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(BADEN, SWITZERLAND) May 14, 2019— GE Steam Power, PGE (Polska Grupa Energetyczna) and the GE-led consortium partners today synchronized Opole Unit 6 to the Polish grid. Poland’s Minister of Energy, Krzysztof Tchórzewski, and the U.S. Ambassador to Poland Georgette Mosbacher, joined the partners at the Opole power plant today to celebrate the milestone. Once operational, Opole will be Poland’s third largest power plant.

PGE chose GE’s ultra-super critical (USC) coal technology for Opole 5 & 6 to use locally available hard coal and ensure best available technology in terms of plant efficiency. Once operational, the two units will supply 1.8 GW, enough electricity for two million homes or 8% of Poland electricity. Opole will play a critical role in Poland where electricity demand is expected to grow by 40% by 2040, according to Poland’s Ministry of Energy.

Henryk Baranowski, PGE’s Chief Executive Officer said, “Opole Units 5 & 6 will play an important role in Poland’s energy infrastructure as it is the biggest project in the Polish energy sector since 1989. Today, the plant is successfully delivering reliable power to the Polish grid. PGE’s investments in modern coal-based energy are enhancing the country’s energy security and facilitating a gradual replacement of old capacities in the system with units that are nearly one-third more efficient. The two new units in Opole will bring the country’s CO2 emissions down by 2.5 million tonnes.”

Opole Units 5 & 6 will have an efficiency rate significantly higher than the global average and provide stability to the Polish grid as the country seeks to introduce more renewables. By using locally available hard coal, these two units also deliver energy security for Poland. In addition, Opole 5 & 6 will be equipped with GE’s air quality control systems to meet the latest EU standards in terms of local emissions.

Michael Keroullé, GE Steam Power’s Chief Commercial Officer said, “We are proud to be part of Opole project which will stabilize the Polish grid using best in class technology to support the sustainable energy transition and further development of the renewable energy sources. Each milestone that we reach is a credit to the full consortium. This has been a team effort.” With both units synchronized to the grid, the next milestone is the Provisional Acceptance of Unit 5 which is expected by the end of May.

GE Steam Power’s scope for Opole Units 5 & 6 includes the USC technology, including boiler islands, the turbine islands, air quality control systems, as well as balance of plant. GE is also responsible for overall project management and general design of the technology and parts supplied and supports the consortium members – Polimex-Mostostal, Rafako and Mostostal Warszawa - in their scope of work. 


About GE Steam Power:

GE Steam Power is an industry leader in cleaner power generation, supporting customers with everything from full turnkey plants and upgrades to core operations and maintenance of their coal and nuclear power plants. As today’s #1 steam franchise with more than 30% of the world’s steam turbine capacity, 50% of the world's steam turbines for nuclear power plants and 30% of the world’s boilers, GE Steam Power is delivering solutions that ensure a productive future for coal and nuclear power plants around the world.

·       GE’s MXL2 Turbine Upgrade Will Help Increase Power Output by 30 megawatts (MW) at Azito’s plant in the Yopougon district of the Ivory Coast

·       GE’s Upgrade and Predix Asset Performance Management (APM) Software will Help Improve Plant Competitiveness

·       The Project Marks GE’s First Digital Solutions Order and First GT13E2 MXL2 Full Modules Configuration Gas Turbine upgrade installation in Sub-Saharan Africa 

ABIDJAN, COTE D’IVOIRE / CAPE TOWN, SOUTH AFRICA - May 14, 2019 – With a focus on improving power plant output, reliability, availability and operational performance as well as gaining data and insights for predictive maintenance of assets, Azito Energie S.A. today announced that it has signed a contract with GE (NYSE:GE) to deploy its Predix Asset Performance Management (APM) software for two GT13E2 gas turbines and two generators at the Azito III plant site, located in the Yopougon district of  Ivory Coast. In addition, the companies announced the successful execution of GE’s MXL2 upgrade solution for the first GT13E2 gas turbine, which will increase the plant’s production by 15 megawatts (MWs), which is equivalent power for up to 120,000 homes. The upgrade on the second unit is set to be implemented later in the year.  A first-of-its kind project in Sub Saharan Africa, this flagship upgrade combined with the digital solutions, is paving the way for additional total plant solutions across the region.

