Fortune magazine just released its prestigious Most Powerful Women in Business list, and Cummins is proud to see our very own CEO, Jennifer Rumsey, amongst the 50 accomplished women recognized this year. “I am truly honored to be included alongside these powerful women leaders,” says Jennifer Rumsey, adding “My life and career have been shaped by instrumental people who helped me see my potential, created an environment that allowed me to be who I am at work, cared about me, a...

Jenkins Electric, an electromechanical service and parts provider, specializing in electric motor repair and test products, as well as a variety of distribution parts, has acquired Wheeler, a sleeve and fluid film-bearing manufacturer based in North Charleston, South Carolina, USA. “This acquisition expands our capabilities and offerings in the industrial motor parts and service industry,” said Iain Jenkins, Jenkins President, adding “From the North Charleston location, Jenkin...

Wurth Elektronik's Asia Production Team will again provide users with interesting insights into the current situation in China and its influence on the procurement of printed circuit boards on the Chinese market. In the document, users will find answers to the questions: What is the situation in the raw materials market? How is the economy developing in China and what does this mean for the PCB industry? What impact does the Chinese government's zero-covid policy have on the PCB market? W...

Siemens Smart Infrastructure and Eplan have signed a strategic partnership to strengthen collaboration in the area of software solutions for the industry and infrastructure market segments. As part of this agreement, Siemens’ Electrical Products business unit will join the Eplan Partner Network, as a strategic partner. Siemens – Eplan Partnership The objective of the partnership is to coordinate the products of both companies in a more targeted manner, in order to offer optimized...

Cummins Inc.’s new Chief Executive Officer urged employees to be advocates for the company’s environmental sustainability strategy, maintaining it is integral to the global power leader’s business strategy and future success. Speaking at a recent virtual town hall meeting to some 2,000 Cummins employees, President and Chief Executive Officer, Jennifer Rumsey said PLANET 2050, the company’s environmental sustainability strategy, is crucial to achieving Cummins’ miss...

Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows, and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well into 2023, according to the IEA’s quarterly Gas Market Report. Natural gas markets worldwide have been tightening since 2021, and global gas consumption is expected to decline by 0.8% in 2022 as result of a record 10% con...

Volta Trucks, the globally renowned and disruptive full-electric commercial vehicle manufacturer and services provider, and Siemens Smart Infrastructure, the pioneer in electrification, have signed a Letter of Intent, outlining cooperation to deliver comprehensive eMobility charging infrastructure and software to Volta Trucks customers, to simplify, de-risk, and accelerate their transition to commercial fleet electrification. commercial vehicle fleet electrification The partnership looks to br...

Volta Trucks, the disruptive full-electric commercial vehicle manufacturer and services provider, has confirmed the details of its first ‘Volta Trucks Hub’ in the UK, serving the battery-electric Volta Zero vehicles that will operate on the streets of London from early 2023. The Hub is the second service and maintenance facility announced by Volta Trucks, after Bonneuil-sur-Marne in Paris, with further centers in other European cities to be announced in due course. Volta Trucks Hub...

QIA (Qatar Investment Authority), the sovereign wealth fund of the State of Qatar, has agreed to invest EUR 2,427.6 million in RWE AG (RWE) to support RWE’s accelerated ‘Growing Green’ strategy. RWE will issue a mandatory convertible bond to a subsidiary of QIA. The bond will be converted into new ordinary bearer shares expected to represent just under 10% of RWE’s existing share capital (and approximately 9.09% of the enlarged share capital post-conversion).  glob...

UK thermal storage technology company SUNAMP has signed a partnership agreement with Faradise Energy (trading name of Pozbud Inwestycje Sp. z o.o.), a subsidiary of construction and engineering company COMPREMUM S.A, listed on the Warsaw Stock Exchange, in move that could curb gas use across Poland. The agreement will see Sunamp ramp up distribution of its energy-efficient thermal batteries in Central and Eastern Europe in line with the company’s international expansion strategy. The firs...

