The capital goods suppliers have shown intentions to considerably change their strategy in the forthcoming future. The largest equipment manufacturer BHEL has focused on solar PV and Li batteries manufacturing. It has started finding new markets in the field of e-mobility, EV-charging, energy storage, transportation, and Defence sectors. GE India and others are also bidding for the FGD/ NOx reduction solutions, while also focusing on plant integration to include smooth renewable energy production intermittently. Similarly, Siemens India is focusing on driving the energy transition and fighting the impact of global warming with green hydrogen. Hydrogen has become centre stage in strategy of many capital goods suppliers.
a) http://www.bhel.com/financial_information/pdf/19-20/Anual_report_2019-20.pdf
b) https://energy.economictimes.indiatimes.com/news/power/bhel-may-sell-offer-manufacturing-units-to-global-players/75550450
c) https://www.saurenergy.com/solar-energy-news/bhel-seeking-pre-bid-tie-ups-for-50-mw-bess-under-secis-solar-plus-storage-tender
d) http://investors.larsentoubro.com/upload/AnnualRep/FY2020AnnualRepL&T%20Annual%20Report%202019-20.pdf
e) https://energy.economictimes.indiatimes.com/news/power/let-hydrocarbon-engineering-signs-pact-with-ntpc-for-co2-to-methanol-plants/77649687
f) https://www.moneycontrol.com/news/india/lt-delivers-critical-nuclear-power-plant-equipment-to-global-customers-during-lockdown-5321911.html
g) https://www.ge.com/sites/default/files/GE_AR19_AnnualReport.pdf
h) https://www.ge.com/in/sites/www.ge.com.in/files/Annual%20Report%20of%20the%20Company%20for%20the%20Financial%20Year%202019-20.pdf
i) https://www.bbc.com/news/business-54242055
j) https://www.siemens-energy.com/global/en.html
k) https://www.greentechmedia.com/articles/read/4-takeaways-as-siemens-lifts-lid-on-its-energy-future
l) https://www.thehindu.com/business/siemens-arm-not-to-support-new-coal-units/article33069349.ece
m) https://www.bseindia.com/bseplus/AnnualReport/533148/5331480320.pdf
n) https://www.toshiba.co.jp/about/ir/en/pr/pdf/tpr2020q2e_2.pdf
o) https://www.toshiba-energy.com/en/info/file/IRDay_HatazawaP_ENG_.pdf
p) https://energy.economictimes.indiatimes.com/news/coal/japans-toshiba-retreats-from-coal-fired-power-stations/79167414
q) https://www.thermaxglobal.com/wp-content/uploads/2020/07/Annual-Report-2019-20.pdf
r) https://www.financialexpress.com/industry/thermax-looks-to-focus-on-clean-energy-water-and-air/2137545/
s) https://www.financialexpress.com/industry/bgr-energy-looks-at-adjacent-business-as-thermal-power-sector-faces-hurdles/2062104/
t) https://www.thehindu.com/business/bgr-energy-eyes-water-infra-as-thermal-falters/article32416875.ece
u) https://www.thehindubusinessline.com/companies/mukesh-ambani-preps-up-for-a-multi-billion-dollar-play-in-renewables/article32268913.ece?homepage=true
v) https://www.livemint.com/companies/news/ril-now-eyes-smart-electricity-meter-business-11602570157205.html
w) https://www.thehindubusinessline.com/companies/reliance-industries-to-invest-50-mn-in-us-based-breakthrough-energy-ventures/article33086949.ece?homepage=true
The Gulf Stream, a vital ocean current, is slowing due to climate change, posing risks of severe global impacts, including harsh winters in North America and disrupted monsoons in Asia. If it stops, consequences could be irreversible. Urgent action to reduce emissions and protect vulnerable ecosystems is essential to mitigate this threat.
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