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GE Vernova launches public offering of senior notes
Businesswire· 2026-02-02 13:45
Core Viewpoint - GE Vernova has announced a registered public offering of senior notes, with proceeds intended for general corporate purposes, including financing the acquisition of the remaining 50% stake in Prolec GE, expected to close on February 2, 2026 [1]. Group 1: Offering Details - The offering is subject to market and other conditions, and the notes will be managed by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as joint book-running managers [2]. - The offering is made pursuant to an effective shelf registration statement, which includes a prospectus and related preliminary prospectus supplement [2]. Group 2: Company Overview - GE Vernova Inc. is a global energy company focused on Power, Wind, and Electrification segments, with a mission to lead the energy transition while decarbonizing the world [6]. - The company has over 130 years of experience and operates with approximately 75,000 employees across around 100 countries, emphasizing the importance of delivering affordable, reliable, sustainable, and secure energy [6].
Resolute Holdings Enhances Board of Directors with the Appointment of Two Additional Independent Directors
Globenewswire· 2025-07-14 12:30
Core Insights - Resolute Holdings Management, Inc. has appointed Wayne M. Hewett and Timothy O. Mahoney as independent directors to its Board of Directors, enhancing its leadership team [1][2] Group 1: Board Appointments - Wayne M. Hewett brings extensive experience from his roles at Home Depot, Wells Fargo, and UPS, along with leadership positions at Cambrex Corporation and Quotient Sciences [3] - Timothy O. Mahoney has a strong background in aerospace and defense, having held senior roles at Honeywell and Sikorsky Aircraft, contributing significant operational expertise [4] Group 2: Leadership Statements - David Cote, Executive Chairman, expressed confidence that the new board members will contribute to long-term value creation for Resolute Holdings and its shareholders [2] - Tom Knott, CEO, highlighted the significant experience and capabilities that Hewett and Mahoney bring to the Board, indicating a focus on scaling the platform [5] Group 3: Company Overview - Resolute Holdings is an alternative asset management platform that provides management services, including capital allocation strategy and operational practices, primarily for CompoSecure Holdings [6]
Digital Power Utilities Industry Report 2025, Featuring Microsoft, Siemens, General Electric, Accenture, IBM & More - Global Market to Grow from $111 Billion in 2025 to $230 Billion by 2029
Globenewswire· 2025-03-21 12:40
Core Insights - The digital power utility market is projected to grow from $92.43 billion in 2024 to $110.98 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.1% [2][14] - By 2029, the market size is expected to reach $230.16 billion, maintaining a CAGR of 20% during the forecast period [6][14] - Key drivers for this growth include increasing industrialization, urbanization, and the rising demand for renewable energy sources [6][8] Market Characteristics - The report covers market characteristics, size, growth, segmentation, regional breakdowns, competitive landscape, market shares, trends, and strategies [3] - North America was the largest region in the digital power utility market in 2024, while Asia-Pacific is anticipated to be the fastest-growing region in the forecast period [3] Major Trends - Significant trends include the digitalization of power plants, technological advancements, and increased demand for renewable energy solutions [7] - The European Commission reported that renewable energy consumption in the EU rose to 23% in 2022, up from 21.9% in 2021, indicating a growing focus on renewable energy [8] Key Companies - Major companies in the digital power utility market include Microsoft Corporation, Siemens AG, General Electric Company, Accenture PLC, and IBM [4][18] - Companies are developing innovative solutions like GridOS to enhance electricity grid security and operations [9][10] Report Scope - The report includes market segmentation by type (hardware and software services), sector (power generation, transmission and distribution, energy storage, energy trading), and organization size [11] - It covers various countries and regions, including Australia, Brazil, China, and the USA, with a time series of five years historic and ten years forecast [11]