restructuring – Thinking Port

THE BIG PICTURE: Siemens’ Corporate History

June 3, 2019 admin Business, Coal, corporate, dynamo, Gas, gas and power, History, Infographics, International, market changes, news, Nuclear, restructuring, siemens, Technology, timeline

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 […]

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Sempra Energy Exits U.S. Renewables Sector

April 25, 2019 admin AEP, bp wind, Business, Coal, debt, divestment, Energy Storage, news, Renewables, restructuring, sempra, Solar, Wind, wind farm

Credit 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 […]

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Restructuring on Horizon for Siemens and GE

June 21, 2018 admin Business, Coal, flannery, Gas, gas turbines, ge, International, job cuts, kaeser, news, Nuclear, Renewables, restructuring, siemens, turbines

Siemens 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 […]

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