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WeWork names Claudio Hidalgo as COO amid bankruptcy proceedings
Real Estate

WeWork names Claudio Hidalgo as COO amid bankruptcy proceedings

WeWork Inc, the shared office space provider, announced on Tuesday that Claudio Hidalgo, an internal appointee, has been named as the new Chief Operating Officer. Hidalgo previously held the position of COO Americas from June to November of the current year, and he served as COO Latin America from April 2020 to August 2022. He takes over the role from Anthony Yazbeck, who resigned in October.

Once regarded as the most valuable startup in the U.S., WeWork filed for bankruptcy protection last month due to its inability to generate demand for office-sharing spaces in the aftermath of the pandemic. The SoftBank-backed company aims to address over $4 billion in debt and tackle unsustainable future rent costs through its bankruptcy plan.

WeWork Inc, the shared office space provider, announced on Tuesday that Claudio Hidalgo, an internal appointee, has been named as the new Chief Operating Officer. Hidalgo previously held the position of COO Americas from June to November of the current year, and he served as COO Latin America from April 2020 to August 2022. He takes over the role from Anthony Yazbeck, who resigned in October.Once regarded as the most valuable startup in the U.S., WeWork filed for bankruptcy protection last month due to its inability to generate demand for office-sharing spaces in the aftermath of the pandemic. The SoftBank-backed company aims to address over $4 billion in debt and tackle unsustainable future rent costs through its bankruptcy plan.

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Infrastructure Energy

Reliable Energy Storage Vital for 24/7 Renewable Power: TKIL

Reliable, scalable, and efficient energy storage systems are essential to ensuring uninterrupted renewable energy supply, said engineering firm TKIL Industries at the India Energy Storage Week (IESW) 2025.India aims to achieve 500 GW of renewable energy capacity within the next five years.Speaking at IESW, organised by the India Energy Storage Alliance (IESA), Vivek Bhatia, Managing Director and CEO of TKIL Industries, emphasised that the country’s energy sector is experiencing a major transformation. This shift is being driven by innovations in storage technology, aimed at improving grid re..

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Infrastructure Energy

IIT Madras, Hyundai Launch £17m Hydrogen Research Centre

The Indian Institute of Technology Madras (IIT Madras) and Hyundai Motor India Ltd (HMIL) have announced the establishment of the Hyundai HTWO Innovation Centre, a cutting-edge hydrogen research facility set to begin operations by 2026.The Rs 180 crore (approx. £17 million or USD 21.5 million) project will be located at IIT Madras' Discovery Campus in Thaiyur, near Chennai. Of the total, Rs 100 crore (approx. £9.4 million) has been committed by HMIL and its philanthropic arm, Hyundai Motor India Foundation (HMIF), with support from the Government of Tamil Nadu and its investment promotion ag..

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Infrastructure Energy

India’s Hydrogen Demand to Hit 8.8 MTPA by 2032: IESA Report

India’s hydrogen demand is projected to grow at a compound annual growth rate (CAGR) of 3 per cent, reaching 8.8 million tonnes per annum (MTPA) by 2032, according to a report released by the India Energy Storage Alliance (IESA).Unveiled on the first day of the India Energy Storage Week (IESW) 2025, the report points out a gap between ambitious project announcements and actual progress. While green hydrogen (GH₂) projects totalling 9.2 MTPA have been announced, only a limited number have reached Final Investment Decision (FID) or secured long-term domestic or international offtake agreemen..

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