turbines

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]

General Electric (GE), long considered the most-prominent business in Schenectady, New York, on August 7 announced another 225 job cuts at its main campus in the city. The announcement comes as GE continues to restructure its operations amid a downturn in global demand for the company’s turbines. GE cut about 110 jobs at the Schenectady […]

Siemens has introduced a new SGT-800 performance enhancement that is applicable to all existing SGT-800 units with 43-47.5-MW ratings. The new upgrade is designed to provide owners and operators with significant fuel savings and CO2emissions reduction for improved sustainable energy production. The upgrade offers up to a 3.5 percent increase of simple cycle gas turbine […]

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 […]

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

Siemens Gamesa continues to reinforce its presence in Japan by reaching its first agreement with Tokyu Land Corporation for two projects in Hokkaido, and will supply 22 of its SWT-3.4-108 wind turbines. Both nacelles and hubs will be manufactured in Denmark, while the blades will be produced in China and Denmark. The turbines will be […]

Siemens has received its first order from Panama for six SGT-800 gas turbines. The industrial gas turbines, along with a steam turbine, will provide approximately 440 megawatts of electrical power as part of a flexible combined cycle power plant. This could cover the power demand of approximately 1.9 million residents of Panama. Siemens’ customer is […]

Siemens, one of the world’s largest turbine manufacturers, said it plans to temporarily shut its Power & Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as […]

BADEN, SWITZERLAND (April 16, 2018) — In a historic agreement, GE’s Power Services business (NYSE: GE) announced today that it will service power generation equipment in 11 power plants owned by Petrobras, Brazil’s majority state-owned oil company. Valued at more than $300 million, the deal represents GE’s largest transactional power generation services agreement in Latin […]