That profitability gauge had stood at 7.5 per cent a year earlier. The company’s bottom line also turned to a net loss in the quarter, but Chief Executive Marcus Tacke said he still believed it had good long-term prospects Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused […]
Spain seizes virus tests bound for returning Siemens Gamesa workers: union
Siemens Gamesa began testing some staff last week and had agreed to extend this to the whole workforce, but told employees on Saturday it would not be able comply with its original timetable MADRID: Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have […]
Siemens inks pact to acquire 99% equity in C&S Electric for Rs 2,100 crore
Siemens will acquire about 99 per cent of the equity share capital of C&S Electric for around Rs 2,100 crore (nearly EUR 267 million). Closing of the acquisition is subject to regulatory approvals, the statement added. Siemens on January 24 said it has inked an agreement to acquire 99 per cent equity in New Delhi-based […]
Siemens in talks with stakeholders to develop energy storage solutions
During 2019-2025, the electric vehicle industry is forecast to consume over 110 GW of batteries Mumbai: Siemens is in talks with various stakeholders for developing industrial energy storage solutions to cash in on the government effort to boost battery storage plans, a senior company official has said. India has set an ambitious target of having […]
Siemens In Talks With Stakeholders To Develop Industrial Energy Storage Solutions
Siemens Ltd. is in talks with various stakeholders for developing industrial energy storage solutions to cash in on the government effort to boost battery storage plans, a senior company official has said. India has set an ambitious target of having 225 gigawatt of renewable energy capacity by 2022. According to estimates by India Energy Storage […]
Ameresco Plots Larger Role for Solar and Storage
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, […]
Bankrupt wind turbine maker Senvion in talks to buy time for rescue deal
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 […]
Germany’s Siemens says to cut 2,700 jobs worldwide
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. […]
Siemens Sees a Future for Electric Trucks Powered by Overhead Lines
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 […]
GE books more power plant orders, beats Mitsubishi, Siemens: sources
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 […]
