Sunday, 19 January 2025

Focus on GE Vernova

Land-based wind turbines spin in Atlantic City, N.J. on Sept. 18, 2024. (AP Photo/Wayne Parry)
AnalysisBusinessElectricityInfrastructureOffshore WindUtilitiesWind

Still unable to find equipment makers, New Jersey offshore wind project seeks 2nd delay

New Jersey's offshore wind project seeks a second delay due to ongoing challenges in securing turbine equipment amid market volatility.

FILE PHOTO: Workers of GE Vernova, in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe/File photo
BusinessEconomyElectricityIndustryNatural GasNewsOffshore WindWind

GE Vernova cautious about wind sector as gas business soars

GE Vernova resumes wind turbine work but remains cautious, forecasting losses and shifting focus amid industry challenges.

News ReleaseNews

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

NEW YORK--(BUSINESS WIRE)--GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update...

FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. Picture taken July 23, 2019. REUTERS/Alwyn Scott/File Photo
BusinessEconomyElectricityFinanceLegislationNewsPoliticsRegulations

GE reaches $362.5 million shareholder settlement over power unit

GE will pay $362.5 million to resolve a shareholder lawsuit over hidden risks at its power business.

Solar panels sit in the yard of an apartment building in Lyman, Donetsk region, Ukraine.
ElectricityNewsPoliticsSolarWind

Ukraine has seen success in building clean energy, which is harder for Russia to destroy

Ukraine's largest private energy company reveals bar charts of rebuilding Ukraine's clean power amid relentless Russian strikes.

FILE PHOTO: The sun sets behind wind turbines at the Saint-Nazaire offshore wind farm, off the coast of the Guerande peninsula in western France, February 25, 2023. REUTERS/Stephane Mahe
AnalysisBusinessEconomyElectricityOffshore WindPoliticsWind

Global offshore wind industry poised to miss big targets as obstacles mount

Global offshore wind faces setbacks: rising costs, delays, and missed targets jeopardize renewable energy goals by 2030.

News ReleaseNews

Next Hydrogen Reports Q3 2024 Financial Results

MISSISSAUGA, Ontario, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer...

FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023.   REUTERS/Leo Simon/File Photo
BusinessManufacturingNewsOffshore WindUtilitiesWind

Siemens Energy raises mid-term outlook as turnaround gathers pace

Siemens Energy narrows Q4 losses, triples shares YTD, and raises 2028 profit outlook, driven by strong demand and order growth.

A land-based wind turbine spins in Atlantic City, N.J. on Sept. 18, 2024. (AP Photo/Wayne Parry)
ElectricityInfrastructureManufacturingNewsWind

New Jersey hits pause on offshore wind project Leading Light Wind

New Jersey hit the pause button Wednesday on the project for having a hard time finding someone to manufacture blades for its turbines.

Land-based wind turbines spin in Atlantic City, N.J., April 28, 2022. (AP Photo/Wayne Parry)
BusinessElectricityNewsWind

Another New Jersey offshore wind project runs into turbulence

Amid opposition in New Jersey, proposed offshore wind farm development held up by failing to secure a manufacturer for turbine blades.

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