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Category: Renewable Energy

  • MIL-OSI United Kingdom: Extra energy bill support for the country

    Source: United Kingdom – Executive Government & Departments

    Press release

    Extra energy bill support for the country

    The government is bringing forward strengthened support for millions of households to help pay their energy bills next winter.

    • Nearly 3 million more families would be eligible to receive the £150 Warm Home Discount next winter under new proposals to help people with their energy bills
    • 1 in 5 families in Britain would get help with their bills through these proposals, giving households a helping hand to deal with an unpredictable international energy market
    • comes alongside plans to accelerate a debt relief scheme which will help tackle debt and reduce households’ energy costs

    Almost 3 million more households, including almost 1 million households with children, would get support to pay their energy bills next winter, as the government consults on proposals to offer more support to consumers across the country.  

    Due to global gas price spikes this winter and the continued impacts of Russia’s invasion of Ukraine, the energy regulator Ofgem has announced today (Tuesday 25 February) an increase in the energy price cap for April to June 2025. This price is set independently of the government, reflecting changes in wholesale prices and global markets. 

    In response, the government is acting to protect billpayers by consulting on the expansion of the Warm Home Discount, giving eligible households £150 off their energy bills. This would bring around 2.7 million households into the scheme – pushing the total number of households that would receive the discount next winter up to an estimated 6.1 million.

    Energy Secretary Ed Miliband said:

    This is worrying news for many families.

    This government is determined to do everything we can to protect people from the grip of fossil fuel markets. Expanding the Warm Home Discount can help protect millions of families from rising energy bills, offering support to consumers across the country.

    Alongside this, the way to deliver energy security and bring down bills for good is to deliver our mission to make Britain a clean energy superpower- with homegrown clean power that we in Britain control.

    The government will also work closely with Ofgem to accelerate proposals on a potential debt relief scheme, first consulted on last year, to target unsustainable debt built up during the energy crisis.  

    The proposed debt support scheme, alongside the Warm Home Discount, is an important first step to cut the costs of servicing bad debt, which is currently contributing to higher bills for all billpayers. Under these plans, the target would be to reduce the debt allowance to pre-crisis levels, with Ofgem estimating that these plans could lower these costs by £25 to £30 per year. 

    This additional support for households complements the government’s mission to make Britain a clean energy superpower, delivering energy security and bringing down bills for good. The expected rise in the price cap shows once again the cost of remaining reliant on the unstable global fossil fuel markets that are driving price increases. Three years on from Russia’s invasion of Ukraine, wholesale gas prices have now risen by 15% compared to the previous price cap period, which is directly affecting the cost of generating power and heating of homes. Moving to a power system based on homegrown, clean energy will reduce the UK’s reliance on volatile markets and protect billpayers. 

    To achieve this, government has set out the most ambitious reforms of the UK’s energy system in a generation. Within its first 8 months in office, the government has lifted the onshore wind ban, established Great British Energy, approved nearly 3 GW of solar, delivered a record-breaking renewables auction and kickstarted the carbon capture and hydrogen industries in the UK. Reforms to nuclear planning rules have also been introduced to clear a path for smaller, and easier to build nuclear reactors – helping to deliver energy security, grow the economy and deliver clean, cheap energy.

    Ofgem CEO Jonathan Brearley said:

    Energy debts that began during the energy crisis have reached record levels and without intervention will continue to grow. This puts families under huge stress and increases costs for all customers.

    We’re developing plans that could give households with unmanageable debt the clean slate they need to move forward. We welcome the government’s support for these plans, and their plans to expand the Warm Home Discount, which will also offer financial help to nearly 3 million more households that need it most.

    While the government presses on with the clean power mission, swift action has already been taken to shield energy consumers from high prices. These measures include:

    • extended the Household Support Fund to provide help through local councils to struggling households with essential costs, including energy bills
    • worked with energy suppliers to negotiate a £500 million winter support package for consumers
    • rolled out the next steps of the Warm Homes Plan, which will upgrade 300,000 homes this financial year
    • consulting on boosting living standards in the private rented sector by requiring all private landlords in England and Wales to meet Energy Performance Certificate (EPC) C or equivalent in their properties by 2030, which will help a million renters out of fuel poverty
    • announced a comprehensive review of the energy regulator Ofgem, empowering it to facilitate growth and innovation and become a stronger champion for consumers
    • driving forward with pro-consumer reforms: 

      • challenging unlawful back billing; taking action on inaccurate bills
      • driving the smart meter rollout
      • giving every family the option of a zero standing charge tariff, so they have more choice in how they pay for their energy
      • ensuring compensation for wrongful installation of prepayment meters

    In addition, government has also moved quickly to protect working people from wider cost of living pressures, including:

    • helping to keep prices down at the pumps by freezing fuel duty for an additional 12 months, saving motorists £3 billion in 2025 to 2026
    • targeting support with the largest increase to the Carer’s Allowance earnings limit since it was introduced in 1976 – worth £41 a week
    • capping the amount that can be deducted cut from Universal Credit payments when repaying short-term loans and debts, saving 1.2 million of the poorest families in the UK £420 a year on average
    • through the government’s commitment to the Triple Lock, millions will see their State Pension rise by up to £1,900 over this parliament

    Taken together, these reforms will help to improve the lives of working people and put more money in their pockets, secure home-grown energy and kickstart economic growth, as part of the Prime Minister’s Plan for Change. Through this ambitious programme, the government will deliver a decade of national renewal and fix the foundations of the country.

    Notes to editors

    The consultation sets out proposals to expand the reach of the Warm Home Discount Scheme by removing the high-cost-to-heat threshold in the current Warm Home Discount (England and Wales) Regulations 2022 (for winter 2025 to 2026) and increasing the level of spend available in Scotland for suppliers to allocate through the Broader Group. All households in receipt of means-tested benefits would then be eligible to receive the £150 electricity bill rebate. 

    If you live in England and Wales, you currently qualify for the Warm Home Discount if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit and have high energy costs.

    If you live in Scotland, you currently qualify if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit in Scotland and / or meet your energy supplier’s criteria for the scheme.

    Further information on the Warm Home Discount scheme can be found here: Warm Home Discount Scheme: Overview 

    Ofgem’s confirmation that they would progress work on the proposed debt relief scheme can be found here: Debt Strategy.

    Ofgem’s consultation on establishing a debt relief scheme closed on Thursday 6 February. The consultation document can be found here: Resetting the energy debt landscape: the case for a debt relief scheme.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Answer to a written question – NRRP funds for Poland – E-000001/2025(ASW)

    Source: European Parliament

    The Commission has received on 27 December 2024 Poland’s third payment request under the Recovery and Resilience Facility (RRF).

    This payment request brings together a total of 41 milestones and targets from the fourth and fifth instalments (both loan and grant parts) identified in the Council Implementing Decision Annex[1].

    The payment request covers reforms aimed at matching skills with labour market needs, advancing hydrogen technology development, and improving public employment services. In the field of public health, reforms include the entry into force of the Act on the National Cardiological Network, and the introduction of low-emission zones for the largest and most polluted cities.

    The request also covers investments aiming to shorten the supply chain of agricultural and food products, investments in the replacement of heat sources and the improvement of energy efficiency in single family residential buildings, as well as projects improving road safety. 

    The Commission has generally up to two months to share its preliminary assessment of the satisfactory fulfilment of milestones and targets with the Economic and Financial Committee (EFC), asking for its opinion. This period can be extended upon request of the Member State, in particular in case where the Member State decides to revise its plan.

    In case of a positive preliminary assessment, and following the EFC’s opinion, the Commission will adopt the final decision on the disbursement of the financial contribution, in accordance with the Comitology examination procedure. Following the adoption of the decision by the Commission, the disbursement to Poland can take place. 

    • [1] See p. 212 — 251 of the Council Implementing Decision Annex, available through the following link: https://commission.europa.eu/document/download/3a4cd838-426b-449d-98fb-49d33ba854db_en?filename=COM_2024_284_1_EN_annexe_proposition_cp_part1_v4.pdf
    Last updated: 24 February 2025

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: “Indian Railways is marching towards achieving the objective of Net Zero” -Shri Ashwini Vaishnaw

    Source: Government of India

    “Indian Railways is marching towards achieving the objective of Net Zero” -Shri Ashwini Vaishnaw

    Power purchasing agreement of 170 MW signed between Indian Railways and Madhya Pradesh Government, marking the procurement of cheapest renewable energy in India

    Railways Minister Urges states to share solar & wind energy to Indian Railways

    Till date, Indian Railway has tied up 4,260 MW (installed) of Solar and 3,427 MW (installed) of wind energy for its energy requirements

    Commitment to achieve 100% electrification in Railways and maximize renewable energy usage

    Posted On: 24 FEB 2025 7:40PM by PIB Delhi

    Addressing investors and entrepreneurs at the Global Investors Summit 2025 in Bhopal, Union Minister for Railways, Information & Broadcasting, and Electronics & IT, Shri Ashwini Vaishnaw outlined Indian Railways’ vision for electrification and the adoption of alternative energy sources.

    Shri Mohan Yadav, Chief Minister of Madhya Pradesh, and Shri Rakesh Shukla, Minister of New and Renewable Energy, Government of Madhya Pradesh were also present in the event.

    Participating via video conferencing from Rail Bhawan, the Union Railway Minister emphasized the Indian government’s goal to achieve ‘Net Zero’ carbon emissions for Indian Railways, with 100% electrification slated for completion in the 2025-26 financial year. The next objective is to maximize renewable energy procurement.

    With this vision, Indian Railways has already tied up 1,500 MW of renewable energy. Further strengthening this commitment, a significant 170 MW Power Purchase Agreement (PPA) was signed today with the Madhya Pradesh government. This milestone marks the procurement of India’s cheapest solar power at Rs 2.15/kWh and the Minister reaffirmed enthusiasm for exploring wind and nuclear energy procurement. The Government of Madhya Pradesh, through Rewa Ultra Mega Solar Power Limited (RUMSL), is supplying solar power to Indian Railways from its largest solar park.

    Shri Ashwini Vaishnaw commended Madhya Pradesh Chief Minister Shri Mohan Yadav for his active role in advancing railway development in the state. He reiterated the Indian government’s strong commitment to a sustainable and green future for the country’s transportation network.

    Today’s PPA was signed between key stakeholders, including West Central Railway (WCR), represented by Dy. CEE/HQ Shri Chetan Gulwani; RUMSL, represented by Executive Engineer Shri Avneesh Shukla; and Waree Forever Energies Pvt Ltd, the solar power developer.

    The Minister also added that Indian Railways is committed to achieving net-zero emissions and shifting from road to rail transport to promote environmental sustainability, reduce oil imports, and lower overall logistics costs. As part of this vision, it is meeting its energy requirements through non-fossil sources such as solar, wind, and nuclear power. The collaboration with RUMSL is a significant step in this direction.

    In addition to setting up its own solar systems, Indian Railways is also securing solar power through PPA arrangements with developers. By 2030, Indian Railways’ traction power requirement is projected to reach 10,000 MW. So far, it has secured 4,260 MW of installed solar capacity and 3,427 MW of installed wind capacity to meet its energy needs, the Minister said.

    Call for Nationwide Collaboration in Renewable Energy

    Shri Ashwini Vaishnaw urged all Indian states to contribute renewable energy—be it solar, wind, hydro, or nuclear power—to Indian Railways, emphasizing a collaborative approach to sustainable energy. He praised the successful partnership model between the Railway Ministry and the Government of Madhya Pradesh, which facilitates direct PPA agreements between the state’s energy generators and Indian Railways.

    Historic Budget Allocation for Madhya Pradesh Rail Infrastructure

    Highlighting the record-breaking budget of ₹14,745 crore allocated to Madhya Pradesh’s railway sector for FY 2025-26, the Minister stated that this is the highest-ever budgetary allocation for the state. Infrastructure development has accelerated significantly, with railway track laying increasing from 29 km per year before 2014 to 230 km per year today—a 7.5x increase.

    Overview of RUMSL

    Parameter

    Details

    Capacity

    1500 MW

    Solar Parks Location

    Agar, Shajapur, and Neemuch districts in Northwest Madhya Pradesh

    Quantum to Railway

    195 MW equivalent (Total installed 400 MW) (Annual Solar Power Supply is 757 Million Units)

    Tariff

    Rs 2.15 /kWh for Neemuch unit (lowest in the country)

    CUF (Capacity Utilization Factor)

    44.3% under Optimum Scheduling

    Joint Venture Partners

    Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL)

    PPA Duration

    25 years

    Nodal Railway

    WCR (Power supplied via grid to Indian Railways in six states)

    Target Completion Date

    December 2025

     

    Tied up solar Installed capacity with Indian Railways:

    Project

    Installed Capacity (in MW)

    Rooftop of stations and Rly service building

    203

    Bhilai

    50

    MCF

    3.13

    Diwana

    2

    Bina

    1.7

    RUMS (Rewa)

    400

    BSUL (Bundelkhand)

    800

    IRCON (Pavagarh, Karnataka)

    500

    RERTC (SECI) (Rajasthan)

    100

    900 MW RERTC (Bikaner NTPC, Jaisalmer 450 MW, Fatehgarh 200 MW)

    1300

    600 MW RERTC (NTPC, Bikaner, TEQ Green Barmer)

    901

    Total

    4260.83

     

    About the Rewa Ultra Mega Solar Power Limited (RUMSL)

    RUMSL, designated as a Solar Power Park Developer (SPPD) by the Ministry of New and Renewable Energy (MNRE), was entrusted with developing large-scale solar parks in Madhya Pradesh under the Ultra Mega Renewable Energy Power Projects (UMREPP) scheme of the Government of India. To ensure efficiency and expertise in executing and operating such large-scale projects, RUMSL adopted the DBFOO (Design, Build, Finance, Own, and Operate) model. The initiative significantly contributed to India’s renewable energy sector, increasing the country’s solar power generation capacity by 2.50%. Notably, it achieved the lowest-ever tariff awarded for a solar public-private partnership (PPP) in India, at INR 2.97 per kWh, without any viability gap funding from the government. Recognized for its innovation and impact, the project was included in the Prime Minister’s “Book of Innovation” and was honored with the prestigious “President Award” from the World Bank.

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    Dharmendra Tewari/Shatrunjay Kumar

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SECI signs MoU with Government of MP for 200 MW Solar Project at Dhar

    Source: Government of India (2)

    Posted On: 24 FEB 2025 7:14PM by PIB Delhi

     

    Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Ministry of New & Renewable Energy, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh for setting up 200 MW Solar Project in Dhar under the CPSU Scheme and a 1000 MWh Battery Storage Project in the state. The MoU was signed at the two-day Global Investors Summit 2025 ongoing at Bhopal from 24th to 25th February 2025.

    The Global Investors Summit 2025, organised by the Government of Madhya Pradesh was inaugurated by Hon’ble Prime Minister of India in the presence of  Hon’ble Governor of Madhya Pradesh Shri Mangubhai Chhaganbhai Patel  and Hon’ble Chief Minister of Madhya Pradesh Shri Mohan Yadav.

    The MoU was signed by Shri Sivakumar V Vepakomma, Director (Power Systems) SECI and Shri. Manu Srivastava, IAS, Additional Chief Secretary (NRE) in the presence of Hon’ble Minister of New & Renewable Energy of Madhya Pradesh Shri Rakesh Shukla and Shri. R P Gupta, IAS (Retd) Chairman and Managing Director, SECI.

    The 200 MW Solar Project is part of a 500 MW Agreement which was executed in 2023 with MP Power Management Company Limited (MPPMCL) for a period of 25 years under which SECI will supply the electricity to the state. SECI has proposed a phase-wise capital expenditure of Rs 2500 Cr for expansion and development of Renewable Energy in the state of Madhya Pradesh.

    The summit was attended by various stakeholders of the Government of India and representatives of various countries and states.

    *********

    Navin Sreejith 

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mobilizing Finance is Key to Achieving 500 GW Renewable Energy by 2030: Union Minister Pralhad Joshi

    Source: Government of India

    Mobilizing Finance is Key to Achieving 500 GW Renewable Energy by 2030: Union Minister Pralhad Joshi

    Renewable Energy Financing Obligation is the need of the hour: Union Minister Joshi National Workshop on Mobilizing Finance for Renewable Energy Concludes in Mumbai

    Posted On: 24 FEB 2025 6:25PM by PIB Mumbai

    Mumbai : 24 February 2025

    Mobilising finance is key to achieving 500 GW Renewable Energy by 2030, said Union Minister for New & Renewable Energy Shri Pralhad Joshi. He was addressing the National Workshop on Mobilizing Finance for Renewable Energy organised by Union Ministry of New and Renewable Energy in Mumbai today. Union Minister Joshi also called for collective efforts from financial institutions and policymakers to ensure accessible funding to Renewable Energy (RE) sector. The Minister along with the Minister of State, (MNRE), Shri Shripad Naik also addressed a Press Conference held in conjunction with the Workshop.

    Highlights of the Workshop

    The Minister stated that the idea for the workshop emerged after a review meeting chaired by Prime Minister Narendra Modi, where discussions focused on accelerating flagship schemes like PM Surya Ghar and PM-KUSUM. Highlighting the scale of India’s energy needs, Shri Joshi said that as the country aims to become the third-largest economy, its energy demand is expected to double. He stressed that renewable energy must be scaled up to match thermal energy production, ensuring a reliable and resilient power supply.

    The Minister also spoke about India’s commitment to achieving Net Zero by 2070 and reaching 500 GW of non-fossil fuel-based capacity by 2030. He called upon financial institutions to align their lending policies with India’s renewable energy growth strategy and emphasized that carbon-intensive industries will face reduced export opportunities in the future. Shri Joshi noted that India has already made significant progress in renewable energy, with capacity increasing to 222 GW today. He pointed out that solar tariffs have drastically reduced, with a recent bid in Madhya Pradesh touching ₹2.15 per unit, compared to ₹11 per unit earlier. However, he stressed the importance of battery storage solutions to support large-scale renewable deployment.

