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Tag: Energy

First-ever inflatable wing sail technology is being mounted on a merchant ship
Technology

First-ever inflatable wing sail technology is being mounted on a merchant ship

"This new step is a great multicultural experience and moments of diverse competencies sharings to contribute to an important cause toward maritime transport decarbonization."The project WISAMO (Wing Sail and Mobility) is being installed on the merchant ship, which was built in 1999, and is currently docked in Spain's El Astillero Port.The company claims that the prototype can be mounted on both commercial and recreational vessels. It is believed that by using wind energy, the technology may reduce fuel use by up to 20 percent per ship.Industrial phase of the technologyThe inflated, foldable and automated wing uses wind propulsion as an hybrid solution to reduce fuel consumption.The wing sail system can be added during the design phase of the ship, as original equipment, or retrofitted ...
Big businesses trumpet ESG credentials. Scrutiny is on the rise
Business

Big businesses trumpet ESG credentials. Scrutiny is on the rise

As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people's minds.The corporate world is no exception, with banks, energy producers and a host of other major businesses keen to trumpet their sustainability credentials through advertisements, pledges, social media campaigns and a range of other initiatives.    Many of these claims are now viewed through the prism of ESG, or environmental, social and governance.It's become a hot topic in recent years, with a wide range of organizations attempting to boost their sustainability credentials — and public image — by developing business practices which they claim chime with ESG-linked criteria.But here's the rub: Definitions of ESG often vary and are...
Wilson Sonsini Adds Seth Flaum in New York to Expand Technology Transactions Department
Technology

Wilson Sonsini Adds Seth Flaum in New York to Expand Technology Transactions Department

Addition Reflects the Continued Growth of the New York Office and High Demand for Transactional Experience Among Life Sciences Clients Contact:Wayne KesslerBaretz+Brunelle732.239.9710 Mobilewkessler@baretzbrunelle.com PALO ALTO, CA (August 25, 2022) – Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that Seth Flaum has joined the firm’s technology transactions department as a partner in the New York office, where he will focus on representing life sciences clients. He brings more than 25 years of broad transactional experience, representing companies in complex strategic transactions and various corpora...
EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say
Business

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia HarrisRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE, Aug 12 (Reuters) - Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to set begin the process next year for a potential $1 billion listing of its power generation business, sources close to the matter told Reuters.In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about $4 billion, the sources said, declining to be named owing to the confidential nature of the matter.Proceeds from the offering will be used to grow TNB Genco's renewable energy portfolio, they added.Register now for FREE unlimi...
SaskPower small nuclear reactor site decision pushed back for more consultation
Global News

SaskPower small nuclear reactor site decision pushed back for more consultation

By Brody Langager Global News Posted July 27, 2022 7:27 pm Smaller font Descrease article font size -A Larger font Increase article font size A+ Saskatchewan is in the very early stages of setting up small modular reactors (SMRs) as an energy source, with construction not slated until 2030. Even so, Scott McGregor, media relations consultant for SaskPower, said they’ve made a slight tweak in their timeline to allow for more discussion. Read more: SaskEnergy and SaskPower looking to raise rates “Ultimately the project time...