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FoxRES gets IDA approval for plans to revive Siemens test facility

Summary by Ground News
A startup company of former Dresser-Rand chief Vincent Volpe will use the former Siemens Energy test facility in North Olean to test newly designed propellers to retrofit gas compressors. FoxRES, LLC has already hired about 10 people including John Stahley, who was an executive for both dresser-rand and Siemens. The new company expects to begin testing its new propellers later this year.

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Olean Times Herald broke the news in Olean, United States on Wednesday, June 21, 2023.
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