    Speaking on the role of decentralization, the Minister highlighted that PM-KUSUM and PM Surya Ghar empower farmers to become “Urjadata” (energy providers), while also reducing transmission losses. He urged banks to simplify financing processes, particularly for rooftop solar projects, and called for the introduction of a Renewable Energy Financing Obligation to ensure dedicated funding for the sector, similar to Renewable Purchase Obligations (RPOs) for discoms.
    Shri Joshi underscored India’s leadership in green hydrogen (GH2), stating that the country has already received major export orders and is ahead of several developed nations in this field. He noted that global investors are increasingly looking at India as a preferred destination for manufacturing and clean energy investments, recognizing its young workforce and strong industrial capacity.

    The Minister also highlighted Prime Minister Modi’s directive to engage global financial institutions for renewable energy investments, citing India’s recent success in securing commitments worth ₹34.5 lakh crore during a global RE summit in Gandhinagar. He emphasized that the transition to renewable energy is not optional—it is a necessity.Concluding his address, Shri Pralhad Joshi called for a national movement in renewable energy financing, stating that PM Surya Ghar is not just a scheme but an Andolan (movement). He urged financial institutions to streamline lending processes, reduce unnecessary compliance burdens, and adopt a more supportive approach towards financing clean energy projects.

    Union Minister of State for Power and New & Renewable Energy Shri Shripad Y Naik said that achieving 500 GW of renewable energy by 2030 will require an investment of approximately ₹30 lakh crore, covering infrastructure, transmission, and storage systems. He urged the stakeholders to adopt innovative financing models, extend flexible lending terms, and prioritize green investments that will accelerate our energy transition.

    In her context setting speech, Secretary MNRE Smt. Nidhi Khare emphasized the critical role of affordable finance, green bonds, and innovative funding models in driving India’s renewable energy transition.

    The National Workshop on Mobilizing Finance for Renewable Energy featured four key sessions focused on addressing financing challenges in the renewable energy sector. The first session examined the financing landscape for utility-scale renewable energy (RE) projects, assessing challenges faced by developers, banks, and NBFCs in securing funding. Discussions covered interest rates, perceived risks, and potential solutions for financial institutions to support large-scale RE projects. The second session focused on financing new and emerging RE technologies, such as offshore wind, floating solar, and green hydrogen. Panelists, including experts from NABARD, and leading financial institutions, discussed capital allocation strategies, policy interventions, and mechanisms to reduce financial risks for private sector investments in these technologies.

    The third session addressed financing challenges for Distributed Renewable Energy (DRE) and innovative RE applications, including rooftop solar, canal-top PV, and Agri-PV. Experts explored financing constraints for startups, perceived investment risks, and policy support required to scale up these solutions. The final session focused on regulatory and capacity-building measures for banks and NBFCs, discussing RBI guidelines, sector-specific lending policies, and strategies to enhance financing in consumer-oriented RE applications. Stakeholders highlighted the need for better regulatory frameworks, risk-sharing mechanisms, and financial instruments to unlock capital for India’s renewable energy ambitions. The discussions reinforced the necessity of collaborative efforts among policymakers, financial institutions, and industry leaders to mobilize large-scale investments and achieve India’s target of 500 GW of non-fossil fuel energy by 2030.

    The discussions led to several key takeaways, including the need for lower-cost financing, improved access to global climate funds, and enhanced risk-sharing mechanisms for new technologies. Participants also stressed the importance of strengthening public-private partnerships and expanding green financial instruments to support India’s clean energy transition. The event concluded with a commitment from all stakeholders to work towards innovative financing models and policy frameworks that can unlock large-scale investments in the renewable energy sector.

    Senior officials from major public and private sector banks such as State Bank of India, Union Bank of India, HDFC Bank, ICICI Bank, Bank of India, Bank of Baroda, Canara Bank, UCO Bank, IDFC Bank, IDBI Bank, AU Small Finance Bank, Axis Bank, Punjab National Bank, Indian Overseas Bank, Indian Bank, Central Bank of India, Punjab & Sind Bank, Jammu & Kashmir Bank and Bank of Maharashtra also attended the event.

    The workshop marked a significant step toward ensuring that financial constraints do not hinder India’s renewable energy ambitions, reaffirming the government’s commitment to a clean, sustainable, and financially inclusive energy future. The workshop provided a platform for key stakeholders, including banks, NBFCs, policymakers, and industry leaders, to discuss strategies for mobilizing large-scale
     
    investments in renewable energy. Participants reiterated their commitment to supporting India’s clean energy transition, ensuring energy security, economic growth, and environmental sustainability. The event marked a significant step in bridging the financial gap for renewable energy projects, reinforcing India’s position as a global leader in the clean energy revolution.

    Dhanlaxmi/Preeti

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    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: U.S. Secretary of Energy Chris Wright to Deliver Keynote Address at 10th Powering Africa Summit

    Source: Africa Press Organisation – English (2) – Report:

    LONDON, United Kingdom, February 24, 2025/APO Group/ —

    Secretary Chris Wright, U.S. Department of Energy, has been confirmed as a speaker and guest of honour at the 10th Powering Africa Summit (PAS), taking place at JW Marriott Washington, D.C. across March 6-7. This is an important step to provide an answer to the question that all of African energy is now asking: how will the new Administration approach the strategic energy relationship between the U.S. and Africa?

    Under the Summit theme, The Future of the US & Africa Energy Partnership, U.S. Secretary of Energy Chris Wright will deliver a keynote address at the 10th annual Powering Africa Summit. Wright will be joined by representatives from the U.S. Department of State: Ambassador Troy Fitrell, Senior Bureau Official, Bureau of African Affairs; Kimberly Harrington, Acting Principal Deputy Assistant Secretary, Bureau of Energy Resources; and Stephen Banks, Acting Deputy Assistant Secretary for Energy Diplomacy, Bureau of Energy Resources. All will share their vision for this future relationship between African countries and the US-based investors that are so vital to realizing their energy ambitions.

    “As Secretary of Energy, I am committed to unleashing all forms of affordable, reliable and secure energy here at home and advancing that mission of energy security around the world – and nowhere is that more critical than the continent of Africa. I look forward to joining the Summit to reaffirm the strategic energy partnership between the U.S. and Africa and share my vision for advancing innovation and removing barriers to energy access, both at home and around the world,” Secretary Wright said.

    Ministers and governments from 19 African countries will arrive in Washington D.C., where the Africa Welcome Address will be given by H.E. Honourable Adebayo Adelabu, Minister of Power, Nigeria. Together with H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Dele Alake, Minister for Solid Minerals Development, Nigeria; H.E. Honourable Mahmoud Mustafa Esmat, Minister of Electricity & Renewable Energy, Egypt; H.E. Honourable Karim Badawi, Minister of Petroleum & Mineral Resources, Egypt; H.E. Honourable Bogolo Joy Kenewendo, Minister of Minerals & Energy, Botswana; H.E. Honourable Alex Wachira, Principal Secretary, Ministry of Energy & Petroleum, Kenya; and Amina Benkhadra, Director General, Office National des Hydrocarbures et des Mines (ONHYM), Morocco, he will meet distinguished Ministers and leaders from South Africa, Senegal, Ethiopia, Zimbabwe, Togo, Sierra Leone and more to drive energy development across the continent.

    Flagship ministerial boardrooms and regional energy cooperation sessions will discuss and debate   derisking projects, South Africa’s energy future, the need for West African regulatory reforms, and the role of hydrogen in North Africa. New areas of opportunity such as bitcoin mining and data centers will be discussed through an East African lens. The Mission 300 initiative, set to provide electricity access to 300 million people in sub-Saharan Africa by 2030, is also high on the agenda.

    The 10th Anniversary Gala Drinks Reception sponsored by Genesis Energy, will celebrate International Women’s Day, ahead of March 8.

    Critical to the week’s discussions will be a host of private players including Alliant Insurance Services, GE Vernova, ARM-Harith Infrastructure Investment, Globeleq, Africa50, Nextracker, Schneider Electric, Newmarket Capital and the summit’s general sponsor, Sun Africa, who are looking to a new future for the U.S.-Africa relationship.   

    Sun Africa CEO, Adam Cortese said: “We are seeing a sea change in how the U.S. participates in foreign infrastructure development and our unique model of development is an excellent illustration of how U.S. energy companies can thrive in emerging markets on a strictly commercial basis. Sun Africa remains committed to harnessing Africa’s immense energy resources through innovative structures, state-of-the-art technology and strong alliances while maintaining our long-standing market-based approach to development.  At Sun Africa, we believe energy development on the continent truly represents an opportunity for win-win partnerships and look forward to sharing our experience.”

    Simon Gosling, MD of EnergyNet added: “This summit has always been about bringing together African countries seeking investment with U.S.-based investors who see the vast potential on the continent.  It is more important than ever to establish the crucial energy projects that Africa needs. PAS25 will put the continent center stage and make sure that both sides have a future relationship to be excited about.”

    Media Credentials Requited for Powering Africa Summit

    The Secretary will open the Summit on 6 March, delivering a Keynote Speech at 09:45, followed by a Fireside Chat with Mission 300 Accelerator CEO, Andrew Herscowitz.

    MIL OSI Africa –

  • MIL-Evening Report: How Whyalla can be upgraded to green steel and why we need to keep steel production in Australia

    Source: The Conversation (Au and NZ) – By Daniel Rossetto, Adjunct, Institute for Sustainability, Energy and Resources, University of Adelaide

    Financial challenges at the Whyalla steelworks in South Australia have reignited debate about the nation’s steel industry and its future.

    Australians should have access to quality steel at competitive prices. The domestic steel production industry employs tens of thousands of people.

    The state and federal governments have stepped in, however, announcing a A$1.9 billion support package for Whyalla, together with a new $1 billion green iron investment fund. Half of the new fund will be allocated to Whyalla to support its transition to green steel production. That’s a large amount of money for a privately owned business.

    So, are the new packages going to be money well spent? To answer that question, let’s examine the priorities.

    A national priority

    Steel is an industry in which securing sovereign production capability is crucial. Sovereign capability means ensuring an industry can survive external shocks such as interruptions to shipping routes or disputes with other countries in the supply chain.

    Steel is a vital input for defence industries such as ship and submarine building. What could be said of a country’s autonomy – or its sovereign capability – if it relies on others for the steel needed for its defence?

    Whyalla is one of the two largest steelworks in Australia, the other being BlueScope’s Port Kembla plant. At least at first glance, the green iron investment fund seems to deal with the sovereign capability criterion well enough. Whyalla appears an ideal candidate.

    However, the public subsidy is large. The subsidised plant’s ability to operate in an economically competitive manner needs to be examined. Further, while the Whyalla plant began its life as a supplier to an adjacent shipbuilding operation, its share of the current domestic defence industry steel market is unclear.

    Environmentally friendly steel?

    Production of steel using iron ore and coking coal is a greenhouse gas emissions intensive process. It can result in as many as 2.5 tonnes of greenhouse gas per tonne of steel.

    The plan for Whyalla has long been to replace its coal-fired blast furnace with an electric arc furnace. This could, in turn, be supplied with low-emission sources of energy and consume scrap steel. While there is no globally agreed definition, this kind of approach would likely qualify as green steel.

    Sanjeev Gupta’s GFG, the owner of the plant, had originally wanted this furnace to be operating by 2025, potentially using solar among its energy supply. The plan would have cut its emissions dramatically. The timeline later slipped to 2027.

    The longer term plan for Whyalla appears based around production of green hydrogen to replace coking coal. As the world charges toward net zero emissions by 2050, the belief is that Australia can capture a good part of the green metals market.

    The challenge is that green hydrogen is expensive and not widely used around the world. It’s hard to find signs that the global steel market is willing to pay a premium in the absence of sectoral emissions pricing. The strategy could therefore be seen as a bet on the future. If the bet went wrong, who would absorb the losses? It would, most likely, be the taxpayer.

    The United States leads the way in low-emissions steel production. Firms there use electric arc furnaces to recycle scrap steel with energy from low-emission sources. This technology is proven and operates at industrial scale. It has a fraction of the emissions intensity but relies on the availability of scrap steel.

    Can we add value?

    Australia is a major world supplier of two key materials crucial for most steel making. These are iron ore and coking coal.

    The countries to which we sell those raw materials then do the processing and manufacture, capturing profit that is arguably lost to the Australian economy. Whyalla is already an example of domestic value-adding. It uses iron ore from mines in the adjacent area, and domestic coking coal.

    For Australia, however, this is going to be tricky. Australia is effectively signalling to its international customers that, one day, it hopes to compete with them in the global steel markets. In other words, this creates an incentive for the country’s customers to look for alternatives to buy iron ore.

    Whether Australia increases steel production ahead of its customers finding new sources of iron ore elsewhere in the world is a risky race with an uncertain result.

    Focus on government spending

    So, back to the question: is the new funding going to be money well spent? Perhaps the most solid justification among the priorities examined, is sovereign capability.

    The government probably needs to provide more information on how the new fund differs through from Future Made in Australia or the National Reconstruction Fund. Is this old funding with a new name? The nation is entering federal election season. Focus on government spending efficiency is likely to increase.

    Daniel Rossetto is the owner of Climate Mundial Limited, a private company that does consulting work but is currently inactive. He does ad hoc private consulting through various consulting platforms. He is also the owner and host of a new private and independent YouTube channel called Climate Mundial’s Energy and Climate Weekly. He is on the editorial board of the Discover Sustainability journal published by Springer Nature.

    – ref. How Whyalla can be upgraded to green steel and why we need to keep steel production in Australia – https://theconversation.com/how-whyalla-can-be-upgraded-to-green-steel-and-why-we-need-to-keep-steel-production-in-australia-250402

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China’s Shandong makes efforts to develop future-oriented industries

    Source: People’s Republic of China – State Council News

    China’s Shandong makes efforts to develop future-oriented industries

    Updated: February 24, 2025 08:55 Xinhua
    Staff work in a wind power equipment production workshop of Sany Renewable Energy (Rizhao) Wind Power Equipment Manufacturing Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. In recent years, local authorities in Rizhao have made efforts to assist traditional advantageous industries in innovating and develop an array of emerging and future-oriented industries. [Photo/Xinhua]
    A staff member works in a wind power equipment production workshop of Sany Renewable Energy (Rizhao) Wind Power Equipment Manufacturing Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member patrols near a production line of Asia Symbol (Shandong) Pulp and Paper Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    Staff work in the crawler harvester production workshop of Rizhao Liying Machinery Manufacturing Co., Ltd in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    Staff process the products in Shandong Xingchen Aluminum Technology Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member works in a wind power equipment production workshop of Sany Renewable Energy (Rizhao) Wind Power Equipment Manufacturing Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member works in a crawler harvester production workshop of Rizhao Liying Machinery Manufacturing Co., Ltd in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member works at a production line of Asia Symbol (Shandong) Pulp and Paper Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member assembles a tractor in Rizhao Liying Machinery Manufacturing Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]
    A staff member calibrates an engraving machine in Rizhao Huiming Machinery Equipment Co., Ltd. in Rizhao, east China’s Shandong Province, Feb. 22, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Hydrogen Zero Carbon STEAM Carnival to be held today and tomorrow (with photos)

    Source: Hong Kong Government special administrative region

    Hydrogen Zero Carbon STEAM Carnival to be held today and tomorrow (with photos)
    Hydrogen Zero Carbon STEAM Carnival to be held today and tomorrow (with photos)
    *******************************************************************************

         The Hydrogen Zero Carbon STEAM Carnival, organised by the Electrical and Mechanical Services Department (EMSD) and co-organised by the Education Bureau (EDB) and the Construction Industry Council – Zero Carbon Park (CIC-ZCP), is being held today and tomorrow (February 22 and 23) at the CIC-ZCP in Kowloon Bay. The carnival integrates educational elements of STEAM in an innovative and interactive way, showcasing the development prospects and potential application of hydrogen technology in all aspects and attracting the participation of young people.           Speaking at the opening ceremony today, the Under Secretary for Environment and Ecology, Miss Diane Wong, emphasised that hydrogen energy is a promising zero-carbon energy source with a wide range of applications. The country has clearly positioned hydrogen energy as an important component of the future energy system. Young people are stakeholders in addressing climate change and promoting carbon neutrality. She hoped that students will deepen their understanding of the industry chain, safety and applications of hydrogen energy in Hong Kong through enjoyable educational experiences.           The Director of Electrical and Mechanical Services, Mr Poon Kwok-ying, said in his speech that the sustainable development of hydrogen energy requires not only the concerted effort of the Government and industry, but also the support of the public and the younger generation. To this end, the EMSD has arranged for engineers to explain technologies and latest developments of hydrogen energy to teachers and students. In addition, the EMSD has recently collaborated with the EDB to organise the HydroRace Challenge, allowing students to gain first-hand experience on the application of hydrogen energy. The competition received overwhelming responses, with the participation of a total of 67 secondary schools across the territory.           Admission to the carnival is free. Activities include hydrogen-themed STEAM workshops, guided tours to the CIC-ZCP STEAM Lab, the display of hydrogen-fuelled street washing vehicles and hydrogen power generators, as well as booth games. For details, please visit the event website www.h2carnival.com.

     
    Ends/Saturday, February 22, 2025Issued at HKT 17:09

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Sudden oil supply outages creating turbulence for airline industry

    Source: University of South Australia

    24 February 2025

    UniSA researchers are encouraging airlines to explore sustainable fuel options.

    Unplanned oil supply outages caused by geopolitical instability, military conflicts, natural disasters and technical issues are throwing airline stock markets into chaos and making it more expensive to fly.

    That’s the conclusion from Australian aviation experts in a new paper published in Energy Economics examining the links between unforeseen oil supply disruptions and airline stock prices.

    University of South Australia researchers argue that because fuel accounts for 30% of an airline’s total expenses, the industry is especially sensitive to any sudden fluctuations in the crude oil market, particularly from non-OPEC countries that are more volatile.

    Major airlines such as United Airlines, Delta Airlines and American Airlines are the most affected.

    UniSA aviation lecturer Dr Yifei Cai, who led the study, says the unpredictability of oil supply shocks provides compelling evidence why alternative energy sources are needed, including biofuels and hydrogen.

    “Global airline operations rely heavily on stable fuel supplies, and unexpected oil supply outages make it very difficult for them to predict their costs,” Dr Cai says.

