Company news - Page 2Stay up to date with the latest Company news updates from the global modern power systems industry
Shell buys into offshore wind
Oil giant Shell has signed an agreement to buy 100 % of Eolfi, a French renewable energy developer and specialist in the floating offshore wind energy sector.
EDF acquires Pivot
EDF Group has accelerated its development of battery storage and electric vehicle charging technologies with the acquisition of Pivot Power.
Fortum to acquire majority stake in Uniper
Fortum has entered into agreements to acquire a new stake in Uniper in excess of 20.5%.
Macquarie lays out 20 GW GIG investment plan
The Green Investment Group has outlined plans to develop 20 GW of renewable energy capacity around the world in the next five years.
Energy Vaults closes $110 million funding
Switzerland-based Energy Vault has closed a $110 million funding round with investment from SoftBank Group’s Vision Fund.
UK market revival is “crucial for E.ON”
E.ON SE has reported a steep fall in its adjusted Earnings Before Interest and Taxes (EBIT) by 12% at the end of the first half of 2019 compared to last year’s figures.
Senvion accelerates business review
WTG maker Senvion reports that discussions with potential bidders for its business are at “an advanced stage”.
E.ON acquires Coromatic
E.ON has acquired a 100 % stake in the Swedish company Coromatic, a leading provider of critical infrastructure in the Nordic region.
Siemens to spin off power and gas businesses
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
Wind turbine maker Senvion has secured €100 million in funding to help shore up its finances.
AES sells its Jordan and UK plants
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
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
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
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
Rolls-Royce and ABB have announced a global partnership on microgrid technology and advanced automation.
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.