Market News
Recent Developments
Key Development
- In July 2023, Vortex Bladeless, a Spanish energy company, is in the process of creating an innovative wind power generation technology that operates without traditional components like blades, gears, or shafts. This breakthrough opens up a fresh urban prospect for harnessing wind energy.
- In November 2020, Green Energy Solutions, is a private company with a wide range of activities in the field of thermotechnics, renewable energy and energy efficiency. introduced its small wind turbines called Zephyr for residential setups. The product is optimized for low wind speeds.
Key Initiatives Strategies
- Turbo tech And Erlson Precision Components: In August 2023, Turbo tech has recently acquired PIC and Erlson Precision Components a specialist manufacturer of highly engineered components, This acquisition Erlson has already shown their commitment to invest in PIC and Turbotech, with ongoing refurbishment projects well in progress.
- Vitol and Vortex Energy: In 2022, Vitol Completes acquisition with Vortex Energy Vitol is set to commence the construction of more than 120 MW of photovoltaic solar and onshore wind projects within the coming year. Their ambitious plan includes deploying $1 billion of capital over the next five years into renewable energy projects in Poland.
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