business models

Once a giant pure-play independent power producer, NRG Energy has cultivated a legacy of pioneering business models to withstand waves of change in the power sector. Its latest strategic shift pivots from

Since its inception as Florida Power & Light Co. in 1925, NextEra Energy has transformed into the world’s largest utility company. The company’s history is symbolic of the growth and uncertainty that has characterized the history of power. 

At the Experience POWER conference, held in San Antonio, Texas, this week, POWER’s editorial team conducted several live interviews with industry leaders at its new Editors’ Studio. Here’s a recap of what you might have missed.  Executive Editor Aaron Larson talked to Paul Browning, president and CEO of Mitsubishi Power Americas (a company that sponsored the new video offering), […]

Public Service Enterprise Group (PSEG), New Jersey’s giant utility, has become the latest major U.S. power company to seek an exit from the competitive generation business.  In a statement attached to the company’s second-quarter 2020 earnings results released on July 31, Ralph Izzo, PSEG chairman, president, and CEO, said the company is “exploring strategic alternatives” […]

German energy supplier E.ON is collaborating with UK energy firms Scottish and Southern Electricity Networks (SSEN) and Costain Group to roll out an innovative business model that monetizes resilience and grid stability services to remote areas.  E.ON Innovation, one of Europe’s largest distribution system operators (DSOs) and the transmission and distribution arms at SSEN and […]

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

Power customers are demanding personalized energy solutions, forcing the industry to alter business models. The leading providers of the future will be digital, agile, efficient, and highly customer-centric

Every one of the 13 decades that POWER magazine has been in print has been definitive for electric generation technology, policy, and business in some significant way, but few have been as transformative as the 2010s. The decade opened just as the global economy began to crawl toward recovery from a historically unprecedented downturn that […]

The power industry is changing and power companies must evolve to stay competitive. Many businesses are transitioning from vertically integrated, centralized utility structures to more-distributed models. JEA offers a good case in point. JEA is a not-for-profit, community-owned utility located in Jacksonville, Florida. It serves an estimated 466,000 electric, 348,000 water, 271,000 sewer, and 11,000 […]

A project to demonstrate a novel power cycle that promises to produce low-cost, reliable, and flexible power from natural gas—while generating no atmospheric emissions, and fully capturing carbon dioxide—is inching closer to commissioning. Its developers are now actively assessing siting for the first commercial-scale 300-MW NET Power facility. NET Power’s 50 MWth Demonstration Plant in La […]