HRSG

EQS-News: Mutares has successfully completed the acquisition of a majority stake in Sofinter Group

Retrieved on: 
Friday, May 3, 2024
Sale, Engineering & Technology, SDAX, EUR, Plant, Aermacchi, Frankfurt Stock Exchange, O&M, Supervisory board, HRSG, Acquisition, Waste, HQ, Regulated market, Holding company, EPC, Adiabatic flame temperature, MUX

Significant synergies expected with other Mutares portfolio companies in the segment Engineering & Technology, including NEM Energy Group

Key Points: 
  • Significant synergies expected with other Mutares portfolio companies in the segment Engineering & Technology, including NEM Energy Group
    Munich, April 23, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of a majority stake in Sofinter Group.
  • The acquisition further strengthens the Engineering & Technology segment of Mutares.
  • Sofinter is a leading player specialized in designing and manufacturing of steam generators for different markets.
  • The aim is to exploit new market opportunities leveraging on Sofinter skills and quality highly recognized and appreciated in the market.

Technip Energies and GE Vernova Advance the UK’s Transition to Net-Zero with one of the World’s First Commercial Scale Gas-Fired Power and Carbon Capture Projects

Retrieved on: 
Friday, March 15, 2024
Carbon, Electricity, NZT, CCA, Natural gas, Shell, Letter, Heat recovery steam generator, Carbon capture, Consortium, HRSG, CO2, Technip Energies, Energy, BP, CCUS, General Electric, Government, State, Power, Renewable energy

This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.

Key Points: 
  • This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.
  • The Technip Energies and GE Vernova consortium, supported by leading infrastructure group Balfour Beatty, will play an important role constructing a highly efficient combined cycle plant.
  • Technip Energies , GE Vernova , and Balfour Beatty , supported by Shell in the UK are forming the Carbon Capture Alliance (CCA).
  • It’s a significant milestone in delivering the critical infrastructure needed to transition the UK to Net Zero.

EQS-News: Ninth acquisition in 2023: Mutares has submitted an irrevocable proposal for a majority investment in Sofinter (currently participated by Gammon Group)

Retrieved on: 
Tuesday, October 17, 2023
EPC, Plant, Aermacchi, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Acquisition, Regulated market, Frankfurt Stock Exchange, O&M, EUR, MUX, Itea, Supervisory board, HQ, CIO, Sale, HRSG, ISIN, Timeline of heat engine technology, Waste, NEM, Fine chemical, Mutares

Munich, October 12, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has submitted an irrevocable proposal, indirectly through a controlled acquisition vehicle incorporated under the laws of Italy, to invest in Sofinter Group by way of acquisition of a large majority stake.

Key Points: 
  • Munich, October 12, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has submitted an irrevocable proposal, indirectly through a controlled acquisition vehicle incorporated under the laws of Italy, to invest in Sofinter Group by way of acquisition of a large majority stake.
  • Sofinter is a leading player specialized in designing and manufacturing of steam generators for different markets to further strengthen the Engineering & Technology segment.
  • The closing of the transaction is expected before the end of 2023 and is subject to the final approval by the lending banks.
  • The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights.

HRSG Launches Quinto to Disrupt the Job Description Software Market

Retrieved on: 
Wednesday, October 11, 2023
Fortune 500, Organization, HR, AI, HRSG, Luigi, Government, Management, Quinto

OTTAWA, ON, Oct. 11, 2023 /PRNewswire/ - HRSG, a global leader in talent management that helps organizations drive performance, today announced the official launch of Quinto , the most advanced job description software yet.

Key Points: 
  • OTTAWA, ON, Oct. 11, 2023 /PRNewswire/ - HRSG, a global leader in talent management that helps organizations drive performance, today announced the official launch of Quinto , the most advanced job description software yet.
  • HRSG launched Quinto to help HR professionals use technology to accelerate the time-intensive process of constructing competency and skill frameworks, and building detailed, clear, and unbiased job descriptions.
  • Quinto offers innovative features to streamline job description processes, enhance efficiency, and help people leaders at all levels drive success.
  • Key benefits of Quinto's job description software include:
    Access to thousands of integrated resources: Access to unparalleled job description content, including over 1,600 AI-powered job descriptions, 14,000 skills, and 170 multi-level competencies developed by qualified experts.

