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Siemens Energy Offloads Voith Hydro Stake (M&A, Int'l. Report)
Siemens Energy, Voith, Voith Hydro
Date: 2021-10-25
In Germany, Munich-headquartered Siemens Energy AG and Voith are reporting that Voith will take over Siemens Energy's 35 pct stake in the joint venture Voith Hydro, subject to all necessary approvals. The terms and purchase price of the transaction have not been disclosed.

The Voith Hydro joint venture -- fka Voith Siemens Hydro Power Generation -- was founded in 2000 when Siemens and Voith merged their activities in the field of turbine and generator technology for hydropower plants. As part of the independence of Siemens Energy, the shares in Voith Hydro were transferred from Siemens AG to Siemens Energy in 2020.

Siemens Energy focuses on energy transportation and storage , decarbonizing industrial processes, and generating electricity with little or no CO2 emissions. (Source: Siemens Energy, PR, Oct., 2021) Contact: Siemens Energy, Annette von Leoprechting +49 (174) 3303977, annette.von_leoprechting@siemens-energy.com, www.siemens-energy.com; Voith Hydro, www.voith.com

More Low-Carbon Energy News Hyfropower,  Siemens Energy ,  Voith Hydro,  Hydro,  


Cat Creek Taps Voith for Renewable Energy Storage (Ind. Report)
Voith
Date: 2021-05-03
Voith Hydro North America reports it has been selected to design, manufacture and install 720 MW of ternary pumped energy storage equipment for the planned Cat Creek Energy and Water (CCEW) Project in Elmore County, Idaho.

The overall project, which includes wind and solar generation parks, the pumped storage plant and associated electrical transmission facilities and structures, and a very large upper reservoir, will provide more than $1 billion in U.S. manufacturing and construction jobs over the next six years and offset more than 2.7 million metric tpy of CO2 emissions .

The CCEW project also addresses many national and regional issues including the transition to renewable energy and the mitigation of long-term effects of climate change. (Source: Voith, PR, 29 Apr., 2021) Contact: Voith Hydro North America, Stanley J. Kocon, Pres., COO, www.voith.com/us-en/about-us/locations-in-the-united-states/u-s-hydro-locations.html, Voith GmbH, www.voith.com; Cat Creek Energy, www.catcreek-energy.com

More Low-Carbon Energy News Voith,  Renewable Energy,  Energy Storage,  

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