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  • GE Will Replace the Electric Equipment for Companhia Siderúrgica Nacional, One of the Largest and Oldest Steel Plants in Brazil
  • The Upgrade Service Will Help Improve the Plant’s Operation Efficiency and Reliability

Paris – 11 October 2018 — GE Power (NYSE: GE) has recently been selected by Companhia Siderúrgica Nacional (CSN), one of the largest steel producers in Latin America, to replace its converter in the steel plant in Volta Redonda, Brazil.

The Presidente Vargas Steelworks plant, located more than 100 kilometers west of Rio de Janeiro, has an annual production capacity of 5.8 million tons of steel. Inaugurated in the forties, it is also one of the oldest large steel plants in Brazil.

Looking to improve reliability and efficiency of the plant, CSN has chosen GE to provide the steel plant with the new drive system including the 12-megawatt (MW) synchronous motor, the 12-MW generator and one converter to replace the old equipment. The new converter, operating at a frequency of 50 hertz, will be used to feed remaining 50-hertz equipment, as the water pumps will use water from the nearby river for the steel process.

“Our plant, in Volta Redonda, was built back in the ’40s, and certain equipment needs a refurbishment. We trust in GE’s technology and capability to provide such an upgrade service that will help maintain the plant as one of the most productive of the region,” said Douglas Gualberto, Senior Development engineer of Companhia Siderúrgica Nacional.

“Steel goes into everything, from buildings and infrastructure to cars and appliances,” said Gagan Sood, CEO of Industry, Power and Wind, GE’s Power Conversion business. “Our energy-efficient electric machinery can help improve operational efficiency and reliability of the steelmaking process—as is the case for CSN’s steel plant—and help them reap more productivity in the decades to come.”

“GE has extensive experience and know-how in providing electrical equipment that power the world’s steel plants. We continue to serve the industry with more energy-efficient and reliable technology that will help our valued customers to deliver operational excellence,” said Azeez Mohammed, president and CEO, GE’s Power Conversion business.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. To learn more, please visit www.ge.com

About GE Power

GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world.

For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

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For more information, please contact:

Wenlin Jin, GE
Power Conversion, External Affairs
+33 (0)1 85 32 23 94
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Deutsche Energie-Agentur (dena) study examines application possibilities, technical conditions and business models in the energy system

San Ramon, California, October 11, 2018 – GE Power Digital has joined a study to evaluate the use of blockchain technology for energy industry applications. The study – launched by the German energy agency, Deutsche Energie-Agentur (dena) – will investigate whether blockchain applications can be operated economically and reliably in energy industry use cases.

Blockchain is a way to store and exchange data via a simple, distributed, digital ledger. Using this technology, transactions are verified, validated and compiled into blocks in real-time and can then be made autonomous. Unlike alternative digital ledger technologies, blockchain requires no intermediaries. It is distributed, thereby forming a single source of truth environment for any data and value transfer.

Because of these characteristics and the potential value they bring, blockchain’s applications continue to expand, including within the energy industry. The German energy industry is quickly turning into a development hub for blockchain technology due to the growth of distributed energy and the potential for microgrids. According to a 2016 dena survey of energy executives across Germany, more than 80% of respondents believed that blockchain will be a game changer or that further dissemination is likely.

Dena’s study, entitled “Blockchain in the integrated energy transition,” will explore the added value of blockchain compared to alternative systems and determine its technical and economic limits. GE and other study participants have identified use cases – including asset and management and energy trading – and will conduct simulation studies around them. The results will be published by dena in 2019.

“At its foundation, blockchain offers the best conditions for the exchange, validation and documentation of valuable data in an integrated energy system,” says Andreas Kuhlmann, dena’s chief executive. “We have come to a point where it is necessary to verify whether the technology’s potential can be implemented in practice from a technical, economic and legal standpoint. The energy system is a critical infrastructure that must work securely and be protected by digitisation at the information and communication technology level. Blockchain technology can help with that – we want our study to show precisely how.”

“The world’s most powerful utility in 2025 may not exist today. At the very least, it does not operate today as it will in the future. Blockchain is rapidly evolving and has the potential to be an enabling technology for the future grid, and as an industry we should continue to explore its applications,” noted Steven Martin, chief digital officer for GE Power. “By participating in dena’s study, we will experiment to identify the exact qualitative and quantitative value add of blockchain in enabling a decentralized, efficient and intelligent grid.”

