S&C Electric Company has begun operating Europe's largest battery-storage project. S&C Electric Europe, Samsung SDI and Younicos collaborated to deploy the technology onto a United Kingdom Power Networks substation in Leighton Buzzard, Bedfordshire, England.
Switzerland’s engineering group ABB has agreed a joint venture with Hitachi to develop marketing strategies for high-voltage direct current (HVDC) power transmission equipment in Japan.
Emerson Electric Co. has announced a $1.44 billion cash deal with Regal-Beloit Corp. to sell its power transmission solutions business.
The final closing of an asset deal between Hitachi Zosen Inova AG (HZI) and Axpo Kompogas Engineering AG will see all plant construction activities of Kompogas transferred to HZI with immediate effect.
Environmental groups have demanded that the Green Climate Fund (GCF) exclude money for fossil fuels after an Associated Press investigation showed Japan bankrolled coal-fired power plants with money earmarked for fighting global warming.
Ahead of the next Opec conference, falling oil prices – coupled with geo-political sanctions – look set to hit Russia hard.
Following its recent acquisition of 1.866 sq. km (729 square miles) of fracking licences in Scotland, Britain’s largest chemical company, Ineos, has recently revealed a £640 million ($1.024 billion) scheme to develop its exploration operations for shale gas across the UK.
Japan and the US made separate climate funding announcements at the G20 (Group of Twenty) summit of world leaders in Brisbane, Australia, on November 15th and 16th. The two countries pledged up to $1.5 billion and $3 billion, respectively, to the UN Green Climate Fund.
Italian utility Enel SpA is to simplify its Latin American operations and focus on electricity distribution and renewable energy as it increases investment in the region’s growing markets.