May 5 (Reuters) – The French government rejected General Electric’s current bid for Alstom’s energy assets on Monday, but opened the door for a deal that would also combine the two companies’ rail businesses.
Read more at: http://www.reuters.com/article/2014/05/05/alstom-offer-idUSL6N0NR3QZ20140505
Areva has hailed its molten salt energy storage demonstration plant as a success after kicking off operations in Albuquerque, New Mexico.
The scheme (pictured), which has been installed at Sandia National Laboratories’ National Solar Thermal Test Facility, is designed for use with the company’s Compact Linear Fresnel Reflector technology.
Read more at: http://renews.biz/66028/areva-storage-demo-worth-its-salt/
While nuclear power isn’t the public’s first choice of energy, it does hold the most promise for quickly and drastically reducing the world’s carbon dioxide emissions from fossil fuel energy sources. The good news is that there is no shortage of innovative technologies being developed, from thorium-fueled reactors in Europe to waster-fueled designs created byGeneral Electric Company. Even billionaires such as Bill Gates and start-ups are getting in on the action.
Read more at: http://www.fool.com/investing/general/2014/05/04/russias-plans-for-floating-nuclear-power-may-surpr.aspx
Jakarta (ANTARA News) – The Indonesian government is preparing a scenario to anticipate soaring fuel subsidies, Deputy Finance Minister Anny Ratnawati said.
“Everything (alternatives) is being prepared, including whether to curtail budget at ministries and government agencies. We will choose the alternative that is the most visible,” she said here on Friday.
Read more at: http://www.antaranews.com/en/news/93862/indonesian-govt-preparing-scenario-to-anticipate-soaring-fuel-subsidy
French engineering company Alstom is considering a $16.9bn (£10bn) offer from US firm General Electric (GE) for its energy business.
Read more at: http://www.bbc.com/news/business-27217339
This deal is far more accretive to GE than Siemans ( SI , quote ). GE has been stalking Alstom for years. Jeff Immelt was intense in his pursuit back in 2009. Siemens only playing defense in their bid as they compete in Europe with GE daily on power.
Read more at: http://www.nasdaq.com/article/ge-alstom-deal-continues-to-run-into-politics-cm348167#ixzz30HrAjlua
PARIS (Reuters) – France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany’s Siemens over U.S. giant General Electric.
President Francois Hollande held talks with GE boss Jeff Immelt on Monday morning and sat down later with Siemens CEO Joe Kaeser to discuss the fate of Alstom, the maker of the country’s prestigious TGV high-speed trains and turbines for power plants.
Read more at: https://ca.finance.yahoo.com/news/french-president-ge-boss-meet-over-alstoms-future-071905949–sector.html
Singapore. Puma Energy, a global oil company, said it was looking to boost its business in Indonesia, capitalizing on the country’s accelerating economic growth.
The oil company said it aimed to build new oil terminals in Balikpapan, East Kalimantan. The plan is rolled out on top of the company’s recent acquisition of Medco Sarana Kalibaru (MSK), the fuel storage and distribution unit of Medco Energy Internasional — Indonesia’s largest listed oil and gas company.
Read more at: http://www.thejakartaglobe.com/business/puma-energy-looks-capitalize-indonesias-economic-growth/
KNOXVILLE, Tenn.: Energy Secretary Moniz praises Oak Ridge projects – Technology – MiamiHerald.com.
France on Friday vowed to protect engineering jewel Alstom from a rumoured takeover bid by US giant General Electric, amid a policy switch to get flagging French businesses back on track.
Read more at: http://www.globalpost.com/dispatch/news/afp/140425/france-says-it-works-outwit-ge-bid-alstom-energy
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