Siemens 10,000 New Hires, GE Vernova Norway Turbine, Invenergy and Patria Investimentos Acquire Brazilian Portfolio

Siemens Energy has announced plans to hire 10,000 new employees over the next six years as part of a $1.3 billion investment to boost its grid technologies business. GE Vernova has received approximately $30 million in funding from the Norwegian state agency Enova to build a prototype 15.5 MW offshore wind turbine. Invenergy and Patria Investimentos have jointly acquired a 600-megawatt wind power portfolio in Brazil. The U.S. Department of the Interior has announced an offshore wind energy lease sale in the Central Atlantic, scheduled for August 14, 2024. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your newsflash newsflash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at intelstor.com. Siemens energy has announced plans to hire 10, 000 new employees over the next six years as part of a 1. 3 billion investment to boost its grid technologies business. The company aims to capitalize on growing demand for electricity and grid equipment. The new hires will be spread across Europe. The US, India, and other parts of Asia and Latin America. Siemens Energy's grid technologies unit has seen orders more than double in recent years from 7. 6 billion in 2021 to 16. 3 billion in 2023. Okay, Phil. There's a lot happening on the electricity grid market besides on the renewable wind turbine solar panel side. Looks like Siemens Energy is taking advantage of that. Philip Totaro: Their thermal business is still going pretty strong. Obviously the wind business is not so strong. But this is what we call in the industry kind of a classical pivot. Which is to say if you can't sell your wind turbines, then let's figure out how to do something else in the meantime. While the wind division gets its act together. So this is something that's actually going to help facilitate future sales by ensuring that they've got more grid related technology deployed. And since there's so much grid modernization necessary around the world and just new greenfield build out of. Needed transmission, particularly to help facilitate wind. I think this eventually is, is gonna, play right into the hands of their power generation business units. Joel Saxum: Yeah. As Siemens Energy looks to do a little bit of recovery in the wind sector from this past few years, I think. Think there's a pretty good strategic play here, right? If you're them and you're talking to some large grid operator or a utility, and it looks like they're going to, he's have some BOP money to spend and build a new wind farm. Well, why not package it all up? Let's sell them wind farm, let's sell them BOP, grid integration and grid technology kit as well. So these two things could play together. This is also on the heels of one of their biggest competitors, Schneider electric being, being named the most sustainable company in their sector in the world. Allen Hall: GE Vernova has received approximately 30 million in funding from the Norwegian state agency Innova to build a 15. 5 megawatt offshore wind turbine. The turbine will be installed on land at the Bergland based in Norway and tested for up to five years starting in 2025. After testing,