Management

A Goldman Sachs private equity business is taking a stake in critical industry cybersecurity firm Fortress Information Security. The $125 million investment underscores a heightened awareness of supply chain vulnerabilities within the investor community. Fortress, which announced the investment from Goldman Sachs Asset Management Private Equity on April 19, said it also highlights a wider […]

CEO Steve Edwards to retire after 44 years with global infrastructure leader OVERLAND PARK, Kansas (15 APRIL 2022) – The Black & Veatch Board of Directors today announces it has selected Mario Azar as the chairman and CEO for the company upon the decision of Steve Edwards to retire after 44 years of outstanding leadership, […]

Power companies rely heavily on engineering, procurement, and construction (EPC) contractors to build new power facilities and keep old ones in top condition. However, some projects go smoother than others

Maintenance equipment and tools have always been important for plant operators. In the early days, the tools were likely made entirely of iron and steel, copper and brass, lead, leather, rubber, or glass. Some

Following part one in this two-part series about operational excellence (OpEx) in the power industry, Hexagon discusses the value of setting milestones to help reach OpEx goals. In addition, the significance of embracing cultural change, leadership’s crucial role in change management, and how to develop change champions in power organizations is examined, along with technology […]

Operational excellence (OpEx) is a holistic approach to business change that requires small, ongoing modifications capable of producing significant effects. Within power operations, this approach can be used to improve crucial day-to-day procedures, such as shift handover, and address deviations from the norm, for example, market conditions. It is important to acknowledge that OpEx is […]

One of three new GE members join an exclusive National Academy of Engineers (NAE) membership of 2,388 US members and 310 international members. Membership one of the most prestigious honors an engineer can receive 131 others, including Tesla CEO, Elon Musk, head of Microsoft Satya Nadella and Noubar B. Afeyan, co-founder and chairman, Moderna Inc. […]

Today, power generators often don’t have the same in-house capabilities that they did in years past. Therefore, managing operations and maintenance at many facilities has become more difficult. Here are some

The last two years have had a profound effect on businesses in all industries, including power generation. Looking into the future, it’s evident that even more change is on the horizon. To accommodate these changes, one thing has become clear within the realm of finance: Digital transformation is no longer optional. Instead, it’s a necessary […]

Power producers today need to address multiple changes to the energy industry that are coming fast and furious. Among these changes are diversification of fleets, new power generating profiles, and drastic