs exclusivity deal with GIP for near-50% co-control stake in Eni CCUS Holding. Deal includes key UK, Dutch, and future Italian CCUS projects, with potential for broader platform expansion. Supports Eni’s strategy to attract capital for energy transition and scale decarbonization assets. Eni has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a BlackRock-owned infrastructure investor, to advance the sale of a 49.99% co-control stake in Eni CCUS Holding. The agreement marks a key step in confirmatory due diligence and transaction documentation. Eni CCUS Holding manages several leading Carbon Capture, Utilization and Storage (CCUS) projects in Europe, including…

The world is facing a new form of climate denial – not the dismissal of climate science, but a concerted attack on the idea that the economy can be reorganised to fight the crisis, the president of global climate talks has warned.André Corrêa do Lago, the veteran Brazilian diplomat who will direct this year’s UN summit, Cop30, believes his biggest job will be to counter the attempt from some vested interests to prevent climate policies aimed at shifting the global economy to a low-carbon footing.“There is a new kind of opposition to climate action. We are facing a discredit of…

Eni SpA has signed an agreement to enter exclusive talks with Global Infrastructure Partners (GIP) for the New York City-based asset manager’s potential purchase of a co-controlling stake of 49.99 percent in the Italian energy major’s carbon capture, utilization and storage (CCUS) business. Eni CCUS Holding operates the Hynet and Bacton projects in the United Kingdom and L10 in the Netherlands. It is also a co-venturer in the Ravenna project in Italy, with a future right for takeover. The agreement with BlackRock’s GIP is aimed at “progressing the confirmatory due diligence phase and completing the drafting of the documents related…

Energy and electrification advisory, services, and software solutions provider Schneider Electric announced the launch of a new multi-year initiative aimed at building an AI-powered ecosystem for sustainability and energy management. The company said that it has hired sustainability solutions veteran Julien Picaud as Head of Product Management to lead the new initiative According to Schneider Electric, the new initiative is focused on Agentic AI, an emerging artificial intelligence technology designed to work independently or collaboratively with clients and consultants to anticipate needs and adapt to complex environments in real time, enabling significant advances in sustainability automation and simplification. The company…

Sustainable consumer packaged goods (CPG) in the U.S. continue to gain ground, but still fall far short of market share levels seen in the United Kingdom and Germany, according to the newly released 2024 Sustainable Market Share Index. What’s RelatedThe research, published by NYU Stern Center for Sustainable Business, found that sustainable products now account for 23.8% of the U.S. market, up from 21.2% last year. In comparison, sustainable products represent 36.8% of the market in the U.K. and 42.0% in Germany. “Sustainability isn’t just a trend; it’s a business imperative,” said Joan Driggs, Vice President of Content and Thought…

The OPEC+ group could start talks about establishing the baselines for individual members’ production quotas for 2027 as early as today, delegates from the alliance told Reuters on Wednesday.Some big OPEC producers, such as Iraq, the United Arab Emirates (UAE), and Kuwait, plan to raise their oil production capacity in the coming years. These countries have argued that they deserve higher baseline production levels as they expand capacity. The UAE, for example, has won a higher baseline for 2025 and 2026.The baselines are important in OPEC and OPEC+’s calculations of output quotas when the cartel or the wider group implements…

Woodside Energy Group Ltd. has welcomed the federal government’s proposed approval, which sets environmental protection conditions, for an extension project for the North West Shelf domestic gas and export facilities (NWS) in Western Australia. The proposed permit would extend the operating life of the Karratha gas processing plant beyond the expiry of its current authorization in 2030, Environment and Water Minister Murray Watt said in an online statement Wednesday. “Following the consideration of rigorous scientific and other advice including submissions from a wide cross-section of the community, I have today made a proposed decision to approve this development, subject to…