Lincoln Electric Holdings, Inc. (Lincoln Electric) is pleased to host the WorldSkills International Competition 2022 Special Edition for Welding and Construction Metal Work, at its Welding Technology & Training Center (WTTC) in Cleveland, Ohio, USA, from October 17 to 21, 2022.  WorldSkills, which has 85 member countries and 61 skills competitions, seeks to inspire young people to develop a passion for skills in the trades, through global competitions and to turn those passions into pr...

ABB has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between the parties in December 2018. The call option’s exercise value is US$ 1.679 billion. ABB to provide transition services The companies have agreed to settle remaining obligations...

Switzerland aims to transition to a net-​zero energy system by 2050. To meet this goal, it will need to replace fossil fuels with renewables. The Swiss government has also taken the decision to phase out nuclear power. As a result, its plans for carbon neutrality will require not only the electrification of transport and heating by means of electric vehicles and heat pumps, but also measures to compensate for the loss of nuclear generating capacity. To meet increased energy demand, Switzerland...

Three power plant units of RWE Power that were previously on standby will return to the electricity market on schedule in October. The German government has issued the necessary ordinance within the framework of the German Act on the Maintenance of Replacement Power Plants (Ersatzkraftwerkebereithaltungsgesetz). The units Neurath C, Niederaussem E, and F are already scheduled to go into operation in the coming days. As with all other power plants, it is up to the operator to deploy the plants...

Zenobē, the EV fleet and battery storage specialist, has selected EDF to continue to be the company’s partner of choice for trading and optimization of its battery assets. EDF and Zenobē have recently renewed their battery trading and optimization contracts for 59MW consisting of the Claredown, Aylesford, and Kings Barn battery assets. This means Zenobē will continue to have access to the full range of flexibility markets including the wholesale market and balancing mechanism, utilizing E...

Schneider Electric, the pioneer in the digital transformation of energy management and automation, has appointed Joshua Dickinson as the new Senior Vice President and Chief Financial Officer, North America. In his role, Dickinson will be responsible for all financial operations of the ~8.2 billion euro (FY ’21) North America region, including driving profitable growth, navigating the current business landscape while protecting the P&L, and supporting global peers on multiple global in...

Orcan Energy has installed its solution for waste heat for the first time on a river cruise ship. Currently the largest Rhine cruise ship, A-ROSA SENA, owned by A-ROSA Flussschiff GmbH, has installed one of Orcan Energy's ORC modules, designed specifically for the marine market.  E-Motion ship The E-Motion ship, with a hybrid propulsion system consisting of a diesel engine and an electric motor, can convert the waste heat from the ship's engines into electrical energy, reducing its fuel c...

Martin McCabe joins from Contactum Ltd bringing a wealth of industry experience gained from devising and implementing customer service improvement programs, and process enhancements and delivering customer service excellence for a dynamic and varied client base. Martin McCabe’s objective at CP Electronics, part of Legrand UK and Ireland, will be to create and develop an industry-leading customer service experience, achieved by streamlining communication processes and improving response ti...

Shenzhen EN Plus Tech Co., Ltd. (EN+), a China-based intelligent electric vehicle (EV) charging solutions provider, announces it has completed a new round of financing from strategic investor Eaton, a power management company. Electric vehicle charging market “EN+ is excited to complete this strategic step for future business growth.  EN+’s business demonstrates strong track record in recent years,” said Tony Jin, CEO, EN+. “EN+ is committed to contributing to the...

Schneider Electric, the globally renowned company in digital transformation of energy management and automation, today unveiled Advanced Electrical Design™ for Autodesk® Revit® at the Autodesk University conference. Schneider Electric formed BIM Electrical Corp. as result of its strategic partnership with Autodesk, an internationally renowned company in design and make technology, to bring this advanced BIM-based electrical design solution that integrates directly with Revit, crea...

