Arctic Business Journal

13/07/2023

Our latest is out now and features the following:

Thawing permafrost is taking a toll on Nunavik’s buildings and infrastructure and the way people use the land to hunt, fish and travel. Laval University is continuing its work to study this phenomenon and examine ways the region can adapt to the effects of climate change, thanks to $600,000 from the Quebec government.

The latest announcements:

- 🇸🇪 Next phase launched at Boden Industrial Park (H2 Green Steel)

- 🇳🇴 🇸🇦 Aker Carbon Capture and aramco to explore partnership opportunities to deploy carbon capture, utilization and storage (CCUS) modular solutions in Saudi Arabia

- 🇸🇪 Eolus Vind AB applies for permit for Västvind offshore wind power project

- 🇳🇴 Nearby AS Launches Innovative App, Connecting with New Friends and Strengthening Bonds

- 🇳🇴 🇩🇪 Hydro REIN will not participate in offshore wind competition in the North Sea (Norsk Hydro)

- 🇳🇴 Telenor Amp Partners with Shapemaker to Enhance Industry Innovation, Efficiency, and Sustainability

Read more at https://mailchi.mp/arcticnow/at-and-abj-newsletter-07-13-sweden-and-nato-norway-saudi-arabia-carbon-capture-nunavut-visit

Also includes the latest Arctic Today news and analysis!

11/07/2023

ANNOUNCEMENT OF THE DAY:

Telenor Amp invests in Shapemaker, an Oslo-based startup revolutionising telecom design through automation and advanced technologies, dramatically reducing the time required for structural calculations from weeks to minutes.

Telenor Amp's investment portfolio currently includes 16 companies, with a combined value ranging from 10 to 15 billion Norwegian kroner (USD 960 million to 1.4 billion).

This strategic partnership drives innovation and highlights the region's pioneering efforts to propel the industry into a new era of efficiency and sustainability.

Today's announcement comes from Telenor Norge - read more at https://www.arctictoday.com/arctic_business/telenor-amp-partners-with-shapemaker-to-enhance-industry-innovation-efficiency-and-sustainability/

Telenor Amp invests in Shapemaker, an Oslo-based startup revolutionising telecom design through automation and advanced technologies. This strategic partnership drives innovation and may propel the industry into a new era of efficiency and sustainability.

10/07/2023

Our latest is out now and features the following:

The third article in a new series, Tromsø Uncovered, profiles Abdera.ai's efforts to combat online hate speech and trolling using algorithms and models to solve the problem in a simple and cost-effective way (sponsored content by ProTromsø AS and Næringsforeningen i Tromsøregionen).

Finland tightens entry rules for Russian business travelers and property owners; from July 10, Russians traveling with business visas to Schengen-Europe will no longer be allowed to transit through Finland.

The latest announcements:

- 🇩🇰 Copenhagen Infrastructure Partners reaches first close on CI V at nearly EUR 6 billion, putting it on track to reach its target fund size of EUR 12 billion and become the world’s largest dedicated greenfield renewable energy fund.

- 🇩🇰 🇮🇸 Coloplast announces agreement to acquire Kerecis for up to USD 1.3 billion.

- 🇯🇵 🇩🇰 Mitsui & Co., Ltd. / 三井物産株式会社 will acquire a stake in Northern Europe’s largest solar plant and the world’s largest e-methanol facility (European Energy A/S)

- 🇸🇪 🇩🇰 🇰🇷 Bladt Industries A/S to be acquired by CS Wind Corp, a global renowned leader in wind turbine tower manufacturing

- 🇳🇴 🇬🇧 Blastr Green Steel signs a Letter of Intent with REDCAR BULK TERMINAL to explore the development of a pellet plant in Teesside, UK

- 🇨🇦 🇫🇮 Avalon Advanced Materials Inc. Signs MOU with Metso, a World Leader in Critical Minerals Technology, to Advance the Development of Ontario's First Lithium Processing Facility

Read more at https://mailchi.mp/arcticnow/at-and-abj-newsletter-07-10-orkney-and-norway-ai-and-online-hate-speech-finland-russia-tension

Also includes the latest Arctic Today news and analysis!

06/07/2023

Our latest is out now!

