Category: 3. Business

  • Rolls-Royce SMR advances to final stage in Swedish nuclear competition

    Rolls-Royce SMR advances to final stage in Swedish nuclear competition

    Sweden is projected to require an additional 100–250 TWh of electricity over the next 25 years, and nuclear energy is set to play an important role in achieving that target. Vattenfall’s focus for the first units is at the Ringhals site on the Värö Peninsula, already home to a nuclear power station operated by Vattenfall.

    Each Rolls-Royce SMR ‘factory-built’ nuclear power plant will generate 470MWe of clean low-carbon electricity, enough to power a million homes for more than 60 years.

     

    Dan Gould, Rolls-Royce SMR
    M +44 (0) 7717 720809
    [email protected]
    https://www.rolls-royce-smr.com/


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  • India moves to sharpen weather forecasting amid renewable energy push

    India moves to sharpen weather forecasting amid renewable energy push

    India is working to significantly improve the accuracy of its weather forecasting systems to meet the growing demands of its renewable energy sector, a senior government official said on Friday.

    With solar and wind energy generation highly dependent on local weather conditions, the country is finding traditional broad-scale forecasts – such as state-wide or regional predictions – no longer sufficient.

    “You need a very, very granular forecast,” Central Electricity Authority Chair Ghanshyam Prasad said at a BloombergNEF Summit on green energy, adding that the ability to track cloud movements at specific locations was now critical.
    Currently, India’s forecast resolution – the precision of weather predictions over small time intervals or areas – does not match 15-minute operating cycles of the power grid, where weather conditions can shift rapidly, he said. The goal was to improve the resolution to minimum possible distances, he added.

    Beyond short-term forecasting, the government is also focusing on building long-term predictive tools that can aid planners in projecting weather trends over multi-year horizons.


    “Across the world, nobody has that kind of visibility to forecast weather for that kind of horizon,” Prasad said. “But we are trying to build long-range forecasting tools which can give us at least some predictions.” These developments are seen as critical for ensuring power sector stability as India scales up its reliance on renewable sources. “Until we are able to do that, probably we will not be able to sustain the power sector as such,” Prasad said.

    New Delhi has curbed its solar and coal power output during periods of low demand to keep its power grid stable and ease congestion in power lines as green supply rises, the Ministry of New and Renewable Energy (MNRE) told Reuters earlier this week.

    India added a record 22 GW of new solar and wind capacity in the first half of 2025 and is planning to increase non-fossil fuel power capacity to 500 GW by 2030.

    As part of its reforms, the CEA is also shifting from a five-year energy planning cycle to an annual model.

    “That’s a challenge that we have taken – if I do it every year, that means I will be able to capture the forecast better,” the official said.

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  • Better Power-Demand Forecasting Vital to India’s Renewable Goals

    Better Power-Demand Forecasting Vital to India’s Renewable Goals

    India needs to improve the way it forecasts power demand if it wants to inject more renewable energy into the grid while avoiding blackouts, according to Ghanshyam Prasad, chairman of the Central Electricity Authority.

    Generation has to reflect demand, Prasad said at the BloombergNEF summit in New Delhi on Friday, adding that 40 gigawatts of renewable capacity in the country is yet to find offtakers. The risk is the country ends up with stressed assets, something that the thermal power sector has experienced, he said.

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  • India moves to sharpen weather forecasting amid renewable energy push – Reuters

    1. India moves to sharpen weather forecasting amid renewable energy push  Reuters
    2. Indian clean energy developers urged to align growth with demand  Business Recorder
    3. New Delhi sharpens weather forecasts to safeguard power in cities  urbanacres.in
    4. Industry Leaders Urge Policy Push on RE Transmission and Distribution  outlookbusiness.com
    5. India urged to synchronise renewable expansion with demand  Invezz

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  • Commissioner inaugurates family park in Commissioner colony

    Commissioner inaugurates family park in Commissioner colony

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    Sargodha, Aug 22 (APP):Commissioner Sargodha Division Jahanzeb Awan on Friday inaugurated the newly constructed Family Park in Commissioner Colony.