    Co-author, UniSA Aviation Professor Shane Zhang, says that unplanned oil supply outages have a significant impact on oil prices as they can disrupt the balance between oil supply and demand, creating shortages and driving up prices.

    “Our findings suggest that airlines may need to rethink their risk management strategies and fuel hedging practices to mitigate potential financial turbulence caused by such outages,” Prof Zhang says.

    The oil price war between Saudi Arabia and Russia in March 2020, for example, triggered a significant shift in oil prices and was recognised as a pivotal factor in the stock market crash of 2020.

    The study highlights the potential impact on investment strategies, stock market stability and long-term financial planning in the aviation sector.

    The researchers claim that diversifying fuel supply sources would reduce reliance on a single region or supplier.

    Investing in fuel-efficient aircraft and sustainable initiatives such as biofuels and hydrogen would also lessen dependence on traditional jet fuels and their price fluctuations.

    Prof Zhang says that more than 90% of Australian oil is imported from overseas markets, for example, and it would “make sense” to grow the domestic sustainable aviation fuel industry to reduce the reliance on the overseas supply for traditional jet fuels in the long term.

    Future research will investigate the impacts of unplanned oil supply outages at country levels.

    Notes for editors

    “Accessing the influence of unplanned oil supply outages on airline stock connectedness” is authored by researchers from Wuchang University of Technology and the University of South Australia.
    DOI: 10.1016/j.eneco.2024.108145

    …………………………………………………………………………………………………………………………

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au
    Researcher contact: Prof Shane Zhang E: shane.zhang@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News –

  • MIL-OSI Economics: New energy vehicle market poised for growth driven by technological innovations, says GlobalData

    Source: GlobalData

    New energy vehicle market poised for growth driven by technological innovations, says GlobalData

    Posted in Automotive

    The automotive industry is undergoing a significant transformation, with hybrid and electric vehicles (EVs) at the forefront of this change. The new energy vehicle (NEV) market is dynamic in nature and is poised for growth as economic conditions improve and technological innovations continue to emerge, says GlobalData, a leading data and analytics company.

    According to GlobalData, the Battery Electric Vehicle (BEV) market in Europe and the Asia-Pacific (APAC) region experienced a period of stagnation in 2024; however, a robust rebound is projected for 2025.

    Madhuchhanda Palit, Automotive Analyst at GlobalData, comments: “The positive outlook is supported by declining interest rates and the introduction of more competitive vehicle offerings. In particular, government policies in China, including the purchase tax exemption extension until 2027 for NEVs, are expected to invigorate the market, with BEVs poised to play a dominant role in both the short and long term.”

    Moreover, recent upgrades to emission regulations, which impose stricter standards, will serve as significant catalysts for the adoption of NEVs. For example, India plans to implement the Corporate Average Fuel Economy (CAFE) phase 3 regulations in 2027 and phase 4 in 2032. These stringent fleet carbon dioxide (CO2) limitations will compel original equipment manufacturers (OEMs) to either enhance their internal combustion engine (ICE) powertrains or increase the sales of EVs within the passenger vehicle sector.

    Additionally, significant policy changes, particularly in China, are influencing the market dynamics. The purchase tax exemption and the introduction of a dual-invoice system for swappable battery vehicles are expected to enhance the appeal of EVs.

    Palit adds: “Government incentives, such as tax rebates and subsidies, play a crucial role in encouraging the adoption of EVs, as seen in the success stories of Norway and Denmark. In the US, the ongoing dilemma about policy change might create tricky and unfavorable conditions for domestic automakers and establish market dominance for Tesla.”

    Technological advancements are pivotal in driving the market forward. Toyota‘s launch of the world’s first hydrogen hybrid vehicle and CATL’s unveiling of the “Freevoy” supercharging hybrid battery exemplify the industry’s commitment to innovation. These developments, along with the standardization of hybrid technology by automakers like Toyota and Honda, are making new energy vehicles more accessible and appealing to consumers. The expansion of charging infrastructure and government incentives further supports the growth, addressing range anxiety, and increasing overall awareness of the benefits of NEVs among consumers.

    Palit concludes: “The future of hybrids and EVs looks bright, driven by a combination of favorable economic conditions, strategic policy changes, and breakthrough technological advancements. As the market share for ICEs declines, the rise of new energy vehicles is a testament to the industry’s adaptability to sustainable transportation solutions. Ongoing innovations in technology and infrastructure promise a greener and more efficient automotive landscape.”

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: IWAI Board commissions feasibility study for Urban Water Transport System in 17 cities

    Source: Government of India

    Posted On: 21 FEB 2025 6:30PM by PIB Delhi

    The Inland Waterways Authority of India (IWAI) Board – in its 196th Board Meeting – took a key decision to carry out feasibility study for developing Urban Water Transport System in various cities.  The Board decided to explore Water Metro in full or part in 17 cities across 12 states of India.  Kochi Metro Rail Limited (KMRL) have been appointed to carry out the feasibility study.

    This initiative will provide a robust and sustainable urban transport system by utilising existing navigable waterways. The Water Metro model represents a breakthrough in urban water transportation, offering safe, efficient, and environmentally-friendly alternatives to conventional modes of transport. Leveraging India’s rich network of rivers, canals and other water bodies, the project will focus on cities with significant potential for urban water transport system.

    The 17 cities chosen by IWAI, in consultation with Ministry of Ports, Shipping and Waterways, for developing water metro include – Ayodhya, Dhubri, Goa, Guwahati, Kollam, Kolkata, Prayagraj, Patna, Srinagar, Varanasi, Mumbai, Vasai, Mangalore (Gurupura River), Gandhinagar-Ahmedabad (Sabarmati River), Alleppey in Kerala as well as Lakshadweep and Andaman & Nicobar Islands where inter-island ferry services could transform connectivity.

    The Urban Water Transport System will connect mainland and adjoining municipalities/panchayat areas/islands through waterways and integrate the system with other modes of transport. Besides, it will promote tourism and regional economic growth. It will employ non-polluting and sustainable measures through energy-efficient electric ferries, modernised terminals and ensure seamless multimodal connectivity.

    Under the dynamic leadership of Prime Minister Shri Narendra Modi and the able guidance of Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal, IWAI has been making several infrastructural interventions to develop waterways as a robust engine of growth. With its concerted efforts, IWAI is expanding its footprint throughout the country – from Arunachal Pradesh in the East to Gujarat in the West and Jammu and Kashmir in the North to Kerala in the South. 

    In line with Harit Nauka guidelines, the Authority has taken multiple green initiatives which includes procurement of electric catamarans for passenger ferries.  Two such catamarans have already been deployed, one each at Varanasi and Ayodhya.  Six more shall be deployed soon in Mathura and Guwahati.  One hydrogen fuel cell powered vessel has also been procured which recently completed the trials successfully. The move to strengthen urban water transport system by developing water metro projects will be an extension to these proactive initiatives being taken by the Authority.

    ***

    G.D. Hallikeri / Henry

    (Release ID: 2105345) Visitor Counter : 45

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: NREL Plant Biologist Maureen McCann Named Senior Research Fellow

    Source: US National Renewable Energy Laboratory

    Senior Research Fellow Maureen McCann poses with a mass spectrometer in a research lab. Photo by Agata Bogucka, NREL

    The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has selected Maureen McCann, an internationally renowned plant biologist, to its highest technical position for a scientist: Senior Research Fellow.

    Of the more than 4,000 people who work at NREL, only 16 are current senior research fellows. Fellows are nominated by the leaders of NREL’s five research directorates, and recommendations from peer scientists play a large role in the selection process. In this prestigious role, McCann will advise NREL’s executive leadership on the strategic direction of laboratory research as it works toward advanced energy solutions.

    “The role of senior research fellow carries great responsibility at NREL,” Laboratory Director Martin Keller said. “They are in the trenches every day, conducting and overseeing research while also keeping an eye on the bigger picture and evaluating our long-term approaches. Elevation to this position is a recognition of Maureen’s talent, experience, and leadership and our belief that she can help take the laboratory to new heights. Congratulations to a fellow biologist.”

    McCann joined NREL in 2020 to direct the laboratory’s Biosciences Center. The center’s team of researchers aims to understand, predict, and control pathways and processes in living organisms to benefit the bioindustrial and agricultural sectors of the bioeconomy.

    Before NREL, she was a professor of biological sciences and director of the NEPTUNE Center for Power and Energy at Purdue University. While there, she also led an Energy Frontier Research Center, the Center for Direct Catalytic Conversion of Biomass to Biofuels, in which NREL was a senior partner. 

    In 2023, McCann took on a leadership role as associate director of the Renewable and Sustainable Energy Institute, a partnership between NREL and the University of Colorado Boulder.

    Speaking on her new role, McCann said she is excited for this next phase of her work at NREL.

    “I’m delighted and honored—it’s a little overwhelming—but can’t wait to step up to this new role and contribute my passion for how life sciences can be entrained for the bioeconomy and biomanufacturing,” McCann said.

    Maureen McCann presents her research at the Senior Research Fellows Dinner. McCann was awarded the distinction prior to her talk at the event. Photo by Agata Bogucka, NREL

    Her career of research uses biochemical, genetic, and molecular biology approaches to understand how the plant cell wall influences the final form and stature of plants. Using basic science to study the proteins and structural properties of the cell wall, McCann can engineer plants to be more productive and resilient for their use as sources of biofuels, chemicals, and materials.

    She is widely cited for her 1990 Journal of Cell Science article, “Direct Visualization of Cross-Links in the Primary Plant Cell Wall,” a field-defining study where measurements were obtained, for the first time, by directly visualizing the primary cell wall of an onion using novel electron microscopy techniques.   

    McCann’s work has also made advancements in the molecular basis of biomass recalcitrance, or the cell wall’s natural resistance to being broken down by microbes and enzymes. Converting plant biomass into usable sugars and aromatics, such as capturing glucose and xylose from cell wall polysaccharides, is an avenue to create economic value from heterogeneous waste streams. McCann’s discoveries on recalcitrance could help companies decrease energy inputs needed to prepare biomass for multiple conversion processes, therefore lowering the costs and making biofuel and biochemical production more efficient.

    McCann has authored or co-authored more than 120 peer-reviewed journal articles and has a lifetime h-index of 65, with nearly 22,000 citations. She is a graduate of Churchill College at the University of Cambridge, where she obtained her bachelor’s and master’s degrees in natural sciences before gaining a Ph.D. in botany from the University of East Anglia.

    Learn more about NREL’s science of biological energy conversion research that McCann will help lead.

    MIL OSI USA News –

  • MIL-OSI Russia: Dmitry Chernyshenko: The latest domestic developments are presented at the Future Technologies Forum

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko visited the exhibition of the Future Technologies Forum

    February 21, 2025

    Dmitry Chernyshenko visited the exhibition of the Future Technologies Forum

    February 21, 2025

    Dmitry Chernyshenko visited the exhibition of the Future Technologies Forum

    February 21, 2025

    Dmitry Chernyshenko visited the exhibition of the Future Technologies Forum

    February 21, 2025

    Previous news Next news

    Dmitry Chernyshenko visited the exhibition of the Future Technologies Forum

    Deputy Prime Minister Dmitry Chernyshenko inspected the exhibition of the Future Technologies Forum, which is taking place in Moscow on February 20–21.

    The forum’s exposition brought together developments from high-tech enterprises and startups from all over the country – achievements are presented at the stands of the largest corporations that develop science-intensive production.

    “The joint work of representatives of science, business and the state is of key importance in achieving Russia’s technological leadership – a national goal set by President Vladimir Putin. The Future Technologies Forum exhibition shows striking examples of such interaction. It presents dozens of the latest domestic developments that are being introduced into industrial production and have high export potential,” the Deputy Prime Minister emphasized.

    The Russian Ministry of Industry and Trade presented the national project “New Materials and Chemistry” at the forum. The ministry’s stand featured developments and samples in four areas of the national project: chemistry, biotechnology, composites and rare earth metals. The exhibits included an absorbent carbon dressing for healing open wounds and burns; synthetic blood vessel prostheses that allow replacing critically damaged areas of blood vessels in atherosclerosis, aneurysm, and thrombosis; polymeric materials for the manufacture of bone substitutes that are similar in properties to human bone tissue; samples of raw biomass obtained from medicinal plants without harming the environment; innovative fertilizers; composite materials based on carbon fiber and thermoplastics, which are used in aviation, UAV design, and automotive engineering, as well as products made of rare and rare earth metals, which are used in high-tech products, and other developments.

    “It is extremely important that Russia ensures its sovereignty, including in the extraction of minerals for the needs of our industry. It is also important to form directions and invest in science: the processing of these materials and the creation of technologies based on them,” noted Dmitry Chernyshenko.

    The Kurchatov Institute National Research Center, one of the leaders in modern Russian materials science, demonstrated aircraft parts manufactured using additive technologies, polymeric materials for medical use, heat-resistant materials for engine building, special cold-resistant steels and coatings for Arctic use, and other developments.

    The stand presents a model of the synchrotron-laser complex “SILA” – a fundamentally new research mega-installation, which is being built at the site of the National Research Center “Kurchatov Institute” in Protvino (Moscow Region) and will allow obtaining unique data on the structure and properties of any substances at the level of individual atoms.

    Rosatom demonstrated developments of nuclear industry organizations, they were presented by the CEO of the state corporation Alexey Likhachev. Composite material with boron carbide is capable of effectively blocking different types of radiation. The material is indispensable in nuclear power plants, where it reduces the impact of radiation on personnel and equipment, in medicine (in radiotherapy) and in industry, where they work with radioactive substances.

    The drug synthesis platform is designed to create radiopharmaceuticals – drugs with radioactive elements. The essence of the development is that radioactive substances are added to microspheres that can decompose in the body, which help directly destroy diseased cells. The drugs attack only the affected cells without harming healthy ones – this is their main advantage.

    The Rosatom stand also features beryllium-based materials, which have high strength, withstand high temperatures and can be used in spacecraft, in the production of spark-proof alloys and in the radio-electronic industry.

    Another exhibit is carbon fiber, a unique component for the production of composite materials. The fiber consists almost entirely of carbon atoms, which means high strength with a significantly lower weight than metals and their alloys, and is used to create structural elements of aircraft, to strengthen wind turbine blades and in gas centrifuges, to create prostheses and orthoses, in automobile and shipbuilding, sports and construction.

    Gazprombank presented several high-tech developments of Russian startups at once. The companies Prokeramika and M-Shape demonstrated titanium and steel intervertebral disc prostheses printed using 3D technologies, ceramic scaffolds – biological tissue implants grown on a 3D printer.

    “Such work needs to be supported and accelerated. Especially now, in the conditions of the SVO, when a lot is required for operations and for the creation of implants,” the Deputy Prime Minister emphasized.

    Gazprombank’s subsidiary N2Tech demonstrated the innovative CryoSafe-42 tank container, which allows for safe and lossless transportation of liquid hydrogen, one of the most promising sources of clean energy, over a distance of up to 15,000 km. All developments are designed to ensure high efficiency of their implementation and use in practice with a focus on saving resources and technological leadership in Russian industry, medicine, and the aerospace industry. The stand also demonstrated the interface and workflow of products from KuBoard, a developer of quantum software.

    At the Moscow government stand, Dmitry Chernyshenko was presented with samples of the latest materials and products manufactured at Moscow enterprises. Among them are lithium-ion and sodium-ion batteries, composite panels, carbon fibers, innovative building materials, and much more. For example, prototypes of implants for bone tissue restoration, forearm and hip prostheses with biocoating, and knee modules with microprocessor control, which are used in restorative medicine and surgery, are on display.

    “In the context of rapid changes in the global economy and technological progress, events such as the Future Technologies Forum are becoming a platform for exchanging knowledge, experience and innovation. Moscow actively promotes research and development in the field of new materials. The prospects for using achievements in this area are enormous. This concerns not only industry, but also the daily life of the capital’s residents. We are talking about improving the quality of life through the creation of safer, more durable and efficient products, such as building materials, medical products and much more. This approach not only meets modern requirements for sustainable development, but also emphasizes our commitment to creating a comfortable environment for every resident,” said Anatoly Garbuzov, Minister of the Moscow Government and Head of the Department of Investment and Industrial Policy.

    During the Future Technologies Forum, Sber demonstrated the concept of the AI for Science platform with artificial intelligence (AI) tools, which is designed to improve the quality of scientific research in Russia. The main goal of the platform is to help scientists speed up research, improve its quality and facilitate the writing of scientific articles.

    At the stand, Dmitry Chernyshenko made a number of proposals on the possible use of digital technologies in the work of scientists.

    Detailed information about the events of the Future Technologies Forum is available on the website Futura-forum.The.

     

    The Future Technologies Forum is a flagship event where leading researchers and industry leaders present high-tech technologies, innovative scientific developments and implemented projects that determine the vector of development of economic sectors in the coming years.

    The forum has been held in Moscow annually since 2023 with the participation of the President of Russia. The event is supported by the Government of Russia, and the operator is the Roscongress Foundation.

    In 2023, the FBT was dedicated to quantum technologies, in 2024 it focused on the future of medicine. In 2025, the forum is dedicated to new materials and chemistry.

    In 2025, the forum is held with the support of the Russian Academy of Sciences, the Russian Science Foundation, and the Russian Quantum Center. The co-organizers of the forum are Gazprombank, the Moscow government, and the Rosatom state corporation. The general partner is Sber, the strategic partner is PJSC Rosseti, and the strategic scientific partner is the Kurchatov Institute National Research Center.

     

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: The Acceleration Interuniversity Program “City Energy. Environment 2.0” has been launched at the State University of Management

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    The acceleration program is carried out by the State University of Management in cooperation with the industrial partner of the State University of Management – OOO TEN Group – the TechnoSpark technology park in the city of Troitsk.

    Thematic areas of the accelerator: – TN1. Technologies for comfortable and safe human life; – TN2. Technologies of “green energy”; – TN3. Resource-saving systems, lean, digital technologies.

    These thematic areas of the Accelerator correspond to the critical technologies of the Russian Federation, approved by the Decree of the President of the Russian Federation of July 7, 2011 N 899, contribute to solving the problems of ensuring the technological sovereignty of the Russian Federation, and correspond to the markets of the National Technology Initiative.

