POWER & ENERGY

The Power & Energy industry is facing into a historical sea change driven by increasingly stringent environmental mandates, and the need to operate more efficiently, all while facing “end of life” issues with their existing generating assets. The impact to-date has not only been a direct effect on the long-term economic viability of these companies, but also the communities in which they operate.

Challenges faced by operators in this industry have been driven by and have resulted in:

• The imperative to reduce greenhouse (GHG) emissions upwards of 80 percent by 2050
• Significant climate/clean energy policy momentum in a majority of U.S. states, with likely near-term federal action that will further increase costs and complicate development of fossil-fuel based electricity generation
• Closure of non-compliant coal-fired plants
• Rapid deployment of costly intermittent power, versus lower cost baseload power in response to mandate requirements
• Increased industry reliance on incentivized alternative energy