DGAP-News: Mutares SE & Co. KGaA: Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.

Retrieved on: 
Monday, June 20, 2022
Transfer, HRSG, Heat transfer, ISIN, Regulated market, NEM, Power, Saskatchewan River Sturgeon Management Board, Mutares, CIO, Efficiency, Supervisory board, Technology, HQ, Frankfurt Stock Exchange, Engineering & Technology, Engineering, CO2, EUR, Acquisition, Timeline of heat engine technology, MUX, Machine

Mutares SE & Co. KGaA: Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.

Key Points: 
  • Mutares SE & Co. KGaA: Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.
  • Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.
    New platform investment which before joining Siemens Energy operated under the NEM Energy brand in Zoeterwoude, the Netherlands
    Munich / Amsterdam, 20June 2022 Mutares SE & Co KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Heat Transfer Technology from Siemens Energy B.V.
  • With the acquisition of Heat Transfer Technology we are strengthening our Engineering & Technology segment and expect significant synergy effects with the business of our subsidiary Balcke-Drr.
  • The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

Global Heat Recovery Steam Generators Market to Reach $921.4 Billion by 2025

Retrieved on: 
Monday, March 28, 2022
Heat recovery steam generator, CAGR, Players, Combined cycle power plant, Coal, Marketing, Falls, Government, CHP, Steam, Siemens, Internet, Forecasting, Research, Plant, General Electric Company, Public utility, Commercial, Intelligence, Carbon, Textile, Technology, GIA, COVID-19, Ageing, Power, SAN, Efficiency, HRSG, Water, Renewable energy, Others

SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Heat Recovery Steam Generators - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Heat Recovery Steam Generators - Global Market Trajectory & Analytics" .
  • Preview Registry
    Heat Recovery Steam Generator (HRSG) is primarily an energy recovery heat exchanger that is responsible for recovering heat through a hot gas stream, including waste gas stream or combustion turbine.
  • Amid the COVID-19 crisis, the global market for Heat Recovery Steam Generator market is projected to reach US$921.4 Million by 2025, registering a compounded annual growth rate (CAGR) of 3.6% over the analysis period.
  • Europe represents the largest regional market for Heat Recovery Steam Generator, accounting for an estimated 37.4% share of the global total.

WorldatWork Deepens Engagement in Africa with New Nigerian Partner

Retrieved on: 
Wednesday, February 2, 2022
Leadership, Remuneration, WorldatWork, Caesars Entertainment (2020), Australian Financial Services Licence, Research, The CEO Show with Robert Reiss, Doctor of Philosophy, Partnership, Center, GRP, CCP, HR, Human, Mastermind, Education, SME Toolkit, Association, FCMI, Compensation, Management, Solution, HRSG

"We are excited to be in place to serve the emerging Total Rewards movement in Africa's largest economy," said WorldatWork CEO Scott Cawood, Ed.D, CCP, GRP.

Key Points: 
  • "We are excited to be in place to serve the emerging Total Rewards movement in Africa's largest economy," said WorldatWork CEO Scott Cawood, Ed.D, CCP, GRP.
  • "With MasterMind HRSG Consulting, we've selected a top-tier partner who understands the unique needs and key players in the country's benefits and compensation field.
  • "We are proud to partner with WorldatWork to expand these ideas and practices across the continent from the thriving hub of Nigeria.
  • WorldatWork is the leading global nonprofit organization for professionals engaged in the critically important practice of Compensation and Rewards.

