Hitachi Absorbs ABB Power Grids in New $10B Joint Venture

Credit to Author: Sonal Patel| Date: Wed, 01 Jul 2020 20:09:29 +0000

The post Hitachi Absorbs ABB Power Grids in New $10B Joint Venture appeared first on POWER Magazine.

Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]

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MHPS Will Rebrand as ‘Mitsubishi Power’

Credit to Author: Sonal Patel| Date: Mon, 27 Apr 2020 15:15:27 +0000

The post MHPS Will Rebrand as ‘Mitsubishi Power’ appeared first on POWER Magazine.

Flagship power plant and equipment firm Mitsubishi Hitachi Power Systems (MHPS) plans to change its name to “Mitsubishi Power” once it receives approval from antitrust authorities in several countries. The rebrand announced by the Yokohama, Japan–headquartered MHPS on April 24 will reflect a change in ownership announced in December, when Japanese technology conglomerate Hitachi said […]

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Nissan LEAF Goes On 230-Mile Fully Autonomous Drive

Credit to Author: Andy Miles| Date: Sat, 08 Feb 2020 10:00:58 +0000

Autonomous LEAFThe title “Nissan Beats Tesla To The Post?” definitely needs the question mark in it, as, with autonomous driving, there are too many unknowns to make any definite comparisons

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Exelon Installs New Accident Tolerant Fuel at Illinois Nuclear Plant

Credit to Author: Aaron Larson| Date: Thu, 16 Jan 2020 13:50:56 +0000

The post Exelon Installs New Accident Tolerant Fuel at Illinois Nuclear Plant appeared first on POWER Magazine.

Global Nuclear Fuel (GNF), a GE-led joint venture with Hitachi Ltd. that supplies boiling water reactor fuel and fuel-related services around the world, said lead test assemblies utilizing its ARMOR-coated zirconium cladding and IronClad Accident Tolerant Fuel solutions have been installed at Exelon’s Clinton nuclear plant in Illinois. “We continue to work with our customers […]

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Hitachi Exiting MHPS; MHI Will be Venture’s Sole Owner

Credit to Author: Sonal Patel| Date: Wed, 18 Dec 2019 18:43:32 +0000

The post Hitachi Exiting MHPS; MHI Will be Venture’s Sole Owner appeared first on POWER Magazine.

Japanese technology conglomerate Hitachi will withdraw from Mitsubishi Hitachi Power Systems (MHPS), a joint venture it established in 2014 with another power equipment giant, Mitsubishi Heavy Industries (MHI), over a dispute stemming from construction of two massive defect-ridden coal plants in South Africa. Under a Dec. 18-announced settlement reached by MHI and Hitachi, Hitachi will […]

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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 […]

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Leadership Shakeup at ABB Amid Power Grids Business Overhaul

Credit to Author: Sonal Patel| Date: Wed, 17 Apr 2019 12:15:58 +0000

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

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Japanese Conglomerates Rejigger Power Sector Strategies

Credit to Author: Sonal Patel| Date: Thu, 21 Feb 2019 12:30:56 +0000

Hitachi and Mitsubishi Heavy Industries (MHI), two giant Japanese companies with substantial stakes in the world’s power sector, are separately rethinking future business directions as sizable disruptions shake up prospects for traditional market growth. In recent months, Hitachi refined its business model to prepare it for explosive demand in  digitalization solutions, focusing heavily on grid […]

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Consortium Asks UK to Support SMR Nuclear Development

Credit to Author: Darrell Proctor| Date: Mon, 28 Jan 2019 20:16:57 +0000

Small modular reactors (SMRs) are becoming a technology of choice among those who continue to push nuclear power as a zero-emissions source of generation. The collapse of plans to build new large reactors in the UK has meant companies there are looking at SMRs in an effort to keep that country’s nuclear power program viable. […]

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Hitachi May Scuttle UK Nuclear Project

Credit to Author: Darrell Proctor| Date: Mon, 14 Jan 2019 00:53:01 +0000

Hitachi may cancel its plans for a $20.5 billion nuclear power project in Wales, according to several media reports from the UK and Japan. The Japanese company is expected to determine the fate of the project at a board meeting this week. The Guardian newspaper was among those that in recent days reported an impasse in […]

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