ENGIE EPS Acquisition May Create Euro-Asian Powerhouse

News: Industry Segments

2021-07-27

ENGIE EPS Acquisition May Create Euro-Asian Powerhouse

Erik Martin
Erik Martin

TAIPEI–The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalized and completed in July.

The deal, which was announced in April, saw the Italy-headquartered stationary storage and e-mobility solutions subsidiary of French multinational Engie taken over by TCC subsidiary Taiwan Cement Europe Holdings.

What both parties get out of the deal

In a press release, TCC said it has now become a “major player” in electric vehicle charging infrastructure as well as its newly acquired capabilities in building large-scale battery storage systems and microgrids.

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Tupy Developing Efficient Hydrogen Powered Engine

Fabio Ferraresi
Fabio Ferraresi

Brazilian Tupy is working with AVL and Westport Fuel Systems to develop a high efficiency ICE powered by Hydrogen, targeting long haul Trucks. Tupy supplies superior materials casting and high precision machining for high pressure injection engines designed and tested by AVL and Westport. First outcomes of the work are expected at the beginning of 2022.

Source: Automotive Business     Read The Article

PSR Analysis: With the Zero Emissions target and the need for efficient fuel that allow short time for refueling or recharging, Hydrogen looks promising. It can be either used as a source for electricity with the Fuel Cells or burned in the engine combined with other fuel or alone, as in this initiative. It is still preliminary and depending on the results, it may be the salvation for many companies in the ICE supply chain. PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research

US$ 22 Billion in Green Hydrogen Projects Planned in Brazil

From January to June, six Intention Letters to install H2V facilities have been signed by companies and the total of investment involved is around US$ 22 billion. One of the players is the Australian Fortescue, one of the six biggest producers of iron ore in the world. Companies of renewable energy such as the also Australian Energix Energy and petrochemical as British Petrol are also behind the investment plans.

Source: Valor     Read The Article

PSR Analysis: The investment is a sign of the presence of Hydrogen to power MHV and Off Highway equipment, either for ICE, solely or combined with Diesel or other fuel, or for Fuel Cells. Another step necessary for the success of Hydrogen as a fuel for MHV and Off Highway equipment in Brazil is the infrastructure for distribution; that should come along with the success of the production plants. PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research

HanseYachts Group Reports ‘Exceptional Year’

Natasa Mulahalilovic
Natasa Mulahalilovic

German boat manufacturer HanseYachts AG has announced preliminary financial results for 2020-2021 that it has described as “exceptional for the company in all respects.”

The group, established in 1990, manufactures sailing, motor yachts and luxury sailing, and motor catamarans under the brands Hanse, Dehler, Moody, Privilege, Fjord and Sealine. Boats are produced in Germany and France, and are equipped with Volvo, Yanmar and Mercury engines.

Despite the production problems caused by delays in parts supply, the group achieved record results in 2020/2021, with the order book counting more than 1,000 boats. Previously, the group’s best year was 2007/2008 when 940 boats were ordered. The revenue this year is expected to be more than € 230 million. 

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Strong Post-pandemic Growth Expected into 2022-23 for North America

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.

Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation. 

During H1 2021, we witnessed a strong level of activities and a rebound for many industries.  As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries. 

We expect this level of rebound to continue and we now expect even stronger overall growth for 2021.  The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s.  In the near term, consumer spending will help drive demand and support the strong growth trend.

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DATAPOINT: NA Excavators, 2021 Production: 19,900 Units

19,900 units is the estimate by Power Systems Research of the number of Excavators to be produced in North America in 2021.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

Market Share: With combined plant totals of 47.5% Caterpillar leads in production of excavators in North America.  In second position is Doosan Bobcat with 22%; third, is Deere-Hitachi with 14.5%.  

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2021-06-27

Renwex-2021 Fair Demonstrates Little Interest in EV Cars

Maxim Sakov
Maxim Sakov

MOSCOW–Despite the number of COVID-infected people in Moscow increasing since the middle of June, the trade shows have not been affected by the pandemic restrictions. Another fair started 21 June in Moscow Expocenter. It’s Renwex – the fair dedicated to renewable energy and electric transport.

The fair is relatively new and small. It took about 3000 sq. meters and accommodated 80 participants. Most of them were local companies, although there were some participants from Switzerland, Austria, France, Germany and China.

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GWM Opens Smart factory in Thailand, Renovates GM’s Factory

Akihiro Komuro
Akihiro Komuro

China’s Great Wall Motor (GWM) has announced the official opening of a plant in Thailand. The company acquired the plant from General Motors (GM) in 2020 and has been working to make it smarter by installing advanced AI-based equipment. It is the company’s first smart factory to be opened in Southeast Asia. The amount of investment for the renovation has not been disclosed, but the company has indicated that it plans to invest 22.6 billion baht (about 79 billion yen) in Thailand.

The production capacity is 80,000 units per year, and it is expected to produce HVs first. In the future, the plant will also produce EVs. The company plans to allocate 60% of the vehicles produced to the Thai domestic market and 40% for export to neighboring countries in Southeast Asia and Australia.

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Komatsu and Honda Plan To Jointly Develop Electric Excavator

Komatsu has announced that it plans to develop an electric excavator in cooperation with Honda and bring the product to the market during FY2021. The two companies will also jointly develop electric excavators up to the 1-ton class and will also collaborate on services such as battery replacement for construction equipment.

Source: The Nikkei

PSR Analysis: As mentioned in the April issue of PowerTALK™ News, four Japanese motorcycle manufacturers, Honda, Yamaha, Suzuki and Kawasaki, have agreed to share the same battery specifications for electric motorcycles. The joint development announced this time will benefit from Honda’s knowledge from its extensive battery research. The interchangeable type has the advantage of shortening the waiting time for recharging, which is an advantage for construction equipment. Japan’s small construction equipment is highly regarded worldwide, and Komatsu must be looking to expand overseas. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research

Rostselmash Starts Building Tractor Plant in Rostov-Don

Maxim Sakov
Maxim Sakov

Russia’s largest maker of AG machines – Rostselmash Group of Companies – in July 2021 starts construction of a tractor plant located near Rostselmash’s main production site. Rostselmash plans to invest US$ 66 million (5 Bln Rubles).

Construction must be completed within two years, and the plant will reach its annual production capacity of 3,000 units in 2023.

The plant will consist of a production building of 62,000 sq. meters, and a building for engineering and commercial departments. Total territory of new plant will reach 14 hectares. Rostselmash plans to assemble five tractor models with rigid and articulated frame.

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