Still heavily reliant on imported fossil fuels, Japan has declared offshore wind energy a "trump card" in its drive to make renewables its top power source by 2040, and reach carbon neutrality a decade later.
EDGE signs agreement with Turbomachine to jointly build engines
Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and propellant fan, for EDGE portfolio of UAVs and missiles. The agreement will see EDGE and Turbomachine work closely together on the development of engines, including turbofan and propellant fan, for...Siemens Energy shares fall due to technical problems at wind turbine unit
FRANKFURT, GERMANY - Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought. The group scrapped its full-year profit target and said it was setting aside more than US$1.1 billion (1 billion euros) over the coming years...
DEWA’s new project cuts 44,000 tons of carbon emissions annually
The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.
Siemens posts Q4 profit of $3bn
Firm posts FY 2021-22 net profits of around US$4.6 billion.
‘Well prepared to tackle Russia’s gas embargo’
EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. "We are well prepared to resist Russia's extreme use of the gas weapon," he told reporters on the...
