Congratulations to Sumitomo Electric Industries on the opening of their new HVDC subsea cable manufacturing facility at Port of Nigg, Scotland! The facility represents an important investment in the infrastructure needed to connect offshore renewable energy to consumers and strengthen energy security. We were delighted to be part of this milestone and to welcome guests… Read More
Davie announces that it has reached an agreement with EBC, which will serve as general contractor for a strategic component of the next phase of modernization of Davie’s Lévis shipyard. This agreement marks a major milestone in the shipyard’s transformation. With an estimated construction value of more than $500 million, it significantly expands the modernization… Read More
PASCAGOULA, Miss.–(BUSINESS WIRE)–Fairbanks Morse Defense (FMD) today broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce the most complex and powerful naval propulsion systems. The $60 million installation includes a $27 million U.S. Navy investment, $22 million… Read More
Rheinmetall and Swiss-based Mediterranean Shipping Company (MSC) have won the bid to take over the Mangalia shipyard in Romania. The €138m ($155m) acquisition, to be paid jointly by the two partners, is expected to be finalised in the coming weeks. The Mangalia facility, situated south of Constanța, is set to become a dual-use shipbuilding site,… Read More
One of Europe’s largest battery energy storage systems has entered the testing phase⚡ We’ve completed construction of our first large-scale battery energy storage system, which will help balance the grid and lower electricity costs. The system will make better use of renewable electricity produced in the UK, for example by storing excess power until it’s… Read More