For updates on the study progress, visit www.dena.de/de/blockchain.

About GE

GE (NYSE:GE) drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com

About GE Power

GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter and on LinkedIn

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·       GE recognized with 'Engineering Service Provider of the Year' award for 2017-2018 by Delhi International Airport Limited (DIAL), the second consecutive year GE has received this award

·       Per Airports Council International (ACI) ASQ 2017 rankings, the airport ranks as number one in the world for airport service quality 

·       GE Power’s Grid Solutions Services team operates and maintains the main receiving substation, which feeds electrical power to the airport, ensuring 24x7 power supply

New Delhi, India – October 11, 2018–Delhi International Airport Limited (DIAL), a subsidiary of GMR Group recognized GE (NYSE: GE) with the 'Engineering Service Provider of the Year' award for the year 2017-2018.The award was given to GE Power’s Grid Solutions Services team for providing outstanding services to operate and maintain the power distribution system at Indira Gandhi International Airport (IGIA), Terminal 3 in New Delhi, India.

The winners were recommended by an external independent agency that DIAL had appointed to study the key performance indices of all their engineering service providers. This is the second consecutive year that GE has received this coveted award from DIAL.The project is being executed by GE T&D India Limited, listed entity of GE Power’s Grid Solutions business in India.

According to Airports Council International (ACI) ASQ 2017 rankings, the IGI Airport ranks number one in the world for airport service quality. With over 63 million passengers flying through the Delhi airport in 2017, it has now surpassed Changi, Incheon and Bangkok airports in terms of passenger growth. It is now among the top 20 busiest airports across the world and the largest in India.

The airport is managed and operated by DIAL, a joint venture formed as a consortium between GMR Group, Airports Authority of India and Fraport AG & Eraman Malaysia. GMR is the lead member of the consortium. GE was awarded the long-term contract for operating and maintaining the power distribution system of the airport by DIAL in May 2010. The scope includes maintenance of 66/11 kV electrical distribution network, medium voltage diesel generating sets for the emergency backup and a fully SCADA controlled automated system.

In commenting about this achievement, Sunil Wadhwa, Managing Director - GETDIL and Regional leader for Grid Solutions in South Asia said,“We are pleased that DIAL is satisfied with our services. Our team has been working 24x7 - for 8 consecutive years now - to ensure uninterrupted power supply for one of the fastest growing airports in the world in terms of passenger traffic. Their relentless dedication to provide best-in-class customer service is nothing less than exemplary. This award is a huge motivator for the team.

“It is a great honor to receive this award from DIAL, the admiration is mutual. We are glad that we have been a part of DIAL’s exemplary journey to reach the number one spot in the world in terms of service quality,” said Elisabeth Benedetto, Global Leader of Services for GE’s Grid Solutions business.

“Consistent and uninterrupted power supply is very critical for the airports to manage their 24x7 operations. IGIA is one of the busiest airports in the world, hence the continuity of power supply becomes even more critical. With such high stakes, it is really a matter of pride for us to be able to matchup to customer’s expectations in service standards and to be recognized by them through this award.” – Rajan Saxena, GE Grid Solutions Services Leader for South Asia.

-ends-

Notes to Editors:

About GE:
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.www.ge.com

About GE Power

GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter  and on LinkedIn.

About GE T&D India Limited:
GE T&D is the listed entity of GE Power’s Grid Solutions business in India. With over 100 years of presence in India, GE T&D India is a leading player in the Power Transmission & Distribution business - A product portfolio ranging from Medium Voltage to Ultra High Voltage (1200 kV) for Power Generation, Transmission and Distribution, Industry and Infrastructure markets.

GE T&D India has a predominant presence in all stages of the power supply chain and offers a wide range of products that include Power Transformers, Circuit Breakers, Gas Insulated Switchgears, Instrument Transformers, Substation Automation Equipment. Digital Software Solutions, Turnkey Solutions for Substation Engineering & Construction, Flexible AC Transmission Systems, High Voltage DC & Services suite of offerings. With 3000+ employees and 6 manufacturing sites, GE T&D India is future ready to meet the growing demands for equipment and services. GE is focused towards on introducing Green and Digital Solutions aimed towards making the Indian Grid smarter and environmental friendly. 

