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IEA says renewables will become ‘world’s largest electricity source by end of this year’

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Renewable energy is on track to become the largest source of global electricity generation by the end of 2025, overtaking coal for the first time in modern energy history, according to new analysis from the International Energy Agency.

The projection appears in the IEA’s Renewables 2025 report, published in early October, which outlines how solar and wind power are accelerating despite policy uncertainty, supply chain pressure and downward revisions in several key markets.

The report forecasts that renewable electricity generation will grow from 9,900 TWh in 2024 to 16,200 TWh in 2030 – a 60 percent increase. [Read more…] about IEA says renewables will become ‘world’s largest electricity source by end of this year’

ABB completes purchase of Siemens Gamesa’s power electronics unit to boost renewable growth

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Acquisition strengthens ABB’s position in renewable power conversion

ABB has completed its acquisition of Gamesa Electric’s power electronics business in Spain from Siemens Gamesa, originally announced last year.

Financial terms were not disclosed. The business reported annual revenues of approximately €145 million for the fiscal year ended September 30, 2025.

The acquired portfolio includes power conversion products such as wind converters for doubly-fed induction generator (DFIG), industrial battery energy storage systems (BESS), and utility-scale solar inverters. [Read more…] about ABB completes purchase of Siemens Gamesa’s power electronics unit to boost renewable growth

Honeywell to ‘double production in three years’ at Africa’s largest refinery

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Honeywell claims it will ‘double production in three years’ at Africa’s largest refinery from 650,000 barrels per day to 1.4 million barrels per day

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell to supply advanced technology, services, proprietary catalysts and equipment to help enable the refinery to process a wider range of crude and double the production capacity at Africa’s largest refinery in Lekki, Nigeria by 2028.

Dangote will leverage Honeywell’s refining and petrochemical processing solutions, which help customers reduce production costs, improve efficiency and increase throughput, to grow its refining capacity from 650,000 barrels per day to 1.4 million barrels per day over the next three years.

With this expansion, Dangote will become the world’s largest petroleum refinery, strengthening in-continent fuel production, reducing reliance on imports and supporting local energy security needs. [Read more…] about Honeywell to ‘double production in three years’ at Africa’s largest refinery

Mitsubishi completes acquisition of AG Melco Elevator

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Mitsubishi Electric has completed the acquisition of all shares of AG Melco Elevator, an affiliated elevator company based in Dubai, United Arab Emirates, from Rawafed Almustaqbal Group, a 100 percent subsidiary of Al Ghurair Investment, making AG Melco Elevator a wholly owned subsidiary.

Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are focused on strengthening their elevator maintenance and renewal business, which is expected to see increased demand in the building systems sector, one of Mitsubishi Electric’s key growth businesses.

This agreement marks a significant milestone in the long-standing and mutually beneficial relationship between Mitsubishi Electric and Al Ghurair Investment, which has spanned over 50 years since the establishment of AG Melco Elevator in 1975. [Read more…] about Mitsubishi completes acquisition of AG Melco Elevator

Canadian engineering services company AtkinsRéalis acquires Australian engineering consultancy ADG

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Canadian engineering services company AtkinsRéalis has acquired ADG, a Brisbane, Australia-headquartered engineering consultancy known for its local expertise and agile delivery in civil, structural, and digital engineering across transport infrastructure, commercial and residential developments, and urban renewal.

This move significantly increases AtkinsRéalis’ workforce to 350 experts in Australia, and for its clients, combines responsive local teams with global expertise – broadening AtkinsRéalis’ services and increasing its capacity to deliver complex, multidisciplinary projects across the defence, energy, water, buildings and places and transportation markets.

Richard Robinson, president, AMEA of AtkinsRéalis, says: “This move is a great step forward in our growth strategy for Australia and, it will unlock new exciting opportunities for all of us. [Read more…] about Canadian engineering services company AtkinsRéalis acquires Australian engineering consultancy ADG

NGK Insulators to invest $58 million into expansion of US production site

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NGK Insulators has announced that it will invest a total of ¥8.96 billion ($56 million) in FM Industries, a subsidiary that manufactures components for semiconductor manufacturing equipment, to increase production capacity by approximately 1.2 times.

With production scheduled to begin in January 2027, FMI will establish a supply system capable of meeting the expected growth in semiconductor demand.

NGK produces ceramics for semiconductor manufacturing equipment at its Chita site (Handa City, Aichi Prefecture) and at its manufacturing subsidiary NGK Ceramic Device. [Read more…] about NGK Insulators to invest $58 million into expansion of US production site

From adaptive welding to AI painting: Automation breakthroughs transforming critical factory processes

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Welding, painting and dispensing sit at the intersection of precision, repeatability and risk. They are among the most technically demanding – and historically hazardous – processes on the factory floor.

For decades, robotics has offered incremental improvements, but a new generation of automation technologies is now reshaping these workflows at a fundamental level.

Driven by global competition, labour shortages and rising quality expectations, manufacturers in automotive, aerospace, heavy machinery, electronics and industrial fabrication are turning to smarter, more adaptable robotic systems. [Read more…] about From adaptive welding to AI painting: Automation breakthroughs transforming critical factory processes

Nvidia invests $2 billion in Synopsys as the companies expand partnership to ‘revolutionize engineering and design across industries’

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Nvidia and Synopsys have agreed a “major expansion” of their long-running technical collaboration, outlining a multiyear partnership that aims to reshape engineering workflows across semiconductor, aerospace, automotive and industrial sectors.

The agreement combines Nvidia’s accelerated computing stack with Synopsys’ engineering and simulation software to address the mounting complexity facing R&D teams.

As part of the deal, Nvidia has invested $2 billion in Synopsys common stock at a purchase price of $414.79 per share. And because Synopsys acquired Ansys for approximately $35 billion earlier this year, Nvidia will probably be a part owner of the engineering design application. [Read more…] about Nvidia invests $2 billion in Synopsys as the companies expand partnership to ‘revolutionize engineering and design across industries’

Giga Computing partners with Syrma SGS to establish server manufacturing operations in India

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Giga Computing, a specialist in high-performance computing and data center solutions, has announced a strategic partnership with Syrma SGS Technology, an Indian electronics manufacturing services provider.

Giga Computing is a subsidiary of Gigabyte Group, a Taiwanese company which has a market cap of almost $7 billion and manufactures products like motherboards, graphics cards, and laptops, and also provides server and enterprise solutions.

The collaboration between Giga Computing and Syrma SGS will establish local manufacturing of Gigabyte server products in Tamil Nadu, India, supporting the country’s “Make in India” initiative and strengthening Giga Computing’s supply chain presence in South Asia. [Read more…] about Giga Computing partners with Syrma SGS to establish server manufacturing operations in India

Tutor Intelligence raises $34 million to scale its AI-powered fleet of warehouse robot workers

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Tutor Intelligence, an AI-powered fleet of warehouse robot workers, has announced the close of its $34 million Series A led by Union Square Ventures, bringing the company’s total capital raised to $42 million.

With the new capital, the company will accelerate the commercialization of its state-of-the-art robots, scale its consumer packaged goods fleet, and advance its central robot intelligence platform and research infrastructure to power a suite of new robot form factors and capabilities.

In addition to Union Square Ventures, known for its investments in Twitter, Coinbase, Etsy, and MongoDB; Fundomo, backers of Standard Nuclear, Mercor, Etched, and Atomic Semi, also participated in the round, along with follow-on investment from Neo, which led Tutor’s seed round and has invested in Cursor and Kalshi. [Read more…] about Tutor Intelligence raises $34 million to scale its AI-powered fleet of warehouse robot workers