EIB approves €4.3 bn in transition funding, including €805 mn for clean power

Image: Pexels

The European Investment Bank (EIB) has announced approval for €4.3 billion of new financing to upgrade the region's transport and energy distribution, besides expanding energy stor...

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Siemens Energy's $150 mn transformer plant could help US clear renewables' connectivity backlog

A Siemens large transformer. Custom built and critical to power T&D, they are usually the size of a school bus. Image: Siemens

German power equipment company Siemens Energy announced it would invest $150 million in the US to set up a new transformer facility in Charlotte, North Carolina. Construction will ...

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