US waste-to-energy gasification company Sierra Energy has raised $33 million in Series A funding round to advance the commercialization of its FastOx gasification technology. The FastOx gasification technology is claimed to convert virtually any waste into clean, renewable energy and fuels without burning. One of the major advantages of the technology is its ability to […]
The European Bank for Reconstruction and Development (EBRD) has announced an investment of €149 million ($166 million) in the power transmission system of Ukraine. The investment will support National Energy Company Ukrenergo in upgrading its key transmission infrastructure that is needed for the synchronization with the European electricity networks. It will also help the country […]
Infosys has opened its new Digital Innovation Centre in Dusseldorf, Germany to work more closely with its clients in the region in supporting their digital transformation. The Infosys Digital Innovation Centre will focus on SAP HANA, cloud-based services, Internet of Things, artificial intelligence, machine learning, 5G, and other next-generation business suites. The new hub will […]
US electric automaker Lordstown Motors (LMC) has acquired the GM manufacturing complex in Lordstown, Ohio in a move to start production of the Endurance pickup truck, an all-electric pickup truck purpose-built for fleets. Production of the electric pickup truck is slated to begin in late 2020 at the complex, said the Ohio-based original equipment manufacturer […]
Quotient acquisition of Ubimo : Quotient Technology, a retail marketing technology provider, has acquired Israeli SaaS location intelligence company Ubimo for an undisclosed price, as per the latest retail technology news. Ubimo is said to use advanced artificial intelligence (AI) technologies to combine behavioral data on 150 plus million monthly active users with its geographic-indexing […]
Brentwood Associates, a California-based private equity firm, has acquired a majority stake in SSRG Holdings, the holding company of US chicken restaurant chain Chicken Salad Chick, from Eagle Merchant Partners. The terms of the acquisition were not di…
Basics, a new food market from the Wild Rose Food Company, which is claimed to help people cook more at home with fresh, regional ingredients, is set to open this month in Tualatin, Oregon. To be located at 8680 SW Old Tualatin Sherwood Road, across from Dutch Bros. Coffee, the Basics food market store will […]
FirstEnergy Solutions said that unit 3 of the Bruce Mansfield Power Plant, a 2.49GW coal power plant in Pennsylvania, will be deactivated two years earlier than the previously announced date. The US energy supplier has notified PJM Interconnection that…
Clothing retail company Gap has signed an agreement to buy power from the Enel Green Power’s 299MW Aurora wind project in North Dakota, US, as per wind industry news. Under a 12-year power purchase agreement (PPA), Gap will buy a 90MW portion of the power generated by the Aurora wind farm, which is currently under […]
Wind industry news : GE Renewable Energy has won a contract from Türkerler and RT Enerji to supply turbines for five Turkish wind farms in Turkey. Under the contract, the company will supply 49 GE’s 3MW turbines for the five Kirazli, Meryem,…