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10 Near-Term Global Power Sector Trends

Power Construction

10 Near-Term Global Power Sector Trends

O＆M
2023-02-09

Management Strategy to Mitigate Power Demand Surges, Increase Grid Reliability and Reduce Costs
Credit: Pixabay/CC0 Public DomainConcerns are mounting among policymakers and utility companies amid the impact of severe weather on the nation's electrical grids. In recent months, electrical grids in Texas have been tested to the point of near f
Solar Power Plant
2023-02-07

New Coalition Urges California to Create Western Regional Transmission Organization
The Lights on California coalition was launched on February 6 by a growing number of clean energy, business and environmental advocates committed to expanding renewable energy cooperation across the West — and raising awareness about the state’s
Power Construction
2023-02-06

GE, Samsung C&T, EDF in Race for 7.2GW Saudi Power Projects
Two of the projects will come up in the kingdom's Taiba city, while the other two will be in Qassim citySaudi Power Procurement Company (SPPC) has announced that 21 major developer/developer consortiums including global energy leader GE, French ut
Australia
2023-02-03

Incentives for Off-Peak Charging of Electric Vehicles Could Ease Stress on the Australian Grid
New data from Cornwall Insight Australia's EV uptake model shows that under an extreme scenario, 22 million electric vehicles (EVs) are expected to be part of the National Electricity Market (NEM) states’ fleet by 2052. The scenario is b
HVDC
2023-02-01

Medium Voltage Drives Market reaching US$ 2.26 Bn by 2032 - Comprehensive Research Report by FMI
In 2021, the medium voltage drives market was valued at more than USD 1.5 billion, and it is expected to grow at a CAGR of around 3.8% between 2022 and 2032.Growing customer interest in incorporating renewables, combined with stringent standards and norms
PowerGrid Technology
2023-02-01

Power to the People
Sulzer delivers bespoke motor redesigns for National GridWith global energy markets under pressure, utility companies are working hard to ensure that millions have reliable access to power. Consequently, when National Grid faced maintenance issues with tw
World Energy Outlook
2023-01-31

Generator Sales Market to Be Worth US$ 28.6 Billion by The Year 2032 - Comprehensive Research Report by FMI
As per a recent global study on Generator Sales Market by Future Market Insights, the industry is expected to reach US$ 28.6 billion in 2027, up from US$ 21.6 billion in 2022, with a CAGR of 5.8% over the forecast period.Generator sales and service system
Energy Investment
2023-01-30

Sun Cable: It’s Much More Viable Than You Think, at the Right Price
We think interest in Sun Cable assets will be high, and that the project may well be viable. Yet as an external analyst without access to inside information, the risk always is that you are talking bull sh**. Goodness knows that’s been the case
Electricity Trade
2023-01-30

Türkiye’s Daily Power Consumption Down 5.21% On Jan. 28
Daily electricity consumption in Türkiye decreased 5.21% on Saturday compared to the previous day, totaling 871,710 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Sunday.Hourly power consu
Power Construction
2023-01-30

Serbia’s Power Utility EPS No Longer Dependent on Imports, Acting CEO Claims
Elektroprivreda Srbije (EPS) is importing much less electricity this winter than last one and it is not dependent on imports, according to Miroslav Tomašević, acting CEO of Serbia’s state-owned coal and power producer.The consequences
Turkey
2023-01-25

Turnkey Sulzer Services for Asian Power Generation
Supporting the needs of Asia’s energy sector for 25 yearsA world-class independent service provider (ISP) and global pump OEM, Sulzer has provided 24/7 local engineering support to the Asian power generation market for over a quarter of a centur
Off-Grid
2023-01-23

Pakistan Suffers Major Power Outage After Grid Failure
A man starts a generator outside his shop during a country-wide power breakdown in Karachi, Pakistan January 23, 2023. REUTERS/Akhtar SoomroISLAMABAD, Jan 23 (Reuters) - Tens of millions of people in Pakistan were left without electricity on Monday, the p
Electricity Transmission
2023-01-21

