decarbonization
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Climate change
Report: Decarbonization of World’s 50 Most Influential Power Companies Bleak
Two reports analyzing energy transitions toward low-carbon resources released this week offer mixed assessments of how the power industry is faring in efforts to tamp down carbon emissions. The World Benchmarking Alliance (WBA), a broad group of stakeholders committed to 17 Sustainable Development Goals developed by the United Nations (UN) in 2015, on July 6 launched […]
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Business
The Evolution of Power Business Models
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
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Hydrogen
Developers Make Progress on Solar-Powered Hydrogen Projects
Two projects focused on solar-powered hydrogen production made notable steps forward recently. One project, supported by Ricardo plc and the European Marine Energy Centre (EMEC), will investigate “using existing solar capacity to produce hydrogen as an alternative to high-carbon fossil fuels.” While the other, developed by HyperSolar Inc., will begin the manufacturing process for its […]
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Press Releases
Industrial decarbonization is essential for addressing climate crisis, report shows
May 19, 2020 — With industry accounting for more than one-fourth of U.S. greenhouse gas emissions, its decarbonization is essential for combating climate change, according to a report released today that shows energy efficiency is a key way to slash these industrial emissions. Decarbonizing industry by midcentury will require a transformation in what we make and […]
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Business
MHPS Will Rebrand as ‘Mitsubishi Power’
Flagship power plant and equipment firm Mitsubishi Hitachi Power Systems (MHPS) plans to change its name to “Mitsubishi Power” once it receives approval from antitrust authorities in several countries. The rebrand announced by the Yokohama, Japan–headquartered MHPS on April 24 will reflect a change in ownership announced in December, when Japanese technology conglomerate Hitachi said […]
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Press Releases
Siemens and Uniper join forces to decarbonize power generation
April 8, 2020 — Uniper and Siemens Gas and Power today signed a cooperation agreement for the development of projects on the decarbonization of power generation and promoting sector coupling. It extends the long-standing partnership between the two companies. It is important to look at the energy, mobility and industry sectors together, because they all […]
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T&D
Are Traditional Power Companies Being Disintermediated?
How will the electric grid change as the world transitions to a power system with more renewable energy resources? Some experts foresee a shift from today’s grid-type architecture to a system of systems—from the current centralized design to a distributed energy scheme. While it’s hard to know exactly what the future holds, it’s commonly believed […]
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Fuel
Engineering Group: American Gas Turbines Will Remain Relevant But Need Advancement
Given current trends, the U.S. gas turbine industry is set to play a critically important role in power generation, aircraft propulsion, and the oil and gas industry “for decades to come,” but it could benefit from prioritized research and development (R&D) and technological leadership, a new report from the National Academies of Sciences, Engineering, and […]
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Renewables
Decarbonization: Utilities Leading the Way
Decarbonization is a word that seems to be used quite regularly these days. For the power industry, it refers to the shift in electric generating resources from carbon-heavy coal to carbon-free nuclear or
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News
Decarbonizing with Energy Storage Combined Cycles
Low asset utilization is an increasing financial challenge for both conventional and renewable assets, which are sometimes curtailed due to over-generation at various times of day. Integrating large-scale
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