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Americas

Ameresco Plots Larger Role for Solar and Storage

August 21, 2019 Anand Gupta

The microgrids and energy-efficiency specialist says the number of viable markets for on-site solar and storage is growing. Ameresco is best known as a commercial and industrial energy services company, or ESCO, competing against giants like Honeywell, Siemens, Johnson Controls and a host of other national and regional providers on HVAC retrofits, LED lighting upgrades, […]

Europe & UK

Bankrupt wind turbine maker Senvion in talks to buy time for rescue deal

July 27, 2019 Anand Gupta

The company is in discussions with creditors to extend a 100 million euro ($111 million) insolvency loan so it can avoid having to agree to sell at any price FRANKFURT: Bankrupt German wind turbine manufacturer Senvion is in talks to buy time to strike a rescue deal as negotiations with potential buyers of the company […]

Europe & UK

Germany’s Siemens says to cut 2,700 jobs worldwide

June 19, 2019 Anand Gupta

Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for an independent stock market flotation in 2020 — will “require further savings of 500 million euros” ($560 million), Siemens said in a statement. […]

Electric Vehicles

Siemens Sees a Future for Electric Trucks Powered by Overhead Lines

May 29, 2019 Anand Gupta

Germany’s first “eHighway” truck route has opened along a stretch of the autobahn. Siemens spoke to GTM about expanding and commercializing the technology for the long haul. The first test route for electric trucks powered by an overhead line opened on a German highway earlier this month, backed by a group of government agencies and […]

Business & Finance

GE books more power plant orders, beats Mitsubishi, Siemens: sources

May 15, 2019 Anand Gupta

NEW YORK: General Electric Co won the most orders in the sharply contracting market for new gas-fired power plants in the first quarter, according to people familiar with the matter. But GE faces rising competition, complicating new Chief Executive Larry Culp’s efforts to turn around the company’s ailing power unit. GE booked six orders for […]

Business & Finance

Siemens stock is jumping after the industrials giant laid out plans to create a billion-dollar energy company

May 9, 2019 Anand Gupta

Siemens’ stock jumped more than 4.5% on Wednesday after it announced the spin off of its gas-and-power division and transfer of its renewable-energy business to the new company. The German industrial giant will retain a stake of 25% to 50% in the new entity, which will have annual sales of 27 billion euros ($30 billion), […]

Tesla’s Vision Of An EV and Solar and Battery Storage Future Now Becoming Industry Norm

Energy Storage

Tesla’s Vision Of An EV + Solar + Battery Storage Future Now Becoming Industry Norm

April 8, 2019 Anand Gupta

Part of investors’ fascination with Tesla has long been the company’s focus on the evolution of manufacturing hardware and software. The plan to integrate energy generation and storage — to “create stunning solar roofs with seamlessly integrated battery storage,” as described in Master Plan, Part Deux — has also provided allure. Sure, the Tesla acquisition […]

India

GE appoints Prashant Jain to lead GE Steam Power in South Asia

April 6, 2019 Anand Gupta

GE on Friday announced appointment of Prashant Jain to lead the global conglomerate’s steam power business in South Asia. Prashant will officially assume the role of Regional General Manager GE Steam Power South Asia and Managing Director GE Power India on April 17, 2019, a company statement said. He joins GE from Siemens where he […]

India

Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works

March 29, 2019 Anand Gupta

Clean energy solutions provider Siemens Gamesa Thursday said it has commissioned 10 MW solar power project for Lakshmi Machine Works (LMW) in Tamil Nadu. As part of the contract, Siemens Gamesa provided an EPC (engineering procurement and construction) solution that included engineering and design of the solar farm, procurement, erection and commissioning of the 10 […]

Solar Inverters

What Recent PV Inverter Headlines Say About the Evolving Market Landscape

March 12, 2019 Anand Gupta

Huawei, Kaco and Schneider—three of the top global PV inverter vendors—have all made news lately. The last week of February saw a flurry of news tied to three of the largest solar PV inverter vendors in the world. The week began with 11 senators penning a letter to Secretaries Rick Perry of the Department of […]

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