Winter 2023-24 price cap forecasts fall further below EPG, but long-term prospects remain uncertain
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have fallen to £3,208 from April, decreasing further to approximately £2,200 for July
Ammonia
2023-01-19

Japan’s Largest Power Generator Signs Deals in Pursuit of Ammonia for Coal Power Plant Co-firing Project
JERA Co. Inc., Japan’s largest power generation company, announced the signing of a memorandum of understanding (MOU) for potential collaboration for the joint project development and sales & purchase of clean ammonia with CF Industries Hold
Nuclear Equipment
2023-01-19

French Nuclear Fleet Failure, Drought and War to Blame for Record Power Prices in 2022
Last year Europe saw very high levels of wholesale power prices, driven by gas prices that repeatedly broke all-time high records since the start of the Ukraine war.This was the standout highlight from the latest report on the European energy market from
Electrification
2023-01-19

GE Bags Two Service Contracts for Six Power Plants in China
H-class gas turbine. Image credit: GEGE and Chinese state-owned power utility Guangdong Energy Group have signed a long-term service agreement for Dongguan Ningzhou power plant, which is powered by three GE 9HA.02 gas turbines.Also, GE has announced it wi
Electricity Trade
2023-01-17

Drop in Power Price Predictions up to 2030 but Prices to Remain Above Pre-2021 Levels for Next Decade
New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies, compensating for reduced gas flows from Russia. The data included in our fourth 2022 – GB Power Market
Offshore Wind Power
2023-01-17

Tennet’s 2GW Programme Receive Early Work Approval
Dutch-German TSO TenneT, clean tech developer Hitachi Energy and international services company Petrofac are entering an early works agreement in support of TenneT’s 2GW HVDC offshore wind grid expansion.The companies will begin preparatory work
Power Construction
2023-01-16

EV Telematics Data to Enhance Grid Edge Solution and Load Control
US tech developer Uplight is partnering with Rolling Energy Resources (RER) on an electric vehicle (EV) grid edge solution, utilising vehicle telematics data to enhance customer engagement and grid load management.Uplight cites the need for informed EV da
United Kingdom
2023-01-15

2023 Predictions: Renewables, Hydrogen and Grid Connections
Here, Mark Rowcroft, development director at solar and storage developer Exagen, spotlights six areas to watch in the UK energy sector this year.2023 will see solar and battery grow faster than all generation types by MW, in terms of both consents and ins
Smart Meter
2023-01-13

How Smart Meters Create Resilient Utilities and Empower Consumers
Recorded live from the ESI Africa studio, Amit Kumar Gupta of Secure Meters Limited, India, discusses the current state and challenges of smart meter rollout in India, and how Secure Meters is contributing to the movement.Listen as the business developmen
Electricity Transmission
2023-01-13

GFH’s Infrastructure Platform Co-invests in European Electricity Distribution Company
Aurora is one of the largest industrial electricity distribution networks in the Nordic region.GFH Financial Group's sustainable infrastructure platform, Infracorp, has co-invested in Aurora Infrastructure, a monopoly electricity distribution netw
Solar Power Plant
2023-01-13

Saft to Build Landmark New Zealand Storage System
French company Saft is to build New Zealand’s first large-scale, grid-connected battery energy storage system.Saft has been awarded a the contract by Meridian Energy to construct the facility at Ruakākā in the country’s North Island.Th
Hydrogen Fuel Stations
2023-01-13

Hydrogen Generator Powers National Grid Innovation Centre
GeoPura Hydrogen Power Unit at National Grid's Deeside Centre for Innovation.National Grid in the UK has completed a ten-week trial to test a hydrogen-powered generator.The trial was carried out at national grid’s Deeside Centre for Inno
Digitalization
2023-01-12

Alliander Is Opening an AI Lab for Grid Digitalisation
Alliander has announced that it will be opening an ‘AI for Energy Grids Lab’ to coordinate research into Artificial Intelligence (AI) solutions to enable the digitalisation of the country’s grid.The Netherlands Organization f

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