In February 2020, we published the first edition of our our “STPS Power Industry Analysis & Projection,” a bold new project in which we shared energy market outlooks for both North America and the entire globe. At the conclusion of this...
The economic repercussions of the COVID-19 pandemic will most likely cause widespread disruptions in the energy sector: tightening demand, disrupting supply chains, and reversing previous growth forecasts. We must reassess global growth projections issued before the pandemic because the supply...
IEO 2019 report points to the critical role of natural gas; projects conventional power sources (CPS) to outpace renewables for total electricity generation in 2050, 68% to 32%. Key Learnings: According to IEO 2019 report, in North America: CPS...
Power generating companies are under pressure to demonstrate flexibility, sustainability, reliability, and social responsibility. Companies must redefine their strategies and operational models to remain profitable, competitive, and maintain high levels of asset performance. Discussing your thermal plant challenges can be...
To reach our clean energy future, we must stoke thermal power plant transformation today. The power industry’s growing acceptance of variable energy resources and a clean energy future is a telling nod to its changing energy landscape in the...
Three years ago, with nearly 25 years of experience in the power generation industry — partnering primarily with major OEMs — I embarked on a new journey. I became a power industry consultant to serve power plant owners in improving...
It’s almost a cliché these days to state that the energy landscape is changing. That change is a daily mantra repeated at all ends of the industry. But it’s not often that we take a moment to unpack these changes,...
According to Sierra Club’s Ready for 100 Initiative, many cities and states across the U.S. are on the path to confronting climate crisis by transitioning to 100% clean or renewable sources of energy. These 100% goals are becoming the new...
Power generation has traditionally been an open market. However, looking back at the scale and costs that existed in the past ... Nuclear and coal often prevailed because they generated electricity at a lower cost. Traditional models also depended...
