Siemens’ central research department and the electric vehicle manufacturer StreetScooter agreed today to equip an electric car with an innovative electronic and software architecture. The associated technology was developed during the RACE project. Siemens is the consortium leader of the research project, which receives funding from the German Ministry of Economic Affairs and Energy. For […]
MERIDA, MEXICO —GE’s Distributed Power business (NYSE: GE) announced today that its channel partner in Mexico, Smith Power Mexico S de RL de CV, will provide its gas engine technology to engineering, procurement and construction (EPC) contractor SEISA for Enerkin SAPI de C.V.’s (Enerkin) new combined heat-and-power (CHP) plant in Mexico. Enerkin is the first […]
NORWALK, Conn. — Twenty leading computer vision and imaging scientists from Xerox (NYSE: XRX) will join their peers from Google, Facebook, Microsoft Research, Amazon and many of the world’s top academic institutions later this month to share their research on making computers more “human like,” mimicking how the brain sees and thinks. Steadily closing the […]
MILWAUKEE, — The acquisition of Air Distribution Technologies by Johnson Controls for $1.6 billion is now complete. Johnson Controls (NYSE: JCI), a global multi-industrial company, announced in April its intention to acquire Air Distribution Technologies, one of the largest and strongest independent providers of air distribution and ventilation products in North America. Through this transaction, […]
LONDON & MADRID– ACCIONA, a global infrastructure, water and renewable energy group, and Kohlberg Kravis Roberts & Co. LP (together with its affiliates, “KKR”), a leading global investment firm, today announced a partnership to consolidate and develop one of the largest operating international renewable energy portfolios in the world. Under the agreement, KKR will invest […]
The Board of Directors of Alstom received, on June 20, 2014, an update to the offer from General Electric (GE) to acquire the power and grid businesses of Alstom. It also received on June 20, 2014, a revised proposal from Siemens and Mitsubishi Heavy Industries. The ad hoc committee of independent directors appointed by the […]
NEWARK, NJ – Energy Investors Funds (“EIF”), an energy-focused private equity firm, announced today that two EIF-managed funds have indirectly acquired an additional 50 percent ownership stake in the Newark Energy Center from Hess Corporation (NYSE: HES) using a $590 million loan from Crédit Agricole Corporate and Investment Bank, GE unit (NYSE: GE) GE Energy […]
MARKHAM, ONTARIO —When it comes to the modern grid, timing is everything. Without accurate and reliable time synchronization, grid-connected devices such as automatic-control and system-protection equipment could be at risk for frequency errors. If an unexpected outage does occur, inaccurate time stamps also can make it difficult for grid operators to identify the sequence of […]
SCHENECTADY, N.Y.—The government of Equatorial Guinea has selected MAECI Solar, a division of Management and Economic Consulting, Inc., in collaboration with GE Power & Water (NYSE: GE) and Princeton Power Systems, Inc., to install a 5-megawatt (MW) solar microgrid system on Annobon Province, an island off Equatorial Guinea in west central Africa. The solar microgrid […]
The Energy Department today announced $10 million for six new research and development projects that will advance innovative concentrating solar power (CSP) technologies. The projects will develop thermochemical energy storage systems to enable more efficient storage of solar energy while using less storage material, cutting the cost for utility-scale CSP electricity generation as a result. […]
