Energy efficiency may be leading to falling electricity sales in U.S.
March 2 2014 -
U.S. electricity sales peaked in 2007 and have been declining modestly since then. Sales in 2012 were 1.9% lower than 2007 sales, and sales in the first ten months of 2013 are below the same period in 2012. While the economic recession is an obvious explanation for the decline in sales in 2008 and 2009, it is much less clear why sales have continued to decline since then, even as the economy began to recover.
Chromalloy to continue supplying component repairs to Solar Turbines
February 26 2014 -
Chromalloy has renewed a 10-year agreement with Solar Turbines Incorporated to provide component repairs and new production support for the manufacturer’s leading power systems. Under the agreement Chromalloy will be the preferred supplier for a number of component repairs including turbine blades, nozzles and cases.
Duke Energy to exit its Midwest generation business
February 22 2014 -
Duke Energy has initiated a strategic process to exit its Midwest commercial generation business, which includes ownership interests in 13 power plants. "Our merchant power plants have delivered volatile returns in the challenging competitive market in the Midwest," said Lynn Good, president, CEO and vice chairman of Duke Energy.
Software integrates distributed generation into large power plants
February 14 2014 -
Municipal utilities play an important role in providing a sustainable energy supply in Germany. With their regional base, they are perfectly positioned to coordinate the increasing decentralization of power generation so that all participating market partners can gain the greatest possible benefit from renewable energy sources or the cogeneration of heat and power.
After selling reciprocating compressor business, Cameron mulls over centrifugals
February 10 2014 -
Cameron has entered into a definitive agreement under which it will sell its Reciprocating Compression business to GE for cash consideration of approximately $550 million, subject to closing adjustments. Cameron also announced that it intends to explore strategic alternatives for its Centrifugal Compression business to further enhance the Company's focus on its core businesses.
Wood Group GTS has been awarded a $1.4M contract by the City of Austin to replace four proprietary GE Millennium turbine control panels at the Sand Hill Energy Center in Austin, Texas. The panels will be replaced with Wood Group GTS’icon control systems, which give power plant operators the ability to modify turbine controls themselves to meet differing plant conditions.
In Japan, Mitsubishi Hitachi Power Systems, Ltd. ("MHPS"), a thermal power generation systems company jointly established by Mitsubishi Heavy Industries, Ltd. ("MHI") and Hitachi, Ltd. ("Hitachi"), announced its launch and commencement of business operations on February 1.