1,432 press releases in English indexed under industrial.
Lockheed Martin (NYSE: LMT) today announced plans to create 6,000 jobs across the United States including 2,000 in Texas, as the company expands...
Robbins LLP is investigating allegations that FuelCell Energy, Inc. (FCEL) misled investors regarding its manufacturing capacity.
Strong order backlog: New orders for liquefied gas carriers, ammonia fuel supply systems, floating LNG infrastructure, biogas liquefaction and emissions recovery reflect strong demand for NGS technologies and drive total order backlog to a record high of EUR 880 million. Surging demand driven by converging industry trends, including rising global energy demand, a global focus on securing reliable energy supply and the continued focus on long-term decarbonization, energy transition and efficiency. Clear visibility on 2026 and 2027 performance: Management of NGS expects revenues of over EUR 575 million and adjusted EBITDA of approximately EUR 50 million for the full year 2026 and is confident of achieving double-digit annual revenue growth and a double-digit adjusted EBITDA margin in the full year 2027. Standalone operations and profitability: Developing strategic initiatives across the NGS’s three business areas, together with harnessing the significant growth potential in the aftermarket business serving each business area, and implementing improvements in operational efficiency, have been key priorities since the acquisition by Mutares. Strategic exit alternatives under evaluation: Mutares is evaluating potential strategic exit alternatives for NGS together with its financial advisors, including a potential public listing in the Nordics. MUNICH, GERMANY - October 14, 2026 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”) announces that its portfolio company Nord Gas Solutions (“NGS”), a leading independent specialist in gas handling, fuel supply, regasification and liquefaction systems, has experienced surging demand for its gas solutions, including through new project awards, since its acquisition by Mutares. NGS was formed from the Wärtsilä Gas Solutions business and is headquartered in Asker, Norway, with around 500 employees and nine locations worldwide. NGS is a global technology leader in gas solutions, providing gas and energy technologies to international shipyards, gas producers, energy infrastructure developers and industrial customers. Its main operational centers are located in Norway, Sweden and Poland. Peter Wagner, CEO of NGS, comments: “Since becoming an independent company, we have materially grown our order backlog, which now stands at EUR 880 million. Our customers are investing in new gas infrastructure, and we are well positioned to deliver on our targets for 2026 and 2027.” The growth of NGS is underpinned by three converging megatrends. Global energy demand is rising rapidly, driven in part by the expansion of AI and data-center capacity, and is driving a new investment cycle in LNG and gas infrastructure, shipping and regasification. At the same time, heightened geopolitical tension has sharpened the focus on securing reliable and diversified energy supply, increasing demand for energy security and fast-to-deploy solutions such as floating infrastructure. Finally, the continued focus on long-term decarbonization, energy transition and efficiency is creating demand for lower-emission gas solutions. Together, these trends are driving demand for NGS technologies across the gas value chain. NGS: Strong progress in operational development In the first nine months of 2026, NGS generated revenues of approximately EUR 459 million (PY: EUR 283 million) and adjusted EBITDA[1] of EUR 43 million (PY: EUR 20 million). As of 30 September 2026, NGS holds total assets of EUR 493 million, including a very strong cash position of EUR 194 million, a reported net cash position[2] of EUR 84 million and has no financial indebtedness. Total annual revenues of NGS for the 2026 financial year are expected to exceed EUR 575 million, generating an adjusted EBITDA of approximately EUR 50 million. Since the acquisition, Mutares has worked with the management of NGS to initiate and successfully implement targeted measures to strengthen NGS’s operational performance and strategic positioning. These measures reinforce its strong market position across the gas solutions value chain and support the expansion of aftermarket and service revenues. Improved sales and project execution support commercial effectiveness and operational efficiency, driving margin development. NGS: Strong order backlog NGS’s position is reflected in its fixed order backlog, which stood at EUR 880 million as of 30 September 2026, alongside an additional pipeline of potential projects amounting to EUR 1.8 billion. NGS’s core marine business area remains a substantial part of the order book, while midstream infrastructure is growing rapidly. In marine, NGS was awarded a contract in August 2026 to supply cargo-handling and LPG fuel-supply systems for eight new liquefied gas carriers for BW LPG, each with a capacity of 90,000 m³. The vessels will be built at HD Hyundai, further strengthening the longstanding cooperation with the shipbuilding group and BW LPG. A further order, signed in June 2026, covers corresponding systems for two liquefied gas carriers for Byzantine Maritime, each with a capacity of 40,000 m³, with delivery scheduled for April 2027. For the full year 2027, the management of NGS is confident of achieving a year-on-year double-digit revenue increase alongside a double-digit adjusted EBITDA margin, given that approximately 92% of planned 2027 revenue is already covered by NGS’s fixed order backlog as of 30 September 2026. The business of NGS is also on track to achieve its mid-term targets of over EUR 800 million in annual revenue and an adjusted EBITDA of over EUR 100 million. NGS: Growth opportunities from midstream infrastructure and services