Siemens

Siemens on July 9 said it has a memorandum of understanding (MOU) to work with China’s State Power Investment Corporation (SPIC) on heavy-duty gas turbines. Siemens said it will support SPIC’s research and development of the turbines and provide training and technical consultation. “The signing today will expedite finalization of a technology cooperation agreement in […]

Siemens will supply 102 SF6-free, gas-insulated 8VM1 high-voltage switchgear (GIS) to Siemens Gamesa by the middle of next year. The switchgear will protect each wind turbine individually against overloads and short-circuits and make it possible to supply electricity reliably and without interruption. Developed for wind farms, the 8VM1 from the blue GIS portfolio operates with […]

In recent years, the use of single-shaft combined cycle power plants has steadily increased in the U.S. While multi-shaft configurations are advantageous in certain scenarios—for example, when layout flexibility or phased installation is needed—single-shaft designs have proven to be a highly efficient and cost-saving option for power plant owners and operators seeking to maximize the […]

Baby boomers are retiring, unemployment is low, skilled craft workers are in short supply, and human resources in the workforce are a growing issue for power industry management. “Demography is destiny.”

General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and spin off its healthcare unit over the next few years. The announcement comes one day after GE said it would sell its Distributed Power business, […]

Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by […]

Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]

Siemens and SOLARKIOSK have signed a Memorandum of Understanding (MoU) on June 20 at the Intersolar trade show. Both companies agree to join forces to enhance local businesses powered by SOLARKIOSK´s clean energy in non-electrified parts of rural Africa. SOLARKIOSK has deployed more than 250 projects in twelve countries serving roundabout 5 million people. The […]

Siemens Chief Executive Joe Kaeser on June 19 said reports last week that the German engineering company was considering a sale of its gas turbines manufacturing unit are “media speculation.” Kaeser made the remarks during an event in Zurich, Switzerland. He told Reuters that his company wants to improve the performance of the turbine unit, […]

Siemens still hasn’t commented on reports it could be looking to sell its gas turbine business. But the managing board member responsible for the company’s power and gas division reportedly issued a memo to staff in the wake of those reports, saying Siemens remains committed to its long-time flagship product. Bloomberg, which on June 13 […]