Archive: Business

GE Gains Vattenfall’s Backing for Massive 12-MW Offshore Wind Turbine

Swedish utility Vattenfall will take up deployment of the massive 12-MW Haliade-X offshore wind turbine in Europe, marking a major milestone for GE Renewable Energy’s effort to boost sales of the largest turbine currently on the market.  The two companies agreed to cooperate after a year of “intensive exchanges during which Vattenfall conducted an in-depth […]

[UPDATED] EPA Sets Schedules for Long List of Power Plant Regulatory Actions 

The U.S. Environmental Protection Agency (EPA) will act on a spate of power plant rules over the next year, its newly released agenda of regulatory and deregulatory actions shows. The May 23-released “Spring 2019 Agenda of Regulatory and Deregulatory Actions” lists 35 new actions, along with 57 actions that it considers “deregulatory.” The list includes new […]

Sempra, Saudi Aramco Have 20-Year Deal for LNG

Saudi Arabian Oil Co., better known as Saudi Aramco, on May 22 signed a 20-year agreement to buy liquefied natural gas (LNG) from a Texas export terminal being developed by California-based Sempra Energy. The two companies confirmed the deal is a sale-and-purchase agreement for 5 million tonnes per annum (MTPA) of LNG, which is equal […]

Xcel Sets Closure of Minnesota Coal Plants

Xcel Energy on May 20 announced it would close its two remaining coal plants in Minnesota over the next decade, and the utility said it also wants to operate its Monticello nuclear plant in the state until at least 2040. Xcel, which is headquartered in Minneapolis, Minnesota, and serves electricity and natural gas customers in […]

The POWER Interview: CleanSpark’s Bryan Huber Talks Microgrids, C&I Installations

Commercial and industrial (C&I) sites increasingly are looking for ways to increase the reliability and resiliency of their power supply, along with controlling their energy costs. These C&I projects include distribution centers, data centers, office parks, hospitals, college campuses, and also military bases. CleanSpark, a San Diego, California–based technology company which specializes in the optimized […]

GE Is Banking on Africa’s Burgeoning Power Market

Sub-Saharan Africa’s power generation capacity is projected to surge 4% annually through 2040, and its current energy mix—which is today dominated by hydro and coal—will likely be more diversified as interest rises in renewables such as solar and wind, General Electric (GE) said in a white paper surveying market opportunities in the region that it […]

Dispute Flares About Equipment at Abandoned V.C. Summer Nuclear Project

The fight about who owns equipment at the now-abandoned V.C. Summer 2 and 3 AP1000 reactors in South Carolina intensified on May 14, as key stakeholder Santee Cooper sued lead contractor Westinghouse for certification documentation related to that equipment.  The lawsuit filed with the U.S. District Court for the District of South Carolina, Charleston Division, […]

Industrial Gas Turbine Demand Grows [PODCAST]

When it comes to gas turbines, size matters. Although the market for large, heavy-duty gas turbines has been challenging in recent years, demand for industrial gas turbines—generally units with output ranging from about 5 MW to 100 MW—has been growing, according to Reed Lengel, product line manager for SCC-800 solutions with Siemens Energy. “When you […]

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GE Tops MHPS, Siemens in 1Q Turbine Orders

General Electric, Siemens, and Mitsubishi Hitachi Power Systems confirmed their gas turbine sales for the year’s first quarter, with GE taking the top spot with six orders for its advanced HA-class unit. The three companies on May 14 confirmed the numbers to Reuters. GE, which had no sales in the same period a year ago, […]

Insights Into Siemens’ Stunning Gas and Power, Renewables Shakeup

In the days following its May 7 announcement that it will spin off its Gas and Power business, Siemens has fleshed out how and when the carveout will occur, laid out its reasons for lumping its energy businesses together, and put forth a market case for why a business separation may be a “win-win” situation […]