Company news - Page 2Stay up to date with the latest Company news updates from the global modern power systems industry
Tesla to acquire Maxwell Technologies
Tesla has agreed to acquire Maxwell Technologies, an ultra-capacitor and electric vehicle battery manufacturer, for $218 million.
ScottishPower updates investment plans
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
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
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
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
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
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
Danish energy giant Orsted has set out new, ambitious goals for its business future.
GE has announced a new senior management team for its power segment, which is being reorganised into two businesses.
Orsted acquires Deepwater Wind
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
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
The Asian Development Bank (ADB) has approved a $40 million loan for a novel distributed renewable energy and energy storage system in Mongolia.
German banks back Primorskaya project
DTEK Renewables has raised €90 million in debt financing for the construction of the first phase of the Primorskaya wind farm in the Ukraine.
MAN Diesel & Turbo realigns itself
MAN Diesel & Turbo has renamed itself MAN Energy Solutions in a move that it says represents a new vision, a new strategic alignment that marks its future path.
Wärtsilä is making significant investment in Finland
Wärtsilä is building a new centre of research, product development and production, in Vaskiluoto, Vaasa, and has named it the Smart Technology Hub.
Sempra moves to wrap up Oncor acquisition
Sempra is making a public stock offering of $1.6 billion to help wrap up its purchase of the entire stock of Oncor, the largest utility in Texas.
Ørsted acquires Lincoln
Ørsted has gained a foothold in the US onshore wind energy sector with the acquisition of Lincoln Clean Energy.
Mercedes makes first deal with Polish PPA
Mercedes-Benz has signed the first corporate renewable power purchase agreement in Poland.
BioTherm closes renewables projects in South Africa
BioTherm Energy has reached financial close on a 284 MW portfolio of wind and solar projects in South Africa.