Coal-Fired Power in 2021: A Recovery or a Reckoning?
The post Coal-Fired Power in 2021: A Recovery or a Reckoning? appeared first on POWER Magazine.
This has been the year from hell for coal-fired power and the coal industry. If current projections hold, coal generation in 2020 will be 21% lower than last year and 62% lower than the 2007 peak. The coal share of the generating mix, which for decades hovered around 50%, will finish the year at 20%, the lowest on record. Coal production will be the lowest since 1964 and down by a quarter just from 2019.
The new year may bring relief. The U.S. Energy Information Administration’s (EIA’s) Short-Term Energy Outlook (STEO) projects that coal generation will recover most of its 2020 losses in 2021, bringing some stability to coal plant operators and coal miners. The key factor behind a coal power recovery is higher prices for natural gas, which indeed appear likely in 2021. Nonetheless, a coal recovery in 2021 is highly contingent on other dynamics.…
Digital Applications, Data, and the Microgrid User Experience
The post Digital Applications, Data, and the Microgrid User Experience appeared first on POWER Magazine.
EnTech Solutions, a sister company of Faith Technologies, was created to provide renewable, resilient energy solutions that enable its partners to control energy costs and reliability and minimize their environmental impact. EnTech utilizes microgrids that leverage proprietary power control hardware, energy management software, energy storage and other distributed energy resources (DERs) to consistently deliver high-value, reliable electricity. These systems are designed by taking a customer’s energy needs into consideration during planning and commissioning to ensure EnTech can provide absolute value for each system installed.
Traditionally, sources of renewable energy have been managed locally at their physical locations. When a company deployed a microgrid, technicians would need to be at its location to adjust settings or perform updates.
Microgrids are a focus of POWER’s virtual Distributed Energy Experience, scheduled for Oct. 19-22. The event moved online when the in-person Distributed Energy Conference was put on hold due to the COVID-19 pandemic.…
AECOM Sells Power Business as Part of Restructuring
The post AECOM Sells Power Business as Part of Restructuring appeared first on POWER Magazine.
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital LLC. Terms of the deal were not disclosed.
The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $ 2.4 billion sale of its Maryland-based Management Services business—which provides consulting services to the government sector—to New York-based private equity firms American Securities and Lindsay Goldberg.
“The sale of the Power construction business marks another milestone in the successful execution of our transformation into a higher-margin, lower-risk Professional Services business,” said Troy Rudd, AECOM’s CEO, in an Oct. 16 news release. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities.…