“We’re excited that GE’s hardware solutions are helping us to improve our plant competitiveness, modernizing our existing assets and achieving our sustainability goals. It is a strategic move for Azito to support the country’s energy and economic priorities,” said Luc Aye, General manager, Azito Energie S.A. “With plant output already increasing by up to 30MWs with our selection of GE’s MXL2 technology, we are keen on leveraging digital technology and knowledge management to further improve on our plant overall performance. Operational efficiency, reliability and availability of our assets have always been our key focus.”

 GE successfully executed the MXL2 upgrade on the first turbine, compressor and combustor modules without any loss time to injury and a workforce that was predominantly 95% local. Designed to be compatible with all installed GT13E2 units, the MXL2 upgrade combines GE’s latest technology developments and over 10 million operating hours of GT13E2 fleet experience. This upgrade allows operators to benefit from increased efficiency, improved power output, and significantly extended service intervals. This upgrade also helps extend the lifetime of the asset and improve availability of power with fewer C-inspections.

“We are continuing our commitment to invest in and deliver total gas plant solutions for plant operators to add more megawatts on the grid across the region,” said Elisee Sezan, CEO, for GE’s Gas Power business in Sub-Saharan Africa. “The Azito plant will produce more efficient and reliable power for the citizens and the economy, paving the way for additional holistic upgrades across the region,” he added.

Under this contract, the APM software will provide real-time unified visibility into the health of assets critical to the customer —all in one place. It can predict and accurately diagnose issues with greater accuracy before they occur with the help of predictive analytics, while generating the root cause analysis of events and providing a framework for the resolution of identified issues.

“The power industry today is rapidly evolving with fluctuating market conditions — fuel prices, workforce, energy demand and supply among many others, either internally or externally, that affect business operations,” said Narendra Asnani, Commercial Operations Executive for GE’s Power Service business in Sub-Saharan Africa. “These dynamics make data analytics very crucial to the success of business operations. Yet, power operators find it difficult to analyze this data holistically across one or multiple plants and resort to traditional operations, which consists of multiple systems, each designed to measure and monitor in silos. With a vast understanding of this challenge, GE’s decades of power plant technology leadership with digitally-driven solutions helps customers like Azito take advantage of valuable insights and data that deliver innovative business outcomes”.

GE is a historical player and a pioneer in Ivory Coast, particularly in the power sector.

About Azito Energie S.A

Azito Energie S.A. develops, owns, and operates the Azito power plant that produces electricity using natural gas resources in Ivory Coast. The company was founded in 1997 and is based in Abidjan, Ivory Coast. As of November 1, 2010, Azito Energie S.A. is owned by Globeleq Generation Limited and Industrial Promotion Services (West Africa). Azito Operations and Management (Azito O&M), a subsidiary of Globeleq, is operating and maintaining the plant under an operation and maintenance agreement between Azito O&M and Azito Energie.

The clean energy giant is all set to showcase its pioneering energy solutions at the 27th Intersolar Europe Exhibition  
Intends to expand its foothold in European market focusing on its innovative BIPV product HanTile

When paper manufacturers in Vapi, Gujarat, were asked by the state pollution control board to find a solution for the large amounts of non-recyclable plastic waste that the industry generated, they were initially clueless. As things stood, the waste was either finding its way to the landfill or...

Single-use plastic waste is a menacing global issue. The ocean is clogged with an estimated 9 million tonnes of plastic every year, and rivers play a significant role in this problem as they act as conveyor belts for plastic debris flowing into the ocean, according to the National Geographic.


M Ramesh There are two types of solar energy companies in the industry. One, companies who respond to tenders of electricity distribution companies — most of whom are government-owned — and, if they win projects, sell solar power to them over long periods, typically, 25 years. Some examples of...

Country’s utilities and government regulators are focused on aggressive electrification, decentralization, and digitization efforts, report finds

A second structural impediment to fully realizing DER benefits is the current grid planning approach, which biases grid design toward traditional infrastructure rather than distributed alternatives, even if distributed solutions better meet grid needs. Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than proactively harnessing these flexible assets.

Section II demonstrated how California could realize an additional $1.4 billion per year by 2020 in net benefits from the deployment of new DERs during the 2016-2020 timeframe. This state-wide methodology was then applied to the planned distribution capacity projects for California’s most recent GRC request, showing how the deployment of DERs in lieu of planned distribution capacity expansion projects in PG&E’s next rate case could save customers over $100 million. 

