e-Power Technology

Siemens to Sell Innomotics Motor & Drive Biz for €3.5 Billion to KPS 

Siemens is planning to sell off its Innomotics motor and drive business unit for €3.5 billion to investment portfolio company KPS Capital Partners. The move follows creation of Innomotics, carved out as a discrete business unit in 2022, and preparations by Siemens in late 2023 to roll it out as a public company, but in a change of plans now has agreed to the sale to KPS. The transaction is expected to close in 2025. […]

e-Power Technology

Ingeteam Generators, Motors & Power Systems Enable Electrification Efforts on a Broad Scale 

Few companies in the industrial sector have embraced the concept of electrification on a worldwide scale as prodigiously as electrical equipment maker Ingeteam of northern Spain. Addressing multiple technologies to support propulsion, wind and solar energy, and hydrogen power, its products are increasingly spanning the globe. […]

e-Power Technology

New Magnetic Materials Developed by Proterial for Motor Cores and Shielding 

Proterial, formerly known as Hitachi Metals, has recently developed two magnetic materials that bring new capabilities to product design engineers – one is a laminated bonded amorphous alloy ribbon for motor cores in high-efficiency motors, the other a highly heat-resistant magnetic shielding sheet for electronic devices. […]

e-Power Technology

Candela’s e-Power Hydrofoil Shuttle Takes to the Waterways of Sweden 

Powered by two specially designed permanent-magnet motors and drive that operate underwater, a new commercial e-hydrofoil will soon be taking to the waters offshore Stockholm to ferry 30 people at a time at record-breaking speed and tranquility. A recent maiden voyage, aptly called a flight, saw the craft hitting its airborne take-off speed of 16 knots and quickly reaching its designed top speed of 30 knots within 16 seconds. […]