July 10, 2023
Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its wind turbines triggered a record share price drop, a person familiar with the matter said. The groups will add scrutiny …
July 7, 2023
Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind sector in late June …
July 3, 2023
Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist …
June 22, 2023
Sedgwick, the Memphis, Tenn.-based loss adjuster, has launched a new power and energy division in the UK, under the leadership of industry veteran David Ward. The division will focus on claims affecting the energy and power sectors, with the capabilities …
June 15, 2023
Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows …
April 17, 2023
SAPPORO, Japan — The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But …
October 12, 2022
Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological Organization warned on Tuesday, with a senior official saying that climate change poses as big a threat to global energy security as the …
August 22, 2022
Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the …
June 9, 2022
Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in U.S. credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its traditional base. “We are seeking to boost our investment …
May 12, 2022
The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading climate envoys said on …