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ABB signs 500 million euros EIB financing to further drive smart and sustainable electrification technologies
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a 500 million euros financing agreement to support ABB’s research and development in its Electrification business area. Global demand for electricity is growing 10…
Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows
A major new report published today finds that governments plan to produce around 110 percent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69 percent more than would be consistent with 2°C. This comes…
Trade of electric & hybrid cars continues to rise in 2022
Between 2017 and 2022, the trade of electric and hybrid cars in the EU registered a staggering increase. In 2022, 42 percent of the total number of cars imported were electric or hybrid, indicating an increase of 35 percentage points…
ABB applies electrical expertise at major green hydrogen site in Denmark
ABB has been contracted by Danish company H2 Energy Esbjerg ApS to provide basic electrical engineering for the power distribution from grid point of connection to electrolyzers, and for other process equipment at its 1 GW hydrogen production facility in…
EU aquaculture in 2021: 1.1 million tonnes farmed
In 2021, an estimated 1.1 million tonnes of aquatic organisms were farmed in the EU, valued at 4.2 billion euros. Aquaculture, also known as aquafarming, involves the controlled cultivation of fish, molluscs, and crustaceans. Four EU countries collectively accounted for…
EU imports of energy products continued to drop in Q2 2023
Following a strong increase in energy imports in the EU between 2021 and 2022, the scenario is different in 2023, with imports dropping for the second quarter in a row when compared with the same period in the previous year.…
Extreme weather is the “new norm”
From mountain tops to ocean depths, the summer of extremes continues. Heatwaves are baking large parts of the northern hemisphere, fuelling unprecedented wildfires and disrupting marine ecosystems. Floods have transformed desert landscapes. The high-impact weather in August follows the hottest…