Tag: power business

Other Utilities, Public Utilities

Siemens to spin off gas and power business

May 8, 2019

Via: Power Engineering SmartGrid

Global energy powerhouse Siemens is to undergo a fundamental transformation by spinning off its gas and power divisions into a new entity which will also comprise its stake in windpower firm Siemens Gamesa. Pending approval by an extraordinary shareholders’ meeting […]

Electric Utility

B&W restructures traditional power business in response to coal decline

July 11, 2016

Via: Utility Dive

The accelerated decline of the coal industry has led Babcock & Wilcox to restructure its traditional power business, seeking to reduce overhead and boost efficiency to help offset a loss of coal-related revenue. The company said it expects a 15% […]