Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

Credit to Author: Darrell Proctor| Date: Tue, 18 Jun 2019 21:41:16 +0000

Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would jettison as part of cost-cutting measures. The Siemens’ announcement comes one day after U.S.-based rival GE said it would cut 450 jobs at two of […]

The post Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland appeared first on POWER Magazine.

Read more

GE Launches New Analytics Technologies to Boost Grid Efficiency 

Credit to Author: Sonal Patel| Date: Wed, 12 Jun 2019 20:57:27 +0000

General Electric (GE) has rolled out a new portfolio of predictive analytics that could allow utilities to use data from transmission and distribution networks to achieve better operational efficiency as more distributed assets are introduced to the grid.  The company on June 11 unveiled three new grid analytics—for storm readiness, network connectivity, and effective inertia—that […]

The post GE Launches New Analytics Technologies to Boost Grid Efficiency  appeared first on POWER Magazine.

Read more

Financing Secured for GE’s UAE Combined Cycle Project

Credit to Author: Darrell Proctor| Date: Wed, 05 Jun 2019 16:35:11 +0000

The first independent combined cycle power project in the emirate of Sharjah, in the United Arab Emirates (UAE), is taking shape after $1 billion in financing was recently secured from GE Energy Financial Services (EFS) and its partners. The plant, featuring three combined cycle blocks, is expected to have 1.8 GW of generation capacity. The […]

The post Financing Secured for GE’s UAE Combined Cycle Project appeared first on POWER Magazine.

Read more

POWER Notebook: GE Plant in France, Targeted for Job Cuts, Will Not Close

Credit to Author: Darrell Proctor| Date: Mon, 03 Jun 2019 19:56:07 +0000

The head of GE’s operations in France told a Paris newspaper that a French factory targeted for more than 1,000 job cuts will not close. GE last week said it wanted to make its operations in France more efficient and said changes would come at the Belfort plant in eastern France, which handles technology for […]

The post POWER Notebook: GE Plant in France, Targeted for Job Cuts, Will Not Close appeared first on POWER Magazine.

Read more

The POWER Interview: GE Unleashing a Hydrogen Gas Power Future

Credit to Author: Sonal Patel| Date: Thu, 30 May 2019 22:04:11 +0000

Since the 1940s, when General Electric (GE), launched its gas turbine operations, the company has pioneered and commercialized a lengthy list of gas turbine technologies, large and small. As the decarbonization movement gains pace and more renewables flood the landscape, the company’s gas turbines have taken on new crucial roles to provide dispatchability and flexibility. […]

The post The POWER Interview: GE Unleashing a Hydrogen Gas Power Future appeared first on POWER Magazine.

Read more

GE Is Banking on Africa’s Burgeoning Power Market

Credit to Author: Sonal Patel| Date: Thu, 16 May 2019 13:43:35 +0000

Sub-Saharan Africa’s power generation capacity is projected to surge 4% annually through 2040, and its current energy mix—which is today dominated by hydro and coal—will likely be more diversified as interest rises in renewables such as solar and wind, General Electric (GE) said in a white paper released in May, surveying market opportunities in the […]

The post GE Is Banking on Africa’s Burgeoning Power Market appeared first on POWER Magazine.

Read more

GE Tops MHPS, Siemens in 1Q Turbine Orders

Credit to Author: Darrell Proctor| Date: Tue, 14 May 2019 18:41:35 +0000

General Electric, Siemens, and Mitsubishi Hitachi Power Systems confirmed their gas turbine sales for the year’s first quarter, with GE taking the top spot with six orders for its advanced HA-class unit. The three companies on May 14 confirmed the numbers to Reuters. GE, which had no sales in the same period a year ago, […]

The post GE Tops MHPS, Siemens in 1Q Turbine Orders appeared first on POWER Magazine.

Read more

Insights Into Siemens’ Stunning Gas and Power, Renewables Shakeup

Credit to Author: Sonal Patel| Date: Mon, 13 May 2019 03:05:05 +0000

In the days following its May 7 announcement that it will spin off its Gas and Power business, Siemens has fleshed out how and when the carveout will occur, laid out its reasons for lumping its energy businesses together, and put forth a market case for why a business separation may be a “win-win” situation […]

The post Insights Into Siemens’ Stunning Gas and Power, Renewables Shakeup appeared first on POWER Magazine.

Read more

High-Volume Hydrogen Gas Turbines Take Shape

Credit to Author: POWER| Date: Wed, 01 May 2019 00:00:00 +0000

In preparation for a large-scale power sector shift toward decarbonization, several major power equipment manufacturers are developing gas turbines that can operate on a high-hydrogen-volume fuel. According to

The post High-Volume Hydrogen Gas Turbines Take Shape appeared first on POWER Magazine.

Read more

Iraq Chooses Siemens as Partner in $15 Billion Power Deal

Credit to Author: Darrell Proctor| Date: Tue, 30 Apr 2019 14:43:52 +0000

Iraqi Prime Minister Adel Abdul Mahdi and Germany-based Siemens on April 30 confirmed reports that Iraq has chosen Siemens as its main partner in what it calls a “roadmap” agreement to develop power generation projects in the country. Siemens in a news release Tuesday confirmed that the document was signed by Joe Kaeser, president and […]

The post Iraq Chooses Siemens as Partner in $15 Billion Power Deal appeared first on POWER Magazine.

Read more