This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
Pope Francis held a closed door meeting at the Academy of Sciences with the CEOs of oil firms and investment firms to address climate change, with a group committing to support an “economically meaningful” carbon price.
A recent article in Bloomberg View illustrates clearly the mythology and misinformation that abounds regarding renewable energy, which in many cases is spread by the media.
The U.S. cell manufacturer announced a partnership with Italian manufacturer Coveme to accelerate the development and commercialization of Natcore’s latest cell innovation.
The Swiss power electronics firm will end manufacturing operations at the U.S. site, shifting an undisclosed number of jobs to Estonia and Italy later this year. Some sales and service staff will be retained in Phoenix.
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