Siemens Energy $ENR (-2.8%) and Rolls-Royce $RR. (-1.2%) cooperate
The energy technology group Siemens Energy has concluded an agreement with the British industrial group Rolls-Royce for the development of so-called "mini-nuclear power plants". The aim of this agreement is for Siemens Energy to become the sole supplier for the non-nuclear part of the British manufacturer's planned modular nuclear power plants, known as "Turbine Island", the company announced on Friday. This area includes steam turbines, generators and other auxiliary systems. A final contract with all the details is to be signed by the end of 2025.
Intel $INTC (-1.35%) delays plant launch in the USA
After the plant in Magdeburg, the chip giant Intel is also postponing the start of a huge factory in the US state of Ohio. Production was originally due to start this year, but has now been delayed by up to three years. Intel plans to complete the first part of the plant by 2030, with production starting in the same year or 2031. The second part is scheduled to deliver the first chips in 2032.
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