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.”…
digitalization
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…
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 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…
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…
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,…
COMMENTARY 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…
I was recently reviewing a report issued last year by BMI Research, a Fitch Group company, which has since been rebranded as Fitch Solutions. The Megatrends 2050 Special Report, as…
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…
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…