Motivated by the challenge faced in designing a grid appropriate to the 21st century, this report first focuses on determining the quantifiable net economic benefits that DERs can offer to society. The approach taken builds on existing avoided cost methodologies – which have already been applied to DERs by industry leaders – while introducing updated methods to hardto-quantify DER benefit categories that are excluded from traditional analyses. While the final net benefit calculation derived in this report is specific to California, the overall methodological advancements developed here are applicable across the U.S. Moreover, the ultimate conclusion from this analysis – that DERs offer a better alternative to many traditional infrastructure solutions in advancing the 21st century grid – should also hold true across the U.S., although the exact net benefits of DERs will vary across regions.

Designing the electric grid for the 21st century is one of today’s most important and exciting societal challenges. Regulators, legislators, utilities, and private industry are evaluating ways to both modernize the aging grid and decarbonize our electricity supply, while also enabling customer choice, increasing resiliency and reliability, and improving public safety, all at an affordable cost.

The share of renewables in overall power generation is rapidly increasing, both in developed and developing countries. Furthermore, many countries have ambitious targets to transform their power sector towards renewables. To achieve these objectives, the structure and operation of existing power grid infrastructures will need to be revisited as the share of renewable power generation increases.

Renewable energy technologies can be divided into two categories: dispatchable (i.e. biomass, concentrated solar power with storage, geothermal power and hydro) and non-dispatchable, also known as Variable Renewable Energy or VRE (i.e. ocean power, solar photovoltaics and wind). VRE has four characteristics that require specific measures to integrate these technologies into current power systems: 1) variability due to the temporal availability of resources; 2) uncertainty due to unexpected changes in resource availability; 3) location-specific properties due to the geographical availability of resources; and 4) low marginal costs since the resources are freely available.

A transition towards high shares of VRE requires a re-thinking of the design, operation and planning of future power systems from a technical and economic point of view. In such a system, supply and demand will be matched in a much more concerted and flexible way. From a technical perspective, VRE generation can be ideally combined with smart grid technologies, energy storage and more flexible generation technologies. From an economic perspective, the regulatory framework will need to be adjusted to account for the cost structure of VRE integration, to allow for new services and revenue channels, and to support new business models.

There are several technological options that can help to integrate VRE into the power system grid: system-friendly VREs, flexible generation, grid extension, smart grid technologies, and storage technologies. New advances in wind and solar PV technologies allow them to be used over a wider range of conditions and provide ancillary services like frequency and voltage control. Flexible generation requires changes in the energy mix to optimise production from both dispatchable and non-dispatchable resources. Smart grid technologies can act as an enabler for VRE integration, given their ability to reduce the variability in the system by allowing the integration of renewables into diverse electricity resources, including load control (e.g. Demand Side Management (DSM), Advanced Metering Infrastructure (AMI), and enhancing the grid operation and therefore helping to efficiently manage the system’s variability by implementing advanced technologies (e.g. smart inverters, Phasor Measurement Unit (PMU) and Fault Ride Through (FRT) capabilities).

Energy storage technologies can alleviate short-term variability (up to 2 Renewable Energy Integration in Power Grids | Technology Brief several hours), or longer-term variability through pumped-storage hydroelectricity, thermal energy storage or the conversion of electricity into hydrogen or gas.

Two immediate applications for deploying innovative technologies and operation modes for VRE integration are mini-grids and island systems. The high costs for power generation in these markets make VREs and grid integration technologies economically attractive since they can simultaneously improve the reliability, efficiency and performance of these power systems. This is, for example, the case of the Smart Grid demonstration project in Jeju Island, South Korea.

Furthermore, the right assessment and understanding of VRE integration costs are relevant for policy making and system planning. Any economic analysis of the transition towards renewables-based power systems should, therefore, consider all different cost components for VRE grid integration, such as grid costs (e.g. expansion and upgrading), capacity costs and balancing costs. Integration costs are due not only to the specific characteristics of VRE technologies but also to the power system and its adaptability to greater variability. Therefore, these costs should be carefully interpreted and not entirely attributed to VRE, especially when the system is not flexible enough to deal with variability (i.e. in the short-term).

Moreover, RE integration delivers broader benefits beyond purely economic ones, such as social and environmental benefits. Even though not straightforward, these externalities should be considered and quantified in order to integrate them into the decision-making process and maximise socio-economic benefits.

