For over a year, STPSC has been conducting due diligence into the creation of a digital marketplace for thermal power plant parts — a strategic initiative that closely aligns with our wheelhouse to offer innovative, collaborative, and pragmatic solutions.

Through robust research, in-depth conversations, and onsite plant visits, we have determined that such a platform would be highly beneficial for plant managers and stakeholders across the value chain.

What:

The creation & maintenance of ST Power Parts Beta, a digital marketplace that will include key features such as:

• Real-time visibility into available parts and components from participating plants
• Ability to connect with plants to facilitate parts transactions
• Detailed information about listed parts
• Experienced resources for parts assessment, repair, installation, etc.

Why:

To maximize the useful life of thermal plant assets, building a bridge toward a renewable energy future. Potential benefits of the ST Power Parts Beta include:

• Expedited search for compatible parts from a trusted source that understands your plant technology, operating regime, and business model
• Avoidance of long and costly plant downtime
• Addition of critical operational redundancies
• Pragmatic alternative to standard long-lead parts; lower cost and shorter lead time
• Consulting services to determine part compatibility and repair services, if required
  

How:

While we have been discussing and collaborating with industry leaders and plant managers, it’s time for us to take the strategic initiative to the next level. To that end, we are creating a survey to help us reach a final analysis of the feasibility of delivering ST Power Parts Beta to the market. Stay tuned for more details.