Company news - Page 1Stay up to date with the latest Company news updates from the global modern power systems industry
Latest Company news Update
Oil giant bp (formerly BP) and Equinor have announced the formation of a...
> read more
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.
Wessex Archaeology launches offshore venture
Archaeological services firm Wessex Archaeology has launched a new subsidiary to provide advice and services to the European offshore renewable energy industry.
MHPS ends with boiler settlement
MHI and Hitachi have settled their dispute relating to problematic MHPS boiler projects at coal fired power plants in South Africa. One outcome is that Hitachi will withdraw from the...
PKN Orlen launches Energa takeover
The Polish utility has announced plans to take over local utility Energa.
Invenergy confirms Colombian partnership
Invenergy has signed a strategic partnership agreement with Colombian utility EPM to build up to 500 MW of renewable energy capacity in the country by 2025.
Engie boosts growth with Renvico acquisition
Engie has invested in a 329 MW wind farm portfolio in Italy and France.
EDF accelerates growth of its renewables portfolio
French energy major EDF has achieved a 70 % increase in gross renewable energy capacity over the last five years, the company has announced.
GIG buys US solar-storage specialist
Green Investment Group (GIG) has completed the acquisition of Savion, a solar and storage project development company focused on commercial-scale projects in the USA.