Credit to Author: Darrell Proctor| Date: Sun, 21 Jul 2024 14:48:34 +0000
An Australian company at the forefront of the global push to utilize hydrogen has reduced its workforce and cut its production targets, citing high costs for power needed to produce […]
The post Aussie Hydrogen Leader Cutting Jobs, Moving Production Target appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Wed, 29 May 2024 13:43:35 +0000
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about […]
The post Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit appeared first on POWER Magazine.
Credit to Author: Tracey Lilly| Date: Sat, 01 Jun 2019 04:00:04 +0000
Siemens AG, the global technology conglomerate that today has headquarters in both Berlin and Munich, in May 2019 announced it will spin off its energy units to focus on its digital “core.” The news has stunned many in the power sector, where Siemens has clenched a formidable presence since 1866. But restructuring at Siemens is […]
The post THE BIG PICTURE: Siemens’ Corporate History appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Thu, 25 Apr 2019 11:47:46 +0000
Sempra Energy on April 22 marked its complete exit from the U.S. renewables business as it completed the sale of 724 MW of operating wind generation and battery assets to American Electric Power (AEP) for $1.05 billion. The San Diego–headquartered utility holding company, which says it has the largest U.S. customer base, said the move […]
The post Sempra Energy Exits U.S. Renewables Sector appeared first on POWER Magazine.
Read moreSiemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]
The post Restructuring on Horizon for Siemens and GE appeared first on POWER Magazine.
Read moreSiemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]
The post Restructuring on Horizon for Siemens and GE appeared first on POWER Magazine.
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