business areas Midstream infrastructure is a key growth engine for NGS, led by floating storage and regasification unit (“FSRU”) projects, where project scope is increasing and customers are moving towards full conversion scope. NGS is supplying the regasification module for Excelerate Energy’s conversion of the LNG carrier “Methane Patricia Camila” into an FSRU, with delivery planned for the first half of 2028, and has received an additional order from Exmar for a regasification system for a conversion project related to the expansion of the EemsEnergyTerminal in the Netherlands. These projects reflect NGS’s established position in international LNG import infrastructure, and the use cases for its midstream technology are broadening. For the Texas GulfLink project in the United States, NGS is supplying volatile organic compound (VOC) recovery systems for two specially designed offshore support vessels, which capture emissions during crude oil loading and allow the recovered substances to be reused. In ammonia cracking, NGS and Höegh Evi have completed the first phase of performance testing of a pilot plant that converts ammonia into hydrogen, achieving a hydrogen purity of more than 99.5%. Alongside this, NGS is placing a strong focus on its high-margin services and aftermarket business, where management sees substantial potential. With an installed base of more than 1,600 systems worldwide, NGS is well placed to grow recurring revenues from field services, maintenance, spare parts, retrofits and digital services. Strategic alternatives Mutares is evaluating potential strategic exit alternatives for NGS, including a potential public listing in the Nordics in the coming months. No final decision has been made, and there can be no assurance that or at what point in time any transaction will occur. Mutares has strong confidence in NGS's prospects and, in the event of a potential public listing, expects to remain a significant shareholder, subject to customary lock-up arrangements. Company profile of Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.com),is a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Tokyo, Vienna and Warsaw, that acquires companies in transition that show significant potential for operational improvement and are resold after stabilization and repositioning. Mutares pursues a sustainable minimum dividend policy. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and are included in the SDAX selection index. Disclaimer This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. No decision has been made, and there can be no assurance that or at what point in time any transaction will occur. This announcement contains forward-looking statements based on current expectations and assumptions of the management of NGS and Mutares, which are subject to known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that may or may not occur in the future, whether or not outside the control of the relevant company. Accordingly, forward-looking statements are not guarantees of future performance and the development of the relevant company’s prospects, growth, strategies, industry and the effect of acquisitions may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if the development of the relevant company’s prospects, growth, strategies and industry are consistent with the forward-looking statements contained in this announcement, those developments may not be indicative of the relevant company’s results, liquidity or financial position or of results or developments in subsequent periods not covered by this announcement. Forward-looking statements should therefore not be relied upon as predictions of future events. Actual results may differ materially from those expressed or implied. Neither NGS nor Mutares undertake any obligation to update forward-looking statements. For more information, please contact: Mutares SE & Co. KGaA Investor Relations Phone: +49 89 9292 7760 Email: ir@mutares.de www.mutares.com Press Contact in Germany CROSS ALLIANCE communication GmbH Susan Hoffmeister Phone: +49 89 125 09 0333 Email: sh@crossalliance.de www.crossalliance.de Press Contact in France VAE SOLIS COMMUNICATIONS Marie-Caroline Garnier Phone: +33 6 22 86 39 17 Email: mutares@vae-solis.com Press Contact in the UK and the US 14:46 Consulting Tom Sutton Phone: +44 7796 474940 Email: tsutton@1446.co.uk [1] Adjusted EBITDA - Adjusted EBITDA is operating profit before depreciation, amortization and impairment, adjusted for items affecting comparability, such as carve-out, restructuring and transaction-related costs and other one-off items (including one-off bonuses). It is an alternative performance measure and is not defined by IFRS. [2] Reported net cash is defined as cash and cash equivalents, plus contract assets and receivables from group companies, less borrowings and contract liabilities.
The recognition includes 11 finalist placements spanning manufacturing, distribution, AI innovation, customer experience, and individual achievement The recognition includes 11 finalist placements spanning manufacturing, distribution, AI innovation, customer experience, and individual achievement
Following rapid expansion of its customer pipeline and growing market demand, the Earthshot Prize winner is advancing manufacturing and preparing its first commercial Solid-State Generator for deployment in 2027. LOVELAND, Colo., Oct. 14, 2026 -- ATS Energy, developer of...
Industrial energy costs more than three times as much in the United Kingdom as in Saudi Arabia, the dearest and the cheapest of 33 economies, according to the Industry Economics & Competitiveness 2025 Annual Review, published today by Intratec Solutions.
NVIDIA today announced semiconductor leaders are adopting NVIDIA CUDA-X™ libraries — including the new NVIDIA cuPotential library, which developers can use to build AI agents that simulate how atoms and molecules interact — to advance AI-defined fabs.