    The acceleration program implementation period is February – June 2025.

    The acceleration program consists of the following educational events: — lectures; — traction meetings (held in the form of team meetings with a tracker to develop a project); — expert presentations from representatives of the partner companies of the State University of Management in the thematic areas of the accelerator; — the Equator event, where teams present the intermediate results of their projects; — the Pre-Defense event, where teams present to other teams and trackers. Trackers make a decision on admission and recommendation of a team to participate in DemodDen; — the DemodDen event, where teams present the results of their projects to invited external experts.

    The head of the acceleration program “City Energy. Environment 2.0” Ekaterina Khalimon talks about the features of the program:

    “This year, the implementation model of the 7th acceleration program based on the State University of Management has undergone some changes. Firstly, it is implemented entirely by the State University of Management, without attracting third-party funding and without attracting the services of third-party organizations. Today, the State University of Management has a sufficient number of highly qualified specialists who can efficiently implement the conceived ideas. The State University of Management has already accumulated practical experience. The acceleration program “City Energy. Environment 2.0” is the 7th acceleration program carried out on the basis of the State University of Management. Since 2022, over 5,000 students have been trained in acceleration programs in the field of technological entrepreneurship based on the State University of Management.

    Secondly, an important emphasis was placed on interuniversity coverage: if in previous accelerators 80% of participants were SUM students, then in this program we want to achieve a 40/60 ratio, where 40% are SUM students, and 60% are students from third-party universities, attracted by SUM students themselves based on the team’s requests. We understand that SUM trains talented managers who can package any project, calculate, plan, and brilliantly present it to investors. But if we want to achieve prototypes and deep project development, then engineers, programmers, doctors, and students from other fields of study need to be attracted at the earliest stages of project development. The experience of the 6th acceleration program “Healthy Life Technologies 2.0” showed that teams that included both managers and students from other universities demonstrated a high degree of development of their projects, demonstrated prototypes, sketches, and conducted experiments in the laboratories of partner universities.

    And finally, the third feature of the current acceleration program “City Energy. Environment 2.0″ is that at the project initiation stage we provide students with requests for technological innovations received in January 2025 from the industrial partner of the State University of Management – the TechnoSpark technology park. The requests concern such areas as: urban infrastructure, hydrogen energy, automation of warehouse complexes, waste disposal, synthesis of coal, peat, biomass. In total, over 30 requests have been received in these areas. Close cooperation with such a large partner allows us to develop projects and products that are already urgently needed by our domestic manufacturers.”

    The accelerator trackers are teachers from the project management department who are certified project management specialists, active entrepreneurs, and experts in tracking and mentoring student startups.

    Following the results of the Acceleration Program, teams that have passed the Demo Day will receive feedback from invited experts and representatives of the technology park, the best teams will be invited to practice at the company for further work on projects.

     

    Subscribe to the tg channel “Our State University” Announcement date: 02.21.2025

    технопарком «ТехноСпарк» города Троицка….” data-yashareImage=”https://guu.ru/wp-content/uploads/IMG_6074-1-scaled.jpg” data-yashareLink=”https://guu.ru/%d0%b2-%d0%b3%d1%83%d1%83-%d1%81%d1%82%d0%b0%d1%80%d1%82%d0%be%d0%b2%d0%b0%d0%bb%d0%b0-%d0%b0%d0%ba%d1%81%d0%b5%d0%bb%d0%b5%d1%80%d0%b0%d1%86%d0%b8%d0%be%d0%bd%d0%bd%d0%b0%d1%8f-%d0%bc%d0%b5%d0%b6/”>

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Economics: Panasonic in Numbers: Panasonic HX

    Source: Panasonic

    Headline: Panasonic in Numbers: Panasonic HX

    Panasonic Manufacturing UK Ltd. (Location: Cardiff, Wales, UK; hereinafter referred to as “PMUK”), which develops, manufactures, and sells microwave ovens and other products in the UK, has completed the installation and begun trial operation of a demonstration power generation system. The microwave oven assembly factory is powered by renewable energy generated by the system through the integrated control of three types of energy sources: pure hydrogen fuel cell generators, photovoltaic generators, and storage batteries. This demonstration system, the first of its kind outside Japan, will bring Panasonic HX to scale with the Group seeking to build relationships with government agencies, local partner companies and business customers related to the hydrogen business to establish a foundation that will contribute to UK society and climate change countermeasures in the UK and across Europe.
    This demonstration uses green hydrogen produced in the UK for in-house power generation and aims to supply 100% of the electricity consumed in PMUK’s microwave assembly from renewable sources by means of pure hydrogen fuel cell generators using green hydrogen, in combination with photovoltaic generators and storage batteries. This globally unique initiative integrating the three energy sources into a demonstration facility is the first attempt even for Panasonic. Through this demonstration, Panasonic is committed to developing its hydrogen business from a long-term perspective toward the realization of a future hydrogen society and carbon neutrality.

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics –

  • MIL-Evening Report: The promise of green iron, steel and ammonia is keeping the green hydrogen dream alive

    Source: The Conversation (Au and NZ) – By Changlong Wang, Research fellow in Civil and Environmental Engineering, Monash University

    D.Alimkin, Shutterstock

    Hydrogen was once sold as a universal climate fix — a clean, green wonder fuel for cars, homes, power grids and even global export. But reality has cooled that buzz.

    This week, the South Australian government shelved plans for a A$593 million hydrogen power plant, in favour of injecting that money into the $2.4 billion Whyalla steelworks rescue package. Premier Peter Malinauskas said there was “no point in producing hydrogen” without a customer: the steelworks.

    It’s the latest in a series of setbacks for hydrogen. Last year, Australian mining and energy giant Fortescue pared back its green hydrogen projects as a result of increasing costs and changing financial circumstances in the United States.

    Then, gas and oil heavyweight Woodside withdrew plans for two large-scale green hydrogen projects and Origin Energy dropped out of the Hunter Valley Hydrogen Hub.

    Meanwhile, the Hydrogen Energy Supply Chain project in Victoria, meant to ship hydrogen to Japan, has met with delays and overruns. Earlier this month, the new Queensland government chose to halt further investment in the Central Queensland Hydrogen Project, putting plans to export hydrogen in doubt.

    These setbacks show hydrogen isn’t the ultimate solution to all our energy needs, especially if we want to export it. But they don’t spell doom. Instead, they nudge us toward where hydrogen really shines: in heavy industry, right where it’s made.

    Heavy industry: where hydrogen makes sense

    Heavy industries such as steel manufacturing and ammonia production are where hydrogen proves its worth. These sectors are significant contributors to climate change — steel accounts for about 8% of global greenhouse gas emissions, ammonia a further 2%.

    Most emissions from steelmaking come from burning coal in blast furnaces to convert ore into iron and carbon dioxide.

    In a cleaner alternative, hydrogen (when produced using renewable energy) can be used to strip oxygen from the ore and make iron, with water as a byproduct. The result is green iron, ready to be turned into steel in an electric arc furnace – with a fraction of the emissions.

    Ammonia is used to make fertiliser and industrial chemicals, and hydrogen is one of the main ingredients in its production. Hydrogen bonds with nitrogen from the air to form ammonia. No hydrogen, no ammonia — it’s that simple. Conventional ammonia plants get hydrogen from methane, producing CO₂ in the process. Green ammonia uses renewable energy to produce hydrogen by splitting water via electrolysis.

    Our recent research crunched the numbers on producing these new green commodities. We found making green iron in Australia with hydrogen and shipping it to Europe for steel production could be 21% cheaper than exporting raw iron ore and hydrogen separately. Plus, it could cut emissions by up to 95% compared to traditional methods.

    There are huge economic opportunities for Australia too. Instead of shipping low-value raw materials, Australia could export ready-to-use green iron or green steel, reshaping global supply chains while cutting costs and carbon. That’s the kind of rethink hydrogen enables.

    Industry hubs: a practical fix

    Transporting hydrogen long distances is costly and inefficient. The fix? Industry hubs that produce hydrogen right where it’s needed — next to steel mills, ammonia plants, desalination plants, water treatment plants or even aluminium smelters. Putting producers and consumers together slashes transport costs and unlocks efficiencies.

    We’ve built tools to pinpoint places with the greatest potential to produce these new green commodities.

    The Hydrogen Economic Fairways Tool maps where renewable energy, infrastructure and industrial sites align for cost-effective hydrogen production.

    The Green Steel Economic Fairways Mapper zooms in on prime locations for green steel, spotlighting places such as Eyre Peninsula in SA and the Pilbara in Western Australia, among others (see below). These locations have abundant wind and solar resources alongside an existing industrial base.

    The Green Steel Economic Fairways Mapper compares the levelised cost of steel, including production and transport to the port. a) Regional changes across Australia b) Example of how to optimise the system to minimise the levelised cost of producing 1 million tonnes per annum c) Breakdown of costs d) Hourly system performance, in terms of energy flows.
    Green Steel Economic Fairways Mapper, Geoscience Australia

    Challenges remain

    Green hydrogen promises to revolutionise heavy industries, but significant hurdles stand in the way of widespread domestic adoption. The biggest challenge comes from the unpredictable nature of renewable energy, which makes it hard to maintain the steady hydrogen supply industries need.

    The costs remain steep, too. Splitting water into hydrogen using renewable electricity isn’t cheap, particularly when you need backup storage systems to keep production going during cloudy or windless periods.

    Getting hydrogen where it needs to go poses another major challenge. As hydrogen is both bulky to transport and highly flammable, it requires special handling and infrastructure, driving up costs, especially for facilities far from production sites.

    Many companies also hesitate to invest in hydrogen-compatible equipment, as retrofitting existing plants or building new ones requires substantial upfront costs without guaranteed returns.

    The $2.4 billion rescue package for the Whyalla Steelworks (ABC News)

    Government backing: a push in the right direction

    Thursday’s announcement of A$2.4 billion investment in the Whyalla steelworks along with plans for a $1 billion green iron investment fund are a bold bet on green steel. Furthermore, the landmark Future Made in Australia legislation introduces a $6.7 billion Hydrogen Production Tax Incentive, offering $2 per kilogram of renewable hydrogen produced between 2027–28 and 2039–40, alongside a 10% tax credit for critical minerals processing.

    Meanwhile tax credits for green aluminium and alumina should help another heavy industry to navigate the energy transition using clean hydrogen.

    These measures aim to unlock tens of billions in private investment, boost regional economies, and position Australia as a leader in clean energy manufacturing. This isn’t just about one-off projects. It’s laying the groundwork for hubs that link renewable energy and hydrogen production to industrial demand.

    There’s more in the pipeline. The Hydrogen Headstart program pumps funds into hydrogen innovation, and the Future Made in Australia initiative backs clean industry with billions more. Add in policies like carbon pricing or low-interest loans, and the economics tilt even further toward green steel and ammonia. Government buying power — in the form of procurement targets for low-carbon materials — could seal the deal by guaranteeing demand.

    These policies aren’t just wishful thinking — they’re practical steps that are already working elsewhere. Sweden’s HYBRIT project, which paired green steel with government-backed demand, has already led to construction starting on new industrial-scale green steel facilities. At the same time, the European Union’s hydrogen strategy leans on carbon pricing and subsidies to guide industries and suppliers through the energy transition, while Japan offers incentives for the use of green steel in their automotive industry.

    Australia has the renewable energy and the industrial base to take advantage of these opportunities. With the right leadership, we can turn hydrogen’s stumbles into a global triumph for heavy industry.

    Changlong receives funding from the South Australian Department for Energy and Mining to conduct the SA Green Iron Study, and from Geoscience Australia under the Exploring for the Future program to develop the Hydrogen and Green Steel Economic Fairways tool. Changlong is affiliated with Melbourne Climate Futures, University of Melbourne, and is a visiting fellow at Engineering Science, Oxford University, UK.

    Stuart Walsh receives funding from Geoscience Australia supporting the development of the Bluecap software suite, which highlights opportunities for new renewable energy and critical mineral projects in Australia. Stuart received funding from the South Australian Department for Energy and Mining to conduct the SA Green Iron Study and from Geoscience Australia under the Exploring for the Future program to develop the Hydrogen and Green Steel Economic Fairways tool.

    – ref. The promise of green iron, steel and ammonia is keeping the green hydrogen dream alive – https://theconversation.com/the-promise-of-green-iron-steel-and-ammonia-is-keeping-the-green-hydrogen-dream-alive-250410

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: ‘Active recovery’ after exercise is supposed to improve performance – but does it really work?

    Source: The Conversation (Au and NZ) – By Hunter Bennett, Lecturer in Exercise Science, University of South Australia

    gpointstudio/Shutterstock

    Imagine you have just finished a workout. Your legs are like jelly, your lungs are burning and you just want to collapse on the couch.

    But instead, you pick yourself up and go for a brisk walk.

    While this might seem counterintuitive, doing some light activity after an intense workout – known as “active recovery” – has been suggested to reduce soreness and speed up recovery after exercise.

    But does it work or is it just another fitness myth?

    What is active recovery?

    Active recovery simply describes doing some low-intensity physical activity after a strenuous bout of exercise.

    This is commonly achieved through low-intensity cardio, such as walking or cycling, but can also consist of low-intensity stretching, or even bodyweight exercises such as squats and lunges.

    The key thing is making sure the intensity is light or moderate, without moving into the “vigorous” range.

    As a general rule, if you can maintain a conversation while you’re exercising, you are working at a light-to-moderate intensity.

    Some people consider doing an easy training session on their “rest days” as a form of active recovery. However, this has not really been researched. So we will be focusing on the more traditional form of active recovery in this article, where it is performed straight after exercise.

    What does active recovery do?

    Active recovery helps speed up the removal of waste products, such as lactate and hydrogen, after exercise. These waste products are moved from the muscles into the blood, before being broken down and used for energy, or simply excreted.

    This is thought to be one of the ways it promotes recovery.

    In some instances active recovery has been shown to reduce muscle soreness in the days following exercise. This may lead to a faster return to peak performance in some physical capabilities such as jump height.

    Active recovery can involve stretching.
    fatir29/Shutterstock

    But, active recovery does not appear to reduce post-exercise inflammation. While this may sound like a bad thing, it’s not.

    Post-exercise inflammation can promote increases in strength and fitness after exercise. And so when it’s reduced (say, by using ice baths after exercise) this can lead to smaller training improvements than would be seen otherwise.

    This means active recovery can be used regularly after exercise without the risk of affecting the benefits of the main exercise session.

    There’s evidence to the contrary too

    Not all research on active recovery is positive.

    Several studies indicate it’s no better than simply lying on the couch when it comes to reducing muscle soreness and improving performance after exercise.

    In fact, there’s more research suggesting active recovery doesn’t have an effect than research showing it does have an effect.

    While there could be several reasons for this, two stand out.

    First, the way in which active recovery is applied in the research varies as lot. It’s likely there is a sweet spot in terms of how long active recovery should last to maximise its benefits (more on this later).

    Second, it’s likely the benefits of active recovery are trivial to small. As such, they won’t always be considered “significant” in the scientific literature, despite offering potentially meaningful benefits at an individual level. In sport science, studies often have small sample sizes, which can make it hard to see small effects.

    But there doesn’t seem to be any research suggesting active recovery is less effective than doing nothing, so at worst it certainly won’t cause any harm.

    When is active recovery useful?

    Active recovery appears useful if you need to perform multiple bouts of exercise within a short time frame. For example, if you were in a tournament and had 10–20 minutes between games, then a quick active recovery would be better than doing nothing.

    Active recovery might also be a useful strategy if you have to perform exercise again within 24 hours after intense activity.

    For example, if you are someone who plays sport and you need to play games on back-to-back days, doing some low-intensity active recovery after each game might help reduce soreness and improve performance on subsequent days.

    Similarly, if you are training for an event like a marathon and you have a training session the day after a particularly long or intense run, then active recovery might get you better prepared for your next training session.

    Conversely, if you have just completed a low-to-moderate intensity bout of exercise, it’s unlikely active recovery will offer the same benefits. And if you will get more than 24 hours of rest between exercise sessions, active recovery is unlikely to do much because this will probably be long enough for your body to recover naturally anyway.

    Active recovery may be useful for people with back-to-back sporting commitments.
    Monkey Business Images/Shutterstock

    How to get the most out of active recovery

    The good news is you don’t have to do a lot of active recovery to see a benefit.

    A systematic review looking at the effectiveness of active recovery across 26 studies found 6–10 minutes of exercise was the sweet spot when it came to enhancing recovery.

    Interestingly, the intensity of exercise didn’t seem to matter. If it was within this time frame, it had a positive effect.

    So it makes sense to make your active recovery easy (because why would you make it hard if you don’t have to?) by keeping it in the light-to-moderate intensity range.

    However, don’t expect active recovery to be a complete game changer. The research would suggest the benefits are likely to be small at best.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. ‘Active recovery’ after exercise is supposed to improve performance – but does it really work? – https://theconversation.com/active-recovery-after-exercise-is-supposed-to-improve-performance-but-does-it-really-work-250068

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: ‘Active recovery’ after exercise is supposed to improve performance – but does it really work?

    Source: The Conversation – Global Perspectives – By Hunter Bennett, Lecturer in Exercise Science, University of South Australia

    gpointstudio/Shutterstock

    Imagine you have just finished a workout. Your legs are like jelly, your lungs are burning and you just want to collapse on the couch.

    But instead, you pick yourself up and go for a brisk walk.

    While this might seem counterintuitive, doing some light activity after an intense workout – known as “active recovery” – has been suggested to reduce soreness and speed up recovery after exercise.

    But does it work or is it just another fitness myth?

    What is active recovery?

    Active recovery simply describes doing some low-intensity physical activity after a strenuous bout of exercise.

    This is commonly achieved through low-intensity cardio, such as walking or cycling, but can also consist of low-intensity stretching, or even bodyweight exercises such as squats and lunges.

    The key thing is making sure the intensity is light or moderate, without moving into the “vigorous” range.

    As a general rule, if you can maintain a conversation while you’re exercising, you are working at a light-to-moderate intensity.

    Some people consider doing an easy training session on their “rest days” as a form of active recovery. However, this has not really been researched. So we will be focusing on the more traditional form of active recovery in this article, where it is performed straight after exercise.

