22 November 2022
Skanska launches Sweden's largest fossil-free constructing project
Stockholm's 100-year-old Slakthus district is to be transformed into an urban area with 3,000 homes and 14,000 workplaces, to be fully completed by 2033. In a major procurement exercise that will see a total of 75,000 tonnes of rock and 96,000 tonnes of soil excavated, the city of Stockholm has put in a request for a fossil-free construction contract. For the project, the City of Stockholm and Skanska are working with Volvo Construction Equipment to reduce the project’s impact on the climate. The total CO2 reduction from the project amounts to more than 2,000 tonnes. Skanska's project manager, Lisa Kroon, says that this project is the largest fossil-free contract testbed in the Swedish urban environment and that all their other machines are running on the renewable fuel HVO100*. HVO100 is a hydrogenated vegetable oil that reduces greenhouse gas emissions by up to 90%. Meanwhile, the Slakthus district will be the first construction project in Sweden to use Volvo Construction Equipment's new all-electric excavator EC230. It was launched on the Norwegian market in pre-series earlier this year, but is not yet available on the Swedish market.
Byggfakta.today, Maskinentreprenören
Wind energy giant Ørsted bets on Italian CO2 batteries
Milan-based Energy Dome has entered into an agreement with Danish wind energy giant Ørsted to carry out preliminary research into energy storage using the technology. This is for a full-scale testbed of 20 MW and 200 MWh. Construction is expected to start in the second half of 2024. Energy Dome says the technology is risk-free and has several advantages over lithium-ion batteries, such as that the plant will be 40% cheaper than lithium-ion batteries, its technology will not suffer the same degradation over time and it will last three times longer than lithium-ion battery devices. The company currently has a commercial demonstrator of 2.5 MW and 4 MWh in Italy which have been running since May this year.
Scania issues green bonds to finance electrification
As part of the company's commitment to continue investing in electric technology, Scania has issued a second green bond. 2020 saw Scania become the first purely commercial vehicle manufacturer to receive approval for a green bond issuance framework. The proceeds were then used to invest in the company's battery plant and to develop battery-powered electric vehicles. A total of 20 Nordic banks, insurance companies and pension fund managers took part in the bidding for Scania's new bond. The proceeds will be used for projects with a broad impact on reducing CO2 emissions and to finance Scania's ongoing research and development in purely electric vehicles. The Norwegian institute CICERO Shades of Green, which plays a role in assessing green and sustainable frameworks, has rated Scania's framework as deep green, a ranking awarded to projects and solutions that contribute to the long-term goal of low emissions.
SEB passes green milestone
In line with its sustainability strategy and commitment in the Net Zero Banking Alliance, SEB has set net zero-adjusted sub-goals for specific sectors of its credit portfolio to 2030, namely to reduce fossil fuel credit exposure in the bank's energy portfolio by 45-60% by 2030. While doing so, the bank is hoping to increase its sustainability-related lending, sustainable financial advice, sustainable investment products and green technology. SEB recently adopted a green milestone where the green and sustainable financing was greater than the brown and fossil one. According to SEB, the brown exposure as a share of its total credit portfolio decreased from 4.8% in 4Q19 to 3.4% in 3Q22, while the green financing as a share of its total credit portfolio increased from 4.0% in 4Q21 to 5.4% in 3Q22.
Metacon receives order from Slovakia worth SEK 2.1 million
Energy systems company Metacon, in cooperation with its distributor Hydroholding, has reached an agreement for the delivery of another hydrogen fuel replenishment demonstration HRS in Slovakia. The order is worth SEK 2.1 million and Metacon will supply a fully containerised mini HRS with compression module, distributor module and console. Hydroholding will continue to supply hydrogen and various services for this mini HRS.
Vestas receives new orders in Taiwan
Danish wind power manufacturer Vestas is expected to supply a total of 21 MW of wind turbines to the German Wdp in Taiwan starting in 3Q23. The order includes five V117-4.2 MW turbines and 91.5 metre high towers for two wind power projects, as well as a long-term Active Output Management 4000 service agreement for the wind farm to ensure optimal performance and long-term safety for the customer. With this order, Vestas will install more than 350 MW of onshore capacity in Taiwan, 130 MW of which has already been sold to WPD.
Menigo ups the ante on sustainability ambitions
Menigo has set an ambitious target of achieving climate neutrality by 2030. This means that the company must minimise its impact on the climate and neutralise remaining emissions with the help of climate compensation. Menigo, the first Swedish restaurant wholesaler, takes a holistic approach and compensates the climate on a large scale. They will carry out replanting projects in mangrove swamps. They move towards fossil-free deliveries and responsible animal husbandry, and take on social responsibility in high-risk countries. During the year, Menigo has, among other things, implemented the following:
- Offset the equivalent of 10,000 tonnes of emissions
- Reinforced the goal of fossil-free transport – by 2030 all customer-facing transport must be fossil-free.
- Build a brand new central warehouse in Landvetter, Gothenburg.
- Expanded its biogas trucks in Stockholm and completed the procurement of 10 electric trucks.
Minesto's Dragon Class project generates record power
Since its commissioning in September, Minesto's microgrid power plant Dragon 4 (100 kW) has generated a record amount of electricity in October and November. Significant progress has also been made in the development of Minesto's larger plant, Dragon 12 (1.2 MW). Factory testing of key subsystems is ongoing, with a number of tests already completed, although delivery times for some components have been extended. The installation of Dragon 12 is now planned for spring 2023.
Eaton participates in research and innovation project to develop an integrated charging infrastructure for electric vehicles
Eaton has announced its participation in a European research and innovation project called FLOW Consortium. Supported by Horizon Europe, an EU research and development programme, the EUR 9.87 million project will run for four years and cover the entire value chain of electric vehicle charging. The FLOW Consortium is made up of 24 external partners and 6 leading European universities which will be led by the Fundació Institut De Recerca En Energia De Catalunya. Eaton's role in this collaboration is to further develop electric vehicle charging technology and demonstrate electric vehicle charging solutions based on the experience of the "building-as-grid" approach, which aims to capture the opportunities for local generation of renewable energy from the electricity demand of buildings and electric vehicles. To integrate the technologies into a complete solution, several Eaton business units will collaborate on the project, including the Eaton Research Labs Europe team and the Eaton Smart Power Centre in Dublin.
Eltel and Siemens sign Norwegian charging station service agreement
Eltel and Siemens have signed a framework agreement for the installation, service and operation of electric vehicle chargers. With this, the two companies are working together strategically to ensure quality of delivery and operational reliability throughout Norway for the benefit of customers. The agreement applies for two years, with the option to extend it for another two years.
Eidsiva bioenergi reaches agreement with Carbon Centric to capture CO2
From 2025, Eidsiva bioenergi will capture CO2 from the waste incineration plant in Trehøringen, Norway. The capture plant will collect between 50,000 and 70,000 tonnes of CO2 from the incineration plant, while the recovered waste heat will be used for district heating, providing renewable energy, industrial steam and electricity for the city of Hamar and the surrounding area.
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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