Global energy giant Shell is continuing its push into Australia’s power market with a deal to buy a major stake in wind farm developer WestWind. The acquisition, due to be announced on Tuesday, marks an acceleration of the London-based oil and gas giant’s efforts to expand its power generation andRead More →
Rain-damaged refugee camps in Idleb, Syria, December 19, 2021. /CFP Rain-damaged refugee camps in Idleb, Syria, December 19, 2021. /CFP Editor’s note: Bobby Naderi is a London-based journalist, guest contributor to print, radio and television and documentary filmmaker. The article reflects the opinions of the author and not necessarily theRead More →
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The sign of Mitsubishi Corp is pictured at its headquarters in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Dec 17 (Reuters) – Japan’s Mitsubishi Corp (8058.T) said on Friday that executive vice president and chief electrical business officer KatsuyaRead More →
General Electric Co. GE 0.17% aims to create a market-leading power company as the conglomerate splits into three. But it faces fierce competition from rivals who are also repositioning their businesses to take advantage of the global renewables boom. GE this week announced plans to create a new, stand-alone companyRead More →
In October 2008, when Crane was COO, Chicago-based Exelon launched a hostile take-over bid for NRG Energy Inc. NRG was a merchant generation company, which means it sells electricity wholesale in deregulated markets rather than obtaining a regulated return like a traditional utility. The trading generation is more exposed toRead More →
By Ron Bousso, Chris Prentice LONDON/WASHINGTON (Reuters) – BP has asked to supply U.S. residential customers with electricity generated from wind, solar and natural gas, betting on rapid growth in demand for electricity as economies give up fossil fuels to fight climate change. FILE PHOTO: Details are seen on aRead More →
Could General Electric (NYSE: GE)to finally be on the verge of a turnaround? For the first time in a long time, it seems possible. Such a change would certainly be welcomed by shareholders. Expectations of current CEO Larry Culp were high when he was hired in late 2018, but heRead More →
This decision marks a dramatic turnaround for GE. Barely five years ago, the the company doubled the coal by acquiring the electricity business of Alstom, which manufactures coal turbines. The $ 9.5 billion deal – the biggest industrial purchase GE ever made – turned out to be a disaster. CoalRead More →