Archive: General

New Jersey’s First Offshore Wind Farm Will Be a Mammoth 1.1-GW Ørsted Project

Danish renewables firm Ørsted’s 1.1-GW Ocean Wind project is the winner of New Jersey’s first award for offshore wind, the New Jersey Board of Public Utilities (NJBPU) said on June 21.  Ørsted, with support from Public Service Enterprise Group’s (PSEG’s) non-utility affiliate, vied for the award with two other offshore wind developers that submitted bids […]

The POWER Podcast

The POWER Podcast Archive: Future May Not Be as Rosy as It Seems for Natural Gas Interview with Tom Baker, a partner and managing director in Boston Consulting Group’s (BCG’s) San Francisco office, and Alex Dewar, senior manager with the Center for Energy Impact in BCG’s Washington, D.C., office. https://www.powermag.com/future-may-not-be-as-rosy-as-it-seems-for-natural-gas-podcast/ Power Company Business Models Are Evolving […]

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 […]

Pitfalls and Promises: Power Sector Decarbonization

Decarbonization is becoming firmly entrenched in utility business strategies to address risks and opportunities posed by climate change. But setting out a sound plan amid so many uncertainties poses a number

Trump Acts on Critical Infrastructure Resiliency Against EMP Threats

President Trump has signed an executive order (EO) to boost coordination for and national resilience against electromagnetic pulse (EMP) threats—both from nuclear warfare and natural events like solar superstorms. The action suggests new federal mandates to protect critical infrastructure against EMP events and attacks may be on the horizon.  Senior Trump administration officials from the National Security […]

National Engineers Week: Engineering for the Power World 

This week (Feb. 17–23) is National Engineers Week. “EWeek” as the National Society of Professional Engineers calls it, is a formal coalition of more than 70 engineering, education, and cultural societies, and more than 50 corporations, and government agencies. Its key goal: raising public awareness of engineers’ positive contributions to quality of life.  Over the […]

POWER Interview: The Future of Power Sector Engineering Amid Market Disruptions

Danish engineering, design, and consultancy firm Ramboll Group in December  entered into an agreement to acquire U.S-based engineering and design consultancy OBG. Founded in 1945, OBG has delivered integrated engineering solutions within water, energy, environment and advanced manufacturing, and today, the company says it has extensive client relationships in both the private and public sectors, […]

THE BIG PICTURE: World’s Biggest Power Companies

In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]

THE BIG PICTURE: Power Around the World

The International Energy Agency forecasts that based on current and proposed policies, global power generation will grow about 15,000 TWh (about 60%) from 2017 to 2040. About 70% of additions will be supplied by natural gas, wind, and solar photovoltaics in nearly equal shares. But despite a drop from its current share from 38% to […]