POWERnews [Nov. 22, 2017]

Exelon's Digital Transformation [PODCAST]

GE and Exelon announced a multi-year agreement to deploy GE’s portfolio of Predix software solutions across the energy company’s six electric utilities to further enhance reliability and efficient service to…

GE Power Falters on Underperformance of Alstom Investment

Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments.…

More U.S. Coal Units Closing Despite Possible Market Pricing Change

U.S. utilities continue to announce closures of financially troubled and older coal-fired power plants even as government officials work on a bailout plan to keep them operating. Owners of a…

Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs

Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16…

Is Tesla Doomed?

Is high-flying Elon Musk, Tesla CEO and purveyor of electric and self-driving cars (and maybe trucks), battery storage for solar systems, private-sector space ships, and “hyper-loop” transportation, headed for a…