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HOUSTON—October 10, 2018—Decentralization, digitization and decarbonization continue to drive dynamic change across the global energy industry as detailed in GE Power’s (NYSE: GE) white paper, Reimagining Our Electricity Future. Renewable sources of power have grown at double-digit rates for more than a decade and will likely continue to do so. Given the unique and growing needs for flexibility to balance the grid, GE Power sees significant opportunity for its Aeroderivative business and announced that it is investing more than $200 million in the business over the next three years across new product introductions and services capabilities. This commitment is focused on its Houston Service Center and on broadening its Cross-Fleet solutions to repower other original equipment manufacturers’ (OEM) aeroderivative and heavy-duty gas turbines.

According to a 2016 study by Technavio, the global aeroderivative gas turbine industry is expected to grow at an annual rate of nearly 5 percent between 2016 and 2020, and aeroderivative turbines are likely to become the go-to technology to provide balancing services for renewable energy. These mounting power imbalances are increasingly forcing conventional generators to operate in a more flexible manner, ramping more frequently to balance intermittent renewables and provide grid-firming services. Given this crucial role in power infrastructure, downtime can be expensive, and it's critically important that operators have plans in place to ensure continued operations and minimal lost time for maintenance and repairs.

“As one of the world’s largest manufacturers and suppliers of gas turbine technology, GE is committed to developing the best aeroderivative turbine solutions, which are uniquely positioned to provide the flexible power generation our customers need in such a complex and dynamic environment,” said Martin O’Neill, general manager of Aeroderivative Gas Turbine Services for GE’s Power Services business. “Consequently, it is critical that we continue to inject new investments to create services solutions for greater flexibility, reliability and performance and make these solutions available to power producers and industrial operators with non-GE equipment.”

Cross-Fleet Repowering with GE’s Aeroderivatives Gas Turbines


GE has extended its Cross-Fleet solutions to repower gas turbines manufactured by competing OEMs, such as Siemens, Rolls Royce, Pratt & Whitney, Westinghouse and Mitsubishi, with GE’s aeroderivative technology. GE unveiled that it’s already achieved more than $15 million in backlog for Cross-Fleet repowers using GE aeroderivative technology.

This latest development benefits from the company’s 40 years of experience in the aeroderivative business—that’s based on GE Aviation’s heritage—as well as the extensive steam turbine, generator and heat recovery steam generator capabilities and expertise GE acquired from the acquisition of Alstom’s Power business in November 2015, including the capacity to service equipment manufactured by different OEMs.

“I’m very pleased that we’ve already inked agreements to advance the performance and serviceability of other OEM’s aeroderivative gas turbine fleets,” continued O’Neill. “We’ve performed repowering projects with aero gas turbines on Siemens, Rolls-Royce and Pratt & Whitney units in several countries, including Jamaica, Australia, the Netherlands, as well as on an offshore platform in the North Sea.”

This announcement comes on the heels of GE’s announcement in May when it unveiled Cross-Fleet solutions for other OEM gas turbines, including Siemens’ and Mitsubishi’s SGT-800 and 501F units, and $200 million of orders backlog.

Houston Service Center

Continuing its journey to world class performance, GE Power is investing in capabilities to services units faster at its Houston Service Center (HSC), GE’s largest service center for LM aeroderivatives. Last year, the center applied over 340,000 person-hours to support customers with a broad range of engine overhauls, module upgrades and repairs; supporting more than 470 plant operators in over 60 countries. With today’s commitment to increased investment, the site will improve facilities and shop flow adding approximately 40 jobs, investing in digital capabilities and processes to service more than the current 500 engines and modules per year—more volume than any other GE repair center.

As noted by Rick McPherson, plant manager of Walnut Creek power plant, operated by NRG: “Last year, we sent a supercore module to GE’s Houston Service Center for repair. Management and the technical staff provided an accurate schedule and ‘gate’ updates as the repairs progressed through the system. With a startup time of fewer than 10 minutes, our flexible fleet of aeroderivatives is well-suited to support California's ambitious renewable energy goals. Going forward, we will continue to work with GE’s team at the Houston Service Center.”

In 2018, Walnut Creek’s ownership switched to Clearway Energy as part of NRG’s transition plan to reduce debt. The Carlsbad Energy Center will continue to be owned by NRG until the project goes commercial later this year. Both plants will continue to be operated by NRG.

