NEWS

Energy • Technology & Innovation • Transport

AI streetlight technology gains recognition as Conflow Power wins global innovation award

April 15, 2026

AI-powered streetlight infrastructure iLamp unit with integrated sensors and solar capability

Manufacturing & Recycling

OMRON expands product carbon footprint reporting to support EU sustainability regulations

April 15, 2026

Product carbon footprint reporting in electronic components diagram showing lifecycle assessment and supply chain flow

Manufacturing & Recycling • Technology & Innovation • Transport

Everrati highlights growing role of EV propulsion in autonomous and advanced mobility systems

April 14, 2026

Electric propulsion technology in advanced mobility systems with Everrati modular EV platform

Energy • Manufacturing & Recycling • Water & Ocean

Global organisations highlight corrosion risks to infrastructure and sustainability

April 14, 2026

Corrosion impact on infrastructure and sustainability with cable-stayed bridge structure

Transport

EV market share rises to record levels as petrol declines in UK registrations

April 8, 2026

Electric vehicle market share in the UK with EV charging point connected to electric car

Earth & Nature • Energy • Technology & Innovation • Water & Ocean

EarthX2026 to spotlight climate leadership, investment and environmental governance

April 8, 2026

Climate leadership and investment in environmental solutions showcased at EarthX 2026 conference

Energy • Technology & Innovation • Transport

Electric Innovation Initiative opens submissions for 2026 electrification awards

April 7, 2026

Electrification innovation in the United States with residential EV charger on urban balcony at night

High-voltage energy storage system supporting EV charging infrastructure and renewable energy integration

Energy • Transport

EV charging and energy storage infrastructure advances with new...

March 25, 2026

EV charging and energy storage infrastructure is evolving rapidly as electrification accelerates...

Off-grid home with rooftop solar panels providing energy in a warm rural landscape

Energy • Health & Science • Technology & Innovation

Solar shading and thermal materials could halve emissions from...

March 25, 2026

Solar shading and thermal materials could significantly reduce emissions and energy costs in off...

solar irrigation system circular fields remote Australia water security agriculture

Agriculture • Energy • Water & Ocean

Solar-powered water systems strengthen resilience for remote...

March 25, 2026

Solar-powered water systems are playing an increasing role in supporting agriculture in remote and...

Energy

Future Homes Standard to Mandate Solar Panels and Heat Pumps in...

March 24, 2026

The UK government has confirmed that its forthcoming Future Homes Standard will require the...

alternative rail propulsion systems hydrogen battery train at modern European station

Transport

New guidance highlights safety gaps in alternative rail...

March 24, 2026

Alternative rail propulsion systems such as battery and hydrogen trains are gaining momentum in...

Flying electric vessel maker Candela raises €30M amid soaring oil prices Candela’s largest funding round to date, with the World Bank’s IFC arm joining existing investors, will finance a second manufacturing facility to scale production of its groundbreaking hydrofoiling P-12 ferries and meet growing global demand. The round brings Candela's total capital raised to €129 million since its inception, making it the best-funded electric vessel manufacturer globally. It was backed by all existing shareholders—EQT Ventures, SEB Private Equity, KanDela AB, and Ocean Zero LLC—alongside new investor the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, which contributed €8 million. The raise defies a broader downturn in climate-tech investment and follows the recent, successful real-world deployment of the P-12 in public transport across Stockholm, Gothenburg, Oslo, and Trondheim, where the vessel demonstrated strong technical performance, significantly reduced operating costs, and dramatically shorter travel times compared to traditional diesel ferries. A new category of vessel Named one of TIME magazine's most important inventions of 2025, the P-12 is the world's first electric hydrofoil ferry in scheduled commuter service. At its core is Candela's proprietary computer-controlled hydrofoil system and C-POD motors, which lift the vessel above the water and cut energy consumption by up to 80 percent versus conventional ships—while producing zero wake. "From a physics perspective, ships have been essentially the same for hundreds of years," says Gustav Hasselskog, founder and CEO. "We're redefining waterborne transport by effectively creating a new category of vessel. This allows cities and municipalities to finally take full advantage of waterways—while escaping the fossil-fuel cost trap that has long prevented them from being used efficiently." The Candela P-12 has proven successful in Stockholm’s public transport, significantly reducing travel times and operating costs. Global expansion underway With serial production now up and running and first customer deliveries starting in this month, more than 65 vessels are currently on order. From 2026, deployments are slated for Mumbai—where a fleet of ten P-12s will cut travel times from Navi Mumbai Airport to the city centre from around two hours to 35 minutes—as well as the Maldives, Saudi Arabia's NEOM project, Thailand, and additional markets. Candela is applying scalable, platform-based serial production to advanced carbon-fiber vessels, breaking from the maritime industry's traditional reliance on one-off construction. The second factory—to be located in Poland—will make zero-emission transport more accessible to emerging markets around the world. "By moving away from small-series production—which inevitably drives high costs—we've built a platform that serves multiple markets," says Hasselskog. "This allows us to deliver technologically advanced carbon-fiber vessels with industry-leading operating costs at a competitive price point, freeing operators from the cost trap of fossil-fuel ships. “In a market where climate tech funding is down around 50 percent since 2021, raising our largest round ever sends a clear signal: the transition is moving beyond subsidies and green premiums. Our vessels win on cost and performance, and that's why investors are backing Candela. I'm truly grateful for that trust." Quote from IFC: “This investment reflects IFC’s commitment to advancing innovative transportation solutions in emerging markets,” said Farid Fezoua, IFC Director for Equity, Funds and Venture Capital. “By supporting Candela’s expansion, we aim to accelerate the adoption and early deployment of breakthrough maritime technology in Emerging Markets, mobilize private capital, create high-value jobs, and enable more efficient water-based mobility.” Quote from SEB Private Equity: “We are thrilled to further support Candela on this next phase of growth, with strong progress in both technology deployment and commercial growth. The company has demonstrated global demand, with sales across the Nordics, the U.S., and key Asian markets. We have strong conviction in Candela and look forward to supporting the next phase of its global expansion and their commitment to a more sustainable future,” says Simone Hirschvogl, Investment Director at SEB Private Equity. Quote from EQT Ventures: “Rising fuel costs are fundamentally changing the economics of waterborne transport,” said Marnix van der Ploeg, Managing Director at EQT Ventures. “Candela’s hydrofoil technology dramatically lowers operating costs, making electric vessels commercially superior to traditional ferries. That’s why we backed the company early and are proud to continue supporting the team as they scale production globally.”

Transport

Electric hydrofoil ferry funding accelerates as Candela raises...

March 24, 2026

Electric hydrofoil ferry funding is gaining momentum as Swedish company Candela secures €30 million...

heat pump vs gas boiler UK satisfaction comparison chart during cold snap

Energy

Heat pump vs gas boiler UK: new data highlights performance and...

March 23, 2026

Heat pump vs gas boiler UK comparisons are gaining renewed attention as new data highlights...

electric HGV charging UK using Voltempo HyperCharger infrastructure

Transport

Electric HGV charging record highlights rapid progress in UK...

March 23, 2026

Electric HGV charging UK capabilities have reached a new milestone following a high-power charging...

Professor Prashant Kumar air quality expert appointed to Defra advisory group

Health & Science

Air quality expert joins UK government advisory group

March 17, 2026

A leading UK air quality scientist has been appointed to a government advisory body that helps...

UK home with rooftop solar panels generating renewable energy

Energy • Technology & Innovation

UK solar demand surges 27% as households respond to energy price...

March 17, 2026

Demand for rooftop solar in the UK is accelerating as households seek protection from volatile...