Fluence acquires Nispera to monitor, forecast, and optimize the performance of energy assets
Key Insights and Signals in Industrial
Center setup and Expansion ABB invests in National Logistics Center for CL distribution The company will open a National Logistics Center (NLC) in Hebron, Kentucky. Following a series of other major investments, the new NLC will double ABB’s distribution footprint to allow the company to support future customer growth and new business opportunities. Read More>> Blue Star to start its new Sri City plant In Oct-Nov this year, the company unveiled another manufacturing unit in Sri City, Tamil Nadu. B. Thiagarajan, MD of Blue Star, told TNIE that the Sri City plant of the company would manufacture 1.2 mn units of room air conditioners. Read More>> Uline to lease a large spec building in Kenosha for distribution operations The company plans to lease a 756,728-square-foot speculative industrial building near the Kenosha Regional Airport to establish additional distribution center operations. According to city records, the company plans to have 120 employees working at the building on three shifts. Read More>> Duke Energy’s first solar plant in Surry County, N.C., goes online The company continues to expand solar power in North Carolina with its 22.6-megawatt (MW) Stony Knoll Solar power plant in Surry County. The project is owned and operated by Duke Energy Sustainable Solutions. The outlook is promising for more solar energy in the future as Duke Energy develops a proposed Carolinas Carbon Plan, which will be submitted to regulators in May. Read More>>Deals Li-Cycle selects Veolia for Rochester plant The company has selected Veolia Water Technologies as a partner in its Rochester, New York, battery recycling plant. The factory aims to recycle approximately 250,000 electric vehicle batteries per year by using Veolia’s crystallization technology. Read More>> GE Renewable Energy signs PPA for 21 MW of wind in Spain The company signed a power purchase agreement (PPA) with Spanish renewables developer Forestalia to support a new 21-MW wind farm project in Spain and lower the carbon footprint of its European operations. Read More>> Saint-Gobain to provide drinking water to 1,000 properties The company has agreed to provide drinking water to about 1,000 properties in New Hampshire that showed elevated levels of toxic industrial compounds associated with severe health conditions. More than 350 impacted properties will receive either a water line connection or a treatment system. Read More>> Wartsila secures maintenance deals for MMS LNG Pair The company signed Optimized Maintenance agreements with the Japanese shipping company, MMS Co., covering the latter two liquefied natural gas carrier vessels. The agreements, signed in February 2022, are designed to deliver maximized engine uptime and long-term cost predictability, optimizing maintenance for the highest efficiency and lowest carbon footprint. Read More>>Partnerships Festo-Didactic pre-apprenticeship partnership A partnership between the company and two Ohio high schools underscores the growing interest in teaching automation technology skills at the primary and secondary levels. In response, manufacturers, local and state governments, and educational institutions are coming together to help minimize this problem. Read More>> Schneider Electric becomes official sustainability partner for Rajasthan Royals The company has become the official sustainability partner for the Rajasthan Royals, with the team and management pledging to become Green Yodhas for the planet. Schneider Electric will work with Rajasthan Royals to make the game of cricket more sustainable. Read More>>Mergers and Acquisition Fluence is acquiring a renewable energy SaaS firm, Manufacture Link The company announced that it has agreed to buy Nispera AG. Nispera is a renewable energy-focused artificial intelligence (AI) and machine learning (ML) software-as-a-service firm established in Zurich. Furthermore, offering energy storage technologies to owners of current renewable energy assets and portfolios is tremendous cross-selling potential. Read More>> Polycab India buys office space in Mumbai’s Dadar for INR 202 Cr (USD 26.5 Mn) The company acquired a sea-view office spread over two floors at commercial tower The Ruby in central Mumbai’s Dadar locality in one of the few large outright deals for office spaces in the recent past. The company’s newly acquired office spread over 55,400 sq. ft space is near its existing headquarters Polycab House in central Mumbai’s Mahim locality. Read More>>Executive Movement TCL North America appoints Chris Hamdorf to Sr VP as part of a broader executive team expansion The company has appointed Chris Hogan as vice president of Smart Home sales. Before joining the TCL team, Hogan was most recently Sr. Director of Sales at Midea America Corporation, after spending successful stints at Sharp, LG, and Samsung. Read More>> PLUG POWER INC. change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits Ms. Bua and Ms. Mahtani were also appointed to the audit committee of the Company’s Board, with Ms. Bua appointed as the chair of the audit committee. Ms. Bua served as a Board member and Audit Committee Chair for Coresite Realty until its acquisition at the end of 2021. Read More>> Change in Directors or Principal Officers in Columbus McKinnon Corp The company announced that Kurt F. Wozniak would depart his employment as President of Industrial Products Group. Mr. Wozniak has indicated that he intends to retire. All other unvested stock options, restricted stock units, and performance stock units held by Mr. Wozniak shall be forfeited as of the Departure Date. Read More>>
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Latest Industry Insights from Draup Braindesk
Ceilings Resource: CertainTeed launched a newly realigned ceilings resource for expanding its product portfolio that brings to the commercial market, providing a total solution for projects of any size and budget.
Acoustic Wall Panel: CertainTeed launched Ecophon Hygiene Advance Wall that allows for cleaning behind panels means facilities can enhance acoustics without major structural modifications to a space.
Felt Products: CertainTeed launched two new product lines to offer greater design options for those seeking the modern aesthetics and exceptional acoustics provided by felting.
Digital Tools: CertainTeed collaborated with Hyperframe to help customers set new safety, quality, speed, and simplicity benchmarks through a new, digitally supported construction process.
Key Funding Alert
Suzlon Energy plans to raise about INR 3,000 Cr (USD 393K) to refinance debt
The company is looking at refinancing to streamline the lenders, avail better terms from restrictions on cash usage, and bolster the growth of the business. The cash flows are ring-fenced, and the existing or proposed debt is being restructured or sanctioned for the entities. Read more>>
Startup Spotlight
Company – FactoryFix Total Funding– USD 19.28 Mn About: FactoryFix is a managed marketplace that connects manufacturing companies to a vetted network of skilled workers such as engineers, machinists, and maintenance techs. Companies use FactoryFix to find and hire qualified labor for full-time jobs or part-time projects. Read more>>
Latest Reports Published in Draup
Report Timken Company Account Intelligence Report:
Timken strives to improve the reliability and efficiency of global machinery and equipment to move the world forward. It helps engineers with the next-gen of machinery and equipment through customer-centric innovations and application knowledge. Read More>>
Aditya Birla Management Corporation Pvt. Ltd. Account Intelligence Report:
Aditya Birla Fashion and Retail are keen to expand digital fashion brands and build iconic brands to engage with customers across various spaces and drive unified lifestyle brands. The company is developing mining, primary metal manufacturing, building materials, and electrical and electronic components. Read More>>
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