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Stay up to date with the latest Company news updates from the global modern power systems industry

Latest Company news Update

E.ON acquires Coromatic
12 July, 2019
E.ON has acquired a 100 % stake in the Swedish company Coromatic, a...
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Siemens to spin off power and gas businesses
Thursday, May 09, 2019 by Global energy giant Siemens is to undergo a fundamental transformation by spinning off its gas and power divisions into a new entity.

€100 million loan rescues Senvion
Thursday, May 02, 2019 by Wind turbine maker Senvion has secured €100 million in funding to help shore up its finances.

AES sells its Jordan and UK plants
Thursday, April 25, 2019 by AES has signed agreements to sell its interests in six power plants in Jordan and the UK for $211 million, it has announced.

Wärtsilä providing seed funding to Soletair Power Oy
Thursday, April 18, 2019 by Wärtsilä has agreed to provide Euros 500 000 in seed funding to Soletair Power Oy, a Finland based startup company operating in the field of 'Power-to-X'.

Engie, Tokyo Gas create renewables JV
Thursday, April 18, 2019 by Engie and Tokyo Gas Co. Ltd Have announced plans to create a new joint venture to develop renewable energy projects in Mexico.

EGP buys 13 GW Tradewind pipeline
Thursday, April 11, 2019 by Enel Green Power (EGP) says it has closed a deal to purchase Kansas-based renewable developer Tradewind Energy, Inc.

Rolls-Royce and ABB announce global microgrid co-operation
Thursday, April 04, 2019 by Rolls-Royce and ABB have announced a global partnership on microgrid technology and advanced automation.

Tesla to acquire Maxwell Technologies
Monday, March 18, 2019 by Tesla has agreed to acquire Maxwell Technologies, an ultra-capacitor and electric vehicle battery manufacturer, for $218 million.

ScottishPower updates investment plans
Thursday, March 07, 2019 by ScottishPower has updated its investment strategy following the sale of its thermal generation business to Drax earlier this year.

Senvion plan to combat weak financial results
Friday, March 01, 2019 by Senvion says it will implement a new transformation plan to stabilise its financial position and eliminate the inefficiencies that caused the recently-reported loss of revenues and profits.

Lahmeyer rebranded as Tractebel
Friday, February 15, 2019 by German engineering and consulting company Lahmeyer International is now operating under the Tractebel brand with the new company name Tractebel Engineering GmbH.

Orsted strengthens Eversource partnership
Friday, February 15, 2019 by Orsted has sold a 50 per cent stake in some of its recently-acquired US offshore wind projects to US utility Eversource.

Masdar and Taaleri launch joint venture
Monday, January 21, 2019 by Masdar and Taaleri are aiming to explore opportunities in the central and east European renewable energy sector through a new joint venture partnership.

Volkswagen to become an electricity supplier
Friday, January 11, 2019 by Volkswagen is establishing a new group company to sell energy offerings and charging solutions to the domestic and commercial markets.

Orsted sets out new green goals
Wednesday, December 05, 2018 by Danish energy giant Orsted has set out new, ambitious goals for its business future.

Rice returns
Monday, November 26, 2018 by GE has announced a new senior management team for its power segment, which is being reorganised into two businesses.

Orsted acquires Deepwater Wind
Tuesday, October 16, 2018 by Orsted has signed an agreement with D. E. Shaw Group to buy the Deepwater offshore wind energy project in the USA.

Statkraft acquires Element Power Group
Tuesday, October 16, 2018 by Statkraft has boosted its position in Ireland’s and the UK’s renewable energy sectors with the acquisition of Element Power Group.

ADB supports Mongolian distributed energy system
Monday, October 08, 2018 by The Asian Development Bank (ADB) has approved a $40 million loan for a novel distributed renewable energy and energy storage system in Mongolia.

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