business

Multinational power and gas giant ENGIE, which embarked on an aggressive transition toward zero-carbon three years ago, saw tempered revenue growth over 2018, owing in part to its disposal of thermal generation businesses in the UK and Poland, and the 1-GW Loy Yang B coal-fired power plant in Australia. ENGIE CEO Isabelle Kocher, who outlined […]

There is no industry more concerned with continuity of service than the power industry. Maintaining power supply to constituents is the critical mandate of every plant, whether harnessing energy from the sun, wind, water, coal, or nuclear sources. While consistency is a top priority, the plants themselves are often in a state of flux due […]

An Indiana consumer protection agency has told state regulators they should reject Vectren Corp.’s plan to build a new natural gas-fired power plant in the state. Vectren wants the plant to replace four of the utility’s retiring coal-fired units. Indiana’s Office of Utility Consumer Counselor (OUCC) on August 13 said it completed a five-month legal […]

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]

YOKOHAMA, JAPAN – (August 6, 2018) Mitsubishi Hitachi Power Systems (MHPS) today announced their continued leadership of the global market for gas turbines. Through the 2nd quarter of 2018, MHPS leads the industry with 40% of the total market and has led at the halfway point of a calendar year. In the highly competitive market […]

Siemens Gamesa Renewable Energy (SGRE) has entered into new agreements with Gas Natural Fenosa Renovables for the supply of 166 MW at four wind farm developments in Spain. These projects fall under the scope of the renewable capacity allocated to the Spanish utility as part of the auction held last May. Specifically, Siemens Gamesa will […]

The company has been awarded an EPC contract for the entire project, which will encompass a wind farm with 56 turbines and a 20 MW / 34 MWh lithium-ion (Li-ion) battery. Siemens Gamesa Renewable Energy (SGRE) has been commissioned to build a pioneering wind complex in Australia, which will combine the installation of a wind […]

GE Power has installed its Advanced Gas Path (AGP) gas turbine upgrade solution at the Iraqi Ministry of Electricity’s (MOE’s) Najibiya Power Plant. The solution is expected to enable the MOE to increase the duration between the maintenance inspections of the gas turbines. This will decrease the downtime of the turbines and improve the availability […]

ARNHEM, Netherlands (April 4, 2018) — Small-scale, grid-connected energy storage solutions – or “community batteries” – can have a viable business case, supporting the ongoing growth of decentralized energy generation resources. This is one of the key findings of a feasibility study published today by DNV GL, based on work by an industry-wide consortium that includes […]

LAKE MARY, Florida (April 2, 2018) — Mitsubishi Hitachi Power Systems (MHPS) today announced the integration of PW Power Systems (PWPS) within Mitsubishi Power Systems Americas (MHPS Americas). MHPS Americas CEO Paul Browning said, “Integrating PWPS into MHPS Americas broadens our product portfolio and allows us to realize synergies between our various manufacturing and service […]

To strengthen balance sheets and thwart market woes afflicting generators in competitive markets, Dynegy Inc. and Vistra Energy will merge, creating a company that is projected to have a value greater than $20 billion. Dynegy, which operates a power plant fleet of 27 GW, will merge into Vistra Energy, the parent company of TXU Energy […]

The past year saw an astonishing number of mergers, acquisitions, and business reconfigurations of electricity and energy companies, without any obvious organizing theory. Is it possible to make sense of the activity, or is it just business Brownian motion—aka, random behavior?  Gas companies spun off power generating assets. Power companies sold offshore businesses. Independent generators […]

Japanese Firms Poised to Build Two 540-MW IGCC Plants Based on Nakoso Technology. A consortium of Japanese firms on December 1 said they had received full-turnkey orders for two integrated gasification

As our January 2017 cover image of a dynamic Rubik’s Cube suggests, the power industry, especially in the U.S., is dealing with something akin to solving a 3-D puzzle whose pieces are being added and subtracted as the game is being played. Although shares of traditional, regulated electric utilities remain some of the most predictable […]

Refurbishment of OPG’s Darlington Units Begins. Work to refurbish Ontario Power Generation’s (OPG’s) 3.5-GW Darlington Nuclear Generating Station kicked off on October 15. The refurbishment of the four Darlington reactors, which have provided about 20% of Ontario’s power since they went into service in the early 1990s, will span 10 years. The project is estimated […]

Vattenfall to Convert Berlin Coal Plants to Natural Gas. Sweden’s state-owned power company Vattenfall is phasing out the use of coal in Germany’s capital Berlin. The company on September 28 said it would

Mexico to Launch Pilot Carbon Trade Program. Mexico will launch a yearlong simulation of a cap-and-trade program this November. The pilot program will involve up to 60 companies, allowing them to adapt a

The annual panel discussion by high-level leaders from diverse power companies is a cornerstone of the ELECTRIC POWER Conference & Exhibition, and it has been consistently emblematic of the state of the

Saudi Arabia Mulling Privatization of State-Owned Utility. State-controlled Saudi Electricity Co. (SEC) is to be split into four power generation firms by the end of 2016 to increase efficiency, Abdullah

Renewables giant SunEdison will acquire emerging distributed energy firm Vivint Solar’s 523-MW rooftop solar portfolio in a $2.2 billion acquisition deal that signals momentum for the business model that has challenged the bottom lines of traditional utilities. SunEdison and Vivint Solar signed a definitive merger agreement on July 20. It will involve the acquisition of Vivint […]

Siemens AG has completed a company reorganization to respond to the “persistently difficult environment” in the global power generation market. The global technology company, which had around 357,000 employees in 2014, said it would cut 4,500 jobs worldwide as part of efforts to streamline administrative functions. Siemens announced 7,800 jobs cuts earlier this year. Along […]