    What does active recovery do?

    Active recovery helps speed up the removal of waste products, such as lactate and hydrogen, after exercise. These waste products are moved from the muscles into the blood, before being broken down and used for energy, or simply excreted.

    This is thought to be one of the ways it promotes recovery.

    In some instances active recovery has been shown to reduce muscle soreness in the days following exercise. This may lead to a faster return to peak performance in some physical capabilities such as jump height.

    Active recovery can involve stretching.
    fatir29/Shutterstock

    But, active recovery does not appear to reduce post-exercise inflammation. While this may sound like a bad thing, it’s not.

    Post-exercise inflammation can promote increases in strength and fitness after exercise. And so when it’s reduced (say, by using ice baths after exercise) this can lead to smaller training improvements than would be seen otherwise.

    This means active recovery can be used regularly after exercise without the risk of affecting the benefits of the main exercise session.

    There’s evidence to the contrary too

    Not all research on active recovery is positive.

    Several studies indicate it’s no better than simply lying on the couch when it comes to reducing muscle soreness and improving performance after exercise.

    In fact, there’s more research suggesting active recovery doesn’t have an effect than research showing it does have an effect.

    While there could be several reasons for this, two stand out.

    First, the way in which active recovery is applied in the research varies as lot. It’s likely there is a sweet spot in terms of how long active recovery should last to maximise its benefits (more on this later).

    Second, it’s likely the benefits of active recovery are trivial to small. As such, they won’t always be considered “significant” in the scientific literature, despite offering potentially meaningful benefits at an individual level. In sport science, studies often have small sample sizes, which can make it hard to see small effects.

    But there doesn’t seem to be any research suggesting active recovery is less effective than doing nothing, so at worst it certainly won’t cause any harm.

    When is active recovery useful?

    Active recovery appears useful if you need to perform multiple bouts of exercise within a short time frame. For example, if you were in a tournament and had 10–20 minutes between games, then a quick active recovery would be better than doing nothing.

    Active recovery might also be a useful strategy if you have to perform exercise again within 24 hours after intense activity.

    For example, if you are someone who plays sport and you need to play games on back-to-back days, doing some low-intensity active recovery after each game might help reduce soreness and improve performance on subsequent days.

    Similarly, if you are training for an event like a marathon and you have a training session the day after a particularly long or intense run, then active recovery might get you better prepared for your next training session.

    Conversely, if you have just completed a low-to-moderate intensity bout of exercise, it’s unlikely active recovery will offer the same benefits. And if you will get more than 24 hours of rest between exercise sessions, active recovery is unlikely to do much because this will probably be long enough for your body to recover naturally anyway.

    Active recovery may be useful for people with back-to-back sporting commitments.
    Monkey Business Images/Shutterstock

    How to get the most out of active recovery

    The good news is you don’t have to do a lot of active recovery to see a benefit.

    A systematic review looking at the effectiveness of active recovery across 26 studies found 6–10 minutes of exercise was the sweet spot when it came to enhancing recovery.

    Interestingly, the intensity of exercise didn’t seem to matter. If it was within this time frame, it had a positive effect.

    So it makes sense to make your active recovery easy (because why would you make it hard if you don’t have to?) by keeping it in the light-to-moderate intensity range.

    However, don’t expect active recovery to be a complete game changer. The research would suggest the benefits are likely to be small at best.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. ‘Active recovery’ after exercise is supposed to improve performance – but does it really work? – https://theconversation.com/active-recovery-after-exercise-is-supposed-to-improve-performance-but-does-it-really-work-250068

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: “India’s commitment to Global Maritime Sustainability in sync with PM Narendra Modi’s vision of Viksit Bharat”: Sarbananda Sonowal

    Source: Government of India

    “India’s commitment to Global Maritime Sustainability in sync with PM Narendra Modi’s vision of Viksit Bharat”: Sarbananda Sonowal

    Union Minister Sarbananda Sonowal inaugurates the Green Shipping Conclave, 2025

    Secretary General Arsenio Dominguez highlights Strategic role of India in Global Shipping

    Posted On: 20 FEB 2025 8:54PM by PIB Delhi

    The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal reaffirmed India’s commitment to global maritime sustainability and international cooperation while speaking after inaugurating the Green Shipping Conclave, 2025 in Mumbai today. The conclave was also attended by the Secretary General of International Maritime Organisation (IMO), His Excellency Arsenio Dominguez — a gesture appreciated by the Union Minister Shri Sarbananda Sonowal terming it a new milestone in India and IMO partnership for global maritime sustainability. 

    Speaking at the event, the Union Minister, Shri Sarbananda Sonowal said, “India stands at the forefront of a global maritime revolution—one that prioritise sustainability, innovation, and environmental stewardship. Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi ji, we are not just adapting to change; we are driving it. Through initiatives like the ‘Harit Sagar Green Port Guidelines’, the ‘Green Tug Transition Programme’, and the ‘National Green Hydrogen Mission’, we are transforming our ports and shipping industry into beacons of sustainability. The recently announced ₹25,000 crore Maritime Development Fund is aimed at catalysing investments in green infrastructure, alternative fuels, and fleet modernisation, ensuring that India remains a leader in decarbonisation. Sustainability is not merely a regulatory obligation—it is an economic opportunity and a moral responsibility. As we build strategic green corridors and enhance international collaborations with IMO and BIMSTEC, our message to the world is clear: India is committed to a cleaner, greener, and more resilient maritime future. India committed to Global Maritime Sustainability in sync with PM Narendra Modi ji’s vision of Viksit Bharat.”

    The Green Shipping Conclave, 2025 marked a pivotal moment in India’s green maritime transition. The conclave served as a high-impact platform for policy dialogues, technical discussions, and roundtable meetings, engaging key stakeholders from the industry, government, and academia. Among the significant discussions, the IMO Secretary-General chaired a CEO Round Table on Renewable Energy, focusing on clean fuel investments and green port infrastructure.

    The Union Minister of State, Shri Shantanu Thakur highlighted India’s ambitious green shipping initiatives under the Maritime India Vision 2030 and Amrit Kaal Vision 2047. Speaking on the occasion, Shri Shantanu Thakur said, “India is leading the maritime sector’s green transformation through clean energy, sustainable ports, and innovative shipbuilding. With bold policies, global collaborations, and investments in alternative fuels, we are setting new benchmarks for decarbonisation. Under the visionary leadership of Prime Minister Shri Narendra Modi ji, the ministry has chalked out the Maritime India Vision 2030 and Amrit Kaal Vision 2047, which are the blueprint towards empowering our maritime sector and enabling it to become greener, cleaner and sustainable. Together, we are shaping a resilient, eco-friendly maritime future.”

    Key areas of focus included Green Energy promoting cleaner fuels like green hydrogen, ammonia, biofuels, and LNG through the National Green Hydrogen Mission. It also held discussions on Green Ships with advancements in low emissions, hybrid, and fully electric vessels with the government programmes like Green Tug Transition Programme (GTTP) and Harit Nauka initiative. The conclave also highlighted India’s effort to convergence of Green Ports with policy initiatives like Sustainable Ship Recycling Programme at Alang, adhering to Hong Kong Convention standards.

    His Excellency Arsenio Dominguez, the Secretary General of IMO acknowledged India’s strategic role in global shipping, highlighting its contributions towards sustainable maritime development, alternative energy solutions, and international regulatory collaboration.

    The valedictory session, presided over by the Union Minister Shri Sarbananda Sonowal and Shri Rajesh Kumar Sinha, Additional Secretary, Ministry of Ports, Shipping & Waterways, outlined India’s roadmap for a sustainable maritime future. In his concluding remarks, His Excellency, Arsenio Dominguez reiterated the IMO’s commitment to supporting India’s maritime transition through capacity-building, financial mechanisms, and technical cooperation. The Green Shipping Conclave 2025 and the IMO Secretary-General’s visit reinforced India’s position as a global leader in sustainable maritime practices. These engagements have deepened India-IMO cooperation, paving the way for advancements in decarbonization, alternative fuels, and digital transformation in the maritime industry.

    The Green Shipping Conclave, 2025 was organised by the Ministry of Ports, Shipping & Waterways, the Directorate General of Shipping, the Institute of Marine Engineers (India). The conclave aimed at converging pioneering ideas and perspective to shape India’s leadership in maritime innovation, environmental sustainability and regulatory advancements aligning with the global goals of collective decarbonisation effort.

    ***

    G.D. Hallikeri / Henry

    (Release ID: 2105136) Visitor Counter : 12

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: President von der Leyen at the CARICOM Leaders’ Summit to strengthen partnership between the European Union and the Caribbean

    Source: European Commission

    European Commission Press release Brussels, 20 Feb 2025 During the first-ever visit of a European Commission President to the Caribbean, European Commission President Ursula von der Leyen reaffirmed Europe’s commitment to deepening its relations and partnership with the region.

    At the invitation of Caribbean Community (CARICOM) Chair, Barbados Prime Minister Mia Mottley, President von der Leyen met the 15 leaders of the Caribbean Community during the 48th Regular Meeting of the CARICOM.  The visit aims at further strengthening the EU’s presence in the region and lay the groundwork for the EU-CELAC Summit, planned for later this year.  

    In a new era of harsh geostrategic competition, Europe stands for openness, partnership and outreach. The visit took place in the context of the Commission’s effort to build new partnerships and strengthen old ones, which includes recent agreements with Mercosur, Mexico and Malaysia.

    President von der Leyen said: “Europe and the Caribbean may be an ocean apart, but we are close allies. We share so many interests and values, including our mutual support for Ukraine. Europe stands with the Caribbean countries in the fight against climate change, protecting nature and biodiversity, strengthening trade, and boosting investments through Global Gateway. Europe wants to be a fair and trusted partner for all regions of the world that want to work with us.”

    President von der Leyen also discussed with Caribbean partners the situation in Haiti. She underlined the EU’s commitment to Haiti’s recovery and security and its support to CARICOM efforts in this regard. In this context, a package of €19.5 million EU support was announced during the visit. This new financial support will complement ongoing efforts to deliver essential services to Haitians as well as support the country’s macroeconomic stability.

    President von der Leyen highlighted the EU’s commitment to supporting Caribbean partners in fighting climate change and its devastating impact on the islands. As the leading provider of climate finance, the EU is determined to work together on innovative financing, while promoting private sector investments.

    At global level, the EU and the Caribbean are stepping up their energy partnership following the launch of the Global Energy Transition Forum by President von der Leyen in Davos last month. She welcomed the 8 countries (Barbados, Guyana, Grenada, Haiti, Jamaica, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Dominica)* that joined the forum during the summit, committing to action to meet the global targets of tripling renewable energy capacity and doubling energy efficiency by 2030.

    During the visit, President von der Leyen underscored the reliability of the EU as a trade and investment partner to the region working together on mutually beneficial projects. President von der Leyen launched several projects under Europe’s Global Gateway strategy on renewable energy, digital transformation, pharmaceutical production and economic resilience. The projects will invest in a stronger, greener and better connected Caribbean.

    Key Global Gateway projects in the Caribbean

    Expanding Renewable Energy: Global Gateway energy projects are underway in 13 Caribbean countries, leveraging European expertise, technology, and financing tools. In this context, President von der Leyen and Prime Minister Mottley announced a €160 million green hydrogen storage project by the French company HDF Energy, the first of its kind in the Caribbean.

    Advancing the Digital Agenda: The EU and the Caribbean are strengthening their digital partnership with the signing of a Memorandum of Understanding (MoU) between the Caribbean and the European satellite company Hispasat during the CARICOM meeting. It will improve the Caribbean’s satellite internet connectivity and sovereignty within the framework of the EU–LAC Digital Alliance. As part of this initiative, the EU and Spain will provide a €10 million grant to support satellite broadband expansion and promote digital inclusion across the region.

    Developing Local Pharmaceutical Production: The EU’s €8.9 million investment to promote local production and regulatory alignment with European standards was also taken forward in the framework of the CARICOM meeting. A joint declaration to cooperate on twinning Caribbean and EU regulatory agencies, capacity-building initiatives, and research collaborations was signed during the meeting. Additionally, the first investment from a European pharmaceutical company, Biomed X in Barbados, will support research and manufacturing, further reinforcing the region’s health resilience.

    Supporting Post-Hurricane Reconstruction: As part of the assistance given to Grenada in rebuilding Carriacou and Petite Martinique after Hurricane Beryl, the EU is supporting the islands to become 100% powered by renewable energy. This initiative will serve as a global model for small islands striving for climate resilience.

    Combating the Sargassum Challenge: The EU, in collaboration with regional partners, is transforming the environmental and economic challenge of sargassum seaweed into an opportunity for sustainable development. Through an ongoing €386 million Global Gateway initiative, the EU is working with financial institutions such as the European Investment Bank and the private sector to develop sustainable value chains for sargassum, particularly in Grenada.

    For More Information

    Opening remarks by President von der Leyen at the opening ceremony of the 48th Regular Session of the Conference of CARICOM

    Statement by President von der Leyen at the joint press conference with Barbadian Prime Minister Mottley

    * Updated on 20/02/2025 at 14:55

    Quote(s)

     Europe and the Caribbean may be an ocean apart, but we are close allies. We share so many interests and values, including our mutual support for Ukraine. Europe stands with the Caribbean countries in the fight against climate change, protecting nature and biodiversity, strengthening trade, and boosting investments through Global Gateway. Europe wants to be a fair and trusted partner for all regions of the world that want to work with us.

    Ursula von der Leyen, President of the European Commission

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Great British Energy interim CEO appointed

    Source: United Kingdom – Government Statements

    Dan McGrail has been appointed as the interim Chief Executive Officer of Great British Energy.

    • Dan McGrail appointed as interim CEO of Great British Energy, working from the Aberdeen HQ 
    • Follows recent appointment of five non-executive directors to the start-up board 
    • New leadership will help the company drive forward the government’s Plan for Change and clean energy superpower mission 

    Dan McGrail has been appointed as the interim Chief Executive Officer of Great British Energy, to help drive forward the government’s Plan for Change and clean energy superpower mission.  

    Great British Energy is owned by the British people, for the British people, and will own and invest in clean energy projects across the UK to create good, skilled jobs and growth.   

    Dan McGrail is currently the Chief Executive of RenewableUK, the trade association for businesses developing wind, wave, tidal, storage and green hydrogen projects in the UK, and their supply chain companies. He currently sits on the board for WindEurope and was also previously CEO of Siemens Engines and Managing Director of Siemens Power Generation.  

    He will draw on his wealth of experience in clean energy including wind and thermal power to provide strong leadership and help rapidly scale up the new company so it can start delivering as quickly as possible. 

    This follows the appointment in January of five new non-executive directors to join Chair Juergen Maier on the company’s start-up board, bringing a wide range of experience across different sectors, with knowledge on workplace rights, building UK supply chains and driving investment in clean energy. 

    Energy Secretary Ed Miliband said: 

    With the appointment of Dan McGrail as interim CEO we now have a fantastic team in place to lead Great British Energy and start delivering on our Plan for Change.  

    Great British Energy is at the heart of our clean power mission, and will support thousands of well-paid jobs, drive growth and investment into our communities and deliver energy security for the British people. 

    I look forward to working with Dan as we unlock the benefits of a new era of clean electricity for the British people.

    RenewableUK’s Chief Executive Dan McGrail said:  

    Homegrown, affordable clean power has never been more important and it’s a privilege to take up the role of interim CEO of Great British Energy at such a pivotal moment. 

    Together with the talented leadership team, I’m excited to hit the ground running to scale up the company and work with industry to unleash billions of investment in clean energy, helping to grow new industries at scale with job opportunities for hundreds of thousands of people, as well as helping the government achieve its clean power targets.

    Start-up Great British Energy Chair Juergen Maier said: 

    Dan brings invaluable experience from a long career in clean energy and joins Great British Energy at a critical time to help spearhead our work to help make Britain energy independent.  

    I look forward to working with him to back innovation, create sustainable jobs, and grow our supply chains.

    The Chair of RenewableUK’s Board of Directors Paul Cooley, Director of Offshore Wind at SSE Renewables, said:  

    I am delighted to support Dan in taking on the role of Interim CEO. He has the right combination of leadership skills and energy industry experience to take Great British Energy to its next stage of maturity and he has been an important driving force throughout his career in the sector. He has transformed RenewableUK into a leading voice in the industry and his appointment is a great vote of confidence in the work of the organisation. I am sure that he will establish a strategy at Great British Energy which enables our country to deliver on the amazing opportunities for economic growth and job creation which the clean power transition offers.

    Dan will be based in Scotland, working from the Aberdeen headquarters, and will take up his post in March, on an initial 6-month contract, on secondment from RenewableUK. Recruitment for the permanent CEO will also begin shortly.   

    The government has already announced an unprecedented partnership between Great British Energy and The Crown Estate to unlock investment in clean energy, confirmed Aberdeen will host Great British Energy’s headquarters, and struck a deal with the Scottish Government for the company to work with Scottish public bodies to support clean energy supply chains. The government is also legislating through the Great British Energy Bill to give the company the powers it needs to rapidly deliver.  

    Great British Energy will support the government’s mission for clean power by 2030, with an action plan published in December to get more homegrown clean power to people and provide the foundation for the UK to build an energy system that can bring down bills for households and businesses for good.  

    Background 

    • Dan McGrail took up his post as Chief Executive at RenewableUK in May 2021, and was previously CEO of Siemens Engines. He joined Siemens UK in 2004 and worked in a variety of roles across the energy industry, becoming CEO in 2017.  
    • More information on the non-executive directors: https://www.gov.uk/government/news/great-british-energys-start-up-board-appointed  
    • The Great British Energy Bill is currently going through the House of Lords and is at the Committee Stage.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Haffner Energy and ATOBA Energy collaborate to unlock the SAF value chain and scale the market

    Source: GlobeNewswire (MIL-OSI)

    This strategic partnership secures long-term offtake agreements, unlocking financing and accelerating the scale-up of SAF production.               

