NEWS

Technology & Innovation • Transport

Western Cape deploys AI roadway monitoring to improve infrastructure resilience

May 22, 2026

Coastal roadway infrastructure winding through mountainous terrain beside the ocean

Agriculture • Energy • Technology & Innovation

Anaergia secures C$58 million renewable natural gas infrastructure contract

May 21, 2026

anaerobic digestion renewable natural gas facility beside agricultural crops

Agriculture

New Separator, Pump and Mixer bring it all together at Chesterton House Farm

May 18, 2026

Farm slurry management system at Chesterton House Farm in Warwickshire

Manufacturing & Recycling • Technology & Innovation • Water & Ocean

ERG receives King’s Award for Enterprise following international expansion

May 13, 2026

ERG King’s Award for Enterprise industrial odour control facility Qatar

Energy • Technology & Innovation

Matrix Renewables expands Spanish renewable energy portfolio with two new grid-connected projects

May 13, 2026

Matrix Renewables Spain projects large-scale solar energy infrastructure

Energy • Technology & Innovation

Nexans launches DC microgrid pilot for next-generation building electrification

May 12, 2026

Energy

Energy Independence Bill expected to reshape UK clean power policy

May 12, 2026

Renewable energy infrastructure and electric vehicle charging representing the UK Energy Independence Bill and clean power transition

Energy

Solar and heat pump sales surge UK as households move away from...

March 26, 2026

Solar and heat pump sales surge UK as households respond to rising energy price volatility, with...

Transport

EV pay-per-mile tax could add £260 million annual cost to UK...

March 26, 2026

EV pay-per-mile tax proposals could impose significant new costs on the UK’s fleet sector, with...

Bio-based cosmetic ingredients sourced from forest biomass supporting sustainable beauty production

Manufacturing & Recycling

Bio-based materials gain traction as cosmetics industry shifts...

March 25, 2026

Bio-based cosmetic ingredients are gaining momentum as the beauty industry responds to tightening...

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...