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

Reduced Russian gas flow heavily impacts Uniper’s H1 2022 results
Tuesday, August 23, 2022 by Uniper’s reported results for the first half of 2022 showed heavy losses, owing to the impact of reduced gas imports from Russia.

Drax reports increased profits and renewables progress
Tuesday, August 02, 2022 by In its first half 2022 performance figures Drax Group has reported strong financial performance, and developments in its investment in renewables.

ABB to spin off its Accelleron business
Tuesday, July 26, 2022 by ABB to spin off its turbocharging division Accelleron and list the company on the SIX Swiss Exchange. The transaction will “allow both ABB and Accelleron to focus on their respective...

GE energy businesses to be re-branded GE Vernova
Tuesday, July 19, 2022 by GE has announced the brand names of the future companies it will create through its planned separation during the next two years into three global, investment-grade public...

RWE halts personnel early retirements as coal firing is ramped up
Tuesday, June 21, 2022 by RWE, Germany’s largest energy company, has halted early retirement of employees in reaction to the government’s decision to increase the use of coal-fired power while gas supplies...

RWE issues €2 billion green bond
Tuesday, May 24, 2022 by RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the...

Gas Technology Institute re-named GTI Energy
Tuesday, May 03, 2022 by The Gas Technology Institute, located in Des Plaines, Illinois, has updated its name to GTI Energy to ‘reflect the breadth of its mission and capabilities across energy systems’....

Aggreko commits to greener fuels switch
Wednesday, April 06, 2022 by Power rentals major Aggreko has confirmed its commitment to reaching net zero emissions by beginning the transition from diesel to greener fuel sources in its fuel management...

Assessment of H2 plant readiness at Grain
Wednesday, March 30, 2022 by GE has announced that is has commenced its hydrogen plant readiness assessment of Grain power station in Kent, England, which is the newest combined-cycle gas turbine (CCGT) power...

Voith completes the acquisition of Voith Hydro
Tuesday, March 08, 2022 by On 1 March, following receipt of all the necessary official approvals, Voith successfully completed the acquisition of the remaining shares in Voith Hydro from its former joint...

Vestas and Ørsted named as world’s most sustainable companies
Tuesday, January 25, 2022 by Prominent Danish energy companies Vestas and Ørsted have been named as world leaders in sustainable energy in the annual accolades published by Corporate Knights.

VINCI completes the acquisition of ACS energy business
Wednesday, January 05, 2022 by VINCI’s acquisition of ACS’s energy business Cobra IS for a consideration of €4.9 billion was completed on 31 December following an agreement entered into on 1 April 2021.

Langley completes acquisition of Bergen from R-R
Tuesday, January 04, 2022 by Langley Holdings has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for a consideration of €91 million. €16 million of cash held within Bergen Engines...

Vestas recovering from cyber attack
Wednesday, November 24, 2021 by Integrated wind company Vestas has started restoring IT systems after a cyber security breach caused it to shut down internal operations on 19 November.

Rolls-Royce to deliver mtu engines to China
Tuesday, November 16, 2021 by The Rolls-Royce business unit Power Systems has signed contracts and agreements with Chinese partners and customers from the four industrial sectors power generation, construction...

GenCell and E.V. Motors to facilitate off-grid EV charging
Tuesday, November 16, 2021 by Israeli company GenCell Energy has signed an agreement with E.V. Motors to co-operate on the development of a joint project integrating GenCell’s alkaline fuel cells with E.V....

Siemens Energy transfers joint venture stake to Voith
Tuesday, October 26, 2021 by Siemens Energy and Voith have agreed that Voith will take over Siemens Energy's 35 % stake in the joint venture Voith Hydro. The parties have agreed not to disclose the purchase...

ENEOS to acquire Japan Renewable Energy for $1.8bn
Tuesday, October 19, 2021 by Japanese refiner ENEOS Holdings, through its subsidiary ENEOS, has agreed to acquire Japan Renewable Energy (JRE) for about JPY200bn ($1.8bn).

Green hydrogen production plan for Pakistan
Wednesday, October 13, 2021 by Oracle Power PLC, the international natural resources project developer, has signed a non-exclusive co-operation agreement with PowerChina International Group with the objective...

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