Business

Valmet will supply automation technology to Pori Energia Oy’s Aittaluoto biomass power plant in Pori, Finland. The target of the company’s Aittaluoto 2020 project is to replace the outdated low-efficiency power plant processes, decrease the use of fossil fuels in energy production, and meet the operational requirements of the industry in the area. The modernization […]

CPV and Osaka Gas USA solidify shared commitment to helping meet energy demands in the U.S. Silver Spring, MD, Dec. 17, 2018 (GLOBE NEWSWIRE) — Competitive Power Ventures (CPV) has finalized the sale of 25 percent of its ownership interests in the CPV Towantic Energy Center (CPV Towantic) to Osaka Gas USA (OGUSA). CPV and […]

Hitachi Ltd. and ABB could announce an $11 billion deal as soon as December 17 in which Hitachi will acquire 80% of ABB’s power grids unit. Reports of the possible deal surfaced December 16, with Bloomberg and others citing sources familiar with the agreement who asked not to be identified. Neither ABB nor Hitachi commented […]

Equinor, Mayflower Wind Energy, and Vineyard Wind placed winning bids totaling $405 million to begin planning wind farms WASHINGTON—A highly-competitive auction for three offshore wind lease areas off the coast of Massachusetts concluded today with winning bids totaling a record-breaking $405 million dollars from Equinor; Mayflower Wind Energy, a Royal Dutch Shell and EDP Renewables […]

Additional Diablo Canyon Power Plant Proposal Affirms PG&E’s Commitment to Meet California’s Renewable and Clean Energy Goals SAN FRANCISCO–(BUSINESS WIRE)–Reflecting the company’s commitment to address the growing threat of wildfires, PG&E is proposing a series of important additional safety investments as part of its 2020 General Rate Case (GRC) to help further protect the 16 […]

Company’s New Sustainability Report Also Details Operational and Environmental Improvements NEW YORK – Consolidated Edison, Inc. (NYSE: ED) (“Con Edison”) announced today that its subsidiary has completed its previously announced purchase of a Sempra Energy subsidiary that owns 980 megawatts (MW) AC of operating renewable electric production projects and certain development rights for additional solar electric […]

Siemens on December 11 said it would lay off about 200 workers at a gas turbines parts and components service center in Houston, Texas, sometime in late 2019 or early 2020. A company spokesperson made the announcement Tuesday, saying the cuts are due to weak global demand for the company’s turbines. Siemens in a statement […]

WILMINGTON, North Carolina—December 10, 2018—GE Hitachi Nuclear Energy (GEH) announced today its intent to acquire the business and certain assets of REI Nuclear, LLC (REI Nuclear), a Columbia, South Carolina-based decommissioning technology and tooling design company. Subject to ongoing discussions, the acquisition is expected to close by the end of 2018. REI Nuclear specializes in […]

Siemens Gamesa will supply 60 units of its SG 4.5-145 wind turbines with a flexible power rating of 4.2 MW to Enel Green Power’s Parque Amistad III and IV wind farms in Coahuila, Mexico Projects were awarded during the 2017 Mexican Auction Siemens Gamesa Renewable Energy made a big step forward in strengthening its product […]

Wood has won a major contract from Magnox Ltd to retrieve, process and dispose of radioactive waste from a UK nuclear power station that is being decommissioned. The construction, design and management project will involve the removal of 47m³ of radioactive wet waste stored in tanks at Dungeness A in Kent, which ceased generating in […]