Features the latest announcements:

- 🇸🇪 Treebula secures SEK 28 million investment to realize the true value of forest and a greener future (Industrifonden)

- 🇩🇰 Ørsted and ESVAGT sign second contract for methanol-powered vessel

- 🇸🇪 350 million-project makes European industry more efficient (Luleå tekniska universitet)

- 🇳🇴 🇩🇪 KSAT - Kongsberg Satellite Services has selected CPI VERTEX ANTENNENTECHNIK GmbH to provide the 20m antennas that will support missions to the Moon

- 🇳🇴 Norwegian Air announces agreement to acquire Widerøe

- 🇳🇴 Aker Horizons signs long-term power purchase agreement with Statkraft for Narvik green ammonia project

Read more at https://mailchi.mp/arcticnow/at-and-abj-newsletter-07-06-alaska-in-the-spotlight-energy-innovation-conservation-and-whales

Also includes the latest Arctic Today news and analysis!

06/07/2023

ANNOUNCEMENT OF THE DAY:

The Luleå tekniska universitet is leading a $32 million digitalization project involving 43 partners in 12 countries that will revolutionize industrial efficiency in Europe.

"We have already made technology tests in a high number of sectors, and all of them show 30–95 percent cost and time savings."

The vision is to double productivity within the car and aviation industry of today, the green transition, and the processing industry in Europe.

Today's announcement comes from Luleå University of Technology - learn more at https://www.arctictoday.com/arctic_business/350-million-project-makes-european-industry-more-efficient/

A new digitalisation project involving 43 partners in 12 countries will revolutionise the industrial efficiency in Europe by automated communication in the entire production network. The project, led by Luleå University of Technology and with a budget of SEK 350 million, builds upon over 20 years o...

05/07/2023

ANNOUNCEMENT OF THE DAY:

🌊 Deep Wind Offshore and EDF Renewables are cooperating with Norwegian supplier Moreld Ocean Wind for the floating solution at the offshore wind development on Utsira Nord in Norway.

⚡️ The companies have chosen a unique floater design, The Ocergy, that Moreld offers as it promises to enhance the project's efficiency, cost, sustainability, and reliability.

🌍 The aim is to become one of the largest floating offshore wind farms globally, generating clean and renewable energy.

💡 This collaboration represents a significant milestone in the development of renewable energy in the region, supporting the transition to green energy.

Today's announcement comes from Deep Wind Offshore - read more at https://www.arctictoday.com/arctic_business/deep-wind-offshore-and-edf-renewables-announce-preferred-floater-solution-for-utsira-nord/

EDF Renewables and Deep Wind Offshore are cooperating with Norwegian supplier Moreld Ocean Wind for the floating solution at the offshore wind development on Utsira Nord.

03/07/2023

Our latest is out now!

The second article in a new series, Tromsø Uncovered, profiles KSAT - Kongsberg Satellite Services's role in satellite-based earth observation and features CEO Rolf Skatteboe as he discusses their involvement in a project to stop deforestation in the Amazon (sponsored content by ProTromsø and Næringsforeningen i Tromsøregionen) and Finland's industry-led hydrogen economy strategy is published, as well as the latest announcements:
- 🇫🇮 🇩🇰 Cinia and NORDUnet collaboration on Arctic Connectivity
- 🇮🇸 Carbfix and Orka náttúrunnar reaching world's first near-zero carbon footprint geothermal power plant
- 🇮🇸 Icelandic land-based salmon farmer, Landeldi, completes large funding round of $90 million, and changes name to First Water
- 🇳🇴 Telenor Norge and Statkraft sign agreement for the supply of renewable energy for Telenor’s Finnish subsidiary DNA finland
- 🇫🇮 Ilmatar’s hybrid farm enters commercial production – 36 wind turbines set for year end completion
🇳🇴 🇺🇸 Arctic set for high-speed broadband as polar mission completes key milestone (Viasat Inc. and Space Norway)

Read more at https://lnkd.in/eUajBPfT

Also includes the latest Arctic Today news and analysis!

30/06/2023

ANNOUNCEMENT OF THE DAY:

"Arctic connectivity is urgent because it supports scientific research, enables new trade routes, and underpins strategic government action in a new geopolitical landscape"

Viasat Inc., a global leader in satellite communications, and Space Norway announced that the first of the two satellites for the Arctic Satellite Broadband Mission, has successfully completed thermal vacuum testing.

