Power
Shanghai Electric H1 2024 highlights progress in energy transition and innovation
Shanghai Electric recorded revenue of RMB 49.869 billion and a net profit of RMB 602 million for the first half of 2024. Shanghai Electric...
Power
GE Vernova, Siemens Energy, Mitsubishi Power lead gas turbine market
GE Vernova, Siemens Energy, and Mitsubishi Power are the top three gas turbine manufacturers leading the global market for gas-fired power plants under construction....
Power
Orsted to shut down its last coal-fired power plant in green transition
Orsted, one of the world’s leading renewable energy companies, will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station.
This will...
Power
LS Power reveals $2.7 bn fund to invest in power and energy infrastructure
LS Power Group announced the close of its latest fund, LS Power Equity Partners V, with commitments of $2.7 billion, exceeding its $2.5 billion...
Power
Meta signs deal with Sage Geosystems for geothermal power to fuel data centers
Meta Platforms, the parent company of Facebook, has entered into an agreement to purchase geothermal power from Sage Geosystems, a move aimed at powering...
Power
BHEL secures ₹11,000 crore order from Adani Power for thermal power projects
Bharat Heavy Electricals (BHEL) has secured an order worth ₹11,000 crore from Adani Power and its subsidiary, Mahan Energen (MEL), to set up three...
Power
Forecast on smart electricity meters in Latin America
The installed base of smart electricity meters in Latin America will grow at a compound annual growth rate of 20.5 percent from 14.0 million...
Power
Power consumption to grow by 4% in 2024: IEA
Global electricity demand is set to grow at its fastest pace in nearly 20 years, driven by a surge in air conditioning use due...
Power
GE Vernova enters R&D contract with German TSOs for multi-terminal HVDC grid
GE Vernova’s Electrification business has announced a research and development contract with four German Transmission System Operators (TSOs): TenneT TSO, 50Hertz Transmission, Amprion, and...
Power
Su-Kam Power Systems sets revenue target of INR 6000 crore
Su-Kam Power Systems, a player in the power backup and solar solutions industry, has set a target to achieve INR 6000 crore in revenue...