The British city of Bristol is arguably the spiritual home of marine energy. Tim Probert visits two companies at differing stages of development: Marine Current Turbines, recently acquired by Siemens and Offshore Wave Energy, a start-up struggling to raise finance, to find out how marine energy will be brought to market. This article first appeared … Continue reading
With an eye on its ambitious Round 3 offshore wind programme, the UK Department of Energy and Climate Change is targeting a 50 per cent technology cost reduction by 2020. Tim Probert explores how the industry is working to reduce the cost. This article was first published in the September 2012 issue of Energy World. … Continue reading
Industrial conglomerate Siemens has abandoned all plans to build new nuclear power stations following Chancellor Angela Merkel’s decision to phase out nuclear power in Germany. The announcement was made in an interview given to weekly German newspaper Der Spiegel by CEO Peter Loescher, in which he stated that “for us it is a thing of … Continue reading
Effective October 1, Siemens is to split its renewables business into two units: Wind Power and Solar & Hydro. Wind turbines, solar power and components for hydro power plants form part of Siemens’ “Environmental Portfolio”, for which revenue totalled €28 billion ($40 billion) in 2010. Michael Suess, CEO of Siemens Energy, said: “We’re separating solar and … Continue reading
