digitalization

Artificial intelligence (AI) is a term power professionals are seeing increasingly to describe sophisticated digital technologies. Could it be the breakthrough that is so highly hyped? There is no argument

The coal power industry acknowledges that to play a stable role in future power markets, it needs to modernize, and perhaps even overhaul its long-held status as a “conventional generator.” Could new

In a recent conversation with POWER, GE Digital CEO Pat Byrne discussed why GE made key changes to the lucrative business, streamlining it to focus on four key markets, including electric utilities and power generation.  GE has been at the forefront of the innovation in the energy sector since Thomas Edison formulated the essential requirements […]

Siemens will equip Lalitpur Power Generation Company Limited (LPGCL), a Bajaj Group company, with advanced digital solutions for its power plant located in Lalitpur, Uttar Pradesh, India. Siemens will provide a complete thermal twin for the LPGCL coal-fired power plant, enabling improvements in the plant’s performance. Siemens experts, in close collaboration with plant operations team, […]

A nationwide survey of state utility commissions suggests regulators are increasingly grappling with issues that could “profoundly” alter energy delivery and utility business models. However, over the next decade, they expect central station generation will continue to dominate state portfolios, and utility-scale solar growth will surpass customer-owned photovoltaic (PV).  The survey to take the “regulatory […]

The pace at which new digitalization technologies are being adopted in the power sector is dizzying, but news from major players in the sector—among them, AES, Invenergy, Google, and IBM—this week suggests it will only accelerate.  For more insight into power plant digitalization, including the latest in digital monitoring, diagnostic, analytics, Industrial Internet of Things […]

GE will retain its lucrative digital business—not spin it off, as had been planned—but it will sharpen the division’s focus on four key markets, including electric utilities and power generation, GE Digital CEO Pat Byrne told customers in an Oct. 31 letter. “I want to affirm that GE Digital is staying in GE,” Byrne wrote. […]

The future of energy is electric. It is a future that is evolving rapidly, bringing significant changes. Traditional suppliers are scrambling to stake their claims and remain relevant. Market trends point

I was recently reviewing a report issued last year by BMI Research, a Fitch Group company. The Megatrends 2050 Special Report , as it is called, suggests there are three main trends that will transform the

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

Power companies worldwide are struggling to balance talent shortages with changing skills needed for an increasingly digitalized business, the newly released Global Energy Talent Index (GETI) suggests.  The Jan. 22–released annual energy recruitment and employment trends report by Airswift, a global energy workforce provider, and Energy Jobline, an online jobsite dedicated to the energy and […]

Global demand for power and water is accelerating—and the Middle East is no exception. A burgeoning population combined with multiple industrial diversification programs is fueling a boom in power and water projects. During the first three quarters of 2017, about $30 billion of major power contracts and $20 billion of water projects were awarded across […]