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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:07 EDTEMREmerson awarded contract for control technologies at Nevada solar project
Emerson Process Management, a global business of Emerson, has been awarded a contract to apply its Ovation expert control system at the Crescent Dunes Solar Energy Project near Tonopah, Nev. When it comes online at the end of 2013, this 110-megawatt concentrated solar power project will be the first commercial-scale solar facility in the United States to generate power from solar energy that is captured and stored in liquid molten salt. The project, which is being developed by Tonopah Solar Energy, an affiliate of SolarReserve, is expected to produce enough clean, renewable electricity to power more than 75,000 homes during peak electricity demand, and will be executed by Cobra Thermosolar Plants as engineering, procurement and construction contractor. Cobra Thermosolar Plants awarded the contract to Emerson.
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June 11, 2013
10:02 EDTEMREmerson awarded $67M in valve technologies contracts
Emerson has been awarded contracts by Chevron Australia that are valued at $67M to provide control valves and valve actuators to help ensure the efficient and safe flow of natural gas at the Gorgon Project, one of the world’s largest natural gas projects. Emerson Process Management is providing the majority of the control and shutdown valves for the project. Specifically, the contracts include more than 1,000 control valves, actuators, and valve controllers from Emerson.

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