Company News
Schumacher Electric Corporation, a global pioneer in the design, manufacture, and distribution of power conversion products announced Lincolnshire Management, Inc., a private equity firm focused on investing in and acquiring growing middle market companies, has completed the sale of Schumacher Electric to private investment firm Ripple Industries LLC. The financial terms of the transaction were not disclosed. The announcement was made via a live stream all-employee meeting where Mickey Le...
United Electric Controls (UE) is pleased to announce the release of its new company website. The website takes advantage of the latest in website design efficiencies and features while retaining a familiar feel for our longtime users. “We created the new website to provide visitors with the information they are looking for in an easy-to-reach and intuitive manner. We saved what worked best from the prior website and added cleaner paths to product information and sales inquiries. We thank...
Bharat Heavy Electricals Limited’s (BHEL) Communication Week – ‘Abhivyakti’, was inaugurated by Dr. Nalin Shinghal, CMD, BHEL, in the presence of the company’s Functional Directors. Aimed at enhancing communication for bringing about better employee engagement, the program is being organized across all the units of BHEL around the country. Error-free communication Addressing a cross-section of employees pan-India, Dr. Shinghal stressed on the role of timely, fact...
Furukawa Electric Co., Ltd. (Head office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo; President: Keiichi Kobayashi) was selected for the FTSE Blossom Japan Sector Relative Index. FTSE Blossom Japan Sector Relative Index The FTSE Blossom Japan Sector Relative Index is an index created by global index provider FTSE Russell, which reflects the performance of Japanese companies that demonstrate outstanding Environmental, Social, and Governance (ESG) practices relative to their respective sectors and...
The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s earlier forecast of 1% growth in the previous quarterly update published in January. The downward revision to the forecast amounts to 50 billion cubic meters, t...
Infinitum Electric, creator of the breakthrough air-core motor, announces the expansion of its leadership team with the recent appointments of Jack Powell as Director of Operations, Michele Feria as Director of Marketing, Ramon Guitart as Director of Engineering, Ed Carignan as Director of PCB Engineering and Stephen Mathew as Director of Product Management. Infinitum Electric also announced it will move its headquarters to a new facility at the end of April to support the company’s rapid...
BluE Nexus Corporation, AISIN Corporation, and DENSO Corporation announced that they have jointly developed an eAxle for Toyota’s new battery electric vehicle (BEV), bZ4X scheduled to be released on May 12, 2022. BluE’s first eAxle has achieved excellent dynamic performance and downsizing and helps vehicles increase their electric mileage. electric vehicles BluE was established in April 2019 to develop and sell electric systems and driving modules. By combining the strengths of A...
Infinitum Electric., creator of the breakthrough air-core motor, announced the expansion of its leadership team with the recent appointments of Jack Powell as Director of Operations, Michele Feria as Director of Marketing, Ramon Guitart as Director of Engineering, Ed Carignan as Director of PCB Engineering and Stephen Mathew as Director of Product Management. Infinitum Electric also announced it will move its headquarters to a new facility at the end of April to support the company’s rapi...
Canyon State Electric (CSE) has signed a contract with the Arizona Division of Occupational Safety and Health (ADOSH) to strengthen the company’s health and safety processes. The three-year agreement will seek to prevent job site hazards and start the process for OSHA Voluntary Protection Program (VPP) application. Implementation of a health management system To reach strategic safety goals, ADOSH is providing Canyon State Electric with training, workshops, webinars, and the implementat...
One school district in Missouri is looking brighter and slashing energy costs, thanks to the recent completion of more than three dozen energy efficiency projects. Thanks to incentives from Ameren Missouri’s BizSavers program, the school district will receive a check for US$ 586,696.40 based on upgrades completed in 2021 and early 2022. Jefferson City students and educators will also benefit from additional estimated savings of more than $300,000 a year. Schools upgrading efficient heati...
