Nordic Solar has commenced operations at a new battery plant in Södertälje, Sweden, with a capacity of 9MW/18MWh. This facility aims to enhance stability in the Swedish electricity grid and represents a key strategic development for the company.
Hexagon AB completed the sale of its Design & Engineering business to Cadence Design Systems for approximately €2.7 billion in cash and stock. The transaction aligns with Hexagon's strategy to focus on core precision measurement and robotics solutions. The sale is expected to yield a gain of around €1.4 billion after costs. Cadence anticipates the acquisition will add approximately $160 million in revenue in 2026.
Defence City in Ukraine, aimed at bolstering the defense-industrial complex, has only one resident company after two months. Expert Ihor Harbaruk cites the need for systemic state support and legislative reforms. He emphasizes the importance of quality control in defense production and suggests that criteria for residency are not unrealistic but require proper documentation. The initiative aims to create favorable conditions for defense production, including tax exemptions and simplified customs procedures, while stressing the need for accountability in criminal proceedings against potential residents.
UPS will close its Atlanta Hub on Marvin Miller Drive on March 2, 2026, as part of a plan to shut down around 24 facilities nationwide. This decision is aligned with the company's cost-cutting strategies and aims to enhance operational efficiency. The closure will impact employees at the facility, and UPS is assessing support options for affected staff. Automation technologies will be introduced to improve performance and maintain service quality.
In 2025, China launched over 120 remote-sensing satellites, increasing its total to over 640 and maintaining its second-place global ranking. The country's commercial satellite sector has seen rapid growth, with advancements in technology and applications. The Hainan commercial spacecraft launch site aims for 60 launches annually, with new launch pads expected by the end of 2026. Wenchang has attracted over 700 aerospace enterprises and is expanding its commercial aerospace capabilities. The sector is shifting towards market demand, with significant implications for satellite data integration.
