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Saturday, September 5, 2026

Tag: transfer

Four Republic Services Employees Named Industry’s Best at 2026 National Waste & Recycling Association’s Awards Gala

National Waste & Recycling Association recognized two company drivers, an operator and a technician for outstanding safety, performance and servicePHOENIX, June 15, 2026 /PRNewswire/...

Statkraft to pump more water into Blåsjø reservoir

(Oslo, 14 June 2026) – Statkraft has decided to build the Blåfjell Pump, which will channel more water directly into Blåsjø, Norway’s largest hydropower reservoir. This will increase production in the Ulla-Førre power plants by 54 GWh. Four local and regional suppliers have been awarded contracts worth a total of NOK 250 million.

Thee four construction contracts have been awarded to contractors from Karmøy, Suldal, Voss and Grenland. Work on the pumping facility starts already this week.

Norway’s battery
Blåsjø is Norway’s largest “hydropower battery”, where water can be stored for several years to balance out weather-related variations between dry and wet years. The reservoir stretches across Ryfylke and Setesdal and is Norway’s largest reservoir in terms of stored energy.

In Hjelmeland municipality, just west of Blåsjø, there are three smaller lakes whose water currently flows down to Stølsdal power plant at a lower level in the Ulla-Førre system. Due to flood losses and constraints in this watercourse, the water can be used much more efficiently by instead being lifted around 60 metres up into the Blåsjø reservoir. The measure will increase electricity production in the NO2 price area by 54 GWh, equivalent to the annual electricity consumption of around 2,700 Norwegian households.

“Finally, after many years of planning and adjustments, we have found a profitable way to carry out the project. Getting more water into Blåsjø is perhaps one of the most valuable things we can do for society, because the reservoir can store the water for several years and we increase generation in existing hydropower plants. In this way, significantly more energy can be generated from an already developed system, with limited additional impact on nature,” says Executive Vice President for Development in Statkraft, Pål Otto Eide.

Statkraft recently announced that the company plans to invest NOK 70 billion in Norwegian hydropower over the next ten years, and the Blåfjell Pump project is part of this strategy.
“The Blåfjell Pump is one of many projects Statkraft is carrying out to help build and strengthen Norway. In total, our investments in the coming years represent one of the largest industrial boosts in the country,” says Eide.

Work starts now
The project includes a transfer tunnel, a pumping station inside the mountain, as well as several smaller transfer structures. The work will have a total cost of approximately NOK 300 million and starts this week, aiming to commission the pump by December 2027.

At the same time as the pumping facility is being built, Statkraft will also carry out improvements required by the Norwegian Water Resources and Energy Directorate (NVE) on four dams at the western end of Blåsjø. The plan is to complete all work during 2028.

Local ripple effects
For this project, Statkraft has chosen a contract strategy that has enabled participation from national, regional and local contractors alike. Among other things, the construction work has been split into four different contracts.

“It has been important for us to facilitate a form of competition where contractors can do what they do best, and where the contractors we also need in our day-to-day operations are able to take part in the bidding. We have noticed that there is less activity in the construction market, and competition for the contracts has been strong,” says Tor Oxhovd Svalesen, who has led the development of the project.

For further information, please contact
Nina Nerbøvik Holand, media spokesperson Statkrfaft AS
Tel: +47 48 22 17 75
E-mail: ninh@statkraft.com

MicroLED Interconnect Market to Reach USD 722.0 Million by 2033, Driven by AI Infrastructure Expansion and High-Performance Computing Demand

Grand View Research Analysis Highlights Rapid Adoption of Energy-Efficient Optical Interconnect Technologies Across AI Data Centers and Advanced Semiconductor ArchitecturesSAN FRANCISCO, June 14, 2026...

MicroLED Interconnect Market to Reach USD 722.0 Million by 2033, Driven by AI Infrastructure Expansion and High-Performance Computing Demand

Grand View Research Analysis Highlights Rapid Adoption of Energy-Efficient Optical Interconnect Technologies Across AI Data Centers and Advanced Semiconductor ArchitecturesSAN FRANCISCO, June 14, 2026...

GraniteShares Announces Forward Splits

NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- This announcement amends the effective date (or ex-date) previously circulated on June 08, 2026.

Bitmine Immersion Technologies Announces Initial Dividends and NYSE Listing for Series A Preferred Stock

Bitmine's Board of Directors declares initial cash dividends on the Company's 9.50% Series A Perpetual Preferred StockSeries A Preferred Stock approved for listing on...

M3-Brigade Acquisition V Corp. Announces Cancellation of Extraordinary General Meeting of Shareholders to Approve Business Combination

NEW YORK, June 12, 2026 /PRNewswire/ -- M3-Brigade Acquisition V Corp. (Nasdaq: MBAV) (the "Company"), a special purpose acquisition company, today announced that it...

SpaceX IPO Warning (Crowdability Private Market Profits Newsletter) The Early-Stage Playbook with Exclusive Pre-IPO Research

Paradigm Press Private Market Profits: Matt Milner and Wayne Mulligan monthly investment research newsletter on private-market themes, 2026.

Pilgrim’s Announces Investment in Ellijay, Georgia to Strengthen Operations and Align With Growing Consumer Demand

GREELEY, Colo., June 12, 2026 (GLOBE NEWSWIRE) -- Pilgrim’s today announced a strategic investment to expand and modernize its Ellijay, Georgia poultry facility, strengthening the company’s ability to meet evolving consumer preferences, support key customer growth, and enhance long-term operational excellence.

NYSE Content Update: Fifth Third Bancorp Celebrates Historic Listing Transfer

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, June 12, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides...

Beijing China-Germany Forum for Industrial Cooperation and Development — China-Germany (China-Europe) Hidden Champions Forum 2026 Held

BEIJING, June 12, 2026 (GLOBE NEWSWIRE) -- On May 25, the Beijing China-Germany Forum for Industrial Cooperation and Development -- China-Germany (China-Europe) Hidden Champions Forum 2026 commenced at the China-Germany International Conference and Exhibition Center in Shunyi District, Beijing. Themed "Joint Innovation • Integrated Development", the forum is co-hosted by the Shunyi District People's Government and the European Senate of Economy, and jointly initiated by the International Cooperation Center (ICC) of the National Development and Reform Commission (NDRC), among others. The forum brought together over 400 Chinese and international participants, including nearly 100 political and business figures, as well as heads of Hidden Champion enterprises from Germany and other parts of Europe.

Binance Exchange Launches bStocks Tokenized Securities: 1:1 Backing and 24/7 Trading

ISLAMABAD, June 12, 2026 /PRNewswire/ -- Binance Exchange today announced the admission to trading of bStocks, fully-backed tokenized securities representing select U.S. stocks issued...

Dividend payment ex-date of AS Tallink Grupp

The General Meeting of Shareholders held on 19 May 2026 decided to pay the shareholders dividends of EUR 0.06 per share. The dividends will be paid to shareholders by transfer to their bank accounts in two instalments of EUR 0.03 per share each, on 1 July 2026 and 24 November 2026.

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