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

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. […]

e-Power Technology

AAM Creates Versatile Electrification Platform for Auto & Truck Manufacturers with Configurable Motors, EDUs & e-Beam Technology 

Tier-1 automotive supplier American Axle & Manufacturing (AAM) has built a versatile, configurable platform for auto and truck manufacturers to employ in electrifying their model lineups. The electric drive units incorporate permanent-magnet or induction motors with power up to 800V and can be fully integrated with the company’s e-Beam Axles. AAM’s 3-in-1 e-Drive technology features an integrated motor, inverter and gearbox into a single assembly for advantages in packaging, performance and simplified integration.  […]

e-Power Technology

Curtiss-Wright Applies Canned Motor Technology to Offshore Oilfield for Petrobas 

While advancements in electrification often conjure up visions of electric vehicles, they also take place in many industrial applications as electromechanical systems increasingly replace hydraulic power. A fresh example is electrification of legacy hydraulic apparatus in the offshore oilfields of Brazil. Curtiss-Wright announced in February that is has signed a technology cooperation agreement with Petroleo Brasileiro, known as Petrobas, to design, manufacture, test and provide operational support for a Subsea Canned Motor Boosting System, to be deployed mudline at a Petrobras production field in the Campos Basin. […]

e-Power Technology

Korean Steelmaker POSCO Establishes ‘China Excluded’ Supply Chain for Rare Earth Magnets in Big Expansion for EV Drivetrain Components 

Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]