GE has successfully completed $3.2 billion acquisition of Converteam, a provider of power conversion and automation systems and power electronics, motors and generators. Converteam’s portfolio includes variable frequency drives and other power electronics, advanced motors and generators, as well as industrial automation and controls. Converteam’s products are widely used in the renewable energy sector, turning intermittent and variable power from solar, wind and tidal sources into the high quality and reliable power required by grid operators throughout the world.
René Umlauft is the new CEO of MAN Diesel & Turbo. The 46-year old has moved from the Renewable Energy division of Siemens AG to Augsburg and will also be joining the Executive Board of MAN SE as a Deputy Member.
The U.S. Department of Energy has selected 16 projects aimed at developing advanced post-combustion technologies for capturing carbon dioxide (CO2) from coal–fired power plants. The projects, valued at $41 million over three years, are focused on reducing the energy and cost penalties associated with applying currently available carbon capture technologies to existing and new power plants.
Ameridrives Couplings now offers a full line of Ameriloc internal and external locking devices and shaft couplings. All units are custom-engineered, manufactured, and tested to tolerances to meet specific customer requirements and provide years of trouble-free service.
The devices eliminate the need for keyways, splines, or hydraulic hubs; allowing for unlimited shaft positioning. Features include zero backlash, reduced shaft stress, and high contact pressure for greater torque. Tight contact prevents contamination in high dust and moisture environments.
Allied Power Group has named Ron Shaver as the new Vice President of Operations. Mr. Shaver will oversee the company’s expansion projects, which include protective coatings, heat treatment and compressor repairs in a facility that is growing to 133,000 square feet.
Terrance N. Ivers, 53 is the new CEO of Siemens Energy's Compression and Solutions Business Unit of the Oil & Gas Division. He takes over from Donald Weir, who has decided to leave Siemens. Since 2007 Ivers was the president of Amec Paragon, an international project management company and service provider to the upstream and midstream (especially pipeline) industries.
GE and China Huadian Corporation have formed a joint venture to develop distributed energy combined heat and power (DECHP) projects that will provide electricity for consumers in China located close to the plants. The $100 million joint venture company will be called Huadian GE Aero Gas Turbine Equipment Co., Ltd, with China Huadian owning the majority share.
GE has acquired Commtest, a provider and designer of machinery health information systems. GE Energy’s Bently Nevada product line, a global leader in condition monitoring, will incorporate Commtest products into its portfolio. Bently Nevada provides machinery protection and condition monitoring for refineries, petrochemical plants, power plants and wind farms.
Emerson Network Power has launched the ASCO PowerQuest Power Monitoring and Control System that helps facility managers enhance power reliability, availability and efficiency, and creates the next paradigm for on-site power management.