Electricity

A landslide forced me from my home – and I experienced our failure to deal with climate change at first hand

Retrieved on: 
Mittwoch, April 10, 2024

These cracks soon became a landslide affecting several homes overlooking the Gill, ultimately swallowing tonnes of land and trees and leaving chunks of our properties at the bottom of the valley.

Key Points: 
  • These cracks soon became a landslide affecting several homes overlooking the Gill, ultimately swallowing tonnes of land and trees and leaving chunks of our properties at the bottom of the valley.
  • The local council has forced my family out of our home, which is now teetering on the edge of a cliff.
  • This is worrying, as events like these will become more and more common in the years to come.
  • Although Hastings is a coastal town, our property is inland, so this could happen to anyone, anywhere.

No one wants to take responsibility

  • This response – or lack thereof – reveals a troubling incentive structure, where the fear of assuming liability results in inaction.
  • Our attempts to be rehoused or to have the landslide damage addressed were met with challenges at every turn.

Previously rare events aren’t factored in

  • The landslide reveals current climate governance frameworks are inadequate, since they simply don’t consider previously rare events like these.
  • This means landslide victims have to do it themselves, at enormous personal cost, and often without any prior technical or policy experience.

A call for systemic change

  • In an ideal world, this issue would be dealt with by local authorities or utility companies.
  • So we need policies that empower (or force) local authorities and utility companies to act without fear of legal liability.
  • As the climate changes, catastrophes like this one can happen to anyone, no matter how secure we may feel.


Ralitsa Hiteva is a member of the Green Party.

EQS-News: 3U paves the way for anticipated growth spurt

Retrieved on: 
Mittwoch, April 10, 2024

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 5.2 million in the period under review (previous year: EUR 8.5 million).

Key Points: 
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 5.2 million in the period under review (previous year: EUR 8.5 million).
  • We will also continue to focus on the topic of external growth.
  • The ITC segment raised revenue by 26.3 % overall to EUR 15.3 million in 2023 (previous year EUR 12.1 million).
  • Organic growth stood at 10.3% and is principally attributable to success in winning new customer business.

EQS-News: Encavis Asset Management AG and LyondellBasell Announce Renewable Energy Power Purchase Agreement

Retrieved on: 
Mittwoch, April 10, 2024

Houston/Munich, April 2, 2024 – LyondellBasell (NYSE: LYB) and Encavis Asset Management AG (Encavis AM) today announced they signed a power purchase agreement (PPA) to secure 208 megawatts (MW) of renewable electricity generation capacity from the solar park in Bartow, Germany.

Key Points: 
  • Houston/Munich, April 2, 2024 – LyondellBasell (NYSE: LYB) and Encavis Asset Management AG (Encavis AM) today announced they signed a power purchase agreement (PPA) to secure 208 megawatts (MW) of renewable electricity generation capacity from the solar park in Bartow, Germany.
  • Under this 12-year PPA, Encavis AM will deliver approximately 210 gigawatt-hours (GWh) of solar power to LyondellBasell annually.
  • "This vast large-scale solar project in Bartow reaffirms our expertise in sophisticated investments in the Renewable Energy sector and makes a substantial contribution to the energy transition.
  • Leveraging our industry know-how, we are committed to operating the solar park in an environmentally sustainable and economically profitable manner," says Karsten Mieth, Spokesman of the Board of Encavis Asset Management AG.

EQS-News: VERBUND AG: 2023 annual results: VERBUND posts encouraging business performance in 2023

Retrieved on: 
Mittwoch, April 10, 2024

In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.

Key Points: 
  • In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.
  • Generation from the annual storage power plants was up 9.6% year-on-year in 2023.
  • A dividend of €4.15 per share for financial year 2023 will be proposed to the Annual General Meeting on 30 April 2024.
  • The one-off special dividend will allow shareholders to participate in the Group’s extraordinarily positive business performance for financial year 2023 by means of a higher payout.

EQS-News: Pyrum Innovations AG publishes financial figures for Q4 and preliminary results for the financial year 2023

Retrieved on: 
Mittwoch, April 10, 2024

Sales increased by 17% year-on-year to EUR 1,147 thousand (2022: EUR 982 thousand).

Key Points: 
  • Sales increased by 17% year-on-year to EUR 1,147 thousand (2022: EUR 982 thousand).
  • As a result, total output decreased by 32% year-on-year to EUR 12,934 thousand (2022: EUR 19,069 thousand).
  • The Trading Update Q4 2023 of Pyrum Innovations AG is available on the company's website at https://www.pyrum.net/en/investors/financial-publications/ .
  • The publication of the final figures and the Annual Report 2023 is scheduled for 16 May 2024.

