Company news - Page 1Stay up to date with the latest Company news updates from the global modern power systems industry
Latest Company news Update
Lightsource BP has teamed up with Everstone Group to invest in green...
> read more
Statoil proposes name change
Norwegian oil major Statoil has proposed changing its name to Equinor in order to reflect its efforts to become a broad energy company.
RWE and E.ON reorganise amid huge mutual asset swap
As part of a far reaching exchange of assets and businesses E.ON and RWE agreed on 12 March that RWE would transfer its entire stake of 76.8 % in innogy to E.ON.
Hawaii kicks off renewable energy search
Hawaiian Electric has launched the procurement process for new, grid-scale renewable energy projects.
Skyline targets 3 GW in North America
Ardian Infrastructure and Transatlantic Power Holdings (TPH) have announced plans to team up to develop renewable energy projects in North America.
Vattenfall plans expansion of its solar portfolio
Vattenfall is to invest around €100 million in large-scale solar energy over the next two years as part of its plans to become fossil fuel-free.
Vattenfall forms alliance in French wind market
Vattenfall is taking a further step into the European wind energy market by forming an alliance to prepare it for bidding for an offshore wind tender in France.
Board changes at Ansaldo following resignation of the CEO
Filippo Abba’ has resigned as CEO of Ansaldo Energia, resulting in a shake-up of the Board.
Engie expands US portfolio with Infinity acquisition
Engie North America has expanded its presence in the USA with the acquisition of wind power developer Infinity Renewables.
Iberdrola plans to invest in clean energy
Iberdrola has announced plans to invest €32 billion over the next four years, it has announced.
Siemens’ first quarter profits fall 14%
Siemens has posted a 14 % decline in Q1 2017 industrial profit, dragged down by continued weak demand from the power and gas sector.
Strong performance from Ørsted/Dong
Ørsted, formerly Dong Energy, the international renewable energy company and world’s largest offshore wind developer, announced on 1 February its full year results for 2017. The...
Masdar joins forces with Cepsa
Global energy firm Cepsa and Abu Dhabi-based Masdar have signed an agreement to collaborate in the development of renewable energy projects.
Westinghouse acquired by Brookfield
Toshiba subsidiary Westinghouse Electric, which filed for chapter 11 bankruptcy protection in March of last year, has found a buyer.
EP Holding adds to its lignite/coal portfolio
RWE Power and EnBW are selling their interests in the Hungarian electricity producer Mátrai Erőmű Zrt to a consortium of the Czech holding company EP Holding and the Hungarian...
Major reorganisation at RWE
For RWE the recently announced sale of its Hungarian assets forms part of the reorganisation of its conventional generation division, accompanied by cost-cutting in its renewables...
Dominion, Scana agree merger
Dominion Energy has agreed an all-stock deal to buy fellow US utility Scana in a bid to cement its position as one of the largest and fastest-growing energy companies in the country.
Tocardo files for bankruptcy protection
Dutch tidal energy technology firm Tocardo has filed for bankruptcy protection after failing to reach agreement over a buyout with a major shareholder.
GE to ‘reduce its global head count’
GE Power has announced that it plans to reduce its global head count by approximately 12 000 positions, affecting both professional and production employees.
Opra Turbines acquired by Dalian Energas
China's Dalian Energas Group has completed its acquisition of gas turbine manufacturer OPRA Turbines BV.
Engie sells its stake in Loy Yang power plant
Engie and Mitsui have reached an agreement with China’s Alinta Energy to sell the Loy Yang B coal-fired power plant in Australia.