Due to the rapid technological progress and multiple grid integration options available, policy makers should build a framework for RE grid integration based on the current characteristic of the system, developing technological opportunities and long-term impacts and targets. In particular, policy makers should adopt a long-term vision for their transition towards renewables and set regulatory frameworks and market designs to foster both RE development and management of greater system variability. Such regulatory frameworks could include new markets for ancillary services and price signals for RE power generators that incentivise the reduction of integration costs.


Presentations were made by CEOs on topics such as regulatory hurdles, energy storage, transmission constraints and low cost and long term funding among others.

​​Companies have alleged that the central utility has unfair competitive advantages given its access to low-cost funds and government support.

IPPAI pointed out that in view of the dominant position of PGCIL reflected in its predatory bid pricing, the ministry should ensure that the low-cost pool of funds raised by the company are not allowed to cross-subsidise TBCB projects.

The project includes drawing of 220 kV Overhead power transmission lines of 15 KM length and setting up of 220 KV Sub-Station (S/S) near Numaligarh Refinery.

Land acquisition and transmission challenge is casting a big shadow on India’s ambitious renewable energy plans.

"The agreement is for batch 13, won at energy transmission auction held by ANEEL ( Brazilian Electricity Regulatory Agency)," Sterlite Power said in a statement.

The agreement will establish a deeper partnership between the two companies with years of experience developing innovative HIL solutions. NI and OPAL-RT plan to deliver powerful FPGA-based solutions that combine NI's flexible and open test platform with OPAL-RT's expertise in high-fidelity power electronics modeling and deployment. NI and OPAL-RT's combined technologies are designed to help customers increase productivity and drive rapid innovation through an efficient workflow built on an open and customizable platform.

"Through this strategic partnership, we will strive to solidify the workflow for test departments to validate today's EV powertrain while we deliver a flexible approach to meet the rapidly changing and high-performance needs of the future," said Chad Chesney, vice president and general manager of the NI Transportation Business. "We believe our combined strengths can provide customers with an innovative test solution that enhances their flexibility and helps them build advanced test competencies on a common platform to generate a competitive advantage for their organizations."

Jean Belanger, CTO and CEO of OPAL-RT, said, "We are very pleased to announce this strategic partnership with NI. We believe this collaboration enables us to develop an end-to-end solution covering the full HIL automotive spectrum, and it offers our clients an economical, modular and scalable solution. The partnership facilitates the development of FPGA-based electrical solvers on popular NI hardware platforms, such as PXI and CompactRIO, which enables us to maintain our focus on cutting-edge HIL technologies."

HIL simulation is well suited for the challenges of developing and testing complex electric drivetrains in electric and hybrid vehicles as well as autonomous transportation systems. It can support test scenarios that are too costly, time consuming or dangerous to test in the real world. It can also enable developers to build a comprehensive database of test results under a well-defined combination of corner case conditions.

Though electric and hybrid-electric vehicles are delivering new levels of versatility and economy, the interactions between electric, electronic and mechanical components are growing more complex and creating problems that are difficult to identify or analyze using traditional test methodologies. Many of these issues can be addressed with real-time HIL simulation. The technology that the NI and OPAL-RT strategic partnership will produce is expected to enable powerful solutions to help customers reduce their electric vehicle test development times, resulting in shorter design cycles and time to market.

About NI
NI (ni.com) develops high-performance automated test and automated measurement systems to help you solve your engineering challenges now and into the future. Our open, software-defined platform uses modular hardware and an expansive ecosystem to help you turn powerful possibilities into real solutions.

Established in 1997, OPAL-RT Technologies develops and markets high-performance real-time simulators used by universities, research centers and large corporations working in the automotive, aerospace, power electronics and power grid industries. Over the years, OPAL-RT has taken its place as a world leader in real-time simulation of electromagnetic systems by providing powerful simulation systems that allow users to develop or test their products or designs in a safe environment. OPAL-RT has offices in France, Germany, India, China and the United States. www.opal-rt.com/ni

All rights reserved. Information may change without notice. CompactRIO, National Instruments, NI and ni.com are trademarks of National Instruments. OPAL-RT is a registered trademark of OPAL-RT TECHNOLOGIES. Other product and company names listed are trademarks or trade names of their respective companies. "Partnership" is not used in its strict legal sense to refer to a business entity.

