Joe Mease and Bryan Benoit, Grant Thornton LLP After serving as a primary source of electrical power generation for the last half-century, bankruptcies throughout the American coal mining industry in 2020 serve…
business
Siemens announced the spinoff of its Power and Gas division on May 7, 2019. It was part of the company’s Vision 2020+ strategy. On Sept. 1, Siemens Energy laid out…
As the world continues to face climate uncertainties, industrial companies are looking for ways to ensure they are as sustainable as possible while maintaining profitability. POWER's recent Distributed Energy Conference…
Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various…
Faced with the challenge of making the right moves to accommodate a swiftly changing energy ecosystem, one question draws into sharp focus for generators and the entire power and utilities…
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…
Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and…
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…
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…
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…