Long-time GE CEO Jack Welch Dies at 84
The post Long-time GE CEO Jack Welch Dies at 84 appeared first on POWER Magazine.
Jack Welch, the chief executive of General Electric (GE) during a period of great prosperity for the company, and considered one of America’s most influential CEOs, died March 1 at his home in Salem, Massachusetts. He was 84.
His wife, Suzy Welch, on Monday said the cause of death was renal failure. In a statement released to CNBC, Suzy Welch said, “More than anything else—leader, business icon, management genius—more than those things, although they are all true too—Jack was a life force made of love. And somehow, crazily somehow, he also managed to be the greatest husband and step-father who ever lived, giving our family twenty amazing years of adventure, happiness, and joy. Our hearts, so much larger and fuller having known and loved him, are broken.”
“Today is a sad day for the entire GE family,” GE Chairman and CEO Larry Culp said in a statement.…
How Much Will Hydrogen-Based Power Cost?
The post How Much Will Hydrogen-Based Power Cost? appeared first on POWER Magazine.
Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as the scale-up of hydrogen production, distribution, and equipment and component manufacturing continues. For some applications, hydrogen could become competitive with other low-carbon alternatives, and even conventional options. Those are key findings from an in-depth assessment of industry-provided hydrogen application costs that the Hydrogen Council—an international CEO-level advisory body—underscored in a Jan. 20–released report.
The findings offer an important glimpse at growing efforts to integrate hydrogen into the global energy framework. As part of concerted decarbonization goals, 18 governments (whose economies account for 70% of global gross domestic product) had developed detailed strategies for deploying hydrogen solutions, as of January. Industry, too, is paying attention to sharp improvements to cost drivers associated with “renewable” hydrogen production, and the versatile role hydrogen could play in future energy systems.…
The POWER Interview: Vicinity CEO Discusses District Energy
The post The POWER Interview: Vicinity CEO Discusses District Energy appeared first on POWER Magazine.
The rise of distributed, or decentralized, power generation has been supported by district energy, the generation from facilities and associated distribution networks supplying steam or hot water, chilled water, and electricity for heating and cooling to millions of square feet of building space across the U.S. and around the globe. District energy is among several focus areas for POWER’s Distributed Energy Conference, which this year is scheduled for Oct. 19-21 in Chicago, Illinois.
Among the newest district energy providers—at least in name—is Vicinity Energy, a company recently launched by Antin Infrastructure Partners after Antin’s purchase of Veolia North America’s district energy assets in the U.S. Vicinity, headquartered in Boston, Massachusetts, immediately became North America’s largest provider of district energy. The company is supplying energy and related services across 13 networks in 10 major cities, including large networks in Boston; Philadelphia, Pennsylvania; Baltimore, Maryland; and Kansas City, Missouri.…