Siemens Energy

(IN BRIEF) The Elia Group’s new study, “Going like the Wind”, emphasizes the need for stronger cross-border cooperation among European nations to unlock the full potential of offshore wind power in the North Sea, Baltic Sea, Irish Sea, and parts … Read the full press release →

(IN BRIEF) RWE has officially unveiled the first turbine blade for the Sofia Offshore Wind Farm, produced at Siemens Gamesa’s Hull facility. This significant milestone in the construction of the flagship renewable energy project was celebrated at a ceremony attended … Read the full press release →

(IN BRIEF) On 5 September 2024, the European Investment Fund (EIF) announced a €35 million investment in Adara Ventures’ newly launched Energy Fund. With a target size of €120 million, the fund aims to support early-stage companies specializing in technologies … Read the full press release →

(IN BRIEF) Wood has signed agreements to sell two non-core businesses, Ethos Energy Group Limited and CEC Controls Company Inc, as part of its strategy to simplify operations and focus on core capabilities. These sales are expected to generate approximately … Read the full press release →

(IN BRIEF) Energinet, Denmark’s National Electricity Transmission System Operator, has awarded Siemens Energy a comprehensive contract to expand the power grid in Western Denmark over the next eight years. With plans to construct approximately 50 new or reinforced 150 kV … Read the full press release →

(IN BRIEF) Siemens Energy and Energinet, Denmark’s state-owned energy company, have entered a landmark EUR 1.4 billion framework agreement to modernize the country’s energy infrastructure. The deal focuses on expanding the electricity grid in Western Denmark through the construction of … Read the full press release →

(IN BRIEF) Siemens AG showcased a robust second-quarter performance, with revenue holding steady at €19.2 billion and orders reaching €20.5 billion, marking a 12 percent decline from the previous year. The company’s industrial software business exhibited strong growth, particularly in … Read the full press release →

(IN BRIEF) MYTILINEOS Energy & Metals, in partnership with Siemens Energy, has embarked on the construction of a 560 MW Combined Cycle Gas Turbine (CCGT) power unit at the Adamów Power Plant in Poland. The Engineering, Procurement, and Construction (EPC) … Read the full press release →

(IN BRIEF) Triton Fund V, under Triton’s advisement, has finalized the acquisition of Siemens Energy’s Trench business, a leading manufacturer of high-voltage grid components. Trench, renowned for its expertise and global presence with nine factory locations and 2,400 employees worldwide, … Read the full press release →

(IN BRIEF) Uniper reports outstanding financial results for the 2023 fiscal year, with adjusted EBIT reaching €6,367 million, a significant improvement from the previous year. The company’s strategic hedging transactions and operational enhancements contributed to this success, particularly in its … Read the full press release →