Finland has unveiled the world’s largest “sand battery,” a thermal storage system that stores surplus renewable electricity as heat inside a giant, insulated container filled with sand. Built to serve district heating networks, the installation converts excess wind and solar power into heat using electric resistors, then releases that heat through exchangers during cold, low‑generationContinueContinue reading “Finland’s Sand Battery: A Low‑Cost Fix for Seasonal Renewable Storage”
Author Archives: tefolerumo
Spain’s power grid gets a serious upgrade
Spain is entering a new phase of energy infrastructure investment, with a major upgrade to its electricity grid aimed at strengthening supply, improving efficiency, and preparing the system for a more electrified economy. The latest financing package, backed by the European Investment Bank and Spanish partners, will support the modernisation of more than 2,300 kmContinueContinue reading “Spain’s power grid gets a serious upgrade”
New Deutz AG engine production facility launched in India.
Deutz AG and TAFE Motors have jointly launched a Deutz engine production facility with capacity for producing 35,000 engines annually. The German Deutz AG has entered a production collaboration with TAFE Motors to bring Deutz engine production to the Indian company’s manufacturing plant in Rajasthan. Under the licensing agreement, TAFE Motors will manufacture Deutz-licensed 2.2L and 2.9LContinueContinue reading “New Deutz AG engine production facility launched in India.”
Palantir acquires Pentagon for $800 billion: military now under command of software developer
In an effort to diversify its holdings in the highly competitive militarized surveillance space, data analytics firm Palantir announced earlier that it had acquired the Pentagon for $800 billion. “After months of negotiating, I am thrilled to announce that the U.S. government has accepted our terms and agreed to sell us the Department of War,”ContinueContinue reading “Palantir acquires Pentagon for $800 billion: military now under command of software developer”
Maersk president on navigating the challenges of global shipping
Global shipping and logistic companies are staring down a number of challenges including a crisis in the Red Sea, a drought at the Panama Canal and labor negotiations on the East Coast. CNBC’s Lori Ann LaRocco speaks with Maersk’s President for North America Charles van der Steene to learn how the carrier is confronting anContinueContinue reading “Maersk president on navigating the challenges of global shipping”
Dangote to build port, 2000 MW power plant in Tanzania
Africa’s richest man, Aliko Dangote, is set to expand his investments in Tanzania with plans to develop a port, a 2,000-megawatt coal-fired power plant and several other large-scale infrastructure projects in the East African country.The plans were disclosed late Monday in a statement issued after Dangote held talks with Tanzanian President Samia Suluhu Hassan, outliningContinueContinue reading “Dangote to build port, 2000 MW power plant in Tanzania”
2026 world cup nets FIFA $9 billion, the most lucrative sporting event in history
For FIFA, bigger is better.As the 2026 World Cup drew to a close on Sunday with Spain’s 1-0 win over Argentina, FIFA emerged just as victorious as the Spaniards. The global soccer governing body came away with over $9 billion in revenue from the tournament, by far the most lucrative tournament in World Cup history.MuchContinueContinue reading “2026 world cup nets FIFA $9 billion, the most lucrative sporting event in history”
KPMG prepares to cut hundreds of staff amid leaks scandal
Big Four firm KPMG is preparing to slash hundreds of jobs and reduce partner pay by up to 20 per cent, as the fallout from the audit leaks scandal continues.Senior leaders at KPMG Australia, which has about 9000 staff and 700 partners, are scrutinising client bookings to gauge the scale of the hit to itsContinueContinue reading “KPMG prepares to cut hundreds of staff amid leaks scandal”
EU slaps €550 million fine on AliExpress over illegal and counterfeit goods
The EU’s crackdown on Chinese online marketplaces is accelerating, with aggressive compliance checks and increased charges for imports into the bloc from fast-fashion sites like Temu and Shein. The European Commission on Monday fined AliExpress €550 million for failing to adequately assess and mitigate risks linked to the sale of illegal, unsafe and counterfeit productsContinueContinue reading “EU slaps €550 million fine on AliExpress over illegal and counterfeit goods”
npower Business Solutions backs CBI and Energy UK report on business energy costs
On Tuesday 14 July 2026, the Confederation of British Industry (CBI) and Energy UK have released a new blueprint that they say will help reduce energy costs for thousands of UK businesses.Its recommendations include removing certain levies such as the Renewables Obligation (RO) and Feed in Tariff (FIT) from all businesses, creating a publicly funded ‘Energy TransitionContinueContinue reading “npower Business Solutions backs CBI and Energy UK report on business energy costs”
aldridge capital 