Axpo has agreed the sale of its 46% share in the 33 MW La Peñuca wind farm in Spain to Cubico Sustainable Investments (Cubico), a privately-owned renewable energy companies. By 2030, Axpo aims to develop onshore wind farms and solar plants internationally with an installed capacity of 3 GW and 10 GW respectively. To achieve this strategic goal, the company continuously reviews its options to redistribute wind and PV assets across Europe and divest selected plants and shareholdings. The s...

Schneider Electric, the provider of digital transformation of energy management and automation, has announced a strategic alliance with global reinsurer Munich Re and its subsidiary, HSB. The agreement comes at a pivotal time when risk mitigation is quickly becoming a top priority for businesses enduring a period of economic uncertainty. The global alliance between industry leaders Schneider Electric, Munich Re, and HSB will blend best-in-class risk solutions, such as uptime guarantees and unwa...

Project planning for a hydrogen production facility at the Eglisau-Glattfelden hydropower plant has come to a halt owing to appeals filed by private citizens. The plant for the production of green hydrogen would have enabled yearly savings of 1.5 million liters of diesel fuel in the road transport sector. Despite this setback, Axpo will continue to advance its hydrogen plans in Switzerland. Forced to halt After informing on the project in April 2021, Axpo is now forced to halt project plannin...

Axpo has closed an additional syndicated, committed and unsecured credit facility of EUR 2.3 billion with an international bank consortium, increasing its syndicated credit lines with banks to a total of EUR 5.3 billion.   Axpo Holding AG (Axpo) has signed an additional unsecured credit facility of EUR 2.3 billion with an international bank consortium. The new facility has a 1-year tenor and can be extended unilaterally by Axpo for an additional year. Credit facility These credit facilit...

Schneider Electric, the pioneer in the digital transformation of energy management and automation announced a new project funded by the California Energy Commission (CEC) that will demonstrate the value of bidirectional electric vehicle charging to support a first-of-its-kind vehicle-to-building (V2B) resilience hub. This groundbreaking project will leverage stored energy from zero-emission electric buses, owned and operated by AC Transit, to provide filtered air conditioning at the West Oaklan...

With business energy bills getting utterly ridiculous, perhaps now is the time to invest in solar energy, battery storage, and a Business Energy Management System? The BBC has recently reported how many pubs, restaurants, and other mid-sized businesses are facing a double whammy of reduced customer footfall and exploding energy bills. People are enjoying outside entertainment less because of their extortionate energy bills yet the costs of running a business is getting ridiculous. Control...

Lincoln Electric, a pioneer in the engineering, design, and manufacturing of advanced arc welding, cutting, and automation solutions, is seeking to hire dozens of engineers. Some of the positions will support the company’s entry into the electric vehicle charging space as it applies its proven expertise in power electronics and extensive domestic manufacturing capabilities to design and manufacture DC fast-charge EV chargers for the U.S. market. Proven expertise in power electronics &ld...

As the world works on developing renewable energy resources, one growing challenge is how to have enough battery energy storage systems (BESS) to support the increasing number of electric vehicles (EVs) and the evolving smart grid. Surprisingly (or not), the humble school bus is emerging as a great candidate in the drive toward a low-carbon grid. It starts with a vision to lower carbon emissions by switching from diesel-powered to electrified fleets. Upgrade old school buses to zero-emission m...

Shropshire’s Company of the Year, Aico, welcomed 50 attendees from businesses across the county to their headquarters in Oswestry, United Kingdom (UK), for the first Business Growth Roadshow, in association with the Shropshire Chamber of Commerce. As part of the event, Aico shared the story behind the creation of their company culture and values, and how these have contributed to their significant growth and success. Through a series of short, engaging presentations, the audience heard fr...

Energy infrastructure in the greater Horn of Africa has struggled to keep pace with a fast-growing population, creating a formidable hurdle for the region’s buoyant economies that can best be overcome through stronger deployment of energy efficiency and renewable technologies, according to a new IEA report. Countries in the region have already demonstrated they can find innovative solutions to extend electricity access to underserved populations and have huge underexploited potential for...

