ABB explores options to sell Power Grids business

Oct 22, 2018
ABB has started to examine various options for the sale of its Power Grids business, according to unnamed sources. The move to sell off Power Grids, if true, would represent … read more »
Oct 22, 2018

Morgan Stanley fund pays $47 million for easement rights to Con Ed substation

Oct 18, 2018
Morgan Stanley Infrastructure paid almost $47 million dollars to gain easement rights to a Consolidated Edison substation in Brooklyn. The site, on the Gowanus waterfront, is currently owned by Australian … read more »
Oct 18, 2018

Miguel López takes over as new CEO of Siemens Spain

Oct 16, 2018
Miguel Ángel López has been named the new CEO of Siemens Spain after Rosa García García decided to leave the company. López, currently Chief Financial Officer of Siemens Gamesa Renewable … read more »
Oct 16, 2018

Whitefish Energy wins US contracts after getting ousted from Puerto Rico

Oct 11, 2018
Whitefish Energy has won a series of US contracts despite losing a $300 million no-bid contract to restore Puerto Rico’s electric grid. Founded in 2015, Whitefish has only two employees … read more »
Oct 11, 2018

IPO contender Ampcontrol to present at investor conference hosted by Morgans

Oct 10, 2018
Electrical engineering and control systems company Ampcontrol has announced its intentions to gain investors prior to its initial public offering. Ampcontrol chief executive Rod Henderson will front fundies to explain … read more »
Oct 10, 2018

POSCO Energy to cut ties with FuelCell Energy

Oct 9, 2018
POSCO Energy has decided to end its unprofitable partnership with FuelCell Energy soon. Sources say the Korean energy producer has been in discussions with major investment banks regarding the sale … read more »
Oct 9, 2018

Siemens plans to acquire switchgear manufacturer Russelectric

Oct 8, 2018
Siemens has announced plans to acquire Massachusetts-based Russelectric, a leading U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The acquisition will bring together the companies’ … read more »
Oct 8, 2018

Three ZESA executives arrested over $35 million transformer equipment

Oct 5, 2018
Three top officials at the Zimbabwe Electricity Supply Authority (ZESA) Holdings have been arrested over a missing $35 million order for transformer-making equipment. According to police spokesman Assistant Commissioner Paul … read more »
Oct 5, 2018

Transformer Demagnetization – when is it important?

In the marketplace for electrical transformer test equipment, there is a lot of talk about demagnetization of transformers. It is a recommended practice that probably will make it into the … read more »
Oct 4, 2018

China and Kazakhstan sign $1.9 billion investment agreements

Oct 3, 2018
First Vice Premier of the State Council of China and co-Chairman of the Kazakhstan-China Cooperation Committee Han Zheng and First Deputy Prime Minister of Kazakhstan Askar Mamin oversaw the signing … read more »
Oct 3, 2018

Saudi Arabia expresses interest in Pakistan energy sector investment

Oct 3, 2018
Saudi Arabia has shown interest in investing in Pakistan’s energy sector. The interest was expressed by a Saudi delegation led by Advisor on Energy Ahmad Hamed Al-Ghamdi during a meeting … read more »
Oct 3, 2018

GE names H. Lawrence Culp, Jr as new Chairman and CEO of GE

Oct 2, 2018
GE has announced the appointment of H. Lawrence Culp, Jr as Chairman and Chief Executive Officer. The appointment came by a unanimous vote of the GE Board of Directors, effective … read more »
Oct 2, 2018