GE is pursuing a fresh legal case against Siemens Gamesa alleging a patent infringement, the latest in a series of actions between the two turbine manufacturers.
The US company has lodged a claim with the UK Patents Court arguing infringement by the German-Spanish outfit.
The case, which was first filed on 29 December, involves offshore turbines.
“GE filed suit against Siemens Gamesa Renewable Energy Limited in the High Court of Justice of England and Wales raising claims of patent infringement, said GE. The infringement action involves the UK part of EP 1 590 567 and certain offshore wind turbines. GE will not comment further on pending litigation.”
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GE Sues Siemens UK Unit Over Wind Farm Patent
Law360, London (January 22, 2021, 5:34 PM GMT) General Electric has sued the U.K. renewable power arm of Siemens, claiming the German industrial giant is infringing its patent for a technology used in offshore wind turbines in the latest legal tangle between the conglomerates.
The High Court claim filed by General Electric against Siemens is the English counterpart to proceedings it has launched in Germany. (AP Photo/Richard Drew)
The High Court patent claim filed by General Electric Co. against Siemens Gamesa Renewable Energy Ltd. is the English counterpart to infringement proceedings the U.S. giant launched against its competitor in Germany.
How Markets Are Moving With Biden as President, From Green to Defense Stocks
Bloomberg 1/21/2021
Markets are loving Joe Biden’s turn as America’s president.
The S&P 500 Index on Wednesday posted its best first-day reaction to a presidential inauguration since at least 1937 with a 1.4% jump on prospects of an around $2 trillion in stimulus spending. Global stocks, meanwhile, hit fresh all-time highs.
Biden’s formal transition into the White House has cemented investors’ faith in companies allied to his policies, while those that don’t meet his priorities are losing out. Stocks tied to clean energy rose, continuing gains they have made since Biden won the election. Defense equipment makers and prison operators sectors that did well under Donald Trump dropped.