Saturday, 18 January 2025

Focus on Siemens

FILE PHOTO: A crane hangs over the first jacket support structure installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island, Rhode Island.
BusinessElectionsElectricityNewsOffshore WindSolarWind

Siemens Energy, RWE warn of Trump fallout in US offshore wind sector

Two of the world's biggest renewables firms warn of potential delays for U.S. offshore wind sector under Trump due to policy challenges.

FILE PHOTO: Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityInfrastructureNewsOffshore WindWind

Siemens Energy won’t propose dividend for fiscal year 2024

Siemens Energy will not issue a 2024 dividend due to German-backed guarantees, pausing payouts and top-level bonuses.

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.

News ReleaseNews

Beam Global Announces Appointment of Sales Veteran to Lead and Expand Internal and External Sales Teams

Andy Lovsted brings 20 years of executive leadership and distribution channel development experienceSAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq:...

A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/ File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsRegulationsTrade

Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown

Dassault Systemes cuts 2024 revenue growth forecast again, citing automotive slowdown, amid competitive pressure from rivals.

FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessLiquefied Petroleum GasNewsOilRegulations

Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens Energy sues Citgo's parent, PDV Holding, for $200M over a Venezuelan promissory note default amid Citgo share auction.

FILE PHOTO: A trader walks next to Siemens Energy AG logos during Siemens Energy's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt, Germany, September 28, 2020. REUTERS/Ralph Orlowski/File Photo
BusinessCourtsInfrastructureLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsPoliticsRegulations

Siemens Energy agrees to settlement with US in case over gas turbine contracts

Siemens Energy to pay $104 million in U.S. settlement over using stolen trade secrets in bids for contracts in 2019.

News ReleaseElectric Vehicles (EVs)HydrogenStorageTransport

Saft delivers innovative LTO traction batteries to power Siemens Mobility’s hydrogen trains

Saft LTO traction batteries enable hydrogen fuel cell propulsion on Mireo Plus H trains that will operate on routes in Germany  Lithium titanate...

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.

News Release

Mitsubishi Electric’s Italian Subsidiary Is First Japanese Affiliate to Receive Order for R290 HVAC Systems for German S-Bahn Trains

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its Italian subsidiary Mitsubishi Electric Klimat Transportation Systems S.p.A. has received an order from...

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