Business

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 […]

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 […]

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 […]

HOUSTON, May 16, 2018 — American Electric Technologies, Inc., a leading provider of power delivery solutions for the global energy industry, announced today that its M&I Electric business has been awarded a $5M project award for a complete power and control system for a new dredge vessel for a leading US Gulf Coast dredging company. […]

Siemens has received its first order from Panama for six SGT-800 gas turbines. The industrial gas turbines, along with a steam turbine, will provide approximately 440 megawatts of electrical power as part of a flexible combined cycle power plant. This could cover the power demand of approximately 1.9 million residents of Panama. Siemens’ customer is […]

CAYCE, S.C. (May 9, 2018) — South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corp. (NYSE: SCG), announced today that it has completed its purchase of the Columbia Energy Center, a natural-gas-fired power plant in Gaston, S.C. (Calhoun County), from LS Power for approximately $180 million. SCE&G included the purchase of the 540-megawatt combined cycle gas […]

ST. AUGUSTINE, Fla. (May 9, 2018) — NTE Energy (NTE) announced that its next power plant will be the approximately 1,000-MW natural gas-fired Anderson County Energy Center located in Anderson County, South Carolina. This state-of-the-art electric generation facility will represent an investment of more than $1 billion in South Carolina, and will feature some of […]

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 […]

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 […]

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 […]