Alfa Laval acquires RenCat’s hydrogen processing technology to compete in the growing market
Key Insights and Signals in Industrial
Center setup and Expansion Endress+Hauser celebrates the opening of additional buildings in Stahnsdorf The instrumentation company expanded its center of competence for silicon pressure sensors in Stahnsdorf near Berlin, Germany, at the cost of more than EUR 12 Mn (USD 12.7 Mn). A new production hall was added to the existing building to serve the growing demand for silicon pressure instrumentation. Read More>> ChargePoint opens new United Power EV charging station The company opened its third public electric vehicle fast-charging station with a ribbon-cutting event. The newest charging station in the cooperatives network is located at its Carbon Valley, Colorado, office along Interstate 25, just south of Longmont, and fills a 30-mile gap in available charging options. Read More>> Trumpf proposes 52,000-square-foot addition to the Farmington manufacturing building The North American headquarters of a machine-manufacturing company is proposing a 52,000-square-foot addition to the largest building on its campus at 1 Johnson Road in Farmington. In addition to the manufacturing facility, there are two office buildings, which are 76,200 square feet and 32,032 square feet. Read More>>Deals Fluence Corporation lands USD 1.9 Mn water treatment order from US Govt. The company signed a contract with the US Government to supply four wastewater treatment plants. The order was placed by Supply Core, a contractor to the US Federal Emergency Management Agency, which falls under the US Department of Homeland Security. Read More>> Alstom to deliver first semi-high speed RRTS train to NCRTC The company will deliver the first state-of-the-art semi-high speed RRTS trainset to National Capital Region Transport Corporation. Alstom had commenced manufacturing the regional commuter and transit trains for the Delhi-Ghaziabad-Meerut semi-high-speed rail corridor for RRTS Phase 1. Read More>>Partnerships Plug Power to create green hydrogen JV with Olin, build a plant in Louisiana The companies plan to set up a joint venture to produce and market green hydrogen in North America. The two companies have entered a memorandum of understanding (MOU) that outlines their partnership. The pact calls for Olin to provide reliable hydrogen production and operational support. Read More>> Hindustan Zinc signs MoU with Sandvik to introduce BEVs in underground mining The company signed a Memorandum of Understanding with Sandvik AB to introduce battery-powered loaders and trucks in underground mining. Hindustan Zinc is set to introduce Sandvik’s battery electric TH550B trucks and LH518B loaders in their underground mines to reduce carbon emissions. Read More>>Mergers and Acquisition Alfa Laval acquires patented technology to strengthen its position in carbon-neutral fuel processing The company acquired patented technology from the Danish company RenCat to reform hydrogen from ammonia. RenCats patented technology generates hydrogen from ammonia in fuel cells or combustion engines. Read More>> FMN completes acquisition of Honeywell Flour Mills First Bank of Nigeria Limited holds the company after getting the necessary approvals from regulators. The acquisition was approved by the Federal Competition and Consumer Protection Commission, Nigerian Exchange Limited, and Nigeria’s Securities and Exchange Commission. Read More>>Executive Movement SunPower corporation Change in Directors or Principal Officers Bernadette Baudier resigned as a member of the Board of Directors of SunPower Corporation, a Delaware corporation, as previously announced was her intent, in connection with her retirement. According to the Affiliation Agreement, Ms. Baudier has served as a Total Energies Solar INTL SAS designee. Read More>> Mikron shareholders approve all proposals of the Board of Directors Board members Paul Zumbhl, Andreas Casutt, and Hans-Michael Hauser were re-elected for a further one-year term of office. The shareholders also elected Alexandra Bendler and Hans-Christian Schneider to the Mikron Board of Directors, also for a term of one year. Read More>> Katri Hokkanen appointed interim CFO at Valmet Ms. Katri Hokkanen has been appointed interim CFO at Valmet as of May 1, 2022. Katri Hokkanen joined Valmet in 2006 and is currently working as Vice President, Finance in Valmet’s Pulp and Energy business line. Before her current position, Katri Hokkanen led the finance operations in Valmet’s Asia Pacific Area organization. Read More>>
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