Siemens will replace American Electric Power’s (AEP) existing protection simulation operation software with PSS®CAPE. Ohio-based AEP, the largest transmission grid operator in the U.S.A., serves 5.5 million customers across 11 US states and maintains the largest transmission network in the country, with over 40,000 miles of transmission lines. As grid planning and operations becomes more complex, traditional, siloed manual practices for sharing model data across departments are no lon...

Orcan Energy, the company turning waste heat into clean electricity, has raised EUR 28.5 million in a late-stage growth round. The funding comes from prominent Article 9 Funds TiLT Capital, a new asset management company dedicated to energy transition and part of the Siparex Group, one of France’s leading private equity companies, and a well-known European institutional investor, as well as existing investor Air Liquide Venture Capital (ALIAD). Based in Munich, Germany, Orcan Energy will...

E.ON’s wholly owned subsidiary - PreussenElektra GmbH has reached an agreement with the Federal Ministry of Economics and Climate Action (BMWK) and the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) on the cornerstones of a potential continued operation of the Isar 2 nuclear power plant beyond 31 December 2022. Regarding a potential continued operation of Isar 2, the operators have recently been in close exchange with the Federal M...

RWE’s Pembroke Power Station recently marked 10 years of safe and successful operations. Staff, past and present, and their families, came together in several events to celebrate this milestone and to hear more about the future decarbonization of the site. UK’s energy transition RWE is Wales’ largest energy generator and also the largest renewable generator with 12 sites including onshore and offshore wind, hydro, and the most efficient gas plant in the UK - Pembroke. The s...

The International Energy Agency (IEA) and several partners have launched a new tool to track financing costs for energy projects around the world, with the aim of identifying and addressing risks that have impeded vital investment flows to emerging and developing economies. Cost of Capital Observatory The Cost of Capital Observatory was developed by the IEA, together with the World Economic Forum, ETH Zurich and Imperial College London. It will be hosted on the IEA’s website and regularl...

Infinitum, the creator of the breakthrough air-core motor, announces that technology leader Rick Tewell will join the company as President. Rick brings nearly four decades of leadership experience scaling production across the automotive, semiconductor, and electronics industries to Infinitum and will help lead the company’s hypergrowth phase. Prior to joining Infinitum, Rick Tewell was the Chief Operating Officer (COO) for AEye, a pioneer in high-performance, lidar solutions for industri...

Electric Miles has been selected for Tech Nation's Net Zero 3.0 program and join 34 of the UK’s most impactful early-stage scale up climate tech companies. Electric Miles believe that the ready-to-scale product, which strongly focuses on the UK ambition towards Net Zero with the mission of making charging better for drivers and the environment to ensure that charging is happening at the right time, at the right cost and with the lowest carbon impact on the environment. Latest IPCC report...

Electric Miles is selected for Tech Nation's Net Zero 3.0 program, joining 34 of the UK’s most impactful early-stage scale up climate tech companies. They believe that the ready-to-scale product strongly focuses on the UK's ambition towards Net Zero with the mission of making charging better for drivers and the environment to ensure that charging is happening at the right time, at the right cost, and with the lowest carbon impact on the environment. Latest IPCC report From heating homes...

Momentum continues to build behind low-emissions hydrogen amid the global energy crisis, with electrolyzer manufacturing expected to grow strongly and pilot projects proliferating in new applications such as steel and transport, a new IEA report says. But these areas remain a small part of the overall hydrogen landscape, highlighting the need for greater policy support. carbon capture and storage The encouraging developments in hydrogen technologies that can support the clean energy transitio...

Infinitum, creator of the breakthrough air-core motor, has announced that technology pioneer - Rick Tewell will join the company as President. Rick Tewell brings nearly four decades of leadership experience scaling production across the automotive, semiconductor, and electronics industries to Infinitum and will help lead the company’s hypergrowth phase. Rick's experience  Before joining Infinitum, Rick was Chief Operating Officer for AEye, a global pioneer in high-performance, lida...