Baker Hughes to Provide CO2 Compression Equipment for Santos Moomba Carbon Capture & Storage Project in Australia

Retrieved on: 
Thursday, December 16, 2021
Other Manufacturing, Environment, Engineering, Other Energy, Chemicals, Plastics, Oil, Gas, Manufacturing, Alternative Energy, Energy, Carbon, Solution, Turbomachinery, History, Carbon dioxide, Baker Hughes, MCL, CCS, Körber Process Solutions, Hughes, Moomba, NASDAQ, BCL, Transport, Natural gas, HRSG, CO2, Technology, Coal, Renewable energy

Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a contract with Santos , a leading natural gas producer in Australia, to supply turbomachinery equipment for the Moomba Carbon Capture and Storage (CCS) project (Moomba CCS).

Key Points: 
  • Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a contract with Santos , a leading natural gas producer in Australia, to supply turbomachinery equipment for the Moomba Carbon Capture and Storage (CCS) project (Moomba CCS).
  • Baker Hughes will provide gas turbine, compressor and heat recovery steam generator (HRSG) technologies to compress the carbon dioxide (CO2).
  • The contract follows a 35+ year history of Baker Hughes providing technology and services to Santos for its operations, including turbomachinery and offshore equipment and services.
  • Moomba CCS further progresses the companies relationship as Santos evolves its own operations across the energy transition and leverages Baker Hughes comprehensive portfolio of carbon capture, utilization, and storage (CCUS) solutions .

Groome Industrial Service Group Earns Endorsement from Siemens for Patented KinetiClean Technology

Retrieved on: 
Tuesday, December 7, 2021
Environment, Technology, Safety, Siemens Energy, Petrochemical, CEO, Partnership, Movement, Maintenance, Work, Partner, Acquisition, HRSG, South Brooklyn Marine Terminal, Oil

FAIRFIELD, N.J., Dec. 7, 2021 /PRNewswire/ -- The KinetiClean technology and system offered by Groome Industrial Service Group has received the endorsement of the multinational corporation Siemens Energy.

Key Points: 
  • FAIRFIELD, N.J., Dec. 7, 2021 /PRNewswire/ -- The KinetiClean technology and system offered by Groome Industrial Service Group has received the endorsement of the multinational corporation Siemens Energy.
  • Groome Industrial is a "Preferred Partner" of Siemens for HRSG maintenance.
  • Groome, a provider of specialty maintenance services across a range of industries, offers the KinetiClean solution to the gas turbine and petrochemical and refining markets.
  • For more than 50 years, Groome Industrial Service Group has provided specialty maintenance services nationwide for industrial markets including Gas Turbine Generation , Waste-to-Energy , Coal Utilities , Petrochemical & Refinery , Heavy Industry , Aviation , and Marine Terminals .

Groome Industrial Service Introduces Patented KinetiClean Gas Turbine HRSG Tube Cleaning

Retrieved on: 
Tuesday, October 19, 2021
Paper, Acquisition, Industrial, Expro, Tata Business Support Services, Kinetic, Door, CEO, HRSG, Bause, Electrical and Mechanical Services Department, Safety, Oil

KinetiClean is recognized as the method that provides the deepest cleaning effect on gas turbine HRSG boiler and fin tubes via a proven Kinetic Shockwave cleaning method.

Key Points: 
  • KinetiClean is recognized as the method that provides the deepest cleaning effect on gas turbine HRSG boiler and fin tubes via a proven Kinetic Shockwave cleaning method.
  • ExPro brings a long track record of safety and success in industrial and HRSG cleaning to Groome Industrial.
  • Jeff Bause, CEO of Groome, explained, "We are excited to combine these two great niche businesses in the power generation space.Together they will create cross-selling opportunities, in particular with KinetiClean for gas turbine HRSG tube cleaning.
  • Groome Industrial will host an upcoming webinar on the KinetiClean technology:
    For more than 50 years, Groome Industrial Service Group has provided specialty maintenance services nationwide for industrial markets including HRSG Maintenance Services , Refinery Maintenance Service , Surface Preparations & Coatings Services , Industrial Cleaning & Support Services , and Door & Mechanical Services .