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In 2022, Hyundai announced it was investing $ 5.5 billion to build a “Metaplant” manufacturing electric vehicles and batteries in Bryan County, Georgia. It promised more than 3,500 good-paying jobs first building the massive manufacturing facility, then making electric vehicles that cut consumer bills by providing cheaper transportation choices. “This is the largest..
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During the 2016 U.S. presidential campaign, then-candidate Donald J. Trump took an extremely tough stance on bringing back jobs lost to foreign countries by incentivizing domestic manufacturing. Trump took a […]
The post Gauging the Impact of Trump 2.0 on U.S. Energy and Jobs appeared first on POWER Magazine.
SolarEdge Technologies said it would lay off about 400 workers, including 200 in its home country of Israel, as the company tries to become more financially stable. SolarEdge on July […]
The post Struggling SolarEdge Technologies Will Cut 400 Jobs appeared first on POWER Magazine.
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about […]
The post Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit appeared first on POWER Magazine.
Electric vehicles and jobs Electric vehicles have the ability to reduce emissions when compared to traditional vehicles. The efficiency of an electric car is 80% compared to an internal combustion car of 20%. And, as Brazil's power matrix is basically renewable (85% water, wind and sun), the result is great! However, opposing positions are already emerging. The..
Energy Central…
Vestas occupies the top spot when it comes to market share among global wind turbine manufacturers, according to a new analysis, but the Danish business is not immune to the challenges facing several of the leading companies in the wind power sector.
Supply chain issues are buffeting wind energy, as they have other industries. Though Vestas Wind Systems A/S continues as the leading manufacturer of wind turbines, according to a GlobalData report released March 22, the company also this month announced it plans to cut at least 275 jobs, including 75 in Denmark, in what it termed a “highly volatile environment” for the sector. A Vestas spokesperson in a statement said the group wants to balance “2022 priorities and long-term growth” for the company, with the job cuts part of “adjusting our activities and organizational setup.”
It’s the latest round of job cuts for the wind energy giant. A POWER analysis of Vestas’ announcements found the company has jettisoned nearly 2,000 jobs from its manufacturing facilities in Denmark, the UK, Germany, and Colorado since September 2019.…