    According to a spokesperson, the ceremony was attended by a large number of residents, dignitaries and officials, including Director General (DG) Parks and Horticulture Authority, Muhammad Arshad.

    Speaking on the occasion, the Commissioner said that despite limited resources, the administration was working diligently to enhance the city’s beauty and provide quality facilities to its residents. “The park features swings, benches, fencing, a variety of plants and a grassy ground, providing a pleasant environment for families to relax and enjoy”, he added.

    The Commissioner directed Sargodha Waste Management Company (SWMC) to place waste containers in the area to maintain cleanliness.

    On the occasion, the residents expressed gratitude to the Commissioner for his interest in developing the park and assured full ownership, maintenance and children also requested the conversion of an adjacent vacant land into a cricket ground, which will be considered by the authorities.

    The area was previously a dumping ground, causing foul odors and unsanitary conditions. The park’s construction was a significant improvement, reflecting the administration’s commitment to enhancing public spaces.

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  • Advancing in tandem – results of the 2024 BIS survey on central bank digital currencies and crypto

    Advancing in tandem – results of the 2024 BIS survey on central bank digital currencies and crypto

    Central banks’ involvement in central bank digital currency (CBDC) work remained strong in 2024. Of the 93 central banks surveyed, 91% (85) were exploring either a retail CBDC, a wholesale CBDC or both. At an aggregate level, the exploration of wholesale CBDCs is at more advanced stages than exploration of retail CBDCs. The focus and stage of the work and envisioned use cases and design features of CBDCs vary across jurisdictions. Yet, preserving the role of central bank money amid the decline of cash and the rise of tokenisation of traditional assets is a key driver for many central banks. More than one in three jurisdictions had also accelerated work on CBDCs in light of developments in stablecoins and other cryptoassets.

    JEL classification: E42, E58, O33

    Keywords: Central bank digital currencies, CBDC, digital innovation, cryptoassets, stablecoins, cross-border payments, tokenisation, tokenised bonds, interoperability, financial stability, regulation

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  • Oil prices set to end losing streak as Ukraine peace process stalls – Reuters

    1. Oil prices set to end losing streak as Ukraine peace process stalls  Reuters
    2. Oil prices fall on talks to end Russian invasion of Ukraine  Dawn
    3. WTI extends the rally to near $63.50 amid signs of stronger energy demand  FXStreet
    4. Oil extends gains amid signs of strong demand By Reuters  Investing.com
    5. Crude oil settled at $63.52  TradingView

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  • FI Micro Moments – Economic Crime and Corporate Transparency Act 2023

    FI Micro Moments – Economic Crime and Corporate Transparency Act 2023

    In this episode of our FI Micro Moments series, Joseph Hill, Product Executive at Marsh UK’s Financial Institutions team, is joined by Claire Garrett, Head of Financial Institutions at Marsh UK, to discuss a significant regulatory change set to impact financial institutions from 1 September 2025. As the sector faces evolving risks, understanding how to navigate new compliance requirements is crucial.

    Joseph and Claire explore what this change entails, who it affects most, and what steps institutions should take to stay ahead. Whether you’re responsible for risk management, compliance, or governance, this short video will provide clarity on the implications and practical considerations for your organisation.

    Watch our short video to hear more and learn how your broker can support you.

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  • Risk factors for further recurrences of Clostridioides difficile infection at the first and second recurrence: a retrospective cohort | BMC Infectious Diseases

    Risk factors for further recurrences of Clostridioides difficile infection at the first and second recurrence: a retrospective cohort | BMC Infectious Diseases

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  • Ericsson and partners launch Sweden-focused Sferical AI – Ericsson

    1. Ericsson and partners launch Sweden-focused Sferical AI  Ericsson
    2. Sweden’s Wallenberg groups launch joint AI company  CNA
    3. AstraZeneca, Ericsson, Saab, SEB, and Wallenberg Investments launch the company Sferical AI  MarketScreener
    4. Sweden’s Wallenberg companies to launch joint AI company  TradingView

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