CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Business

Romania's ELCEN Signs MoU with US company Sage Geosystems

Green Forum

23 July, 2024 at 2:00 PM

Electrocentrale București (ELCEN) signed a Memorandum of Understanding (MoU) with Sage Geosystems Incorporated, a US-based company specializing in geothermal energy technology and storage.

This MoU aims to conduct a feasibility study for implementing geothermal resource utilization technologies in Bucharest's district heating system.

Under this agreement, ELCEN will provide access to relevant data and infrastructure, and contribute technical expertise and operational knowledge specific to Bucharest's centralized heating system. Sage Geosystems will conduct the technical and geological analyses and feasibility study on geothermal energy utilization.

On February 7, 2024, ELCEN and the US Department of Energy (DoE) signed an agreement in Washington to identify geothermal investment projects and conduct a feasibility study for Bucharest's district heating system. Following this, the DoE proposed collaboration with Sage Geosystems, which led to the drafting and signing of the MoU on July 23, 2024, after its approval by the Romanian Government on July 18, 2024.

EBRD invests €35 million in first green bond issued by Erste Croatia

EBRD invested €35 million in a green bond issued by Erste & Steiermärkische Bank (ESB), the Croatian subsidiary of Austria's Erste Group Bank AG.

Environment

ALRO invests €2.5 million in heat treatment furnace to reduce CO2 emissions

ALRO has purchased an aluminium aging furnace with electric heating from SECO/WARWICk.

Energy

Oradea builds photovoltaic park with European funds

Eight companies or associations of companies have submitted bids for the construction of the photovoltaic park next to the Multipurpose Hall Oradea Arena.

Mobility

Arctic introduces 100% electric utility vehicles to its fleet

The initiative is part of the company's sustainability strategy and a first step in the transition to a green fleet.

Environment

Romania ranks last in EU for municipal waste production and recycling

In 2022, Romanians were in last place in the European Union in terms of municipal waste production and recycling, according to data published by Eurostat.

Industry

ROCA Investments to expand solar power capacity across all locations

Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.