- - • The companies will collaborate to transition industrial facilities that use fossil fuel-based cogeneration systems to lower-carbon, more competitive energy models - • ​​​The collaboration will drive the development of renewable gases, from the conversion of biogas plants to biomethane to the production of e-fuels through the utilization of biogenic CO 2 ​ - • ​​​​​​Through “Moeve decarbonize”, the company is expanding... Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=362831
In the news release, Caterpillar Inc. Maintains Dividend, issued 14-Oct-2026 by Caterpillar Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end: Caterpillar Inc. Maintains Dividend...
Actions expected to generate annualized incremental pre-tax savings of over $18.0 million at full run rate reached during fiscal 2028
OpenWorld, Inc. ("OpenWorld" or the "Company") (NASDAQ: OPNW), an innovation company advancing global real-world asset ("RWA") tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $[1] billion to fund the purchase and deployment of a distributed AI computing network powered by solar energy and Tesla Powerwall battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance, coordinate and monitor the network. Key Highlights Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Tesla Powerwall batteries, solar panels and AI computing equipment serve as collateral within the structure. Exclusive Tesla Powerwall inventory: Meridian holds exclusive rights to a reserved inventory of Tesla Powerwall systems that qualified for federal clean-energy tax credits before those credits were discontinued. [The inventory covers more than 160,000 Powerwalls, enough to support approximately 80,000 homes.] Initial deployment of 10,000 homes: [GPU-equipped computers at participating homes, with larger installations at local schools, hospitals and commercial campuses.] AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers. Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power. Timeline: Test installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027. Builds on the BeyondAI transaction: Follows last week's proposed transaction with BeyondAI, which would transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform. Solving the Power Problem in AI Infrastructure Access to power is a growing constraint on AI infrastructure. New data centers face lengthy grid interconnection timelines, local opposition and significant water demands. The planned network of home-hosted, distributed AI inference computing would place GPU-equipped computers at participating homes and larger installations at local schools, hospitals and commercial campuses, each powered by on-site solar generation and Tesla Powerwall storage. AI providers would pay to use this computing capacity for inference, the process of running trained AI models, without requiring new centralized data-center sites, additional grid connections or water-based cooling. Participating homeowners would receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts would receive a share of site revenue and backup power. How the Program Works Meridian, a privately held Delaware limited liability company, specializes in optimizing tax credits for Tesla Powerwall systems and holds exclusive rights to a reserved inventory of Powerwall systems that qualified for federal clean-energy tax credits before those credits were discontinued. [The inventory covers more than 160,000 Powerwalls, enough to support installations at approximately 80,000 homes. The program’s initial deployment is planned for 10,000 homes.] Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the financing program. OpenWorld will establish and administer the tokenized financing structure on its OpenWorld Enterprise platform. The financing would support Meridian’s purchase and deployment of Tesla Powerwall batteries and associated AI computing equipment, as well as the purchase by OpenWorld or a subsidiary of solar panels, all of which would serve as collateral within the structure. OpenWorld is also developing an integrated system to power and operate each installation. The OpenWorld Enterprise platform will coordinate computing workloads across the network, monitor equipment performance and provide investors with reporting on the underlying assets. The program is intended to supply computing capacity to one or more leading AI inference providers. Test installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027. Management Commentary “Access to power is becoming the major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and Tesla Powerwall storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.” “Meridian’s rights to a large inventory of tax-qualified Tesla Powerwall systems provide the critical foundation for this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment and manage the network, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.” If a transaction is consummated, Mr. Raffaelli is expected to join OpenWorld’s board of directors. Certain officers and directors of OpenWorld hold interests in Meridian; additional information regarding these relationships is included in the Company’s Current Report on Form 8-K. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expected,” “would,” “will,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These include statements about the proposed engagement, the size, timing and structure of the financing program, the Distributed Inference Program, anticipated offtake arrangements and tax credit treatment. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include failure to execute definitive agreements, market conditions, regulatory developments affecting tokenized securities, tax law changes and the risks described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.” OpenWorld undertakes no obligation to update these statements except as required by law. Tesla and Powerwall are trademarks of Tesla, Inc. Tesla, Inc. is not a party to the term sheet described in this release. No Offer or Solicitation This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About OpenWorld OpenWorld, Inc. (NASDAQ: OPNW) is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $66 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly and Founders Fund. OpenWorld’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring and public markets strategy, with active engagements across the United States, Gulf, Europe, Southeast Asia and Africa. To learn more, visit openworld.dev and follow OpenWorld on X at [@_openworld]. About Meridian Meridian is a privately held Delaware limited liability company that specializes in optimizing federal clean-energy tax credits for Tesla Powerwall systems and holds exclusive rights to a reserved inventory of tax-credit-qualified Powerwall systems. Contacts Investors ir@openworld.dev Media Gasthalter & Co. Phone: (212) 257-4170 Email: openworld@gasthalter.com