News & Press Releases
Asia
HD Hyundai Commits Over $800M to Power Engine and SMR Manufacturing Facilities
South Korean shipbuilding major HD Hyundai has announced investments totalling more than US$800 million directed at two distinct manufacturing initiatives — an expanded onshore production facility for high-power generation engines and a dedicated small modular reactor (SMR) manufacturing plant.
A...
Europe
EU Commission Approves Germany’s €35 Billion Electricity Capacity Mechanism
The European Commission has officially approved a German electricity capacity mechanism valued at up to €35.2 billion, a scheme designed to safeguard the national power supply during the country’s transition to a decarbonized energy system. This approval follows the...
Companies
Google and Fortum Sign Nuclear Power Deal for Finland’s Loviisa Plant
Tech giant Google has signed a long-term Power Purchase Agreement (PPA) with Finnish energy company Fortum, securing up to 50% of the Loviisa nuclear power plant's capacity and providing critical financial certainty for the plant's life extension and power...
News & Press Releases
Component validation during operation – Siemens Energy tests new gas turbine technologies at German Chemical Park
Siemens Energy has installed and commissioned an SGT-800 Industrial Demonstrator Turbine at a gas-fired power plant at the Marl Chemical Park in Germany. The demonstrator gas turbine allows Siemens Energy to validate new gas turbine technologies and components under...
News & Press Releases
WeWork India to develop 10 MWp solar power plant in Karnataka, accelerating its goal to transition to 100% renewable electricity
WeWork India Management Limited, the industry leader in the flexible workspace sector, today announced plans to develop a 10 MWp (DC) ground-mounted solar power plant in Karnataka, marking a significant milestone in its goal to transition towards 100% renewable...
News & Press Releases
KIER Sets World Record in Perovskite/CIGS Tandem Solar Cell Efficiency at 26.7%
The Photovoltaic Research Department of the Korea Institute of Energy Research (KIER) has achieved a certified world-record efficiency of 26.7% for perovskite/CIGS tandem solar cells, marking a new chapter in next-generation thin-film photovoltaics. The result was officially certified by...
News & Press Releases
Kazakhstan Signs Contract with Rosatom to Build Its First Nuclear Power Plant
Kazakhstan has signed a landmark contract to design, supply, and construct its first nuclear power plant, moving the long-planned project into a concrete implementation phase as the country works to strengthen energy security and prepare for growing electricity demand.
The...
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