International

GE Completes Alstom Acquisition. GE announced on Nov. 2 that a $10.6 billion deal to acquire Alstom ’s power and grid business is complete. Alstom will now entirely refocus its activities on rail transport

The UK has canceled its flagship £1 billion ($1.5 billion) competition to help commercialize carbon capture and storage (CCS) technology from power plants. The decision by the Department of Energy and Climate Change (DECC) was announced in a three-sentence release to the London Stock Exchange just days before crucial climate change negotiations are due to […]

The German battery storage market took a leap forward as German generating company Steag announced on Nov. 4 that it will invest €100 million in six 15-MW battery storage projects at several of its power plants in Germany. The batteries are expected to come online mid-2016 through early 2017. The facilities will be sited at Steag’s generating […]

The cabinet of Angela Merkel’s ruling coalition has endorsed changes to the German electricity market, ensuring their passage into law. “This is the largest reform of the electricity market since the energy markets were liberalised in the 1990s, and it will make the electricity market fit for the 21st century,” said Energy Minister Sigmar Gabriel. […]

The world must have carbon capture and storage (CCS) technology to address climate concerns, but commercializing CCS will require a level playing field, an industry advisory council appointed by the Department of Energy (DOE) underscores in a new white paper. The report released by the National Coal Council (NCC) on Nov. 10 responds to a […]

Falling power and gas prices will impact the operating cash flows of unregulated U.S. utilities in 2016, but regulated utilities will see a more stable outlook owing to a supportive regulatory environment, Moody’s Investors Service said in a new analysis of fundamental business conditions released on Nov. 6. Moody’s changed its 2016 industry outlook for […]

Italian energy giant Ansaldo Energia says its acquisition of Alstom’s GT 26 and GT36 gas turbine assets and technology, as required by European regulators, will allow the company to increase its turnover twofold in the coming five years. The firm owned 44.8% by Italian state-owned holding company Fondo Strategico Italiano and 40% by Chinese equipment […]

Following regulatory approval of a $10.6 billion transaction in over 20 countries and regions, GE’s acquisition of Alstom’s energy activities is now complete. GE and Alstom sealed the deal first proposed in early 2014 with the signing of a 1,500-page “master agreement.” GE had initially proposed buying Alstom’s lucrative business for €12.35 billion, but following […]

Begun with grand ambitions in the early 1980s, the second unit at Argentina’s Atucha site ran smack into the country’s economic crises in the following decade. But a determined crew brought the project to completion after a 13-year hiatus through a focus on rebuilding the nation’s nuclear labor force. As with many other nations in […]

Largely dependent on imported fuel oil, many island systems must grapple with soaring electricity costs and reliability issues, in part because they are isolated and they don’t benefit from economies of scale. But some nations are seeking alternatives. It’s the same story all over the world. To fuel their economies and support growing populations, geographically […]