Market Trends

Design capacity reported a small increase, and demonstrated peak capacity reported a small decrease. The growing trend toward more natural gas-fired electricity generation generally encourages more storage capacity.

CO2 emissions in the U.S. electric power sector have dropped 28% over the last decade primarily due to coal-to-natural gas switching.

Turbomachinery International has been a regular visitor to the Baker Hughes Annual Meeting (AM) in Florence, Italy. But this year, a virtual format had to suffice.

A stable renewable-rich grid needs transmission build-out, and incentivized ancillary services.

Renewables expected to surge and fossil-fueled power to sag in new-build generation market.

Hydrogen turbines and Power-to-X technologies in carbon-neutral energy systems.

Baker Hughes moves on from GE, pushes A.I., digitalization, 3D printing and carbon capture.

Downward sales trend continues but uptick in orders expected throughout the next decade.

President Donald Trump’s goal of achieving energy dominance took several steps forward in 2019. In the power business, the most significant move was the finalization of the Afford-able Clean Energy (ACE) rule in June.

Key concerns: plant flexibility, loss of technological expertise, deficient R&D investment and more stringent emission laws.

Distributed generation, combined heat & power and hydrogen are driving the market for smaller and mid-sized turbines.