Beth Williams, Global Public Relations & Social Manager, This email address is being protected from spambots. You need JavaScript enabled to view it.; Audrey Patenaude, Marketing Coordinator, This email address is being protected from spambots. You need JavaScript enabled to view it., T. +1 514 935-2323

SOURCE Opal-RT Technologies

The World Superyacht Awards Gala, organized by Boat International Media, took place in the heart of London, in Old Billingsgate. Nearly 600 guests including superyacht Owners, designers, and builders were on hand for the dinner/ awards event. 

Black Pearl, measuring 106.7-meters in length, is not only the world's largest private sailing yacht, she also has many unique and innovative features such as a state- of –the- art Dynarig sailing system, single- level engine room, and a hybrid propulsion installation with a high capacity battery bank allowing for a regeneration mode when under sail.  With Exterior Design by Ken Freivokh and Nuvolari Lenard, Interior Design by Gerard Villate and Nuvolari Lenard and naval architecture by Dykstra Naval Architects/ Oceanco, Black Pearl is both stunningly beautiful and a technological tour de force.

The 90-meter motoryacht DAR, with edgy exterior styling by DeBasto Design has an unprecedented —nearly 24 tons and 400m2 of exterior glass. Her detailed interior by Nuvolari Lenard works well with the exterior by taking advantage of the extraordinary floor-to-ceiling views from nearly everywhere on board. In addition to head-turning aesthetics and advanced technology, DAR is the first yacht to ever achieve the Lloyd's Integrated Bridge System (IBS) notation.

"We are thankful to all of the team members and myriad individuals responsible for the execution of both of these yachts," says Marcel Onkenhout, CEO of Oceanco. "Moreover, we are thankful for the trust given to us by the Owners of Black Pearl and DAR to build the extraordinary yachts that they envisioned."


SOURCE Oceanco

ANN ARBOR, Mich., May 19, 2019 /PRNewswire/ -- SkySpecs, leading provider of digital and robotic operations & maintenance solutions for the wind energy industry, is excited to announce that Dr. Kyle Wetzel of Wetzel Wind Energy Services will be joining their team as the Vice President of Blade Services. Wetzel brings decades of industry expertise to SkySpecs, and will play a critical role in providing customers end-to-end O&M solutions.  SkySpecs is also actively expanding the capabilities of Horizon, its asset performance management software, to help customers plan and manage operations over the full lifespan of a wind fleet. Digitization of O&M is a priority for the wind industry and SkySpecs is building the next-generation tools and services to make data-driven decisions an industry standard.

"Adding Kyle to our growing team of industry experts was a no-brainer," said Danny Ellis, SkySpecs' CEO. "Kyle's track record in the wind industry is extensive. We've worked with him on many initiatives in the past, and now we will be able to build out far more comprehensive solutions for our customers. Specifically, adding Kyle's expertise in failure analysis and repair methodologies will expand our predictive maintenance solutions.  We are thrilled to welcome him to the team."

SkySpecs entered the market in 2017 as an automated inspection provider using fully-autonomous drones to collect wind turbine blade data. Having inspected over 25 gigawatts on more than 400 wind farms in 13 countries within the last 24 months, the shift to provide full-wrap business solutions for the industry is a clear next step. Employing experts in multiple areas of the industry, developing Horizon, and expanding its engineering services department, the company is poised for another round of rapid growth.

"SkySpecs and Wetzel Wind found ourselves offering complementary services to the same clients," said Dr. Wetzel.  "We recognize that combining our services creates added value for our customers by allowing them to contract with one company to seamlessly manage all of their blade O&M needs.  The decision to merge my engineering services with SkySpecs after 18 years in business for myself, is a statement of how impressed I am with SkySpecs."

Adding additional experts and services to their expanding menu of capabilities is at the forefront of SkySpecs' plans for the remainder of 2019 and beyond. Among these services:

  • End-to-end blade asset performance management
  • Digitization of wind farm operations and repair workflows
  • On-site failure analysis, planning, and mitigation
  • Full-scope repair planning and vendor management
  • Assessment, quality, and control

Dr. Wetzel brings 26 years of experience engineering state-of-the-art energy, aerospace, and defense systems. He is considered one of the international wind industry's leading experts on blade design, manufacturing, and maintenance. Prior to joining SkySpecs, he has provided consulting services to more than 100 clients on four continents.

Visit SkySpecs and Kyle Wetzel at AWEA WINDPOWER convention in Houston, May 20 – 23, 2019, Booth #3821 to learn more about their expanded wind farm O&M and performance management offerings. 

