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Largest sand battery in the world launches in Finland
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Largest sand battery in the world launches in Finland

Polar Night Energy has built an industrial-scale sand battery in Pornainen for Loviisan Lämpö’s district heating network. The new sand battery delivers 1MW of thermal power and offers a storage capacity of 100MWh, making it 10 times larger than the Sand Battery launched in Kankaanpää in 2022.

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Ørsted secures project financing for Taiwan wind farm

Ørsted has reached financial close on a project finance package with 25 banks and five Export Credit Agencies (ECAs) to raise approximately TWD90bn (about DKK20bn) for the 632MW offshore wind farm Greater Changhua 2. This is part of the financing structure for the project, on which Ørsted simultaneously is progressing as planned with an equity divestment expected to be completed once the project is operational. The transaction ensures further progress on both Ørsted’s partnership and divestment programme and its strategic priorities.

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PMI shines a light on sustainability and AI

The Project Management Institute (PMI) has published a report called ‘Sustainability in the Age of AI: The Integration Imperative’. It demonstrates that AI can be a critical enabler in helping organisations more effectively pursue their sustainability goals. The report says AI can be used to generate short-term cost savings while illuminating the long-term benefits of a comprehensive sustainability strategy.

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House of Hackney: people, planet and profit

House of Hackney has launched a debt crowdfunding campaign with B-Corp bank, Triodos, and is issuing a bond with the aim of buying out its private equity partners to accelerate its mission “to leave our planet better than we found it”.

A call for transformation, growth and adaptability
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A call for transformation, growth and adaptability

This is why we are called The Dragonfly Files. If the dragonfly is a symbol of all three – transformation, growth and adaptability – then let’s be informed by its joyful lifecycle transformation, the lightness of spirit with which it matures and the freedom with which it adapts. Global business and all its institutions would do well to take note.