Dogger Bank Wind Farm

Equinor third quarter 2023

Retrieved on: 
Friday, October 27, 2023

Power production from renewable energy sources was 373 GWh in the quarter, up from 294 GWh in the same quarter last year.

Key Points: 
  • Power production from renewable energy sources was 373 GWh in the quarter, up from 294 GWh in the same quarter last year.
  • Equinor maintains a strong financial position with adjusted net debt to capital employed ratio* at negative 22.9% by the end of the third quarter, from negative 35.1% at the end of the second quarter of 2023.
  • The Equinor shares will trade ex-dividend on Oslo Børs and New York Stock Exchange from and including 14 February 2023.
  • The third tranche of the share buy-back programme for 2023 was completed on 20 October 2023 with a total value of up to USD 1.67 billion.

Offshore Wind Industry Poised for Growth, but Economic Pressures and Tech Innovation Need to Be Managed

Retrieved on: 
Thursday, September 21, 2023

Emerging risks need to be explored, too, as developers prepare for widescale deployment of offshore wind around the globe.

Key Points: 
  • Emerging risks need to be explored, too, as developers prepare for widescale deployment of offshore wind around the globe.
  • In 2022, 8.8GW of new offshore wind capacity was added to the grid with global installed capacity reaching 64.3GW.
  • While most offshore wind power is currently ‘fixed-bottom’, the development of leading-edge floating wind technologies in deeper ocean waters is poised for commercialization.
  • We are closely monitoring the many innovations in the offshore wind industry which include prototypical technologies, pilot projects, and evolving standardization.

Equinor second quarter 2023

Retrieved on: 
Wednesday, July 26, 2023

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.
  • Power production from renewable energy sources was 345 GWh in the quarter, up from 325 GWh for the same quarter last year.
  • Equinor maintains a strong financial position with adjusted net debt to capital employed ratio* at negative 35.1% by the end of the second quarter, from negative 52.3% at the end of the first quarter of 2023.
  • The second tranche of the share buy-back programme for 2023 was completed on 12 July 2023 with a total value of around USD 1.67 billion.

UK Construction Equipment Market 2023 to 2029: UK Government's Ambition to Build 300,000 Houses Per Year Drives Growth

Retrieved on: 
Sunday, January 22, 2023

In 2020, the UK government announced an investment of USD 105.87 billion to boost growth and support the labor market.

Key Points: 
  • In 2020, the UK government announced an investment of USD 105.87 billion to boost growth and support the labor market.
  • This scheme is expected to boost the government's ambition to build 300,000 homes annually and boost the UK construction equipment market growth.
  • Hitachi Construction Machinery, Komatsu & Hyundai Construction Equipment are emerging strong in the UK construction equipment market.
  • Kobelco and Mecalac companies have an established presence in the UK construction equipment market over a significant period.

Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition

Retrieved on: 
Wednesday, November 9, 2022

The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.

Key Points: 
  • The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.
  • This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition.
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.
  • Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future.

Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition

Retrieved on: 
Tuesday, November 8, 2022

The agreement underlines both companies commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.

Key Points: 
  • The agreement underlines both companies commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system.
  • This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition.
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.
  • Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future.

Global HVDC Capacitor Markets Report 2022: A $15.3 Billion Market by 2030 - Rising Adoption of HVDC Capacitors by Industrial Consumers in Asia-Pacific & Escalating Demand for Electric Vehicles

Retrieved on: 
Monday, October 3, 2022

HVDC plastic film capacitors are expected to capture the largest market share during the forecast period.

Key Points: 
  • HVDC plastic film capacitors are expected to capture the largest market share during the forecast period.
  • In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market.
  • In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market, and a similar trend is likely to be observed during the forecast period.
  • In 2022, the energy and power segment captured the largest share of the HVDC capacitor market.

HVDC Capacitor (Plastic Film, Aluminum Electrolytic ) Markets - Global Forecast to 2030 - ResearchAndMarkets.com

Retrieved on: 
Friday, September 23, 2022

The "HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminum Electrolytic Capacitors), Technology (LCC, VSC), Installation Type, Application (Energy and Power, Industrial, Commercial) and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminum Electrolytic Capacitors), Technology (LCC, VSC), Installation Type, Application (Energy and Power, Industrial, Commercial) and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
  • HVDC plastic film capacitors are expected to capture the largest market share during the forecast period.
  • In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market.
  • In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market, and a similar trend is likely to be observed during the forecast period.

Unique wind farm collaboration: Elcowire takes the lead in the decarbonisation of copper

Retrieved on: 
Tuesday, September 20, 2022

To us, it is a breakthrough for the sustainable Low-carbon Copper material.

Key Points: 
  • To us, it is a breakthrough for the sustainable Low-carbon Copper material.
  • The copper decarbonisation starts already in the metal company Boliden mine to continue through Elcowire's copper wire production and further on to NKT's high voltage power cable manufacturing.
  • Elcowire is supplied with the incoming material by electrified railway, and in very efficient processes then produces the Low-carbon Copper wires.
  • It is a very important step toward the net zero vision for carbon emissions in the European society.

Energy Companies Set their Sights on Floating Offshore Wind Farms

Retrieved on: 
Monday, November 9, 2020

Fixed foundation offshore wind farms are economically limited to shallower water depths of 40m to 50m which leaves significant potential deep water wind resources untapped.

Key Points: 
  • Fixed foundation offshore wind farms are economically limited to shallower water depths of 40m to 50m which leaves significant potential deep water wind resources untapped.
  • In contrast, floating offshore wind farms can be held by mooring lines attached to anchors in waters deeper than 50m.
  • Recently Diamond Offshore Wind and RWE Renewables announced they have joined in a $100 million partnership to build a full size floating turbine on the site of the University of Maine's floating offshore wind demonstration project which first began to feed power into the US electric grid in 2013.
  • Equinor ASA also recently began construction on the world's largest floating offshore wind farm and aims to see floating offshore wind become competitive with other forms of energy by 2030.