The mission is expected to provide high-speed broadband services to air, land, and sea users in the Arctic region and in Northern latitudes.

Today's announcement comes from Viasat Inc. - read more at https://lnkd.in/ejEhpgS6

Viasat, a global leader in satellite communications, and Space Norway, announced that the first of the two satellites for the Arctic Satellite Broadband Mission, has successfully completed thermal vacuum testing. The mission is expected to provide high-speed broadband services to air, land and sea u...

30/06/2023

Three ways digitalization can drive Finland's sustainable growth and development:

1. Learn from digital native companies.

2. Building the data economy through cooperation.

3. Responding to global disruption opens the way to the world.

Learn more in this article from Business Finland at https://lnkd.in/eNnUnuuH

Global challenges and dwindling global resources are turning our attention to digital opportunities. New solutions are needed now and in the future, in every industry. Technological advances and an increasingly digitalized living environment are driving business opportunities and are the lifeblood o...

29/06/2023

Our latest is out now!

The first article in a new series, Tromsø Uncovered, highlighting innovation in northern Norway (sponsored content by ProTromsø AS and Næringsforeningen i Tromsøregionen) and news of new million dollar investment in the Port of Tromsø, as well as the latest announcements:

- 🇩🇰🇨🇭Metafuels, European Energy A/S sign MoU to develop a methanol-to-jet sustainable aviation fuel project.

- 🇸🇪 🇫🇮 AFRY Sverige to be engineering partner in Fortum’s hydrogen study in Raahe, Finland.

- 🇳🇴 🇰🇷 KSATlite network expansion, adding new ground station in South Korea (KSAT - Kongsberg Satellite Services)

- 🇸🇪 Scania Group places first green steel order in further step towards decarbonized supply chain (H2 Green Steel)

- 🇫🇮 🇬🇧 Ilmatar builds its second hybrid solution: An energy storage facility at the Piiparinmäki wind farm.

Read more at https://mailchi.mp/arcticnow/at-and-abj-newsletter-06-29-wagner-group-and-the-arctic-danish-saf-troms-spotlight

Also includes the latest Arctic Today news and analysis!

28/06/2023

ANNOUNCEMENT OF THE DAY:

The North once again exhibits a pioneering fusion of technology and energy!

🇫🇮 Caverion Norge will implement one of the world's largest smart CO2 refrigeration systems for a new energy centre being built by Oulun Energia.

After completion, the energy centre will produce clean cooling energy for Nokia's new campus in Oulu and heating energy for the district heating network of Oulun Energia.

The system is based on cooling and heating production in the same process, where intelligent controls ensure minimum waste of energy.

Today's announcement comes from Caverion - read more at https://www.arctictoday.com/arctic_business/caverion-delivers-one-of-the-worlds-largest-co2-refrigeration-systems-to-oulun-energia-in-finland/

Caverion will implement a smart refrigeration system, including cooling and heat production, for a new energy centre being built by Oulun Energia. After completion, the energy centre will produce clean cooling energy for Nokia's new campus in Oulu and heating energy for the district heating network....

27/06/2023

ANNOUNCEMENT OF THE DAY:

Equinor and the Ammonia Fuel Bunkering Network (AFBN) have joined forces to explore the potential of clean ammonia as a fuel to decarbonize the Norwegian offshore sector.

The AFBN is a consortium led by AZANE Fuel Solutions that also includes partners like Yara Clean Ammonia, Sintef, and Fjord Base Gruppen (Norway's largest offshore supply base.

Clean ammonia holds great potential as a fuel to decarbonize the maritime industry, as it can be burned in an engine or a fuel cell but does not contain carbon.

Equinor's involvement as an associated partner is expected to expedite the green transition and showcase the utilization of clean ammonia in the offshore sector.

Today's announcement comes from Ocean Hyway Cluster - read more at https://www.arctictoday.com/arctic_business/equinor-becomes-associated-partner-to-ammonia-fuel-bunkering-network/

Equinor and Ammonia Fuel Bunkering Network (AFBN) join forces to find the optimal ammonia value chain. Together they will study how clean ammonia can be introduced as a fuel to decarbonize the Norwegian offshore sector.