Markets – Page 27 – Thinking Port

Japanese Conglomerates Rejigger Power Sector Strategies

February 21, 2019 admin abb, Business, business strategies, Carbon Capture, climate change, Coal, decarbonization, Environmental, Gas, grid, hitachi, hydrogen, hydrogen power, International, Japan, mangum, market disruptions, Markets, MHI, mhi vestas, mhps, netherlands, news, Nuclear, offshore wind, Renewables, Research and Development, Technology, vattenfall, Wind

Credit to Author: Sonal Patel| Date: Thu, 21 Feb 2019 12:30:56 +0000

Hitachi and Mitsubishi Heavy Industries (MHI), two giant Japanese companies with substantial stakes in the world’s power sector, are separately rethinking future business directions as sizable disruptions shake up prospects for traditional market growth. In recent months, Hitachi refined its business model to prepare it for explosive demand in digitalization solutions, focusing heavily on grid […]

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GE, MHPS Vie for Top Spot in Fiercely Competitive Gas Turbine Market

February 14, 2019 admin ansaldo, Business, g-series, Gas, gas turbines, ge, ha, j-series, market share, Markets, mccoy, mhps, news, siemens, Technology

Credit to Author: Sonal Patel| Date: Thu, 14 Feb 2019 15:05:42 +0000

Mitsubishi Hitachi Power Systems (MHPS) appears to have snagged the lead in an intensifying competition in a mostly flat market for heavy-duty gas turbines of above 100 MW, but GE retained its lead both for overall installed gas turbine capacity and units in 2018, a much-watched industry ranking suggests. Data from McCoy Power Reports’ latest […]

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Pennsylvania Is Newest Nuclear Subsidy Battleground

February 14, 2019 admin Business, Exelon, FirstEnergy, Legislative, Markets, news, Nuclear, Pennsylvania, zecs

Credit to Author: Sonal Patel| Date: Thu, 14 Feb 2019 14:29:40 +0000

Pennsylvania, the nation’s second-largest nuclear power-producing state, is now definitively a battleground for nuclear power subsidies. Last week, in two memos that were circulated in the state House and Senate, seven lawmakers signaled they would soon introduce legislation that would update a 2004 state law—the Alternative Energy Portfolio Standards (AEPS)—to include nuclear power. The law […]

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Financial and Gas Turbine Blade Troubles Plague GE Power

February 7, 2019 admin 2018 earnings, blade issues, bouchain, Business, chubu, Coal, culp, EDF, Exelon, Gas, ge, ge power, History, Market, market demand, Markets, news, Nuclear, products, Renewables, Services, technical glitches, Technology, timeline, turbines

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:27:09 +0000

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

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Decarbonization, Electrification Key Among 8 Priorities for U.S. Investor-Owned Power Companies

February 7, 2019 admin Business, Coal, decarbonization, EEI, electrification, environmental sustainability, Gas, investor-owned utilities, Legal & Regulatory, Legislative, market forecast, Markets, news, Nuclear, Power Demand, Renewables, storm response, Technology, Wildfires

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:24:04 +0000

In line with customer preferences, U.S. investor-owned electric companies are heavily invested in decarbonization and electrification, the Edison Electric Institute (EEI) told Wall Street analysts and bankers on Feb. 6. In its annual presentation to potential investors and industry observers, the trade association that represents every investor-owned electric companies in the nation lamented a number […]

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DOE and FERC Mull Incentivizing Cybersecurity, Physical Security of Power and Gas Infrastructure

February 4, 2019 admin Business, Congress, connected plant, Cybersecurity, DOE, ferc, grid security, iiot, iiot cyber, iiot oil & gas, iiot power, Legal & Regulatory, Legislative, Markets, nerc, news, Physical security, reliability, technical conference

Credit to Author: Sonal Patel| Date: Mon, 04 Feb 2019 20:22:17 +0000

The U.S. Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) want to explore how federal and state authorities could incentivize cybersecurity and physical security in the power and natural gas sectors. The agencies issued a notice on Feb. 4announcing they would jointly hold a technical conference on Thursday, March 28, 2019, from 10 […]

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Energy-Efficiency Programs Benefit Us All

January 31, 2019 admin aceee, Business, cip, Commentary, conservation improvement program, energy efficiency, energy efficiency resource standard, Environmental, Markets, Minnesota, news, Power Demand

Credit to Author: POWER| Date: Fri, 01 Feb 2019 00:00:00 +0000

Utility-sponsored energy-efficiency programs have always seemed like a contradiction to me. Obviously, power companies make money by selling electricity, so encouraging customers to install energy-efficient

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COP24’s Hefty Impact on the Power Sector

January 31, 2019 admin banks, Business, carbon emissions, climate change, climate finance, Coal, coal phaseout, cop24, Environmental, finance, ghg, International, ipcc, Israel, Legislative, Markets, news, Paris Agreement, power past coal alliance, Renewables, senegal, UNFCCC

Credit to Author: POWER| Date: Fri, 01 Feb 2019 00:00:00 +0000

Two weeks of intense negotiations at the 24th meeting of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) in Katowice, Poland, last December culminated in

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Polar Vortex Tests Resiliency of U.S. Power System

January 31, 2019 admin bomb cyclone, Business, climate change, Coal, cold weather, Environmental, Gas, iso-ne, Markets, MISO, nerc, news, Nuclear, NYISO, pjm, polar vortex, Technology

Credit to Author: Sonal Patel| Date: Thu, 31 Jan 2019 14:28:54 +0000

Brutally cold temperatures in the midwestern and northeastern U.S. spurred grid operator alerts as natural gas demand has surged, power prices have soared, and there have been forced generator outages. The polar vortex, an extreme cold event characterized by back-to-back cold fronts, has so far prompted states of emergency in Wisconsin, Illinois, and Michigan. On […]

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Colstrip Power Plant Threatened by Westmoreland Bankruptcy

January 30, 2019 admin Business, Coal, coal mine, colstrip, courts, Environmental, finance, Fuel, fuel contract, Legislative, Markets, news, power, power plant, rosebud, westmoreland

Credit to Author: Aaron Larson| Date: Wed, 30 Jan 2019 19:40:29 +0000

The Colstrip Power Plant, a four-unit, 2,094-MW coal-fired station located about 100 miles east of Billings, Montana, could see its coal supply contract nullified as a result of Westmoreland Coal Co.’s Chapter 11 bankruptcy reorganization. Westmoreland operates the 25,000-acre Rosebud coal mine, among others. Rosebud is adjacent to the Colstrip plant and supplies almost all […]

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