Iraq Developing Solar to Complement GE, Siemens Projects

Credit to Author: POWER| Date: Mon, 01 Jul 2019 00:00:00 +0000

Iraq’s $14 billion deal with Siemens to develop power generation projects in the country has grabbed most of the headlines this year, but the country continues to develop power projects with GE, and also in

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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 […]

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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 […]

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THE BIG PICTURE: Siemens’ Corporate History

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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Industrial Gas Turbine Demand Grows [PODCAST]

Credit to Author: Aaron Larson| Date: Thu, 16 May 2019 13:05:36 +0000

When it comes to gas turbines, size matters. Although the market for large, heavy-duty gas turbines has been challenging in recent years, demand for industrial gas turbines—generally units with output ranging from about 5 MW to 100 MW—has been growing, according to Reed Lengel, product line manager for SCC-800 solutions with Siemens Energy. “When you […]

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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, […]

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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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Control Your Own Destiny with Combined Heat and Power Systems [PODCAST]

Credit to Author: Aaron Larson| Date: Thu, 09 May 2019 13:39:25 +0000

Combined heat and power (CHP), also known as cogeneration, is the concurrent production of electricity or mechanical power and useful thermal energy (heating and/or cooling) from a single source of energy. Although it may not be widely recognized outside of industrial, commercial, institutional, and utility circles, CHP has been providing highly efficient electricity and process […]

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Siemens Will Exit Power, Gas, Renewable Businesses

Credit to Author: Sonal Patel| Date: Tue, 07 May 2019 17:12:37 +0000

Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business. The company’s supervisory board announced the spinoff on May 7 […]

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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

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