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In November, California voters overwhelmingly rejected an initiative that would have put the brakes on AB 32, the state’s ambitious greenhouse gas (GHG) emissions reduction law. Given the role that California has played in climate change policy, that such a vote took place only four years into the law’s implementation process and 10 years before the emissions reduction targets were to be met was a reality check on climate change policy for those on both sides of the issue.

If Hollywood were scripting the power industry story for 2011, it would be a sequel to 2010—more of the same, but just not quite as good. Natural gas gets top billing and the accolades, wind power drops to a supporting role, and new nuclear answers the casting call but has yet to get a speaking part. Coal is like Mel Gibson—a talented Oscar winner unlikely to get another leading role. In this, our fifth annual industry forecast report, the story may be familiar, but the price of admission is going way up.

Timothy Curran, head of power for Alstom Power, USA, recently shared his company’s view of 2011 and beyond with POWER’s editor-in-chief.

The Electric Power Research Institute (EPRI) has identified four breakthrough technologies and funded them through its Strategic Research and Development Portfolio. EPRI expects to accelerate development of these innovations because they are likely to have significant effects on how electricity is generated and delivered.

Paul Browning, vice president, thermal products for GE Power & Water, sees the greatest short-term business opportunities beyond the U.S., in “high-speed” countries.

Utilities have achieved success by supplying electricity from central station plants (the supply side) to a grid that carries electricity to customers (the demand side). One way to improve the efficiency of this supply chain is by adopting smart grid technology. The weak link in that chain is convincing customers to use, and regulators to invest in, the smart grid.

Bill Newsom—vice president, sales & marketing, Mitsubishi Power Systems Americas Inc.—talks about taking the long view with the company’s U.S. investments.

European carbon trading is gradually pushing down coal-fired capacity factors, and operating costs are rising. The U.S. may not have a carbon market, but increasing regulatory requirements are having the same effect on coal-fired generation capacity factors and operating costs. In the meantime, gas-fired assets are enjoying increased usage and lower unit costs.

Dr. Michael Weinhold, chief technology officer of Siemens Energy, discusses the company’s 2011 business plans and the role of the smart grid in the future’s energy infrastructure.

For more than a decade Babcock & Wilcox Power Generation Group Inc. and Air Liquide have been developing oxyfuel technology with the goal of using it to concentrate CO₂ from pulverized coal-fired power plants and achieve up to 90% CO₂ capture and storage. This technology was recently selected for demonstration as part of FutureGen 2.0.