     

    Vitry-le-François, France / Lyon, France (February 20, 2025, 6:00pm CEST)

    Haffner Energy, a leading solid biomass-to-clean fuels solutions provider, and ATOBA Energy, a SAF aggregator committed to unlocking the Sustainable Aviation Fuel (SAF) value chain by solving the financial dilemma between producers and final offtakers, are joining forces to accelerate the development of SAF projects and facilitate their financing, they announced today.

    France-based Haffner Energy relies on its 31-year experience to design, manufacture, supply, license, and operate proprietary disruptive clean fuels solutions, including critical technology for SAF production, using all types of biomass residues wet or dry, such as agricultural and municipal waste. The company has already announced the development of a couple of SAF projects, notably Paris-Vatry SAF in France, where full scale production is expected to be reached by 2030 when the next stage of the European SAF mandate kicks in. Partnering with SAF aggregator ATOBA will significantly enhance SAF offtake then.

    “We are particularly excited about this partnership with ATOBA, as it will facilitate the financing of our SAF projects, starting with Paris-Vatry. One of the most crucial challenges in securing financing for SAF production facilities is the ability to obtain offtake contracts that guarantee the purchase of SAF at a stable, price for periods exceeding five years. The key advantage provided by ATOBA is that it offers this guarantee while significantly reducing risks and commitments for airline clients. This will facilitate and accelerate their engagement in SAF procurement. As such, it is a win-win model for all stakeholders and we are extremely pleased that ATOBA has identified us as a strategic and unique player in the SAF ecosystem”, said Haffner Energy co-founder and CEO Philippe Haffner.

    Indeed, the SAF market is facing challenges in expanding at the rate demanded by environmental needs and regulatory mandates. While producers need long-term, stable pricing contracts to amortize their investments, airlines seek assurance of optimum market prices in the context of a still-immature industry with diverse competing technologies. This conflict of expectations currently hinders the development of SAF production projects, and ATOBA’s unique business model brings the solution.

    “We are delighted to launch an offtake agreement with Haffner Energy, a company that has demonstrated for decades the quality and robustness of its biomass transformation technological and industrial solutions. Haffner Energy plays a key role in unlocking second-generation feedstocks, which are essential for both Alcohol-to-Jet and Gas Fischer-Tropsch SAF pathways. At ATOBA, we strongly believe that a variety of technologies and pathways are required to meet our aviation decarbonization targets, as the best production route and feedstock depend on the specific regional characteristics. Having Haffner Energy in our portfolio of SAF producers is an essential brick in our aggregation strategy, reinforcing our ability to provide diversified, reliable, and scalable SAF solutions to the market”, highlighted ATOBA Energy co-founder and CEO Arnaud Namer.

    Also based in France, ATOBA uniquely unlocks the SAF financial stalemate through its upstream and downstream SAF offtake portfolio management. By offtaking from diversified producers and technologies like Haffner Energy, ATOBA mitigates technological and pricing risks associated with the various SAF production pathways, and enables the closing of long-term offtake agreements among airlines, jet-fuel distributors, SAF producers, and financial institutions, which are essential for scaling the industry.

     

    About Haffner Energy

    Haffner Energy designs, manufactures, supplies, and operates biofuel and hydrogen solutions using biomass residues. Its innovative, patented thermolysis technology produces Logo Blue ATOBA Energy – small Sustainable Aviation Fuel, as well as renewable gas, hydrogen, and methanol. The company also contributes to regenerating the planet through the co-production of biogenic CO2 and biochar. A family-owned company co-founded 32 years ago by Marc and Philippe Haffner, Haffner Energy has been working from the outset to decarbonize industry and all forms of mobility, as well as governments and local communities. Further information is available at www.haffner-energy.com.

     

    About ATOBA Energy

    ATOBA is the midstream Sustainable Aviation Fuel (SAF) aggregator focused on accelerating the aviation industry’s energy transition through solving the financial dilemma between airlines and producers. ATOBA provides long-term SAF contracts to airlines and jet-fuel resellers at optimized market SAF pricing indexes. The company brings high security and competitiveness to the SAF supply chain for its airline partners via offtake from diversified producers and technologies, as well as best-in-class sector expertise. Simultaneously, ATOBA’s aggregation strategy allows the SAF industry to scale by providing producers with long-term offtake agreements that support their Final Investment Decisions for their  SAF production plants. Further information is available at www.atoba.energy

     

    Media relations

    Haffner Energy laetitia.mailhes@haffner-energy.com  tel. +33 (0)6 07 12 96 76

     ATOBA Energy press@atoba.energy  tel. +33 (0)6 11 65 92 74

    Investor relations

    Haffner Energy investisseurs@haffner-energy.com 

    ATOBA Energy investors@atoba.energy tel. +1 310 874 7871    

     

    Attachment

    The MIL Network –

  • MIL-OSI Economics: ACP Announces 2025 Board of Directors

    Source: American Clean Power Association (ACP)

    Headline: ACP Announces 2025 Board of Directors

    WASHINGTON, D.C., February 20, 2025 — The American Clean Power Association (ACP), the clean energy industry’s leading trade organization, has announced its new 2025 Officers, Board of Directors, and Executive Committee.  
    ACP’s new Board features executives from diverse industries investing in America, including leaders across solar, storage, offshore and land-based wind, clean hydrogen, and transmission, as well as manufacturers, financial firms, utilities, construction companies, and developers. 
    “After many years with the organization, I am honored to now serve as ACP Board Chair and eager to tackle the challenges facing the renewable energy industry,” said Laura Beane, ACP Board Chair and President of Vestas North America. “Our nation requires an all-of-the-above energy approach to drive development, strengthen U.S. energy dominance, and create generational jobs for Americans across the country. I believe this Board is well-equipped to deliver solutions that will advance our priorities and accelerate domestic energy growth to meet the surge in demand.”   
    The new Board and Officers were approved at ACP’s February Board meeting and will serve a one-year term. They include:   
    Chair: Laura Beane, President, Vestas North America    
    Chair-Elect: David Carroll, Chief Renewables Officer, ENGIE North America 
    Treasurer: Brian Van Abel, Executive Vice President and Chief Financial Officer, Xcel Energy  
    Secretary: David Hardy, Global Chief Commercial Officer, GE Vernova Wind 
    “During a period of rapid demand growth and a push for American energy dominance, leadership in the energy industry has never been more consequential. The 2025 ACP Board represents a wide-ranging group of strong leaders who are meeting the moment,” said ACP CEO Jason Grumet. “Harnessing America’s diverse energy resources is essential to our national security and global power. The ACP Board encourages collaboration across all energy sectors and will drive the policies and innovations needed to contribute to an all-of-the-above energy strategy, strengthen our economy, and secure America’s energy future.” 
    The ACP Board has also selected a new Executive Committee. Along with the Officers, the committee will include executives from these clean energy-focused companies: 
    AES Clean Energy: Kleber Costa, Chief Commercial Officer 
    Array Technologies: Kevin Hostetler, Chief Executive Officer 
    Avangrid Renewables: Puneet Verma, Vice President, Federal Government Affairs 
    BHE Renewables: Alicia R. Knapp, President and CEO 
    Dominion Energy: Mark Mitchell, SVP of Project Construction 
    ENGIE North America: David Carroll, Chief Renewables Officer 
    Fluence: John Zahurancik, President Americas 
    Form Energy: Mateo Jaramillo, CEO and Co‐Founder 
    GE Vernova Wind: David Hardy, Global Chief Commercial Officer 
    Grid United: Alistair Vickers, Chief Operating Officer 
    Intersect Power: Sheldon Kimber, CEO, Founder 
    Invenergy: Jim Murphy, President & Co-Founder 
    ITC Holdings Corp.: Krista Tanner, President 
    LS Power: Paul Segal, Chief Executive Officer 
    NextEra Energy Resources, LLC: Philip A. Musser, Vice President – Head of Government Affairs 
    Southern Power: John L. Pemberton, Senior Vice President, Chief Compliance Officer & General Counsel 
    Vestas North America: Laura Beane, President 
    Xcel Energy: Brian Van Abel, EVP & CFO 
    Ex Officio Roles 
    HASI: Susan D. Nickey, Executive Vice President & Chief Client Officer 
    Ørsted Wind Power North America LLC: Amanda Dasch, CEO Region Americas 
    The 2025 ACP Board of Directors also includes:  
    American Electric Power: Greg Hall, Executive Vice President & Chief Commercial Officer 
    Apex Clean Energy Inc.: Ken Young, President and Chief Executive Officer 
    Clearway Energy Group: Craig Cornelius, President and CEO 
    Cypress Creek Renewables LLC: Sarah Slusser, CEO 
    EDF Renewables North America: Tristan Grimbert, President & Chief Executive Officer 
    EDP Renewables North America LLC: Sandhya Ganapathy, CEO 
    energyRe: Miguel Prado, Chief Executive Officer 
    Eolian: Stephanie Smith, COO 
    Equinor: Molly Morris, President, Renewables Americas 
    Leeward Renewable Energy, LLC: Jason Allen, Chief Executive Officer 
    LG Vertech: Jaehong Park, President and CEO 
    MasTec Inc.: Jose Mas, CEO 
    Mortenson: Mark Donahue, Executive Vice President 
    Nextracker: Dan Shugar, Founder and CEO 
    Nordex Group: Manav Sharma, Chief Executive Officer – North America 
    Pattern Energy Group Services, LP: Hunter Armistead, Chief Executive Officer 
    Pine Gate Renewables: Ben Catt, CEO 
    Quanta Services: B.J. Ducey, President of Strategic Operations 
    RWE Clean Energy: Andrew Flanagan, CEO 
    Shell New Energies US LLC: Nick Lincon, VP Onshore Renewables North America & President, Savion 
    SOLV Energy: George Hershman, Chief Executive Officer 
    TPI Composites, Inc.: Bill Siwek, President and CEO 
    WECS Renewables: Theresa Eaton, CEO, Chair & Owner 
    Xcel Energy: Brian Van Abel, EVP & CFO 

    MIL OSI Economics –

  • MIL-OSI USA: Sens. Moran, Coons Introduce Legislation to Provide Financing Options for New Energy Projects

    US Senate News:

    Source: United States Senator for Kansas – Jerry Moran

    WASHINGTON – U.S. Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.) reintroduced the Financing Our Energy Future Act, which expands certain financing tools to all types of energy resources and infrastructure projects. The legislation would allow renewable energy resources and infrastructure projects to form as master limited partnerships (MLPs), a tax structure currently only available to traditional energy projects.

    Newly eligible energy sources would include advanced nuclear, sustainable aviation fuel (SAF), hydrogen, biodiesel, biomass, carbon capture and more.

    “Being energy independent requires an all-of-the-above approach to energy production,” said Sen. Moran. “Emerging renewable energy companies currently do not have access to a number of tax incentives available to other energy companies. Expanding these incentives to more companies will increase U.S. energy production, spur innovation and help reduce prices for consumers.”

    “At a time when the United States needs to boost domestic energy production, Congress should ensure all energy sources are competing on a level playing field,” said Sen. Coons. “The Financing our Energy Future Act is a straightforward, bipartisan solution that will bolster investment in American energy projects, create good-paying jobs, and accelerate our transition to cleaner energy sources.”

    “NIA thanks Senator Coons and Moran for recognizing the role master limited partnerships can play in supporting our nation’s advanced nuclear energy leadership,” said Judi Greenwald, Executive Director of the Nuclear Innovation Alliance. “Their bipartisan Master Limited Partnerships legislation will help commercialize important innovations in advanced nuclear energy and other key technologies, increase U.S. competitiveness, and create jobs.”

    The Energy Infrastructure Council commends Senators Moran and Coons, along with Representatives Estes and Thompson, for their leadership in introducing the Financing Our Energy Future Act (FOEFA),” said Lori Ziebart, President and CEO of the Energy Infrastructure Council. “This bipartisan legislation is one step that Congress can take this year to grow the energy economy to benefit all working-class Americans. It expands the master limited partnership (MLP) structure to include new and emerging energy sources such as hydrogen, alternative energy, carbon capture and sequestration, and renewable fuels. The MLP structure has proven to be an efficient, cost-effective method for raising capital to support the development of critical energy infrastructure and provides individuals another vehicle to invest in energy infrastructure similar to real estate investment through REITS. Expanding this framework is essential as all energy sources will be needed to ensure a reliable and secure energy future. This expansion deepens the capital pool, improves market efficiency, creates jobs and drives down costs of energy in a way that will help all Americans.”

    “To strengthen its economic base and create more reliable and affordable energy, the U.S. needs tax policies that reflect the depth and breadth of America’s energy sector,” said Frank Macchiarola, American Clean Power (ACP) Association Chief Advocacy Officer. “The Financing Our Energy Future Act offers an innovative, logical approach to that challenge that will make America’s energy sector stronger and better able to serve the needs of the nation.”

    “BPC Action applauds the introduction of the Financing Our Energy Future Act, an important step in incentivizing the deployment of innovative energy technologies to increase U.S. economic growth and global competitiveness,” said Michele Stockwell, President of Bipartisan Policy Center Action (BPC Action). “We commend Sens. Moran (R-KS) and Coons’ (D-DE) bipartisan leadership to level the playing field for novel energy projects—including around carbon capture, utilization, and storage (CCUS), energy storage, advanced nuclear, and waste-to-energy—to have the same tax-advantaged structures currently available to fossil fuels.”

    “As the U.S. enters a period of increasing demand growth, it is important to include all forms of reliable energy in advantageous tax and financing structures to accelerate deployment and ensure grid reliability,” said Jeremy Harrell, CEO of ClearPath Action. “We are excited to see advanced nuclear included in this proposal to help catalyze the next-generation of advanced reactors through access to master limited partnerships.”

    An MLP is a business structure that is taxed as a partnership but whose ownership interests are traded like corporate stock on a market. By statute, MLPs are currently only available to investors in energy portfolios for oil, natural gas, coal extraction and pipeline projects. For projects to be an MLP, at least 90 percent of the project’s income must come from these sources. This legislation would amend the Internal Revenue Code to extend the publicly traded partnership ownership structure to renewable energy power generation projects.

    The senators are joined in introducing this legislation by Sens. Susan Collins (R-Maine), John Barrasso (R-Wyo.), Roger Marshall (R-Kan.), John Cornyn (R-Texas), Angus King (I-Maine), John Curtis (R-Utah), Kevin Cramer (R-N.D.), Pete Ricketts (R-Neb.) and Mark Warner (D-Va.).

    The full legislation can be read here.

    MIL OSI USA News –

  • MIL-OSI Europe: Statement by President von der Leyen at the joint press conference with Barbadian Prime Minister Mottley

    Source: European Commission

    European Commission Statement Bridgetown, 19 Feb 2025 Prime Minister, dear Mia,
    Thank you for hosting me here in Barbados. It is indeed the first time that I am here, it is fantastic. It is a big pleasure to join you and our partners at this CARICOM Summit. I have crossed the Atlantic to share with you how much Europe values its partnership with the Caribbean. We live in an unpredictable world. In these times, it is more important than ever to stick together; to stand up for our values; and to deepen ties with friends.

    Despite being an ocean apart, Europe and the Caribbean are very close at heart. We are strong and vibrant democracies; we are convinced that it is of big importance to defend multilateralism and the rule of law; we believe in freedom and the right of people to choose their own future. This is why you have been standing with Ukraine since the very beginning of the war. Ukraine is a future member of the European family. So supporting them means also supporting us. And it is important to also call for a just peace not only in Ukraine but also in the Middle East, in Sudan and Haiti, which is what you have always done.

    While sharing our values, we also face some of the same challenges. When devastating hurricanes sweep through your islands, like hurricane Beryl last July, Europe wants to be by your side: We provide emergency support to those who have lost everything, we are rebuilding together. Actually, we are currently supporting Grenada to rebuild Carriacou and Petite Martinique with the goal of making the islands 100% powered by renewable energy. And we have just discussed how to strengthen our cooperation in resilience and preparedness, so to work closer together to have a foresight when these natural disasters and extreme weather events, which are often related to climate change, hit.

    We know that the fight against climate change is truly existential. In the face of hardship, the Caribbean are showing incredible leadership. Especially you, my dear Mia. You have amplified the voice of small island nations on the global stage, for the benefit of all humanity. This was key, for example, to the launch of the Loss and Damage Fund together at COP29. It amounts to almost USD 750 million in pledge, half of it covered by Europe and its Member States. Because climate financing is another very important challenge. Europe is the leading provider. We contribute well beyond our fair share of the USD 100 billion annual target.

    But we know that given the scale of the transition and its urgency, we need new and innovative financing tools – in addition – like green bonds and carbon and nature credits, for example, which is what we are working on. And we need to bring the private sector fully on board, with a smarter use of private and public funds. With your Bridgetown Initiative, dear Mia, you are leading the way to making green and development financing fairer, more accessible and more affordable so that the climate targets can be met.

    Another initiative you mentioned is renewable energy. At COP28 we agreed on global targets for renewables and energy efficiency. We want to triple renewable energy and double energy efficiency by 2030. To implement these goals, we created the Global Energy Transition Forum, because only what gets measured gets done, and we really need that the goals on paper are achieved on the ground. And this year, Barbados joined the Global Energy Transition Forum, I am very glad about that, that is great. It will allow us to deliver concrete projects on the ground and unlock more investment for the transition. And I hope that many Caribbean nations will follow your example.

    This brings me to our bilateral work. The starting point for us is our investment programme Global Gateway. That is the investment programme abroad for partners. It is already at work – here in Barbados and across the Caribbean. Together with Hydrogen de France we have just signed the first green hydrogen storage project in Barbados. What is important is that renewable energy is homegrown, and therefore it is cheaper: It gives you energy independence and it gives you energy security, and it is the energy of the future, because it is clean energy.

    We are, as you said, also working on the health sector. I think both of us have learnt our bitter lessons during COVID-19 and how vulnerable we are. And therefore, we support your pharmaceutical sovereignty. It means vaccines and medication produced in the Caribbean, for the Caribbean, but also to be a hub for the rest of the world. We have just signed a biomedical partnership between BioMedX, a European biotech company, and Barbados. And tomorrow, we will launch ‘PharmaNext’, a project that really boosts innovation and investments across the Atlantic. Because it also aligns the regulatory environment that is so important to move forward.

