EU approves offshore wind farm joint venture

The Commission concluded the proposed transaction would not raise any competition concerns

UK businesses offered battery storage at no upfront cost

Thrive Renewables and Aura Power are instead seeking a share of revenues in exchange for the installation and operation of the batteries

Investor and developer enter joint energy venture

The collaborative effort aims to plan more than 600MW of shovel-ready projects across the UK

EU approves Siemens-AES energy storage joint venture

A joint venture between German engineering firm Siemens and US energy company AES to serve the energy storage market has been approved by the EU Commission. Based in Washington, Fluence Energy will develop and market battery-based energy storage solutions. The Commission said the deal would not raise any competition concerns because of the limited overlap […]

EU approves German-Russian gas equipment merger

The EU has approved a joint venture between a German gas and technology group and a Russian power plant equipment manufacturer. Linde AG and PJSC Power Machines have come together to create Linde Power Machines, which will engineer, produce and distribute stainless steel heat exchange equipment for natural gas liquefaction units. The joint venture will […]

EU approves joint venture for smart grid expansion

The European Commission has approved the creation of a joint venture focused on smart grid expansion. Siemens and Allgäuer Überlandwerk’s (AÜW) new company will operate under the name of egrid applications & consulting (egrid). It is currently solely controlled by the latter firm but Siemens is expected to get a 49% share. The joint venture […]

France’s Total invests $1.7bn in Texas petrochemicals

Texas is launching a $1.7 billion (£1.3bn) petrochemical joint venture in Texas as it wants to profit from the “business-friendly environment” in the US. It plans to build a one million ton per year ethane steam cracker in Port Arthur and a new polyethylene unit on the US Gulf Coast – chemicals used for plastics […]