IIOT
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Business
Hitachi Absorbs ABB Power Grids in New $10B Joint Venture
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 […]
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Markets
Minutes Matter in the Energy Imbalance Market
An energy imbalance market (EIM) is a voluntary market that provides a sub-hourly economic dispatch of participating resources for balancing supply and demand every five minutes. One such market is the Western
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Connected Plant
Using Data Analytics to Support Asset Management and Optimization
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
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Connected Plant
Digital Strategies for Power Plant Optimization
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
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Business
Customer Demands Drive Change in Business Models
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
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Instrumentation & Controls
How to Optimize Your Facility While Using Variable Quality Fuel Gas
The composition and heating values of fuel gas can vary from one moment in time to another. Using a Coriolis flow meter to obtain a mass flow measurement, rather than relying on a standard volume flow
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Connected Plant
The POWER Interview: Optimizing Operations with IoT Technology
Some experts have predicted there will be as many as 50 billion connected devices in service by the end of this year. That number basically includes all of the equipment, sensors, and gadgets around the world that together make up the internet of things (IoT). But how are they all connected, what allows them to […]
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Connected Plant
[VIDEO] POWER Insights: Why Digitalization Has Been a Lifeline for Power During COVID
The COVID-19 pandemic’s impact on the power sector has so far been immense, resulting in supply chain disruptions, labor constraints, construction delays, restrictions on business activities, and, crucially, financial challenges. But according to Dr. Colin Parris, senior vice president and chief technology officer (CTO) at GE Digital, the sector’s response has been adaptive, and digitalization […]
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Gas
GE Integrating AI to Enable Performance-Informed Gas Turbine Inverse Design
GE researchers developing an artificial intelligence (AI) and machine learning (ML)- enabled inverse design framework that allows performance metrics to create more optimized designs for industrial gas turbine (IGT) aerodynamic components Project aims to achieve a 30-50% reduction in design cycle times, or from 1 year to a few months Partnered with University of […]
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Technology
Big Data: The New Age of ‘Fortune Telling’ Requires Human Collaboration More Than Ever
Ancient Chinese fortune tellers used heated metal pokers to create cracks in bones or empty turtle shells. By reading the patterns in the cracks, they attempted to calm the unease that comes with the innate uncertainty of the world—especially the ancient world. They predicted the future and doled out advice that affected the fate and […]
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