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The economics of power generation has been upended over the past several years. Utilities and power producers have faced increasing challenges, particularly those with aging generation fleets. In addition, the move to renewable and distributed sources of electricity generation has forced them to be more efficient and change their operation profile.
However, economic and technological factors still point to fossil fuels being a significant contributor to the fuel mix for the next 10-20 years. Some countries like the US will continue to replace their aging coal-fired plants with more efficient, cleaner natural gas combined cycle plants (NGCC). China, India, and other coal-rich countries will continue to burn coal to meet their growing electricity demand.
The question then becomes: How do you operate your generation fleet efficiently and sustainably? The answer to this is: operational excellence