CHP technologies will continue to evolve and progress, driving development and adoption
The benefits of combined heat and power (CHP) generally are well established, and the technology is recognized as having great potential to improve large industrial process efficiencies while contributing to grid resilience.
Conventional electricity generation systems waste a great deal of energy through the discharge of heat into the atmosphere, and even more is wasted when electricity is distributed to distant industrial and commercial end users. CHP, on the other hand, makes productive use of the waste heat that is generated as part of the thermal processes.
The game has changed and utilities must address capital allocation in a different way
The electric utility industry is in the middle of a transformation that has no precedent. Historically speaking, delivering electricity was relatively simple; utilities generated power and provided it to customers over a one-way delivery system. Companies requested, and utility regulators granted, periodic rate hikes to cover infrastructure upgrades while providing a reasonable rate of return on that investment.
Utilities are adapting to the new energy grid under threat of significant economic challenge
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception.
Methane emissions key material risk and opportunity for oil and gas industry
October 17, 2018 /3BL Media/ - As the private sector adopts climate disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD), the oil and gas industry faces increasing pressure from its investors to disclose how it is managing climate risk, including emissions of methane from oil and gas.
The renewable power boom has spawned a growing need for robust energy storage
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix. As enthusiasm for renewable energy grows, wind and solar remain hampered by how much energy can be stored when generated to be used subsequently when energy is needed.
New scenarios are emerging that pair storage with conventional gas turbine generation
The cost of energy storage has fallen to the point where the power generation industry is moving from demonstration projects to full deployment. Driven by demand and a federal order designed to nurture broader adoption of storage capabilities, practical applications of energy storage are emerging that are competitive with conventional solutions.
In addition, continued annual reductions in the cost for storage will reveal more and more applications where energy storage makes economic sense. A great example can be found in the performance optimization of gas turbines.
September 28, 2018 /3BL Media/ - In the context of the 32rd two-day long Stuttgart Controlling and Management Forum, the Green-Controlling-Award 2018 was granted by the Péter-Horváth foundation on September 19, 2018. This year’s awardee is AIDA Cruises with its “Green Cruising” Project. Senior Vice President & CFO AIDA Cruises and CIO Costa Group Dr. Ali Arnaout accepted the price. He convincingly illustrated the innovative approaches of AIDA Cruises to present the “Green Cruising” strategy as a fundamental part of AIDA’s corporate planning and controlling.
Driven by new tech and a growing commitment to sustainability, companies are managing more DER than in the past
Maturing technologies and a growing emphasis on energy efficiency and sustainability are leading organizations to manage more DER than in the past. Bolstered by more financial and mechanical flexibility behind the meter, companies are becoming increasingly energy independent and investing more in alternative generation, storage and energy efficiency.
Grid modernization is gearing up, with several states leading the charge
Grid modernization is getting into gear across the country as electric utilities continue to work to automate distribution and smarten the grid. Buoyed by validating data, states such as California, New York, Illinois and Massachusetts are leading the way, providing blueprints for other regions to follow.