Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs

Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16 announcement comes just days after U.S. power giant GE announced its own restructuring plan. Lisa Davis, a member of Siemens managing board, said in a […]

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Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs

Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16 announcement comes just days after U.S. power giant GE announced its own restructuring plan. Lisa Davis, a member of Siemens managing board, said in a […]

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GE Power Sells Lucrative Water & Process Technologies Division to SUEZ in $3.4B Deal

Less than a week after GE struck a $2.6 billion deal with ABB for GE’s electrification business, GE Power completed the $3.4 billion sale of its lucrative water and process technologies division to multinational water management firm SUEZ. The sale of GE Water & Process Technologies, a systems and services provider of water, wastewater and […]

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Microturbine Market Ready to Expand

Deployment of microturbine energy technology has been slow to develop, but analysts predict growth on the horizon as more businesses use the small units to power their facilities and reduce their carbon

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ABB Acquiring GE Electrification Unit in $2.6 Billion Deal

Swiss engineering firm ABB has moved to expand its electrification business, especially in North America, with a $2.6 billion deal to acquire GE Industrial Solutions (GE IS). The move announced September 25 is the latest by GE to refocus its operations under new chief executive John L. Flannery, who replaced long-time GE CEO Jeffrey Immelt […]

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Two SCE Gas-Battery Hybrid Projects Revolutionize Peaker Performance

For deploying a novel, groundbreaking gas-battery hybrid technology along with environmentally significant upgrades within a tight installment window, and despite logistical hurdles, Southern California

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