FRANKFURT German engineering group Siemens is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources.
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Duke Energy Corp said it shut down a North Carolina natural gas plant due to flooding as the deluge of water continued in the aftermath of Hurricane Florence, which has killed more than 40 people. | Video
General Electric Co said on Friday that turbine blade oxidation which forced Exelon Corp to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE's ailing power unit.
SAN JUAN A year after Hurricane Maria ripped through Puerto Rico with 150 mile-per-hour (241 kph) winds, government officials on Thursday announced that about $1.5 billion in federal funds aimed primarily at rebuilding housing will start flowing to the island. | Video
FRANKFURT German utility RWE would lose as much as 5 billion euros ($5.9 billion) if it cannot continue mining lignite by removing the last bit of an ancient forest in Germany, its chief executive told public broadcaster ZDF.
General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an "oxidation issue" and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower. | Video