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GE Vernova to acquire Woodward’s heavy-duty gas turbine parts business

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GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating this capability to enhance domestic manufacturing and…

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Battery storage critical for India’s shift from coal, renewable capacity lags behind

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India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…