Siemens eyes 46 billion euros in green sales
It said revenue from environment portfolio was around 28 billion euros in its fiscal year to Sept 30, 2010 compared with slightly less than 27 billion euros the year before.
A bellwether of the euro zone's largest economy, Siemens has achieved earlier than planned its original target of generating green revenue of at least 25 billion euros in 2011.
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Aging U.S. power grid threatens progress on renewables, EVs
WASHINGTON - After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That’s raising hopes for the fight against climate change.
All this progress, however, could be derailed without a massive overhaul of America’s antiquated electric infrastructure – a task some industry experts say requires more than $2 trillion. The current network of transmission wires, substations and transformers is decaying with age and underinvestment, a condition highlighted by catastrophic failures during increasingly frequent and severe weather events.
Power outages over the last six years have more than doubled in number…