Press and Media Inquiries

Theresa Trevor
This email address is being protected from spambots. You need JavaScript enabled to view it. 


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NEW YORK, May 17, 2019 /PRNewswire/ -- Two power players from the world of retail real estate have joined forces to launch Odyssey Retail Advisors LLC, serving an expanding roster of luxury and lifestyle tenants and developer/landlord clientele. Richard Johnson and Charlie Koniver announced that they have partnered in the new firm, which is an expansion and rebranding of Johnson Retail RE Consulting Inc. Both had formerly worked in real estate for Kering, the global luxury group.

The unified team of advisors brings extensive analytical and planning experience, insight and networks in the upscale retail space, having worked in-house for a diverse group of prestigious brands as well as consulting for tenants, landlords, and developers.

An attorney and member of the New York State Bar, Johnson created Odyssey's forerunner, Johnson Retail, whose clients have included Crown Acquisitions/Wynn Las Vegas, Boston Seaport, Burberry, Stella McCartney, Sergio Rossi, and Clarins. Johnson had served as Kering's head of real estate for the Americas, where he performed site selection, market research and negotiation for the entire portfolio of brands, including Gucci, Balenciaga, Saint Laurent, Volcom, and Puma.

Koniver previously collaborated with Johnson at Kering, as a real estate specialist for the Americas. Together, they helped formulate, implement and execute the brands' real estate strategies across North and South America. Koniver then went on to initiate the internal real estate program at Richemont, where he provided services to brands such as Cartier, Van Cleef & Arpels, Montblanc, Chloé, and others.

"Charlie understands retail from the inside out, having worked with some of the world's most successful brands," said Johnson, managing director and partner, Odyssey Retail Advisors.

"This partnership allows us to combine years of operational experience and superior business analytics with the legal expertise that helps clients thrive in a constantly evolving business environment. We intimately understand the big picture because we also create it."

Koniver, partner, Odyssey, added, "Our firm is uniquely equipped to set strategy for brands, while also identifying new opportunities through our global connections. Odyssey's skill and value lies in comprehensive planning and assessment of real estate, while also maximizing efficiencies, to ensure the optimal outcome for our clients at various stages of a brand's growth cycle. With the constant evolution of the retail environment, Odyssey manages existing lease portfolios, offering strategic insider guidance that goes well beyond transactional-thinking."

In addition, Daniel Lewis has joined the Odyssey team as vice president. Previously, Lewis implemented multiple large-scale projects at Michael Kors in a planning and allocation role. He then focused on tenant and landlord leasing representation at GLA Real Estate, where projects included the Atlanta Braves' mixed-use, ground-up development, The Battery Atlanta.

Odyssey Retail Advisors offers a suite of services tailored to deliver every business objective efficiently and effectively. Services include:

  • Strategic Planning – comprehensive planning and assessment of real estate to develop roadmaps for growth.
  • Site Identification and Market Analysis – matching luxury and lifestyle retailers with the most optimal space in light of business needs and objectives.
  • Project Services – planning, merchandising and leasing of projects for landlords/developers.
  • Financial Evaluation – establishing a plan for locations and developing budgets based on plans, including capital considerations.
  • Negotiation – utilizing experience as both retailers and attorneys to understand the legal as well as economic and non-economic provisions which impact a lease.
  • Portfolio Maintenance – Developing strategies for delivering optimal return on investment by highlighting possible synergies and identifying unnecessary costs.
  • Restructuring & Portfolio Optimization – Working with retailers to enhance performance at lower performing locations and advise on critical decisions.

About Odyssey Retail Advisors

Odyssey Retail Advisors LLC (www.odysseyretailadvisors.com), headquartered at 888 Seventh Avenue in New York City, is a leading retail real estate advisory firm that represents premier global retailers as well as major developers and landlords. Services encompass strategic planning, site identification, in-depth market analysis and project planning, financial evaluation, negotiation, construction and design facilitation, portfolio optimization, and restructuring.

