Azure Power inks deal with First Solar for 600 MW of High-Performance Modules

Key Insights and Signals in Industrial

Center setup and Expansion
Alstom opens new engineering and innovation center in Portugal  
Located in Maia, the new site is part of the company’s expansion strategy in the country. The new facilities include signaling labs, engineering offices, a warehouse, and a component repair area. Read More>>
Alstom to supply 17 additional Coradia Stream EMUs to Romania 
The Romanian Railway Reform Authority (ARF) has signed an addendum to an initial contract with Alstom to deliver 17 additional Coradia Stream inter-regional EMUs and associated maintenance services. Read More>>
First Solar signs supply deal with Azure Power  
The company has agreed to supply six hundred megawatts of high-performance, advanced thin-film photovoltaic solar modules to India-based renewable energy company Azure Power Global Ltd. The solar PV modules will be manufactured at First Solar’s new manufacturing facility in Tamil Nadu, India. Read More>>
Vestas receives 104 MW order in Spain 
The order has been placed by renewable energy producer Estudios y Proyectos Pradamap, SLU (Grupo Vapat). The contract includes the supply and installation of 23 V150-4.5 MW wind turbines and a 10-year Active Output Management (AOM 4000) service agreement. Read More>>
Mergers and Acquisition
Eurotech acquires InoNet Computer GmbH 
The addition of InoNet is intended to give Eurotech relevance, critical mass, and access to the German market. Both InoNet and Eurotech focus on critical applications and high-value-added solutions. In addition to this affinity, the two companies have a strong complementarity of products, markets, and channels. Read More>>
Alfa Laval has acquired BunkerMetric  
The acquisition is part of Alfa Laval’s strategy to expand its digital marine service offering. It will be part of the recently acquired StormGeo, a global leader in weather intelligence software and decision support services. Read More>>
Waterfall Security announces cybersecurity partnership with Alstom 
The collaboration will focus on securing safety-critical and reliability-critical operations networks for railways and public transport. This partnership is an important response to the growing digitalization and connectivity in metros and railways. Read More>>
Rosatom and China Energy Engineering Group join hands for the construction of a hydrogen plant in Sakhalin 
The two companies have signed a Memorandum of Understanding that lays the foundation for further cooperation on the pilot project of constructing a hydrogen plant on the island of Sakhalin and sets the main conditions for new export supplies of hydrogen from Russia to China. Read More>>
Executive Movement
Mehdi Sahel appointed as General Manager of Alstom Morocco 
Mehdi Sahel will be responsible for implementing the Alstom in Motion (AiM) strategy, expanding business operations, and overseeing business and operational performance. Mehdi comes to Alstom with more than two decades of experience in the region and in Europe, including project management and business development. Read More>>
Schneider Electric names Tina Hu as the new VP of global supply chain and CX Pacific  
She replaces Segaran Narayanan, who was in the role for seven years before being appointed as CEO of Tamco, a Schneider Electric company in Malaysia. Hu will lead Schneider’s global supply chain and customer experience division in the Pacific region, including logistics and manufacturing plants. Read More>>
Financial and Market Activity
Pentair announces quarterly cash dividend 
The company announced that it would pay a regular quarterly cash dividend of USD 0.21 per share on November 4, 2022, to shareholders of record at the close of business on October 21, 2022. It also marks 2022 as the 46th consecutive year that Pentair has increased its dividend. Read More>>
Methode Electronics updates FY 2023 earnings guidance  
The company provided earnings per share (EPS) guidance of USD 2.70 – USD 3.10 for the period, compared to the consensus estimate of USD 2.82. Furthermore, the company issued revenue guidance of USD 1.16 Bn – USD 1.21 Bn, compared to the consensus revenue estimate of USD 1.18 Bn. Read More>>
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Latest Industry Insights from Draup Braindesk


Funding Alert

OneLayer secures a USD 6.5 Mn investment from Koch Industries 
About: KDT’s investment will address the growing demand for OneLayer’s Security Platform in multiple verticals, enhance the company’s cyber lab capabilities, expand the company’s commercial reach through its global ecosystem and channel partners, and fuel the company’s overall sales and marketing efforts. Read more>>

Startup Spotlight

Company – Gravity Sketch
Total Funding  USD 41.84 Mn
About: Gravity Sketch is a London-based startup transforming 3D creation and collaboration. They collaborate with creatives across multiple industries, including transportation, industrial design, product design, and concept art, to deliver transformative solutions to their creative workflow needs. Read more>>

Latest Reports Published in Draup

WestRock Company Account Intelligence Report
WestRock Company focuses on developing recyclable paperboard packaging solutions throughout restaurant chains in Canada to ensure high standards and reduce waste from restaurant chains. Read More>>
Cummins Inc. Account Intelligence Report
Cummins is keen on developing hydrogen emission services that improve green hydrogen and electrolyzer systems like natural gas, advanced diesel, electrified solutions, hydrogen fuel cells, and other technologies. Read More>>
WESCO International, Inc. Account Intelligence Report
WESCO International, Inc. focuses on Industrial Automation products in North America and Europe to offer its industrial electrical, communication, and connectivity product lines through distribution networks. Read More>>
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