Business

Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]

Two German energy heavyweights have completed an asset swap that will have a major impact on the global market for renewable energy. RWE and E.ON on July 1 closed a deal that had been months in the making, with RWE taking on the assets of Innogy, an E.ON subsidiary (and former RWE company), to make […]

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

While island governments are exploring marine power technologies as serious options for future resources to replace diesel, technology developers are looking at improved value through new revenue streams, such

The first biomass-fired power plant in Cuba—located adjacent to Ciro Redondo sugar mill in the central province of Ciego de Ávila—recently synchronized its two boilers to the grid. The 60-MW plant is

In the competitive power market that exists today, utilities must utilize data to optimize their assets. With proper analysis, individual units, as well as fleets of plants, can balance operating costs

The power generation sector has been challenged by trends in digitalization, growth of intermittent renewables, equipment performance improvements, new generation, and storage technologies. Digitalization is a

Power customers are demanding personalized energy solutions, forcing the industry to alter business models. The leading providers of the future will be digital, agile, efficient, and highly customer-centric

In Part I of this three-part series, which was published in the May 2020 issue of POWER and titled “Technology in Construction: Predicting and Adapting to Change,” recent trends in technology adoption

Baghdad, Iraq; 30th June, 2020: GE Gas Power successfully completed services on four 9F.03 gas turbines, two steam turbines and six generators at Iraq’s Besmaya Power Plant safely and on time, while continuing to execute wider operations and maintenance (O&M) works at the site despite the many challenges posed by the COVID-19 pandemic. These service […]