Insights Into Siemens’ Stunning Gas and Power, Renewables Shakeup

Credit to Author: Sonal Patel| Date: Mon, 13 May 2019 03:05:05 +0000

In the days following its May 7 announcement that it will spin off its Gas and Power business, Siemens has fleshed out how and when the carveout will occur, laid out its reasons for lumping its energy businesses together, and put forth a market case for why a business separation may be a “win-win” situation […]

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Siemens Will Exit Power, Gas, Renewable Businesses

Credit to Author: Sonal Patel| Date: Tue, 07 May 2019 17:12:37 +0000

Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business. The company’s supervisory board announced the spinoff on May 7 […]

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High-Volume Hydrogen Gas Turbines Take Shape

Credit to Author: POWER| Date: Wed, 01 May 2019 00:00:00 +0000

In preparation for a large-scale power sector shift toward decarbonization, several major power equipment manufacturers are developing gas turbines that can operate on a high-hydrogen-volume fuel. According to

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Autonomous Power Plant Takes Shape in Japan

Credit to Author: POWER| Date: Mon, 01 Apr 2019 00:00:00 +0000

The world’s first autonomous combined cycle power plant is currently under construction at the Takasago Machinery Works facility in Japan, and it will be operational by 2020, according to Mitsubishi Hitachi

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Japanese Conglomerates Rejigger Power Sector Strategies

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

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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POWER Digest [January 2019]

Credit to Author: POWER| Date: Wed, 02 Jan 2019 04:59:00 +0000

EDF Inks Agreement for O&M Services at UAE Nuclear Plant. French nuclear power plant operator EDF will operate and maintain the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) under a

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Natural Gas and Renewable Energy to Continue Leading the Market

Credit to Author: POWER| Date: Wed, 02 Jan 2019 04:59:00 +0000

Cheap natural gas and social pressure to reduce carbon emissions give gas-fired power plants and renewable energy resources a competitive advantage over traditional coal and nuclear generation. Energy storage

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POWER’s Top 10 Most-Read Stories from 2018

Credit to Author: Aaron Larson| Date: Thu, 20 Dec 2018 12:01:39 +0000

There’s never a dull moment in the power industry, and like most years, 2018 was filled with many interesting developments. As it has been for more than 135 years, POWER was there to break the news. The following 10 articles were the most-read online stories of the year. #10: New York Denies Air Permit for […]

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Duke Energy Brings First 820 MW of New Florida Gas Plant Online

Duke Energy has brought the first power block of its new $1.5 billion combined cycle gas plant in Citrus County, Florida, online. Duke said the facility located north of Crystal River—an area long known as home to the now-closed Crystal River Nuclear Plant—is among the largest combined cycle projects in the country, and it is […]

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