Gas turbine sales falter in the face of renewable energy gains

first_imgGas turbine sales falter in the face of renewable energy gains FacebookTwitterLinkedInEmailPrint分享Financial Times:Natural gas is still often described as “the fuel of the future”. If you are selling turbines for gas-fired power generation, it cannot feel that way. Sales of gas turbines have fallen sharply, under pressure from low-cost renewable energy, and are expected to remain weak for at least another couple of years.While the market has been shrinking, it has also been becoming more competitive. For the largest and most advanced turbines, bought by utilities and other power producers, there are only three significant manufacturers: General Electric of the US, Siemens of Germany and Mitsubishi Hitachi Power Systems of Japan.GE has for decades been the market leader, but this year MHPS, which is 65 per cent owned by Mitsubishi Heavy Industries and 35 per cent by Hitachi, has been having a run of success, reporting a 40 per cent market share in the first six months of 2018.The ebb and flow in the market is a sign of intense competition for a diminished number of orders. In 2011, manufacturers sold gas turbines with a total generation capacity of 71.6 gigawatts, according to McCoy Power Reports. Last year, the market was less than half that size at 34.4GW, and this year it is expected to be smaller again at about 30GW.More ($): Gas turbine competition heats uplast_img read more

Guyanese charged with falsifying US passport application

first_imgA federal grand jury returned an indictment charging Joseph Fedrick, 42, of Guyana, with falsifying an application for a United States passport, US Attorney William J Ihlenfeld II, announced.Fedrick executed an application for a United States passport in Berkeley County, West Virginia. Within the application, Fedrick attempted to use a false social security number with the intent to secure the passport fraudulently.Fedrick is charged with one count of “False Statement in Application for Passport.” He faces up to 10 years in prison and up to 0,000 in fines. Under the Federal Sentencing guidelines, the actual sentence imposed will be based upon the seriousness of the offences and the prior criminal history, if any, of the defendant.Assistant US Attorney Shawn M Adkins is prosecuting the case on behalf of the Government. The Department of the State Diplomatic Security Service and the United States Department of Homeland Security are investigating.An indictment is merely an accusation. A defendant is presumed innocent unless and until proven guilty. (US Department of Justice)last_img read more