Archive: Business

The Middletown Energy Center in Middletown, Ohio, was inaugurated May 21, 2018. The natural gas-fired facility is among several projects either online or being developed by Florida-based NTE Energy. Courtesy: NTE Energy

NTE Opens Gas-Fired Middletown Plant in Ohio

NTE Energy on May 21 inaugurated the new Middletown Energy Center in Middletown, Ohio, the latest in a series of natural gas-fired power plants the Florida-based company is developing in Ohio, Texas, and North and South Carolina. NTE touts the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the […]

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Dominion Invests in GE-Hitachi Nuclear Development of 300-MW SMR

Dominion Energy will provide seed money to further work of GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300, a 300-MWe small modular reactor design (SMR). Dominion has “no plan at this time to build one at any of its commercial nuclear stations,” but the funding could help bring the SMR design closer to commercialization, GEH said in […]

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A new method for corrosion prevention

Corrosion monitoring, control and prevention is an ongoing battle in today’s power plants. Two of the strongest indicators of how well that battle is being waged is to monitor the corrosive salts of chloride and sulfate.

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Cash-Starved Southern Sells Florida Assets to NextEra

NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

TVA wind turbines on Buffalo Mountain in East Tennessee Source: TVA

Wind Power Faces a Post-PTC ‘Valley of Death’

Wind power capacity in the U.S., whose explosive growth has tripled since 2008—even overtaking hydropower to become the nation’s largest source of renewable electricity—could face a period of stagnation once the production tax credit (PTC) is phased out in 2021. Analysts at WINDPOWER 2018 in Chicago last week called the period between 2021 and 2026 […]

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DOE Lays Out How Power Sector Could Win the Cybersecurity Battle

Cybersecurity threats are outpacing the energy sector’s “best defenses,” and costs of preventing and responding to cyber incidents are straining company efforts to protect critical infrastructure, the Department of Energy (DOE) warned as it released a comprehensive five-year cybersecurity strategy for the industry. The Multiyear Plan for Energy Sector Cybersecurity, dated March 2018 but which […]

The Siemens SGT-800 industrial gas turbine combines a reliable robust design with high efficiency and low emissions.

GE Sets Sights on MHPS and Siemens Customers

Drawing on decades of gas turbine experience, GE’s Power Services business announced on May 16 that it is expanding its cross-fleet service offerings to a broader portion of the F-class market, including Siemens’ SGT6-5000F and SGT-800 models, and Mitsubishi Hitachi Power Systems’ (MHPS’s) 501F technology. “GE is proven as one of the technology leaders and […]

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GE Will Take on Alstom Stakes in Energy Joint Ventures for $3.2B

GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago. Alstom and GE on May 4 signed an agreement that essentially sets out a plan for Alstom to exercise put options on JVs it formed with GE pertaining to their renewables […]

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Gas-Fired Generation Will Top 2018 Capacity Additions

The U.S. Energy Information Administration’s (EIA’s) latest report on the nation’s power generation inventory expects 32 GW of new capacity will enter commercial service this year, the most in at least at decade. And for the first time in five years, renewable energy sources will not make up the majority of that new generation. Nearly […]

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Siemens Plans Temporary Shutdown of Power & Gas Division

Siemens, one of the world’s largest turbine manufacturers, said it plans to temporarily shut its Power & Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as […]

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MHPS Tops GE, Siemens in Gas Turbine Market

A report from Barclays Plc said Mitsubishi Hitachi Power Systems (MHPS) received more than half of all global orders for gas-fueled turbines in the first quarter of 2018, the company’s best-ever performance in a market that has seen traditional gas turbine manufacturers struggle in recent months. The market report from the London, UK-based multinational investment […]