Media Contact:

Jon Lieb/Anita Bell

Thirty Ink


SOURCE Odyssey Retail Advisors LLC

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LONDON--(BUSINESS WIRE)--The global material handling equipment market in the biomass power plant is expected to post a CAGR of more than 7% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global material handling equipment market is the conversion of coal power plants into biomass power plants. Coal has been the dominant source of electricity generation for several decades. It plays an important role in meeting the electricity requirements of most of the industrialized economies. However, the global rise in coal power generation has led to a proportional increase in emission caused by coal power plants. As a result, several countries are shifting their focus from using coal to an alternative energy source such as biomass. It is a carbon neutral fuel as CO2 released by the emission of biomass is readily absorbed by plants. Thus, it has no net effect on the CO2 concentration of the atmosphere. This conversion of coal power plants into biomass power plants will increase the demand for material handling equipment during the forecast period.

As per Technavio, the increasing requirement of managing municipal solid waste will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global material handling equipment market in biomass power plant 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global material handling equipment market in biomass power plant: Increasing requirement of managing municipal solid waste

With the rapid urbanization and the rise in disposable income, the consumption of goods and services is increasing significantly, which drives waste generation. There are several ways of disposing of municipal solid waste (MSW) such as landfilling and open burning, but these methods contribute to significant environmental impact. Thus, efficient management of MSW is essential to achieve sustainable economic growth. WTE power plants can help efficient management of MSW that contains biomass matter such as paper, cardboard, food waste, grass clippings, leaves, wood, and leather products.

“Apart from the increasing requirement of managing municipal solid waste, factors such as the emergence of competing end-user industries for biomass, and the growing activisms against biomass power generation will have a significant impact on the growth of the material handling equipment market in biomass power plant during the forecast period,” says a senior research analyst at Technavio.

Global material handling equipment market in biomass power plant: Segmentation analysis

This market research report segments the global material handling equipment market in biomass power plant by product (digestors, feeder systems, silos and storage tanks, chippers, and grinders) and geographic regions (Europe, APAC, North America, South America, and MEA).

The European region led the market in 2018, followed by APAC, North America, South America, and MEA respectively. However, the APAC region is expected to surpass Europe, in terms of market share during the forecast period. This region has a very high biomass potential as it consists of several agriculture-dependent nations. This leads to the generation of huge quantities of waste from the agriculture sector and is expected to generate a significant amount of biomass electricity. Furthermore, the region has significant potential for biomass generation through effective disposal and processing of MSW waste by WTE plants.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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ATLANTA, May 17, 2019 /PRNewswire/ -- PowerSecure, Inc., a subsidiary of Southern Company, announced an agreement with Compass Energy Platform, LLC (Compass), a new joint venture formed by Navigant and InfraRed Capital Partners.

As an implementation service provider for the local energy project development and finance platform, PowerSecure will develop microgrid solutions for Compass on jointly developed projects. This includes designing, engineering and executing Compass' microgrids needs, as well as operation and maintenance of the units once in service.

"As the nation's leading provider of microgrids, PowerSecure is excited to help assist cities and energy companies build more sustainable and resilient energy solutions," said Eric Dupont, chief commercial officer for PowerSecure. "Moreover, combining the expertise of so many in the energy infrastructure space will make the development, execution and financing of local energy solutions that much easier."

Purchased by Southern Company in 2016, PowerSecure is the largest commercial microgrid developer in the U.S.

About PowerSecure
PowerSecure, a Southern Company subsidiary, is a leading provider of innovative energy solutions to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides energy solutions in the following areas: distributed generation, energy storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed power systems and the integration of distributed energy resources in a sophisticated microgrid. This includes the ability to forecast electricity demand and optimize the deployment of the systems, provides utilities with dedicated electric capacity to utilize for grid resiliency, provides customers with the most reliable power in the industry, and optimizes the value streams to the utility and its customers from the distributed energy resources. PowerSecure has installed and controls over 2-gigawatts of distributed generation systems across the U.S.

About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.

About Compass Energy Platform LLC
Compass Energy Platform, LLC is a development and financing platform designed to help cities prepare for the future through district-scale energy projects that increase environmental and economic resilience. Compass develops and finance every sort of distributed energy asset – generation technologies, including solar, wind, fuel cells, combined heat & power and batteries, combined with microgrids, district heating and cooling, and other smart city assets. The investment model is based on public/private partnership, and commitment to cities includes investment in schools, hospitals, commercial/industrial entities and other key verticals. Compass was developed by two globally-recognized market leaders – InfraRed Capital Partners and Navigant Consulting – combining InfraRed's energy investment experience with Navigant energy advisory expertise to create a new kind of company, one particularly suited to the opportunities and complexities of 21st century energy infrastructure development.

SOURCE PowerSecure

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