INNIO Announces Future Collaboration With B.Grimm Power to Explore New Thailand Power Plant Projects
INNIO announced today that it has signed a Memorandum of Understanding (MoU) with B.Grimm Power to collaborate on building new power plant projects in Thailand. B.Grimm has a long and successful history as a trailblazer in Thailand’s private power generation industry. The MoU lays out the framework for a collaboration of the two companies to build projects in the period 2022 to 2024 within the liquified natural gas (LNG) and natural gas segment. Within the MoU, INNIO and B.Grimm will explore the development of decentralized and highly efficient power plants. The two companies will focus on jointly developing the LNG and natural gas segment in Thailand with the possibility of future projects.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220804005413/en/
Dr. Olaf Berlien, President and CEO of INNIO, and Dr. Harald Link, Chairman of the Board of B.Grimm (Photo: Business Wire)
Across Southeast Asia, Thailand serves as one of the most dynamic countries where secure and reliable energy supply has and continues to play a central role in supporting strong gross domestic product development and welfare for the people. In particular, B.Grimm Power (B.Grimm’s subsidiary) currently delivers more than 2.8 GW of power to Thailand, supporting strong economic growth and available power supply for the Thai economy and its people.
“INNIO is pleased to enter into this collaboration with B.Grimm to explore power generation options to secure a stable and reliable power supply in Thailand,” said Dr. Olaf Berlien, president and CEO of INNIO. “Our flexible power plant solutions and Ready for Hydrogen technology coupled with B.Grimm Power’s presence in the country offers Thailand both the expertise and scale to support its aim to reduce carbon emissions under the COP 26 commitment of the United Nations and to transition to net zero.”
“As Thailand has increased its climate change commitments, we are now aiming to reduce carbon emissions with the support of companies that can provide proven expertise in highly efficient green technology, such as INNIO,” said Dr. Harald Link, Chairman of the Board of B.Grimm. “As Thailand’s electrical energy demand continues to grow, it will require power generation technologies that run not only on natural gas, but also on future fuels such as hydrogen and deliver sustainable grid support as well for the higher share of fluctuating renewable power like sun and wind in our portfolio.”
About INNIO
INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.
INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 3,500 experts provides life-cycle support to the more than 54,000 delivered engines globally through a service network in more than 80 countries.
INNIO’s ESG Risk Rating places it number one of more than 500 worldwide companies in the machinery industry assessed by Sustainalytics.
For more information, visit INNIO’s website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005413/en/
Contact information
Susanne Reichelt
INNIO
+43 664 80833 2382
susanne.reichelt@innio.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Cyclic Materials Secures USD $75M Series C Funding to Fast-Track Local and Resilient Rare Earths Supply at Global Scale23.1.2026 14:00:00 EET | Press release
Cyclic Materials today announced it has closed an over-subscribed USD $75 million Series C equity round, its largest to date, scaling up operations across the US and Europe and accelerating Canada-based research and development footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260123519008/en/ Cyclic Materials’ Mesa, Arizona site, the very first scale-up of a commercial plant for recycling and local production of rare earths in the US, with a focus on heavy and light rare earth magnets. The recycling of magnet-containing end-of-life (EOL) scrap and magnet production waste is the fastest way to the production of magnet rare earth elements (REEs) in Western countries, and it can provide unique access to heavy rare earth elements, which are much less commonly available through mining deposits in the Western world. Positioned as both a diversified source of supply and a circular solution that interrupts waste streams, Cy
SLB Announces Fourth-Quarter and Full-Year 2025 Results, Increases Dividend and Commits to Return More Than $4 Billion to Shareholders in 202623.1.2026 13:50:00 EET | Press release
SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260121043645/en/ The exterior of the SLB headquarters in Houston, Texas. Fourth-Quarter Results (Stated in millions, except per share amounts)Three Months EndedChangeDec. 31, 2025Sept. 30, 2025Dec. 31, 2024SequentialYear-on-yearRevenue $9,745 $8,928 $9,284 9% 5% Income before taxes - GAAP basis $943 $1,000 $1,387 -6% -32% Income before taxes margin - GAAP basis 9.7% 11.2% 14.9% -153 bps -526 bps Net income attributable to SLB - GAAP basis $824 $739 $1,095 12% -25% Diluted EPS - GAAP basis $0.55 $0.50 $0.77 10% -29% Adjusted EBITDA* $2,331 $2,061 $2,382 13% -2% Adjusted EBITDA margin* 23.9% 23.1% 25.7% 83 bps -175 bps Pretax segment operating income* $1,807 $1,626 $1,918 11% -6% Pretax segment operating margin* 18.5% 18.2% 20.7% 33 bps -211 bps Net income attributable to SLB, excluding charges & cr
“And I Chose to Live” The Blind Sailor Mitsuhiro Iwamoto Takes the Stage at WEF23.1.2026 10:00:00 EET | Press release
Mitsuhiro Iwamoto, a blind Japanese sailor based in San Diego, delivered a speech at the World Economic Forum Annual Meeting 2026 on January 21 (local time). He is undertaking the world’s first solo, non-stop trans-Pacific crossing by a blind person as part of the “Blind Sailor Single-Handed Pacific Crossing Project 2027.” WEF URL: https://www.weforum.org/ This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260121469502/en/ Hiro Iwamoto / Global Keynote Speaker, First Totally Blind Sailor to Cross the Pacific In the spring of 2027, he will attempt a solo, non-stop trans-Pacific crossing, sailing a 28-foot yacht single-handedly from San Diego on the U.S. West Coast to Amakusa, Kumamoto Prefecture, Japan, without making any port calls. Project URL: https://hiros-choice.com/ The theme of his speech was “Sailing Through Barriers.” He spoke about how, since losing his sight at the age of 13, he has consistently chosen challenge as his
Tinaba with Banca Profilo Strengthens Its Global Positioning and Launches Digital Payments in the Chinese Mainland with Alipay+23.1.2026 03:41:00 EET | Press release
Tinaba with Banca Profilo announces the launch of digital payments in the Chinese mainland through the extension of its strategic partnership with Alipay+, Ant International’s global wallet gateway solution, bringing a simple, cashless and local payment experience to Italian travellers in the world’s largest digital market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260122062969/en/ Matteo Arpe, President of Tinaba with Banca Profilo, announces the expanded partnership with Alipay+ in Milan, Italy Starting today, users can pay in the Chinese mainland at over 80 million merchants simply by scanning a QR code directly from the Tinaba App. This innovation is particularly significant in a country where digital payments are the everyday standard and cash is increasingly less used. The service is available directly within the Tinaba App through the “Pay Worldwide with Alipay+” feature, which enables payments in euros with tran
iQmetrix Announces First-Ever "Telecom Retail Summit" at MWC Barcelona 202622.1.2026 20:48:00 EET | Press release
iQmetrix, the only global provider of Interconnected Commerce solutions for telecom retail, today announced its return to Mobile World Congress (MWC) Barcelona with the first-ever Telecom Retail Summit. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260122446809/en/ As the industry converges for MWC Barcelona 2026, iQmetrix prepares to host the first-ever Telecom Retail Summit, transforming the conversation from network intelligence to the intelligent storefront. The exclusive half-day summit designed to spark an overdue conversation: telecom sells the most advanced technology on earth, yet delivers one of the least inspiring retail experiences in modern commerce. Bringing together telecom industry leaders, futurists, and retail innovators, the Telecom Retail Summit challenges the industry to rethink the role of the store and redefine how customer experience, technology, and operations come together in the Store of the Futur
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom