Business

February 19, 2020 — Leading marine energy developer Minesto has signed a power purchase agreement (PPA) with the Faroese electric utility company SEV, advancing the parties’ collaboration to integrate tidal energy in the Faroe Island’s electricity mix. The PPA comprises both the planned installations of two 100kW systems of Minesto’s subsea kite technology and an […]

A recent study from Global Market Insights, a global market research and management consulting company, shows the value of the global transformer market will exceed $90 billion by 2026. The company has a market report dedicated to the global transformers market. Ankit Gupta, a research manager at Global Market Insights, recently answered some questions from POWER […]

Responding to a request from a Democrat-led U.S. House committee, the federal International Trade Commission (ITC) is investigating how New England’s increasing renewable targets are economically affecting the region, and what role renewable imports play in meeting those commitments. The ITC, an independent, nonpartisan and quasi-judicial federal agency that also provides fact-finding as it relates […]

An energy and finance research group on Feb. 18 said Siemens Gamesa Renewable Energy’s (SGRE’s) offshore wind installations make it far and away the market leader in that category, while Danish wind turbine manufacturer Vestas continues to lead the onshore and overall wind turbine market. The report published Tuesday from BloombergNEF (BNEF) said Vestas took […]

PIERRE, S.D., Feb. 18, 2020 — Geronimo Energy (Geronimo), a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced today the execution of a Power Purchase Agreement (PPA) for the Wild Springs Solar Project (Wild Springs). Wild Springs is a 128 megawatt (MW) clean solar energy project located in Pennington County, South Dakota, […]

Paris, FRANCE – February 18, 2020 – GE Renewable Energy (NYSE: GE) announced today that Heiner Markhoff has been named vice-president and CEO of Grid Solutions, effective March 20, 2020. Markhoff has a track record of growth, transformation and operational performance in diverse global businesses. He will be based in Paris, France. Markhoff replaces Reinaldo […]

SYDNEY, Feb. 18, 2020 — Signal Energy Australia Pty Ltd has partnered with WIRTGEN INVEST, a German investment company, to lead the engineering, procurement, and construction (EPC) effort on the Glenrowan West Solar Farm. Signal Energy Australia is a wholly owned subsidiary of Signal Energy, a leading design/build contractor providing EPC services to the renewable energy industry. […]

Siemens has received another order from Belarus to supply equipment for a peak load power plant. The order was placed by the state-run energy provider RUE Minskenergo. The six SGT-800 industrial gas turbines, like the five machines of the same type that Siemens is supplying for the Vitebsk region, will increase the grid’s reliability and […]

NEW ORLEANS, LA. (Feb. 18, 2020) – Bernhard and ProStar Energy Solutions (ProStar) announced todayan agreement with HealthTrust to offer Energy-as-a-Service solutions to member hospitals and health systems nationwide. The agreement offers HealthTrust members a comprehensive choice of services including engineering design, construction, operations & maintenance and financing that are designed to reduce energyconsumption. “The […]

PARIS – 18 February – GE Power (NYSE: GE) has recently successfully delivered the variable speed drive system (VSDS) and an e-house to the petrochemical plant by Shell Nederland Chemie B.V. GE’s VSDS, encompassing the high-speed induction motor and the variable speed drive, can reach steadily over approximately 90 percent energy efficiency for the compressor […]