European Union (EU) officials have approved General Electric's (GE's) $9.5 billion acquisition of Alstom's power business, but conditions to which the two companies agreed to cement the deal will drastically…
GE
As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to…
Wind is no longer a niche alternative energy industry, American Wind Energy Association (AWEA) CEO Tom Kiernan told attendees at WINDPOWER 2015. Despite policy hurdles, the wind sector has seen…
Renewable generation may be the most talked-about form of distributed power these days. However, historically, engine- and turbine-based smaller-scale generation—strategically located where needed by loads or for grid support—has supplied…
Everyone loves efficiencies. Combining generation technologies can create a plant that’s more than the sum of its parts, but engineering challenges mean these projects are not for the faint of…
The Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh resulted in some big agreements for the Egyptian government including a reported $10.5 billion deal with Siemens and a $1.7 billion…
After nearly two months of wooing, General Electric (GE) is finally going to get what it wants. On June 21, GE announced that the Alstom Board of Directors had chosen…
While General Electric (GE) waits for the French government to approve its bid for Alstom’s power and grid divisions, other companies are using the time to consider offers of their…