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 […]