Today GE announced its ‘predictive maintenance’ program driven by operational data from the company’s global fleet of more than 1,500 gas turbines helped decrease power plant downtime and saved customers an estimated $70 million in 2014. When a gas-fired power plant goes down due to a maintenance issue, that generation capacity must be replaced… Keep reading →
GE’s apparently successful takeover of key segments of Alstom’s prized energy business raised eyebrows when many thought German energy giant Siemens would prevail. Siemens’ unwillingness to part with its train signaling business – a critical concession made by GE – is reportedly one aspect of the deal that tipped negotiations in GE’s favor. Interestingly, the… Keep reading →
It’s just one energy sector watcher weighing in, but Lux Research does have pretty good credentials, so we’ll run with it, leading with their headline: “Solar to Become Competitive with Natural Gas by 2025.” So says the Boston-based consultancy in an eyebrow-raising analysis that adopts the view that, for now, cheap natural gas can be a… Keep reading →
