Author: omc_admin
Commercial-scale production of e-methanol begins: Kassø facility delivers 42,000 tonnes annually using 100% renewable energy. Industry giants adopt green fuel: Maersk, LEGO, and Novo Nordisk onboard as major offtakers to cut carbon emissions in hard-to-abate sectors. Model for global decarbonization: Strategic international collaboration showcases scalable Power-to-X technology and circular energy integration. The world’s first large-scale commercial e-methanol plant has officially opened in Kassø, Denmark, positioning itself as a cornerstone in the global transition to low-emission fuels. The €150 million Kassø e-methanol facility, a joint venture between European Energy (51%) and Mitsui & Co. (49%), is now operational and delivering 42,000…
Intel Corp. has certified Shell Plc’s lubricant-based method for cooling servers more efficiently within data centers used for artificial intelligence. The announcement on Tuesday, which follows the chipmaker’s two-year trial of the technology, offers a way to use less energy at artificial intelligence facilities, which are booming and are expected to double their electricity demand globally by 2030, consuming as much power then as all of Japan today, according to the International Energy Agency. So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power. Increasingly,…
NRG Energy Inc. and LS Power Equity Advisors LLC have penned a deal under which NRG will acquire gas-fired power units with a combined capacity of about 13 gigawatts (GW) and a C&P VPP (commercial and industrial virtual power plant) platform from LS Power. The transaction has an enterprise value of $12 billion. This consists of $6.4 billion in cash, a $2.8 billion stock issuance to LS Power and $3.2 billion of assumed debt. “The acquisition will double NRG’s generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated”, said a joint statement Monday. “These…
Oil prices rallied aggressively on the news of a U.S.-China trade deal, with fears of a total economic collapse fading. Despite that development, abundant supply means the upside for prices remains limited.- A string of deals targeting large-cap electricity generation companies across the US has put this year’s to date power sector M&A tally to $51 billion, on track for a new all-time high.- Up until now, the highest number of US generation mergers and acquisitions took place immediately after COVID-19 hit, when a total of $55.7 billion was spent on corporate takeovers.- AI’s increasing need for power generation is…
AI Accelerator targets startups transforming Europe’s energy system with AI-driven solutions for grid modernization, load optimization, and industrial decarbonization. Selected startups gain access to Google’s AI tools, cloud infrastructure, and expert mentorship through a 12-week equity-free program. Applications close June 30, 2025; the program kicks off in September with virtual and in-person components across Europe and Israel. Google is scaling its commitment to clean energy transformation with the launch of its AI for Energy Accelerator in Europe and Israel, aimed at supporting startups using artificial intelligence to drive energy security, industrial competitiveness, and decarbonization. “We believe that AI presents a…
The agreement by US and Chinese officials to pause triple-digit tariffs on each other is likely to put pressure on other countries which have become secondary hubs for Chinese exports. Analysts say countries in Southeast Asia like Vietnam, Thailand and Malaysia, along with Mexico, who are part of the China-plus-one supply chain, will need to make better deals with Washington. In the new world order dictated by President Donald Trump’s shifting announcements of tariffs, countries measure their success not by the terms of their trade deals with the US but by how they compare to other countries. ALSO…
€100M investment over 5 years to fast-track sustainable tech across beauty industry operations. Focus on ready-to-pilot solutions in areas like low-carbon processes, plastic alternatives, and water resilience. Strategic partnership with Cambridge Institute for Sustainability Leadership (CISL) to drive scalable innovation. L’Oréal has launched a €100 million Sustainable Innovation Accelerator to fast-track the development and deployment of transformative sustainability technologies across its value chain and the broader beauty industry. The 5-year program will invest in startups, SMEs, and innovation-driven companies with solutions ready for pilot implementation in key sustainability domains. These include low-carbon technologies, fossil-free packaging alternatives, water reuse systems, biobased…
The recent U.S.-China agreement to pause tariff hikes and temporarily roll back some duties is being met with cautious optimism across the global supply chain. Reactions have come from shipping firms, industry groups, and financial analysts, all pointing to the same thing: relief in the short term, but questions about what happens after the 90-day window. What’s Related“This is a step in the right direction,” Maersk said in a statement, adding that it hopes the agreement leads to “a more stable and predictable environment for customers.” Shipping Carriers Welcome the Reprieve CMA CGM also praised the agreement. “This truce shows…
Sustainable infrastructure investor Actis announced that it has raised $1.7 billion of commitments at the completion of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), targeting investments in assets in areas including clean energy, grids and digital infrastructure. Actis, which was acquired by growth equity investor General Atlantic in 2024, invests in infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. The firm’s long life infrastructure strategy invests in brownfield infrastructure assets, focusing on operational enhancements that improve existing facilities, preventing the need for deploying large amounts of capital…
New target focuses on 20–25% GHG emissions reduction by 2030 from 2019 levels. Sustainable aviation fuel (SAF) remains critical—goal set at 10% SAF usage by 2030 vs. 0.4% in 2023. Original 2030 SBTi-approved goal dropped due to stalled tech, SAF supply, and policy gaps. Air New Zealand has released revised 2030 climate targets, aiming to cut net greenhouse gas emissions by 20% to 25% from 2019 levels—marking a shift from its earlier Science Based Targets initiative (SBTi)-approved goal, which it deemed unattainable. The new guidance centers on “well-to-wake” emissions, which comprise 92% of the airline’s total GHG footprint. These emissions…