    We have other great projects in the Caribbean. One has really caught my attention: In Barbados and Grenada, we are turning the sargassum threat into an opportunity, and I think it is really smart. We are working to transform this harmful alga into fertiliser, biomass and even cosmetics.This project has, and this is phenomenal, the potential to leverage almost EUR 400 million in investments. And actually, we are bringing thus a harmful alga, fighting a harmful alga but turning it into an opportunity that brings revenue. So it could not be better. Finally, we are bringing the Caribbean closer together and closer to us – with digital connectivity. Tomorrow, we will commit with Spain to deliver high-speed internet via satellite to even the most remote communities here. So the last kilometre that is always so difficult, we are going to manage that now via satellite.

    To me, the spirit of Global Gateway is needed more than ever. We are investing in value chains, skills and jobs. We are sharing knowledge and technology for the benefit of both sides. We are looking into a long-term and trusted partnership. And we are convinced that a win-win situation is the most beneficial for our people and our economy.

    Thank you very much again for having me here.

    MIL OSI Europe News –

  • MIL-OSI: SBM Offshore Full Year 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, February 20, 2025

    Record-level results, increasing total shareholder returns

    Highlights

    • Record Directional1 Revenue of US$6.1 billion (+35%), in line with guidance
    • Record Directional EBITDA of US$1.9 billion (+44%), in line with guidance
    • Record US$35.1 billion Directional backlog; US$9.5 billion or EUR51.6/share2 Directional net cash backlog3
    • 30% increase in cash return to US$1.59 per share4: US$155 million dividend5; US$150 million share repurchase6
    • US$1.7 billion cash return to shareholders over the coming 6 years
    • 2025 Directional Revenue guidance of above US$4.9 billion
    • 2025 Directional EBITDA guidance of around US$1.55 billion
    • Completion of FPSO Prosperity and Liza Destiny sales in Q4 2024
    • FPSO Almirante Tamandaré achieved first oil on February 15, 2025

    SBM Offshore’s 2024 Annual Report can be found on its website under: Annual Reports – SBM Offshore

    Øivind Tangen, CEO of SBM Offshore, commented:
            
    “SBM Offshore has delivered excellent results in 2024 with a record-level directional revenue of US$6.1 billion and record-level directional EBITDA of US$1.9 billion, reflecting three new awards and the purchases of FPSOs Prosperity and Liza Destiny by ExxonMobil Guyana. Thanks to the addition of three new awards, we ended the year with a record US$35.1 billion backlog. From this we expect to generate US$9.5 billion net cash, equivalent to almost 52 euro per share2. Based on this strong performance, we are increasing our fixed cash return by 30% to US$1.59 per share4 through a proposed US$155 million dividend5 and US$150 million share repurchase6 program. At this level we will deliver a minimum US$1.7 billion cash return to shareholders over the next 6 years.

    Our Fast4Ward® program is setting the pace for deepwater developments. FPSO Almirante Tamandaré achieved first oil on February 15, 2025. This vessel, which benefits from emission reduction technologies, is the largest operating unit in Brazil. Two additional units are on track to achieve first oil in 2025. First, FPSO Alexandre de Gusmão which sailed-away at the end of 2024, followed by FPSO ONE GUYANA. These three units have a combined capacity of 655,000 barrels of oil per day. With these achievements, we are further de-risking our construction portfolio.

    We strive for excellence both in terms of project execution and asset management. Our lifecycle approach in the FPSO market is unique and the focus on continuous improvement is setting a strong foundation for success. The outlook for new deepwater projects is strong given their low break-even prices and low emission intensity. In the next three years, we see 16 projects in the
    Company’s core market of large and complex FPSOs, driven by the promising prospects in Brazil, Guyana, Suriname and Namibia. We have ordered our 10th MPF hull giving us two hulls to support tendering activities. We will remain disciplined in selecting the highest quality projects.

    As the world’s ocean-infrastructure expert we are using our experience to further diversify and decarbonize the solutions we offer. In 2024, we created a joint venture, Ekwil, with Technip Energies to enhance our floating offshore wind product offering, and in early 2025 we completed a minority equity investment in Ocean-Power to offer lower-emission power solutions. We are now able to offer a market ready near-zero emission FPSO and were recently awarded a contract by Petrobras to qualify SBM’s Carbon Capture Module technology for FPSOs.”

    Financial Overview7

        Directional   IFRS
                     
    in US$ million   FY 2024 FY 2023 % Change   FY 2024 FY 2023 % Change
    Revenue   6,111 4,532 35%   4,784 4,963 -4%
    Lease and Operate   2,369 1,954 21%   2,074 1,563 33%
    Turnkey   3,743 2,578 45%   2,710 3,400 -20%
    EBITDA   1,896 1,319 44%   1,041 1,239 -16%
    Lease and Operate   1,261 1,124 12%   842 695 21%
    Turnkey   724 296 145%   287 646 -56%
    Other   (89) (101) -12%   (88) (101) -13%
    Profit attributable to Shareholders   907 524 73%   150 491 -69%
    Earnings per share (US$ per share)   5.08 2.92 74%   0.84 2.74 -69%
                     
    in US$ billion   FY 2024 FY 2023 % Change   FY 2024 FY 2023 % Change
    Pro-forma Backlog   35.1 30.3 16%   – – –
    Net Debt   5.7 6.7 -15%   8.1 8.7 -7%

    Directional revenue increased by 35% to US$6,111 million compared with US$4,532 million in 2023. This increase is driven by the Directional Turnkey revenue which rose to US$3,743 million in 2024 compared with US$2,578 million in 2023. This 45% increase stems from (i) the sale of FPSOs Prosperity and Liza Destiny completed respectively in November and December 2024, (ii) the progress on awarded contracts for the FPSOs Jaguar and GranMorgu, (iii) the 13.5% divestment to CMFL completed in October 2024, and (iv) the increased support to the fleet through brownfield projects. This increase was partly offset by a reduction in charter revenues following (i) the sale of FPSO Liza Unity in November 2023, (ii) the completion of FPSO Prosperity during the last quarter of 2023 as well as a delay in the start-up of FPSO Sepetiba early 2024, and (iii) a comparatively lower level of progress on both FPSOs Almirante Tamandaré and Alexandre de Gusmão as those projects approached completion in 2024.

    Directional Lease and Operate revenue stood at US$2,369 million compared with US$1,954 million in the year-ago period. This 21% increase mainly reflects (i) FPSO Prosperity joining the fleet during the last quarter of 2023 and Sepetiba joining the fleet in January 2024, (ii) a higher contribution of FPSOs N’Goma, Saxi Batuque and Mondo following the acquisition of interests held by Sonangol mid-2024, and (iii) an increase in reimbursable scope. This was partly offset by FPSO Liza Unity only contributing in 2024 as an operating contract following the purchase of the unit by ExxonMobil Guyana at the end of 2023.

    Directional EBITDA amounted to US$1,896 million, which is a 44% year-on-year increase compared with US$1,319 million in 2023. This was mostly attributable to the Turnkey segment which increased by over US$400 million to US$724 million in 2024. Directional Turnkey EBITDA was mainly impacted by (i) the same drivers as for Directional Turnkey revenue (except that being at relative early stages of completion, FPSO Jaguar only contributed marginally to Turnkey EBITDA and FPSO GranMorgu not at all), and (ii) a reduced investment on Floating Offshore Wind projects following the implementation of Ekwil Joint Venture in partnership with Technip Energies.

    Directional Lease and Operate EBITDA stood at US$1,261 million for the year-ended 2024 compared with US$1,124 million in the previous year. The 12% increase reflects (i) the same key factors as for Directional Lease and Operate revenue, (ii) the net gain on the acquisition of interests held by Sonangol in 3 FPSOs and the divestment in the parent company of the Paenal shipyard in Angola, and (iii) the dividends related to FPSO N’Goma partially offset by (iv) additional non-recurring maintenance costs for the fleet under operation.

    The other non-allocated costs charged to EBITDA amounted to US$(89) million in 2024, a US$(12) million improvement compared with the previous period mainly due to the one-off impact of US$11 million of restructuring costs in 2023.

    During the last quarter of 2024, the Company performed a review of revised estimates of cash flow, maintenance and repair costs. Based on this analysis, actual values and future cash flows related to FPSO Cidade de Anchieta were re-estimated leading to an impairment charge of US$(39) million, accounted for in the 2024 results.

    Directional net profit increased by over 70% standing at US$907 million in 2024, or US$5.08 per share, mainly reflecting the increase in Directional EBITDA.

    Liquidity, Funding and Directional Net Debt

    The Company’s financial position has remained strong as a result of the cash flow generated by the fleet, as well as the positive contribution of the Turnkey activities.

    Directional Net debt decreased by US$(936) million to US$5,719 million at year-end 2024. This was driven by the repayment of the FPSOs Prosperity and Liza Destiny financings, the proceeds from the sale of the vessels and the Lease and Operate segment’s strong operating cash flow. This was partially offset by drawings on project financing facilities to fund the construction portfolio. The Company drew on the project finance facilities for FPSO ONE GUYANA, FPSO Almirante Tamandaré and FPSO Alexandre de Gusmão; additionally, the US$1.5 billion construction financing for FPSO Jaguar was signed and partly drawn in November 2024.

    More than a third of the Company’s Directional debt for the year-ended 2024 consisted of non-recourse project financing (US$2.2 billion) in special purpose investees. The remainder (US$4 billion) consisted mainly of borrowings to support the ongoing construction of 3 FPSOs which will become non-recourse following achievement of first oil. The project loan for FPSO Jaguar will be repaid following completion of construction. The Company’s RCF was drawn for US$500 million as at December 31, 2024 and the Revolving Credit Facility for MPF hull financing was drawn for US$89 million.

    Directional cash and cash equivalents amounted to US$606 million and lease liabilities totaled US$93 million at December 31, 2024.

    Cash and undrawn committed credit facilities amount to US$2,639 million at December 31, 2024.

    Directional Pro-Forma Backlog

    Change in ownership scenarios and lease contract duration have the potential to significantly impact the Company’s future cash flows, net debt balance as well as the profit and loss statement. The Company therefore provides a pro-forma Directional backlog based on the best available information regarding ownership scenarios and lease contract duration for the various projects.

    The pro-forma Directional backlog at the end of December 2024 increased by US$4.8 billion to a total of US$35.1 billion. This was mainly the result of (i) the FPSO Jaguar contract awarded in April 2024, (ii) the FSO Trion contract awarded in August 2024, and (iii) the FPSO GranMorgu contract awarded in November 2024, partially offset by (iv) turnover for the period which consumed approximately US$6.1 billion of backlog (including the sale of FPSO Prosperity completed in November 2024 and the sale of FPSO Liza Destiny completed in December 2024, in advance of the initial lease terms which were respectively in November 2025 and in December 2029), and (v) the 13.5% divestment to CMFL completed in October 2024, which was not reflected in the pro-forma Directional backlog end of 2023. The Company’s backlog provides cash flow visibility up to 2050.

    in US$ billion   Turnkey Lease & Operate Total
    2025   2.6 2.3 4.9
    2026   1.6 2.6 4.2
    2027   3.3 2.1 5.4
    Beyond 2028   0.2 20.3 20.5
    Total pro-forma Directional backlog   7.7 27.3 35.1

    The pro-forma Directional backlog at the end of 2024 reflects the following key assumptions:

    • The FPSO ONE GUYANA contract covers a maximum lease period of 2 years, within which the ownership of the FPSO will transfer to the client. The impact of the subsequent sale is reflected in the Turnkey backlog.
    • The FPSO Jaguar contract awarded to the Company in April 2024 covers the construction period within which the FPSO ownership will transfer to the client and is reported in the Turnkey backlog.
    • 10 years of operations and maintenance are considered for FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA following signature of the Operations & Maintenance Enabling Agreement in 2023. Regarding FPSO Jaguar, the pro-forma Directional backlog includes the operating and maintenance scope for 10 years as it has been agreed in principle, pending a final work order. This is consistent with prior years.
    • The FPSO GranMorgu contract awarded to the Company in November 2024 covers the construction period within which the FPSO ownership will transfer to the client and is reported in the Turnkey backlog.
    • The FSO Trion contract awarded to the Company in August 2024 is considered for 20 years in lease and operate contracts at the Company ownership share at year-end (100%).
    • The transaction with MISC Berhad related to the FPSO Espírito Santo and FPSO Kikeh announced on September 6, 2024, and completed on January 31, 2025, has been reflected in the pro-forma Directional backlog.

    Project Review and Fleet Operational Update

    Project Client/Country Contract SBM Share Capacity, Size Percentage of Completion Project delivery
    FPSO Alexandre de Gusmão Petrobras
    Brazil    		 22.5-year L&O 55% 180,000 bpd >75% 2025
    FPSO ONE GUYANA ExxonMobil
    Guyana    		 2-year BOT 100% 250,000 bpd >75% 2025
    FPSO Jaguar ExxonMobil
    Guyana    		 Sale & Operate 100% 250,000 bpd >25% <50% 2027
    FSO Trion Woodside 20-year Lease 100% n/a <25% n/a8
    FPSO GranMorgu TotalEnergies Sale & Operate 52% 220,000 bpd <25% 2028

    Projects are on track with one major delivery achieved in early 2025. After successful completion of the offshore commissioning activities, FPSO Almirante Tamandaré achieved first oil on February 15, 2025. An update on the individual ongoing projects is provided below considering the latest known circumstances.

    FPSO Alexandre de Gusmão – In December 2024, the vessel safely departed from the yard in China after successful completion of the onshore topsides’ integration and commissioning phase. The FPSO is on its way to Brazil. First oil is expected mid-2025.

    FPSO ONE GUYANA – Integration activities are completed and project teams are finalizing commissioning activities. First oil is expected in the second half of 2025.

    FPSO Jaguar – The Fast4Ward® MPF hull has been safely delivered and arrived in Singapore in preparation for the remaining vessel activities. The topside modules fabrication in Singapore continues as planned. First oil is expected in 2027.

    FSO Trion – Engineering and procurement are progressing in line with project schedule.

    FPSO GranMorgu – The Fast4Ward® MPF hull has been safely delivered. Engineering and procurement are progressing in line with project schedule.

    Fast4Ward®MPF hulls – Under the Company’s successful Fast4Ward® program, the 10th MPF hull has been ordered. 4 Fast4Ward® MPF hulls are in operation, another 4 allocated to projects and 2 reserved as part of tendering activities driven by the strong FPSO market outlook.

    Contract extension – The Company has agreed a contract extension related to the lease and operation of FPSO Saxi Batuque up to June 2026.

    Fleet Uptime – The fleet’s uptime was 95.9% in 2024.

    Safety and Sustainability

    Safety – The Total Recordable Injury Frequency Rate (“TRIFR”) year-to-date was 0.10, 17% below the yearly target of below 0.129, notwithstanding the high level of activity.

    Fleet emissions – For 2024, the Company set a target to further optimize operational excellence on the FPSOs for which it provides operations and maintenance services amounting to a maximum absolute volume of gas flared below 1.57 mmscft/d as an overall FPSO fleet average during the year. As of December 31, 2024, SBM Offshore outperformed this target with the actual being 1.33 mmscft/d, a 15% improvement compared with 2024 target and mainly driven by a continued focus on reducing the number of unplanned events in its operated fleet.

    Sustain-2 Notation – FPSO Liza Unity is the 1st FPSO which has received a Sustain-2 Notation by American Bureau of Shipping. This sustainability certificate recognizes the Company’s efforts in minimizing environmental impacts over the lifecycle of the FPSO including the use of low carbon technologies as well as the focus on workers’ wellbeing.

    ESG ratings – In recognition of the Company’s continued focus on sustainability, MSCI has improved SBM Offshore’s rating from AA in 2023 to AAA in 2024 and Sustainalytics included the Company in its 2024 ESG Industry Top Rated, with the Company ranking 2nd out of 106 industry peers.

    Sustainable recycling – The Deep Panuke Production Field Center recycling project reached completion in Nova Scotia, Canada, in early 2024 with 97% of the waste materials were sold, recycled or reused and the remainder 3% was safely disposed of. As for the FPSO Capixaba project, following the handover to M.A.R.S., the Company continues to monitor the safe execution of the decommissioning which is expected to reach completion in 2026.

    Blue Economy

    SBM Offshore is a blue economy company aiming to manage ocean resources for economic growth while preserving ecosystems. Using its deepwater expertise, the Company is advancing technologies focusing on decarbonizing and diversifying its ocean infrastructure solutions. Ranging from floating offshore wind to offshore hydrogen and ammonia, SBM Offshore remains selective and disciplined in developing innovative solutions and investing in new ocean infrastructure solutions.

    Provence Grand Large – The three floating offshore wind turbines that were installed by SBM Offshore at the end of 2023 for the Provence Grand Large project, jointly owned by EDF Renewables and Maple Power, were fully commissioned and started production in 2024.

    Floventis Energy Ltd – In December 2024, SBM Offshore reached an agreement with Cierco Energy to sell its shares in the joint venture company Floventis Energy Ltd, thus transferring the ownership of both Cademo and Llŷr Floating Wind projects to Cierco Energy. As planned, following the advancement of these pioneering projects and acquiring valuable knowledge in the offshore wind market, the Company will continue to concentrate its efforts on the remaining two larger scale projects in its portfolio.

    emissionZERO®program – SBM Offshore continues to address FPSO emissions reduction through its emissionZERO® program and is offering a market-ready near zero emission FPSO for 2025, featuring advanced technologies such as carbon capture, combined cycle gas turbines and deepwater intake risers.

    Carbon Capture Module – SBM Offshore has been awarded a contract by Petrobras to qualify SBM’s Carbon Capture Module technology for FPSOs. The Carbon Capture Module for post combustion removal of CO2 from gas turbine exhaust gasses on FPSO’s has been developed in partnership with Mitsubishi Heavy Industries, Ltd.

    Blue Power Hub – With the aim to decarbonize the offshore power generation sector, SBM Offshore signed in December 2024 an investment agreement with the Norwegian company Ocean-Power AS to develop and commercialize offshore power generation units with CO2 capture and storage. This investment has been completed in early 2025.

