International News
ABB to acquire GE Industrial Solutions
ABB, in a release, has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business.
GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, resulting in a unique global portfolio and very comprehensive offering for North American and global customers. They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. Included in the acquisition is a long-term right to use the GE brand. ABB will retain the GE Industrial Solutions management team and build upon its experienced sales force.
Siemens, AES join hands to form global energy storage company
- Jul 11, 2017
Siemens AG and The AES Corporation today announced their agreement to form a new global energy storage technology and services company under the name Fluence. The equal joint venture will bring together AES’ ten years of industry-defining experience deploying energy storage in seven countries with over a century of Siemens’ energy technology leadership and its global sales presence in more than 160 countries, a release from Siemens said.
Fluence will offer customers a wider variety of options to meet the challenges of a rapidly transforming energy landscape. The company will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet their pressing needs for scalable, flexible, and cost-competitive energy storage solutions. Read more