Switzerland

General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]

The Swiss company Climeworks in October said it had begun another round of testing for a direct air capture (DAC) facility at a 300-MW geothermal power plant in Hellisheidi, Iceland. Climeworks, which is

The world’s nuclear sector saw a flurry of activity during April and May, though most of it wasn’t good news.  First Unit at Barakah Built, but Regulatory Delays Prevail. Initial construction activities