Utilities’ | EnergyNorthwest.com

Thermal Storage and Heat Pumps Will be the Low Cost Peak Shaving Solution for Utilities and Users

August 3, 2022

We are now in a time of decreased Security of Supply (call it SOS) and utilities are continuously challenged in keeping the guarantee of delivering power on the same level. A famous Dutch newspaper NRC told that cooling equipment will come into the economic range of many people in Developing Countries and increase the peaks on the grid. In many of these countries but also in the richer..
Energy Central…

Should Utilities Accept Cryptocurrency as Payment?

March 11, 2022

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| Energy Jobs

According to a recent Inc. article, consumer adoption of cryptocurrency is on the rise. The article mentioned survey results that show 48% of U.S. consumers reported investing in cryptocurrency during the first half of 2021 and that 21% have used cryptocurrency to send or receive money, make purchases, or accept payment. Given this increase in popularity, more companies are accepting or..
Energy Central…

The POWER Interview: Protection Testing Paradigm—How Utilities can Adapt to the Digital Era

February 6, 2022

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The digital transformation in the power generation industry touches several areas, encompassing engineering, monitoring and control, asset performance, and operations optimization, among others. Power plant operators know the digital era has been a perfect fit for their industry, enabling digitization to reduce risk, save costs, optimize performance, and speed crisis response.

Doble Engineering is a company at the forefront of the digital age in power generation, enabling utilities and power plant operators to understand asset health through the group’s diagnostic test equipment, software, and services for the electric power industry.

Ed Khan, director of Protection Training at Doble Engineering, provided POWER with insight into the ways digitization has changed the power industry. Khan and Doble continue to research and develop ways digital-based applications can serve electricity producers moving forward, at a time of rapid change in the power sector, particularly when it comes to protecting assets and operations.

POWER: Which industry trends or changes should be most top of mind for power and utility companies today?…

Predict, Optimize, Synchronize, Control: How AI Can Fulfill the Promise of Sustainable Energy Resources and Reshape the Future of Utilities

January 15, 2022

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The world is changing rapidly as technology advances at breakneck speed. From the fourth industrial revolution and virtual reality to 5G and artificial intelligence (AI), our society is on the brink of tremendous technological upheaval. Although many industries evolve alongside innovations, some, such as utilities, have not moved at the same pace. This is in large part due to a range of complex existing barriers that most regulated industries face, with changing regulatory regimes and lack of funding.

Despite challenges, the utilities industry is long overdue for modernization. Just the fact that, of the G20 countries, which account for 80% of the world’s emissions, only six have formally increased their emissions reduction targets tells us how little we have collectively accomplished. While, from a distance, it looks like the energy industry is dragging its feet, the question of transitioning to green power is much more complicated. In terms of grid reliability and resilience, success will depend on how distributed energy resources (DERs) are integrated, optimized, synchronized, and controlled.…

GE, Siemens, Utilities Take Hits From Coronavirus

April 28, 2020

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The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine.

Lincoln-Project-Combustion-Gas-Turbine-Delivery-Siemens

U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are taking a revenue hit due to COVID-19.

Maintenance of power plant generation equipment is a major revenue source for Siemens, GE, and other equipment manufacturers. GE’s aviation unit earlier this month announced it would furlough half of the division’s engine manufacturing workers, idling thousands of staff for as much as four weeks. That announcement came a few weeks after the company said it would cut 10% of the workers in that unit, or about 2,600 jobs. The company’s aviation business is struggling as airlines worldwide reduce orders, with many airlines simply parking planes due to the global collapse in air travel.…

The POWER Interview: Google, Utilities Partner for Energy Solutions

March 10, 2020

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The post The POWER Interview: Google, Utilities Partner for Energy Solutions appeared first on POWER Magazine.

Businesses are putting more emphasis on sustainability, coordinating their operations to ensure financial success while also being mindful of environmental concerns. Investors in many cases are demanding companies embrace sustainability, which often includes being more efficient in their use of energy.

That’s one reason behind the growth in distributed power generation, as companies develop their own systems—often utilizing renewable power—to have more control over their energy use and its cost. Several of these companies have told their stories, and provided information about their commercial and industrial power installations, at POWER’s Distributed Energy Conference.

This year’s conference is scheduled for Oct. 19-21 in Chicago, Illinois. Sustainability will again be part of the agenda, with businesses discussing how they are developing programs to address financial, social, and environmental concerns.In the corporate world, it is sometimes referred to as the triple bottom line.

Google, the Silicon Valley-based search engine giant, has become a leader in sustainable business practices, purchasing renewable energy to match its global power consumption.…