    Capital allocation and Shareholder Returns

    The Company’s shareholder returns policy is to maintain a stable annual cash return to shareholders which grows over time, with flexibility for the Company to make such cash return in the form of a cash dividend and the repurchase of shares. Determination of the annual cash return is based on the Company’s assessment of its underlying cash flow position. The Company prioritizes a stable cash distribution to shareholders and funding of growth projects, with the option to apply surplus capital towards incremental cash returns to shareholders.

    As a result, following review of its cash flow position and forecast, the Company intends to pay US$1.59 per share through a proposed US$155m dividend5 (EUR150 million equivalent or US$0.88 per share4) and US$150 million (EUR141 million equivalent) share repurchase program6. This represents an increase of 30% compared with 2024. The objective of the share buyback program would be to reduce share capital and provide shares for regular management and employee share programs (maximum US$25 million). Shares repurchased as part of the cash return will be cancelled.

    The share repurchase program will be launched after the current share repurchase program has ended. The dividend will be proposed at the Annual General Meeting on April 9, 2025.

    Guidance

    The Company’s 2025 Directional revenue guidance is above US$4.9 billion of which above US$2.2 billion is expected from the Lease and Operate segment and around US$2.7 billion from the Turnkey segment.

    2025 Directional EBITDA guidance is around US$1.55 billion for the Company.

    Conference Call

    SBM Offshore has scheduled a conference call together with a webcast, which will be followed by a Q&A session, to discuss the Full Year 2024 Earnings release.

    The event is scheduled for Thursday February 20, 2025, at 10.00 AM (CET) and will be hosted by Øivind Tangen (CEO) and Douglas Wood (CFO).

    Interested parties are invited to register prior the call using the link: Full Year 2024 Earnings Conference Call

    Please note that the conference call can only be accessed with a personal identification code, which is sent to you by email after completion of the registration.

    The live webcast will be available at: Full Year 2024 Earnings Webcast

    A replay of the webcast, which is available shortly after the call, can be accessed using the same link.

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.

    More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.

    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Annual General Meeting   April 9 2025
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025
    Full Year 2025 Earnings   February 26 2026

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation

    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer

    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports – SBM Offshore.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

    1 Directional reporting, presented in the Financial Statements under section 4.3.2 Operating Segments and Directional Reporting, represents a pro-forma accounting policy, which treats all lease contracts as operating leases and consolidates all co-owned investees related to lease contracts on a proportional basis based on percentage of ownership. This explanatory note relates to all Directional reporting in this document.
    2 Based on the number of shares outstanding and exchange rate EUR/US$ of 1.039 at December 31, 2024.

    3 Reflects a pro-forma view of the Company’s Directional backlog and expected net cash from Turnkey, Lease and Operate and Build Operate Transfer sales after tax and debt service.
    4 Based on the number of shares outstanding at December 31, 2024. Dividend amount per share depends on number of shares entitled to dividend.
    5 Equivalent of EUR150 million based on the EUR/US$ exchange rate on February 11, 2025. Dividends will be paid in Euro provided that the minimum Euro dividend shall amount to EUR150 million.
    6 Including maximum US$25 million for management and employee share plans.

    7 Numbers may not add up due to rounding.
    8 Project delivery not disclosed by the client.

    9 Measured per 200,000 work hours.

    Attachment

    The MIL Network –

  • MIL-Evening Report: With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry

    Source: The Conversation (Au and NZ) – By Geoffrey Brooks, Professor of Engineering, Swinburne University of Technology

    Alex Cimbal/Shutterstock

    Whyalla is a proud steel town. The steelworks physically dominates the townscape, and most jobs in the town are either directly at the steelworks or heavily reliant on it.

    In recent months, however, the steelworks have lurched from one setback to another, from serious technical problems that forced shutdowns to rising debts owed to suppliers and the state government.

    On Wednesday, the South Australian government forced Whyalla steelworks into administration. To do so, it quickly passed amendments to the Whyalla Steelworks Act. Current owner GFG Alliance will no longer operate the site.

    For me, someone intimately involved in the steel industry, the news that the steelworks has been put into administration is not a shock. This has been coming for some time.

    On Thursday, Prime Minister Anthony Albanese unveiled a A$2.4 billion rescue package.

    A portion of this money will be used to address immediate debt issues and keep the plant afloat. But $1.9 billion has been earmarked for major, long-term infrastructure upgrades under a new owner.

    The next steps will be crucial if this vital component of Australia’s manufacturing infrastructure – and heart of the town of Whyalla – is to survive.

    How we got here

    Whyalla’s steelworks was founded by BHP and opened in 1941, originally concentrating on ship building. It later transitioned to producing structural and rail products during the 1970s and ‘80s.

    After the steel division was spun out of BHP in 2000, the steelworks operated under the OneSteel banner, which was renamed Arrium in 2012.

    The plant has been in decline for a couple of decades. Its products have had difficulty competing against overseas imports and there have been issues with the scale of production and costs.

    GFG Alliance took over Whyalla’s struggling steelworks in 2017, to great fanfare and optimism.

    GFG is led by Indian-born British billionaire Sanjeev Gupta, who owns steel plants across the world. Until recently, he was a relatively unknown figure in the steel industry, but rapidly built up a steel empire after buying his first major steel plant in the UK in 2013.

    Gupta’s business practices have recently drawn close scrutiny from regulators in the UK, particularly the financing arrangements for several of his businesses. GFG’s largest lender, Greensill Capital, collapsed in 2021.

    A failure to turn things around

    Upon purchasing the plant in 2017, GFG promised to invest in upgrading the equipment and move the steelworks towards “green” steel production.

    But these investments never materialised, and the operations have continued to lose money. There have also been significant operational issues over the past year, resulting in months of no production.

    These challenges have been compounded by what appears to be poor management of key equipment in the plant, particularly the blast furnace.

    The steelworks has been beset by technical issues over the past year.
    Adwo/Shutterstock

    Keeping blast furnaces running smoothly is one most important technical issues facing any steelmaker.

    A string of recent breakdowns, resulting in major production shutdowns in 2024, does not reflect well on GFG.

    On Wednesday, SA Premier Peter Malinauskas said the state government had been forced to step in, given debts of more than $300 million owed by GFG and reports workers weren’t being paid.

    Still a valuable asset

    The town of Whyalla will be watching the outcome of the state and federal governments’ rescue plan with bated breath. If it’s not to be GFG, who should be trusted with taking over and running the steelworks?

    In such times, it is worth pointing out some of the key advantages of the plant that could make it an attractive asset to prospective owners.

    Whyalla has good port facilities, a major iron ore deposit (Middleback Range) nearby, and abundant renewable energy.

    It also has an experienced and trained workforce, with established product lines that are in demand (particularly rail steel).

    Bluescope has been touted as one potential new owner. But there is also likely to be foreign interest, given the potential for linking steel production to renewable energy in Whyalla.

    Taking Whyalla into the future

    The current scale of the Whyalla steelworks, about 1.2 million tonnes of raw steel per year, is simply too small to be competitive. It is operating in a market where plants producing more than 3 million tonnes per year are common.

    The plant’s product range could be broadened and raised in value by investing in key steelmaking equipment.

    The general shift towards green production routes also presents opportunities for Whyalla. The local abundance of solar energy is likely to be a significant advantage for the plant’s future.

    However, converting from the plant from its current coal-based technology to non-coal based technology (such as hydrogen ironmaking) will take significant investment and technical skill.

    Whyalla is close to iron ore deposits in the Middleback Range.
    Adwo/Shutterstock

    Opportunities for Australia

    Could Australia simply let the steelworks shut down and import its rail steel instead?

    That would draw parallels with Australia’s car manufacturing sector, which the government ultimately allowed to collapse. But I believe this position is unlikely to attract much support.

    For one, there would be an enormous human cost to the people of Whyalla. The town of 20,000 people would be economically devastated by the plant’s closure.

    There’s also a fear such a move would further weaken Australia’s ability to generate long-term wealth. Historically, the steel industry has been an important generator of long-term jobs and national wealth.

    And it would certainly be demoralising for our manufacturing sector. Australia has plentiful ore, energy and a huge railway network. We should be able to run a sustainable steel plant specialising in rail and structural steel.

    All these challenges need investment and strong technical leadership. The decisions taken by the state and federal government in the next few months will be vital for Whyalla’s future.

    Geoffrey Brooks receives funding from the HILT CRC, ARC Steel Innovation Hub and Victorian Hydrogen Hub for fundamental research into steelmaking. The Liberty GFG company and other steel companies financially invest into these research bodies and directly support some of his steelmaking research. He is also the Chairman of the Association of Iron and Steel Technology Australian and New Zealand Chapter. This organisation organises conferences and seminars on steelmaking topics. His activity in this Chapter is on a voluntary basis.

    – ref. With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry – https://theconversation.com/with-whyalla-steelworks-forced-into-administration-australia-has-crucial-decisions-to-make-on-the-future-of-its-steel-industry-250317

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: National Energy Dominance Council Paves Way for Unleashing American Energy

    US Senate News:

    Source: The White House
    Last week, President Donald J. Trump established the National Energy Dominance Council — a cornerstone in the Trump Administration’s pursuit of unleashing American energy. Led by Secretary of the Interior Doug Burgum and Secretary of Energy Chris Wright, the Council will play a key role in the Trump Administration’s work to lower energy prices, meet the rising demand for affordable energy, strengthen economic security, and ensure the American energy industry is best positioned as a global leader over the next century.
    The move was hailed by lawmakers, workers, and industry:
    House Committee on Energy and Commerce Chair Brett Guthrie (R-KY): “Energy security is national security. By utilizing our domestic energy resources to create baseload power, we can lower prices, secure our grid, and provide the energy needed to grow manufacturing, heat our homes, and fill our gas tanks. The creation of this council under the leadership of Secretary Wright and Secretary Burgum is a strong step toward securing our energy future, and ensuring we have the resources necessary to meet the demands that AI will place on our grid. President Trump is continuing to fulfill his promise to the American people to return our nation to energy dominance, and I look forward to working together to achieve that goal.”
    American Exploration and Production Council: “Our nation is stronger, more secure, and more prosperous when America is the world leader in energy production, and AXPC applauds the Trump administration’s recognition that a whole of government approach is necessary to address the challenges related to American energy dominance. Sound energy policy across agencies will support our ability to meet rising national and global demand for affordable, reliable energy. We will continue to work with Congress and the Trump administration and the new National Energy Dominance Council on sensible, durable policies that allow American energy companies to continue to innovate and produce the energy America needs.”
    North America’s Building Trades Unions: “North America’s Building Trades Unions look forward to engaging with the National Energy Dominance Council recently established by the White House. This effort, chaired by Secretary of the Interior Doug Burgum and vice-chaired by Secretary of Energy Chris Wright, comes at a critical moment for our nation. As our country’s energy demands continue to rise and we work to meet the needs of artificial intelligence, confront rising adversarial powers, and provide our citizenry with stable and affordable energy, we at NABTU are ready to meet the moment. The men and women of the Building Trades have built the existing energy infrastructure of this nation and are eager to partner with this Council to provide the highly skilled workforce necessary to advance America’s all-of-the-above energy strategy and bring about the next generation of expanded, domestic and affordable power supply.”
    National Rural Electric Cooperative Association CEO Jim Matheson: “We are thrilled that President Trump has established the National Energy Dominance Council to tackle some of the biggest energy policy challenges facing our nation. Electricity demand is skyrocketing, yet due to bad policy decisions, always-available baseload power is being forced to retire before it can be reliably replaced. As a result, much of the country faces an increased risk of energy shortfalls over the next decade. Under the leadership of Chairman Doug Burgum and Vice Chairman Chris Wright, the Council is perfectly positioned to address the growing threats to reliable and affordable power. We believe the Executive Order’s focus on improving key processes, including those for permitting, producing and distributing American energy, is exactly the right place to start.”
    United Association of Union Plumbers and Pipefitters General President Mark McManus: “The men and women of the United Association are the best trained and most highly skilled craftspeople in the energy industry, and for generations we have built the critical infrastructure that delivers affordable domestic energy to our homes and businesses across the nation. We are now poised to deliver the next generation of energy production at this critical point in our nation’s history, but all too often government red tape and environmental activist groups stand in the way of these good paying and family-sustaining jobs. We look forward to working with President Trump and the new National Energy Dominance Council to cut government red tape and modernize our permitting processes to boost domestic production of critical energy like oil, gas, hydrogen, carbon capture, and nuclear, and to reduce our dependence on foreign sources of energy.”
    Power The Future Executive Director Daniel Turner: “The National Energy Dominance Council is a long-overdue course correction that prioritizes American energy workers, revitalizes domestic production, and ensures affordability for families. The NEDC has the opportunity to right the many wrongs of the Biden administration’s failures by working alongside the private sector to create policies that increase production, drive down costs, and protect the environment. By cutting through burdensome regulations and anti-energy mandates, the NEDC will unleash America’s full energy potential and pave the way for an era of prosperity, affordability, and innovation.”
    National Association of Manufacturers President Jay Timmons: “President Trump is moving quickly to unleash America’s full energy potential by establishing the National Energy Dominance Council, setting America up to lead on energy and secure our energy independence. This action demonstrates President Trump and his administration’s commitment to ensuring manufacturers have the energy they need to drive economic growth. […] The National Energy Dominance Council, under the leadership of Interior Secretary Burgum and Energy Secretary Wright, will help power the future of manufacturing in America because when manufacturing wins, America wins.”
    Competitive Enterprise Institute Senior Fellow Marlo Lewis: “This is welcome news. Unlike the previous administration, which increased US reliance on oil imports from OPEC and critical minerals from China by rigging domestic markets against reliable energy from fossil fuels, President Trump seeks to emancipate all sources of reliable American energy to compete in domestic and overseas markets. The president also seeks to accelerate the permitting of new energy infrastructure, including the power plants needed to support hundreds of new data centers and US leadership in artificial intelligence. President Trump is correct that clearing away impediments to America’s global leadership in energy production and exports will lower energy prices, enhance US economic security, create millions of new well-paying jobs, and strengthen US competitiveness in advanced technologies such as AI.”
    Growth Energy: “#ICYMI last week @POTUS established the National Energy Dominance Council, noting that #biofuels ‘reduce our dependency on foreign imports, and grow our economy’ – #ethanol producers are ready to deliver for American consumers and the president’s priorities!”
    Small Business and Entrepreneurship Council: “The National Energy Dominance Council is greatly needed to promptly reduce onerous barriers and rules that work against an abundant energy supply. Rather than federal government agencies finding ways to expand their regulatory turf and stymie the energy sector, the Council is tasked with reducing outdated red tape and moving with speed on recommendations and action, which will facilitate the significant investment needed for big projects. A modern regulatory system and commitment to U.S. energy supremacy will generate quality jobs, economic vibrancy and growth, and innovations that will yield efficiencies and cleaner energy. As both energy consumers and as significant players in the U.S. energy sector, small businesses will greatly benefit. SBE Council thanks President Trump for prioritizing this critical sector and for his commitment to more affordable, reliable and abundant energy for America.”
    Americans for Prosperity: “Coupled with earlier Executive Orders signed by President Trump, with this Order, the current administration is well on its way in laying the groundwork for a future where energy abundance can become a reality.  Americans for Prosperity applauds President Trump’s actions in this Executive Order and anticipates a bright future for energy production in this country.”

    MIL OSI USA News –

  • MIL-OSI New Zealand: Universities – Power struggles: The psychology behind workplace energy use – UoA

    Source: University of Auckland (UoA)

    Do you ever take the stairs instead of the lift or print double-sided – not for fitness, or to stretch the last few sheets of paper, but to save energy?
      
    An international study co-authored by researchers from the University of Auckland looks at how businesses can support these kinds of everyday choices, often overlooked in corporate sustainability plans.

    Published in Renewable and Sustainable Energy Reviews, the study analyses 70 research papers on employee energy-saving behaviours and shows that a combination of personal attitudes, social norms, habits, organisational culture and peer feedback shapes employees’ willingness to save energy.
       
    It suggests that businesses looking to cut energy use should focus on engagement rather than enforcement.

    Employees who feel encouraged, rather than monitored or penalised, are more likely to develop lasting energy-saving habits.
       
    “A work environment that recognises the value of energy-saving behaviour and employees with intentions to save energy are very effective,” says Business School Professor Sholeh Maani.

    The economics professor says businesses that integrate energy-saving behaviours into workplace policies and culture see greater engagement from staff.

    For example, giving employees control over lighting and temperature settings and regular feedback on energy use, combined with positive reinforcement, can motivate staff to save energy. 

    Digital tools like Internet of Things (IoT) sensors and gamified apps can help staff track their energy use, says Maani, encouraging autonomy and responsibility.

    And while many businesses rely on employee education campaigns to encourage energy conservation, the research suggests that providing information alone is not enough, and in some cases, it may even backfire if it’s seen as personal monitoring.

    One study the researchers point out took place at a university in Canada and surveyed 595 employees in 24 buildings. The results found that feedback and peer education reduced energy use by seven percent and four percent respectively, while energy consumption increased by four percent in the buildings that educated employees on how and why to save energy.

    Another study in the Netherlands examined a 13-week energy-saving initiative at an environmental consulting firm with 83 employees across five departments. Employees received weekly rewards for saving energy, with some receiving monetary incentives and others getting positive public  recognition. The results were clear: public feedback was more effective than financial incentives.
       
    These results and others highlight that awareness alone won’t necessarily drive change – practical interventions that reinforce personal and group habits, such as social incentives and feedback can be effective, say Maani and co-author Dr Le Wen.

    If businesses want to reduce energy waste, they need to focus on building a workplace culture that supports and normalises energy-saving behaviours, says Maani.
     
    “Employees are more likely to conserve energy when they see their colleagues doing the same, receive regular feedback on workplace energy use, and feel supported to make changes and take control.

    “And when managers and colleagues actively participate in energy-saving initiatives, other employees are far more likely to follow suit.”

    With rising electricity costs and increasing pressure to cut carbon emissions, New Zealand businesses have a lot to gain from empowering employees to be part of the solution, says Maani.
      
    “In a country where sustainability is a priority, reducing workplace energy waste is a low-cost, high-impact way for businesses to reach their environmental goals.”  

    MIL OSI New Zealand News –