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Can a New Power Link Boost the EU’s Energy Independence?

Cars That Think

There, d elegations from Azerbaijan, Georgia, Hungary, and Romania finalized an ambitious plan: to generate up to 6 gigawatts of clean energy in the Caucasus region, run the electricity through a cable along the bottom of the Black Sea, and deliver it to Europe. billion ($2.5 billion) for the cable.

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

Green Car Congress

This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.

Norway 468
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Ford to introduce 7 new electric cars and vans in Europe by 2024; plans for new battery plant

Green Car Congress

The acceleration in Europe supports Ford’s goal to sell more than 2 million EVs globally by 2026 and deliver company adjusted EBIT margin of 10%. In addition, Ford’s top-selling passenger vehicle in Europe, the Ford Puma, will be available as an electric version made in Craiova, Romania, starting in 2024.

Europe 427
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Petrobras awards Technip/DOF Subsea JV ~$3.5bn in contracts for four new pipelay support vessels; ultra-deep water capabilities

Green Car Congress

Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, will be in charge of the design and construction of the four PLSVs. The hulls of these vessels will be built at Vard Tulcea in Romania and outfitted at Vard Søviknes in Norway. billion (US$1.8 billion (NOK 6.5 billion (NOK 6.5

Water 340
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3-year, $75.7M eRamp power electronics research project launches at Infineon

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Infineon, a global market leader in power semiconductors, is leading the €55-million (US$75.7-million) The Project eRamp is co-funded by grants from ENIAC Joint Undertaking and from Austria, Germany, the Netherlands, Romania, Slovakia und the UK. Twenty-six research partners from six countries are participating. million) project.

Austria 265
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The voestalpine Group producing ultra-high strength automotive components in US

Green Car Congress

Since 2012, voestalpine has invested more than €100 million (US$140 million) in new plants in China, Germany, Romania, South Africa, and the US. With our new materials, we have managed to produce components that have absolutely unique selling points on a global level. Additional plants and expanded capacity are in the planning stage.

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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. Polyolefins are the largest market segment in the production of plastic goods and remain essential for various industries such as energy, automotive, packaging, construction, and healthcare. Refining & Marketing.

Oil 465