Company news - Page 2Stay up to date with the latest Company news updates from the global modern power systems industry
Trials of network storm protection to be carried out
SP Energy Networks has invested £386 000 to carry out extensive UK trials of Groundline’s new ‘THOR Hammer’ resilience technology.
Roll-Royce to sell its nuclear I&C business
Rolls-Royce has signed an agreement to sell its civil nuclear instrumentation and control business to Framatome. The business includes all the Rolls-Royce activities and teams based...
GE HA order for Naepo CHP plant
GE has secured an order to supply power generation equipment for Naepo Green Energy’s new district heating and power plant located in the centre of Naepo City, South Korea. GE will a...
Vattenfall offers to sell Berlin grid
Vattenfall has offered to sell to the State of Berlin all its shares in Stromnetz Berlin GmbH, a partial successor of the municipal utility BEWAG, that has operated Berlin's power...
10th birthday present for Nova Innovation
Nova Innovation is celebrating its 10th birthday with the successful expansion of the world’s first tidal array. The company has confirmed a step-change cost reduction in tidal energy...
Hitachi ABB to acquire Pioneer Solutions
Hitachi ABB Power Grids has signed a definitive agreement to acquire Pioneer Solutions LLC, a provider headquartered in Denver, Colorado, USA of front-to-back-office...
bp enters offshore wind market
Oil giant bp (formerly BP) and Equinor have announced the formation of a new strategic partnership to develop offshore wind projects in the USA. This includes the development of...
GE to exit new build coal power market
GE announced on 21 September that it intends to exit the new build coal power market, subject to applicable consultation requirements. GE’s Steam Power business will work with...
Rolls-Royce launches Power Lab to drive future technologies
Rolls-Royce with its Power Systems business has set up a new organisational unit, 'Power Lab', to focus on innovative and net zero carbon drive and energy solutions. Power Lab...
Electricity demand slump hits Orsted’s earnings
Danish wind giant Orsted reported an 18% drop in second-quarter earnings on 12 August, largely owing to lower electricity demand across Europe following coronavirus lockdown measures.
MAN outlines restructuring programme
To maintain its future viability, MAN Energy Solutions has decided on a restructuring plan involving staff reductions and the closing of its steam turbine division. The executive...
Hitachi ABB Power Grids commences operations
In accordance with the agreement signed in December 2018, Hitachi Ltd and ABB Ltd have announced the completion of all required procedures, and the formation of Hitachi ABB Power...
‘One share for two’ Siemens Energy shares
Siemens AG has published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting to be held 9 July 9, 2020.
EDP sells two Spanish plants
Portugal’s EDP has agreed to sell two Spanish combined-cycle gas turbine (CCGT) plants with a combined 843 MW of capacity and a portfolio of residential power and gas customers to Total.
Siemens Gamesa restarts production in Spain
Siemens Gamesa has been able to restart production at its production sites in Spain after the government eased restrictions put in place to combat the coronavirus pandemic.
Foresight and Belltown join forces
Foresight Group and Belltown power have created a joint venture to develop Belltown’s pipeline of greenfield onshore wind energy projects across the UK.
Equinor launches climate roadmap
Equinor has pledged to expand its renewable energy portfolio tenfold over the next five years as part of a new climate roadmap designed to bring the company in line with the goals of...
Total offloads French renewables
French oil major Total has sold a 50 per cent stake in a 143 MW portfolio of renewable energy assets in France to help it finance the construction of new wind and solar energy assets.
Elgin funds UK developments
Elgin Energy has secured £4.7 million of capital from Irish investors for the completion of a 250 MW pipeline of UK solar farms.