Author: omc_admin

Uranium mining giant Cameco and small modular reactor developer NuScale are poised to benefit the most from President Donald Trump ‘s recent executive orders on nuclear power, according to Goldman Sachs. Cameco and NuScale have rallied on Trump’s orders. Cameco popped 11% on Friday and gained another 2.7% on Tuesday. NuScale surged 15% on Tuesday, adding to its 19.4% surge on Friday. Trump’s actions aim to boost domestic uranium mining and enrichment, deploy advanced reactors at Defense and Energy Department facilities, and force the Nuclear Regulatory Commission to approve new reactor licenses within 18 months. Cameco will benefit from increased…

France-based energy giant TotalEnergies announced that it has inaugurated its largest solar power plant cluster in Europe, consisting of five projects near Seville, Spain, with a total installed capacity of 263 MW. According to TotalEnergies, the new solar projects will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households. The company added that the projects will avoid 245,000 tons of CO2 emissions annually. The projects form part TotalEnergies’ efforts to boost clean energy capacity, and ultimately achieve its goal of reaching net zero by 2050, with the company targeting an expansion of its…

Strategic Capital Injection: Series B extended to €37M with fresh investments from BNP Paribas Solar Impulse Venture Fund and Rabo Ventures. Commercial Momentum: OroraTech has secured nearly €100M in contracts and capital within the past year, signaling strong market validation. Cutting-Edge Capability: OroraTech’s 10-satellite thermal data network enables real-time wildfire detection and predictive modeling globally. OroraTech, a global leader in wildfire intelligence and risk assessment, has extended its Series B funding round to €37 million, securing investment from two major European financial players—BNP Paribas Solar Impulse Venture Fund and Rabo Ventures. This extension brings additional firepower to OroraTech’s mission: using…

Major Emissions Reduction: Microsoft’s long-term deal with Sublime Systems will help cut emissions from its global construction operations, including datacenters and office buildings. Market Signal for Clean Cement: The agreement enables Sublime to accelerate scale-up, positioning its “true-zero” cement as a competitive, bankable solution. New Model for Clean Materials: Microsoft pioneers an EAC-based model to decouple environmental benefits from physical cement, overcoming geographic and supply chain barriers. Microsoft has entered into a landmark agreement to purchase up to 622,500 metric tons of low-carbon cement from Sublime Systems over the next six to nine years, marking a pivotal step toward decarbonizing…

Crude prices appear to be consolidating around the $65 per barrel level as markets await the upcoming OPEC+ meeting, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), said in an oil report sent to Rigzone by the SEB team on Tuesday. “We expect the group to finalize its July output plans, driven by the eight key producers known as the ‘Voluntary Eight’, on May 31st, one day ahead of the original schedule,” Hvalbye stated in the report. “We assign a high probability to another sizeable output increase of 411,000 barrels per day. However, this potential hike…

If you’ve ever felt confused by the terms 3PL, 4PL, and 5PL, you’re not alone. These labels get tossed around a lot, but many people, even those working in supply chain, don’t fully understand what separates one from the other. Here’s a simple breakdown of what each one means and how they’re used in the real world. What Is a 3PL? What’s RelatedA Third-Party Logistics provider (3PL) is a company that helps other businesses move, store, and deliver their products. Real-life example: FitFlop, a global footwear brand, partners with a third-party logistics provider to expand its presence in the U.S.…

The European Ombudsman has launched a formal inquiry into the European Commission’s decision to ease sustainability laws without public consultation. Civil society groups allege the Commission consulted only industry lobbyists in private, raising transparency and governance concerns. The investigation could delay or reshape the EU’s proposed regulatory relief for thousands of businesses. The European Union’s Ombudswoman has opened an inquiry into the European Commission’s recent proposal to relax corporate sustainability rules—following accusations that the process lacked transparency and excluded public consultation. In February, the Commission unveiled its “simplification omnibus” plan to scale back sustainability obligations for companies. The proposal would…

Italy’s industry needs an urgent plan from the government to help reduce the high energy costs, which are higher than in other European countries, the president of the Italian business lobby, Confindustria, said on Tuesday.“Our companies continue to incur energy costs that are more than 35% higher than the European average, and even 80% compared to some major industrialized European nations,” Emanuele Orsini said at Confindustria’s annual meeting.High energy costs are weighing on Italy’s competitiveness, Orsini added.Major economies in Western Europe – Germany, France, the Netherlands, Spain, and Italy, have seen a surge in energy costs over the past three…

President Donald Trump has signed executive orders to grow nuclear power generation and advance nuclear innovation in the United States. “After decades of stagnation and shuttered reactors, President Trump is providing a path forward for nuclear innovation”, the Department of Energy (DOE) said in an online statement. “Today’s executive orders allow for reactor design testing at the Department of Energy’s National Labs, clear the way for construction on federal lands to protect national and economic security, and remove regulatory barriers by requiring the Nuclear Regulatory Commission to issue timely licensing decisions”. Michael Kratsios, director of the White House Office of…

Starbucks announced the launch of a new version of its flagship takeaway white cup in Europe, replacing the cup’s plastic lining and plastic lids with new materials, allowing the cup to be home compostable and recyclable. The rollout of the cup begins this month in 10 European countries, and is set to come to the UK and Ireland later this year, Starbucks said. The new cup solves the challenges related to the sustainable disposal of current cups, which feature a plastic lining that needs to be separated from the rest of the cup before it can be recycled or composted.…