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ABB Acquires Gamesa Electric’s Power Electronics Business

ABB has completed its acquisition of Gamesa Electric’s power electronics business. With global renewable electricity generation projected to reach 43 percent by 2030, the deal places ABB in a strong position to tap into rising demand, modernisation needs, and new service opportunities across solar and wind sectors.

Power Electronics Technologies | December 11, 2025 | By News Bureau | 1155

US Solar and Storage Manufacturing Sees Remarkable Growth, Says SEIA Report

SEIA's updated dashboard reveals a USD 40.2 billion investment surge in US solar and storage manufacturing, driven by federal policies. The growth brings job creation, facility expansion, and enhanced production capacity for sustainable industry progress.

Power Electronics Technologies | February 05, 2025 | By EI News Network | 1436

Mitsubishi Electric Group and AISIN to Establish Joint Venture for Next-Gen EVs

Mitsubishi Electric Corp., Mitsubishi Electric Mobility Corp. and AISIN Corp. have decided to establish a joint venture (JV) company to handle products for next-generation electric vehicles (EVs).

Power Electronics Technologies | May 29, 2024 | By Aishwarya | 1716