How to make it clear to employees why they are coming to work each day, what they are trying to achieve, and what the purpose of the organization is? And make sure everyone is headed in the same direction? Employees from across the company - Hunt Electric Corporation (and the nation) gathered at CHS Field in St. Paul, to connect and learn about the core values that the company’s Vision Team defined, and celebrate the talented teams that make it all possible. Core values session A glitch...

A study by EMA - Enterprise Management Associates, found that 66% of organizations do not have the network visibility they need. And 79% of enterprises believe it is important to establish an end-to-end visibility architecture for physical on-premises and hybrid cloud deployments. The study stresses the importance of how data points for network visibility provides security and monitoring tools the data they need to secure networked applications. Keysight Vision E400S network visibility solutio...

Atura Power has selected Cummins Inc. to design and manufacture the electrolyzer system for its Niagara Hydrogen center in Niagara Falls, Ont. This will be Ontario’s first 20-megawatt (MW) green hydrogen facility. Cummins’ proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga, Ont. facility and become the centerpiece of Atura Power’s Niagara Hydrogen center. Powered by renewable hydroelectricity, the electrolyzer system will split water int...

Fortune magazine just released its prestigious Most Powerful Women in Business list, and Cummins is proud to see our very own CEO, Jennifer Rumsey, amongst the 50 accomplished women recognized this year. “I am truly honored to be included alongside these powerful women leaders,” says Jennifer Rumsey, adding “My life and career have been shaped by instrumental people who helped me see my potential, created an environment that allowed me to be who I am at work, cared about me, a...

Jenkins Electric, an electromechanical service and parts provider, specializing in electric motor repair and test products, as well as a variety of distribution parts, has acquired Wheeler, a sleeve and fluid film-bearing manufacturer based in North Charleston, South Carolina, USA. “This acquisition expands our capabilities and offerings in the industrial motor parts and service industry,” said Iain Jenkins, Jenkins President, adding “From the North Charleston location, Jenkin...

Wurth Elektronik's Asia Production Team will again provide users with interesting insights into the current situation in China and its influence on the procurement of printed circuit boards on the Chinese market. In the document, users will find answers to the questions: What is the situation in the raw materials market? How is the economy developing in China and what does this mean for the PCB industry? What impact does the Chinese government's zero-covid policy have on the PCB market? W...

Siemens Smart Infrastructure and Eplan have signed a strategic partnership to strengthen collaboration in the area of software solutions for the industry and infrastructure market segments. As part of this agreement, Siemens’ Electrical Products business unit will join the Eplan Partner Network, as a strategic partner. Siemens – Eplan Partnership The objective of the partnership is to coordinate the products of both companies in a more targeted manner, in order to offer optimized...

Cummins Inc.’s new Chief Executive Officer urged employees to be advocates for the company’s environmental sustainability strategy, maintaining it is integral to the global power leader’s business strategy and future success. Speaking at a recent virtual town hall meeting to some 2,000 Cummins employees, President and Chief Executive Officer, Jennifer Rumsey said PLANET 2050, the company’s environmental sustainability strategy, is crucial to achieving Cummins’ miss...

Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows, and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well into 2023, according to the IEA’s quarterly Gas Market Report. Natural gas markets worldwide have been tightening since 2021, and global gas consumption is expected to decline by 0.8% in 2022 as result of a record 10% con...

Volta Trucks, the globally renowned and disruptive full-electric commercial vehicle manufacturer and services provider, and Siemens Smart Infrastructure, the pioneer in electrification, have signed a Letter of Intent, outlining cooperation to deliver comprehensive eMobility charging infrastructure and software to Volta Trucks customers, to simplify, de-risk, and accelerate their transition to commercial fleet electrification. commercial vehicle fleet electrification The partnership looks to br...

Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has confirmed the details of its first ‘Volta Trucks Hub’ in the UK, serving the battery-electric Volta Zero vehicles that will operate on the streets of London from early 2023. The Hub is the second service and maintenance facility announced by Volta Trucks, after Bonneuil-sur-Marne in Paris, with further centers in other European cities to be announced in due course. Volta Trucks Hub...

QIA (Qatar Investment Authority), the sovereign wealth fund of the State of Qatar, has agreed to invest EUR 2,427.6 million in RWE AG (RWE) to support RWE’s accelerated ‘Growing Green’ strategy. RWE will issue a mandatory convertible bond to a subsidiary of QIA. The bond will be converted into new ordinary bearer shares expected to represent just under 10% of RWE’s existing share capital (and approximately 9.09% of the enlarged share capital post-conversion).  glob...

UK thermal storage technology company SUNAMP has signed a partnership agreement with Faradise Energy (trading name of Pozbud Inwestycje Sp. z o.o.), a subsidiary of construction and engineering company COMPREMUM S.A, listed on the Warsaw Stock Exchange, in move that could curb gas use across Poland. The agreement will see Sunamp ramp up distribution of its energy-efficient thermal batteries in Central and Eastern Europe in line with the company’s international expansion strategy. The firs...

Lincoln Electric Holdings, Inc. (Lincoln Electric) is pleased to host the WorldSkills International Competition 2022 Special Edition for Welding and Construction Metal Work, at its Welding Technology & Training Center (WTTC) in Cleveland, Ohio, USA, from October 17 to 21, 2022.  WorldSkills, which has 85 member countries and 61 skills competitions, seeks to inspire young people to develop a passion for skills in the trades, through global competitions and to turn those passions into pr...

ABB has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between the parties in December 2018. The call option’s exercise value is US$ 1.679 billion. ABB to provide transition services The companies have agreed to settle remaining obligations...

Switzerland aims to transition to a net-​zero energy system by 2050. To meet this goal, it will need to replace fossil fuels with renewables. The Swiss government has also taken the decision to phase out nuclear power. As a result, its plans for carbon neutrality will require not only the electrification of transport and heating by means of electric vehicles and heat pumps, but also measures to compensate for the loss of nuclear generating capacity. To meet increased energy demand, Switzerland...

Three power plant units of RWE Power that were previously on standby will return to the electricity market on schedule in October. The German government has issued the necessary ordinance within the framework of the German Act on the Maintenance of Replacement Power Plants (Ersatzkraftwerkebereithaltungsgesetz). The units Neurath C, Niederaussem E, and F are already scheduled to go into operation in the coming days. As with all other power plants, it is up to the operator to deploy the plants...

Zenobē, the EV fleet and battery storage specialist, has selected EDF to continue to be the company’s partner of choice for trading and optimization of its battery assets. EDF and Zenobē have recently renewed their battery trading and optimization contracts for 59MW consisting of the Claredown, Aylesford, and Kings Barn battery assets. This means Zenobē will continue to have access to the full range of flexibility markets including the wholesale market and balancing mechanism, utilizing E...

Schneider Electric, the pioneer in the digital transformation of energy management and automation, has appointed Joshua Dickinson as the new Senior Vice President and Chief Financial Officer, North America. In his role, Dickinson will be responsible for all financial operations of the ~8.2 billion euro (FY ’21) North America region, including driving profitable growth, navigating the current business landscape while protecting the P&L, and supporting global peers on multiple global in...

Orcan Energy has installed its solution for waste heat for the first time on a river cruise ship. Currently the largest Rhine cruise ship, A-ROSA SENA, owned by A-ROSA Flussschiff GmbH, has installed one of Orcan Energy's ORC modules, designed specifically for the marine market.  E-Motion ship The E-Motion ship, with a hybrid propulsion system consisting of a diesel engine and an electric motor, can convert the waste heat from the ship's engines into electrical energy, reducing its fuel c...