QIC shares insights in Europe on the significant opportunities in decarbonisation and decentralisation

Retrieved on: 
Mittwoch, April 10, 2024

A large contingent from QIC's London, New York and Australian offices were in attendance for what is the largest infrastructure investment gathering annually.

Key Points: 
  • A large contingent from QIC's London, New York and Australian offices were in attendance for what is the largest infrastructure investment gathering annually.
  • She described the need to bolster asset resilience to climate risk as not just prudent but 'pivotal' for sustainable progress, and emphasised Australia's compelling energy transition landscape.
  • On the panel, Ms Whitehead also mentioned that significant opportunities lie in the intersection between decarbonisation and other key thematics such as decentralisation and digitisation.
  • QIC deploys a thematic infrastructure investment strategy, focusing on the key themes of decarbonisation, deglobalisation, decentralisation and an ageing population.

ENOGIA: 2023 annual results

Retrieved on: 
Mittwoch, April 10, 2024

The ORC Modules business generated revenue of €4.4 million in 2023, an increase of 42%.

Key Points: 
  • The ORC Modules business generated revenue of €4.4 million in 2023, an increase of 42%.
  • Among other significant ORC contract wins, the execution of the Company’s first order in the maritime sector, with Chantiers de l’Atlantique, began in the fourth quarter of 2023.
  • In addition, EBITDA for the second half of 2023 was at breakeven (positive €0.02 million), in line with the target announced in conjunction with the half-year results.
  • Net debt was €2.6 million at the close of the year, putting gearing at 32.6% as of 31 December 2023.

EQS-News: ENCAVIS AG again surpasses its guidance with its Consolidated Financial Statements 2023 – Operating Cash Flow 2023 influenced by non-recurring effects

Retrieved on: 
Mittwoch, April 10, 2024

All financial key figures for 2023, except for operating cash flow, exceed the guidance, even if – with the exception of EPS – they are below the extraordinary high figures for the exceptional year 2022.

Key Points: 
  • All financial key figures for 2023, except for operating cash flow, exceed the guidance, even if – with the exception of EPS – they are below the extraordinary high figures for the exceptional year 2022.
  • A further EUR 12.4 million from the sale of individual assets was not recorded in the operating cash flow but in the cash flow from investing activities.
  • The Group expects operating cash flow of EUR 260 million (2023: EUR 234.9 million).
  • The operating cash flow per share is therefore expected to amount to EUR 1.62 (2023: EUR 1.46).

EQS-News: Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025

Retrieved on: 
Mittwoch, April 10, 2024

Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025

Key Points: 
  • Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025
    The issuer is solely responsible for the content of this announcement.
  • Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025
    As a result of additional auctions for 2025, the Company concluded contracts for 316 MW (out of which 315 MW is DSR capacity) in addition to the previously contracted 10 MW for the same year, ensuring PLN 56.1 million (EUR 13 million) in revenues for 2025.
  • With the previously contracted capacity of 10 MW for 2025, the Company’s total capacity obligation of 316.088 MW will ensure PLN 56.1 million (EUR 13 million) in Capacity Market revenues for 2025.
  • Photon Energy participated and secured 316 MW in capacity, with 315 MW designated for DSR (Demand Side Response) units.

EQS-News: ID Finance Achieves Carbon Footprint Verification for 2022 and Sets Sights on 2023 Verification

Retrieved on: 
Mittwoch, April 10, 2024

19th of March 2024 – ID Finance, a leading Fintech company in Spain and Mexico, has successfully obtained from certified by Bureau Veritas the carbon footprint verification for the year 2022.

Key Points: 
  • 19th of March 2024 – ID Finance, a leading Fintech company in Spain and Mexico, has successfully obtained from certified by Bureau Veritas the carbon footprint verification for the year 2022.
  • In 2022, ID Finance conducted a comprehensive greenhouse gas (GHG) inventory, meticulously adhering to the ISO 14064-1:2019 standards.
  • Looking ahead, ID Finance is in the process of verifying its carbon footprint for 2023.
  • Furthermore, ID Finance was honored by UK magazine Capital Finance International as the 2023 global award winner for Best ESG Inclusive Finance Solutions, affirming its leadership in responsible and sustainable business practices.