Company news - Page 1Stay up to date with the latest Company news updates from the global modern power systems industry
Latest Company news Update
Invenergy has written to the Polish government to notify it of its...
> read more
E.ON and Fortum meets more resistance over sale of Uniper
Fortum’s plan to acquire Uniper from E.ON has raised concerns among Finnish policy makers as well as a new public attack from Uniper itself.
Exit Dong Energy, enter Ørsted
Dong Energy plans to change its company name to Ørsted, following its strategic transformation from fossil fuels to renewables.
Suez acquires GE’s water treatment business
SUEZ has completed the acquisition of GE Water & Process Technologies for €3.2bn in an all‐cash transaction.
Fortum bid ‘not in line with our strategy’ – Uniper
Fortum has launched a €8 billion takeover bid for Uniper after reaching a deal with E.ON over its shares in the company.
ABB to acquire GE Industrial Solutions
ABB is to acquire GE Industrial Solutions, GE’s global electrification technology business, for a consideration of $2.6 billion.
Total expands its renewables business
Total has acquired an indirect 23 % interest in EREN RE in a bid to grow its renewable energy business.
E.ON is close to selling its stake in Uniper
E.ON is reported to be in advanced negotiations regarding an agreement under which to which it would have the right to decide to tender its remaining Uniper stake in the course of...
Multinationals add weight to renewables initiative
An increasing number of global multinational brands are ‘realising the business benefits of using green energy’ and signing up to a global initiative known as RE100, according to...
A2SEA acquired by GeoSea
Dong Energy and Siemens have signed an agreement with Belgium based company GeoSea under which GeoSea will acquire full ownership of A2SEA.
Aggreko moves into the storage business
Power rental business Aggreko has announced a £40 million deal to buy Younicos, a firm specialising in battery storage control solutions.
Eesti Energia trades in Poland
Poland’s Energy Regulatory Office has issued Enefit, a subsidiary of Eesti Energia, with a permit to trade electricity and natural gas.
GE’s Jeff Immelt to step down
GE CEO and president Jeff Immelt is stepping down from his executive post in August, and as president at the end of the year.
Centrica sells UK gas firing assets
Energy firm Centrica is selling two gas-fired power plants in the UK and also says it will close its Rough gas storage facility as it shifts its business towards...
Vattenfall expands in UK
Vattenfall has expanded its business operations in the UK by acquiring gas and electricity retailer iSupplyEnergy.
Enbridge buys Albatros stake
Canadian energy firm Enbridge has bought a 49.9 % stake in the Albatros offshore wind farm in Germany.
Dong Energy sells off oil and gas division
As part of the process of transforming the company into an entirely renewables based enterprise Dong Energy has agreed to divest all the share capital of its oil and gas arm to INEOS.
Toshiba to split into four subsidiaries
Toshiba Corp, parent of Westinghouse Electric, is to split itself into four wholly owned subsidiaries by the end of the year.
GE completes LM acquisition
GE has completed the acquisition of Danish wind turbine blade supplier LM Wind Power.
Sale of GIB to Macquarie is confirmed
UK Climate Change and Industry minister Nick Hurd confirmed on 20 April that a deal had been agreed to sell the Green Investment Bank to Australian bank the Macquarie Group.
Peabody emerges from Chapter 11
Coal firm Peabody has emerged from Chapter 11 bankruptcy proceedings and re-listed on the New York Stock Exchange.