Despite the attractive incentives offered by governments around the world and the advantages of driving electric vehicles (EVs), the growth has been rather sluggish in the last few years. Plus, the COVID-19 pandemic has further aggravated the situation, pioneering to a higher-than-ever consumer demand for EVs without the stock to support it. While there are several causes contributing to this slump in supply, four major factors affecting the sale of EVs are high cost, range limitations, infrastr...
A new dynamic solution by E.ON is set to revolutionize European home developments by dynamically managing energy import and export and ensuring local network capacities are not exceeded. The “dynamic solution” developed by E.ON Group Innovation is a live, locally controlled, smart management system which balances electricity supply and demand on local networks using steering technology. The system maximizes the collective self-consumption of on-site renewable generation –...
RWE will play a key role in helping achieve net zero ambitions in the UK, one of its most strategically important markets. The release of the British Energy Security Strategy encourages further large-scale green energy investment and gives investors such as RWE the confidence to grow its business even further. It is reassuring to see the commitment from Government to increasing targets and strengthening UK grid infrastructure, as this will be crucial to meet the UK’s net zero ambi...
Following an agreement on 1 April by IEA member countries for a new emergency release of oil stocks, the IEA Governing Board confirmed that the total amount committed to date stands at 120 million barrels, making it the largest stock release in IEA history. unanimous agreement The unanimous agreement among IEA member countries on 1 April for a second collective action in 2022 came in response to the significant strains in oil markets resulting from Russia’s invasion of Ukraine. In...
RWE has signed an agreement with the Danish grid operator - Energinet for its Thor Offshore Wind Farm. The agreement regulates the technical set-up, the power quality, and the cooperation between RWE and Energinet, at the point of connection (POC) in Volder Mark. With a planned capacity of around 1,000 megawatts (MW), Thor will be Denmark’s largest offshore wind farm to date. The wind farm will be built off the Danish west coast approximately 22 kilometers from the port of Thorsminde. 22...
Jonathan Brearley regularly talk to customers so he knows that many readers will be extremely worried about rising energy bills. This is a difficult time for many households. Customers struggling to pay for their energy may be eligible for extra help such as debt repayment plans, emergency credit for prepayment metered customers, priority support, and schemes like the Winter Fuel Payment, and Brearley would encourage anyone struggling with their bills to get in touch with their energy company t...
Global provider of mobile modular power - Aggreko is delighted to announce a new partnership with We Are Albert, a globally recognized screen industry authority on environmental sustainability. Aggreko will become the latest industry giant pledging to make sustainable changes towards reducing their carbon footprint in 2022, as well as help lead the charge against climate change and inspire sustainable choices in the media industries. modern technology With the help of Albert, a wholly-owned s...
ABB and Samsung Electronics will collaborate in a global partnership to provide jointly developed technologies for energy savings, energy management, and the smart Internet of Things (IoT) connection of both residential and commercial buildings. Buildings generate almost 40 percent of annual global CO2 emissions, and the partnership between the two companies will create a platform to build a long-term relationship for innovation in smart technology, smart control, and smart devices. Better dev...
Pioneering Scottish technology business Emtelle Group is to expand into North America for the first time by opening a new manufacturing facility in the US. The Hawick-headquartered company, the global manufacturer of pre-connectorized blown fiber, cabling, and ducted solutions which employs 700 staff worldwide, aims to open up its facility in Fletcher, North Carolina. It will see Emtelle take up residence in 300,000 sq ft of factory space owned by Mainetti Retail Solutions, creating up to 200 j...
Bharat Heavy Electricals Limited (BHEL) has achieved a major landmark with its equipment enabling record power transmission of 6,000 MW, over the recently commissioned ±800 kV, 6,000 MW Ultra High Voltage Direct Current (UHVDC) link between the Western Region Grid (Raigarh, Chhattisgarh) and the Southern Region Grid (Pugalur, Tamil Nadu). BHEL has been proudly associated in building this prestigious project of national importance which will supplement power availability in the Southern G...
Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has revealed its first ‘Volta Trucks Hub’ that will deliver its Truck as a Service customer-focused operations as the first full-electric Volta Zeros start customer evaluation in mid-2022. This important milestone confirms the first location where vehicles will be serviced and maintained in Paris, with confirmation of the London Hub location due shortly. ‘Volta Trucks Hub, Paris...
Bharat Heavy Electricals Limited (BHEL) has achieved a major landmark with its equipment enabling record power transmission of 6,000 MW, over the recently commissioned ±800 kV, 6,000 MW Ultra High Voltage Direct Current (UHVDC) link between the Western Region Grid (Raigarh, Chhattisgarh) and the Southern Region Grid (Pugalur, Tamil Nadu). BHEL Equipment Supplied BHEL has been proudly associated with building this prestigious project of national importance which will supplement power ava...
Infinitum Electric announced its executives are speaking at the Charged virtual conference, an event focused on EV engineering, being held April 4-7, 2022. Infinitum Electric’s VP of Technology Paulo Guedes-Pinto and VP of Business Development Bhavnesh Patel will discuss how engineers can gain flexibility and speed in prototyping and manufacturing EV motors. What: ChargedEV Speaking Session with Infinitum Electric Execs How to Gain Flexibility and Speed in Prototyping and Manufacturi...
Astrid Mozes, currently President of the Hydrostatics Division in Danfoss Power Solutions, succeeds Lars Tveen who has accepted the role of CEO of the Bitten & Mads Clausen’s Foundation. Before the annual meeting of the Bitten and Mads Clausen Foundation on April 6, 2022, the Foundation announced that Per Egebæk Have will be nominated as the new Chairman. Per Egebæk Have’s successor as CEO of the Bitten & Mads Clausen’s Foundation will be Lars Tveen, who ha...
Schneider Electric, the global leader in the digital transformation of energy management and automation, has appointed Amit Chaturvedy as Managing Partner, SE Ventures. In this new role, Amit Chaturvedy will drive and strengthen Schneider Electric’s long-term value creation in energy management and industrial automation. He will spearhead this effort with the current SE Ventures general partners – Grant Allen and Varun Jain. Together, this senior team has collective investing experi...
Marubeni Corporation, OPExPARK Inc., Beyond Next Ventures Inc. and DENSO CORPORATION have agreed for Marubeni to invest with BNV and in OPExPARK to support the digital transformation (DX) of operating rooms and a surgical education platform business for doctors (this project). OPExPARK was jointly established by DENSO and BNV. educational platform In recent years, the need for DX has been rapidly increasing in the healthcare industry, as represented by the development of new medical services,...
“None of us could have imagined the challenges we are all facing now: The huge task of achieving climate neutrality has been compounded by the structural break in the supply of power and raw materials. That makes it all the more important to pull together, support each other and work as one.” With those words, RWE Executive Board Member, Dr. Lars Kulik evoked the team spirit that underlies international research. On behalf of the RWE Innovation Centre in Niederaussem, he welcomed 42...
The impact of COVID-19 has reversed progress on access to electricity and clean cooking while slowing vital improvements in energy efficiency, according to the International Energy Agency’s latest update of data and projections related to key aspects of the UN Sustainable Development Goals. renewable energies However, renewable energies have shown resilience to the shock caused by the pandemic. Even if renewables maintain their rapid growth, and if access and efficiency improvements rec...
The International Energy Agency’s 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by Russia’s invasion of Ukraine, underscoring their strong and unified commitment to stabilizing global energy markets. The agreement was reached at an Extraordinary Meeting of the IEA Governing Board, which was held at the Ministerial level and chaired by US Secretary of Energy Jennifer Granholm. Energy security impacts Th...
Another new hire for the team with Terry McGinnis joining as the Growth Architect this week. This is a key role as they scale consumers and the community using the Electric Miles app for smart charging, as well as increasing the brand profile. Terry has worked in a number of fields with hyper-growth companies, from Apple to Warner Bros., providing them with much-needed marketing and technology support and consultancy to drive real-world value. Here’s what Terry has to say: “I’...