In addition, GE Power decided to make investments to ensure that its aeroderivative technologies continue to grow as an essential part of the generation picture for their customers, such as Southern California Edison (SCE). GE Power worked with SCE to co-develop the Hybrid gas turbine, which has been in operation for close to a year. With GE aeroderivative and energy storage technologies, SCE’s site has realized a 60 percent reduction in greenhouse gas emissions and 50 percent fewer starts. 

About GE

GE (NYSE:GE) drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com

About GE Power

GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter  and on LinkedIn.

About GE’s Power Services

GE’s Power Services, headquartered in Baden, Switzerland, delivers world-class service solutions for our customers across total plant assets and their operational lifetimes. This organization supports 2,800+ customers worldwide with an installed base of 28,000+ power generation assets across 90+ brands of power generation equipment and taps into the Industrial Internet to improve the performance of our solutions over the entire life cycle through the power of software and big data analytics. Follow on LinkedIn at GE’s Power Services or visit website at www.ge.com/power/services.

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With the implementation of the Smart Cities Mission moving forward in a phased manner and technology forming the backbone of smart cities’ architecture and governance, one of the major challenges identified for the future is cyber security.

“There cannot be a smart city before it being a safe...

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.

Source: IEA-ETSAP and IRENA

Sterlite group CEO Pratik Agarwal said the country will soon need to award tenders for large transmission lines, on the lines of Green energy corridors.

The company got two orders totalling Rs 644 crore for design, supply and construction of 500 kV and 230 kV transmission lines in CIS and Africa region, respectively.

The 400 kV line is the final leg of a 465-km transmission system that has been built at an investment of ?2,400 crore, the company said in a statement.

Wind power tariffs climbed in the latest auction of 1,200 MW of projects, reflecting concerns by developers over higher costs of transmission.

R-Infra said that it had received approval from all regulatory authorities - Competition Commission of India (CCI), shareholders of the company, Maharashtra Electricity Regulatory Commission, and others for the sale.

Last week, Reliance Infrastructure had defaulted on payment of redemption of non-convertible debentures (NCDs) amounting to Rs 133.38 crore.

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, announced today that it has entered into a service agreement with Smith International Gulf Services, LLC (“SIGS”) to support the deployment of its flagship wellbore conditioning tool, the Drill-N-Ream® (“DnR”), in the Middle East. A unique drilling technology, the DnR enables more efficient, cost effective drilling and, by concurrently conditioning the wellbore, it also simplifies getting casing to bottom.

Troy Meier, Chairman and Chief Executive Officer, commented, “This agreement represents a vital step in the establishment of our Middle East business. As we approach the end of our one year market development research effort and look ahead to gaining market share in the region, local repair and servicing capability is a necessity. SIGS has a great reputation and this agreement enables us to rapidly deploy field service facilities throughout the region by leveraging their extensive regional experience and infrastructure. Importantly, we are impressed with their expertise and are confident they will uphold our high quality standards. This is a key agreement for us as we are very excited about the potential in the Middle East market.”

Under this agreement, SIGS will provide warehouse space, workshop facilities and personnel, and tool damage evaluation and repair in accordance with SDP’s quality standards. Logistical services also include import/export management, tool storage and dispatch to end users. Initially, services will be provided in Dubai, UAE with expansion options into Saudi Arabia and Kuwait. SDP will provide SIGS with the knowledge and training necessary to service and refurbish DnR tools to SDP’s standards. The agreement has an initial one-year term and will automatically renew until terminated by either party. Specific pricing for the various services to be rendered is currently being reviewed.

Established in 1974, SIGS is a prominent oilfield products and services provider in the Middle East and Asia. SIGS has earned a reputation for providing quality high precision work that includes drilling tool repair among a wide array of offered services. SIGS has Machine Shop Service centers in Dubai, Kuwait and Saudi Arabia.

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented StriderTM oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.

Safe Harbor Regarding Forward Looking Statements

This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, regarding our strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management, are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. Certain statements in this release may constitute forward-looking statements, including statements regarding the Company’s financial position, market success with specialized tools, effectiveness of its sales efforts, success at developing future tools, and the Company’s effectiveness at executing its business strategy and plans, to include expansion into the Middle East. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the status of the oil & gas industry, geopolitical events, the environmental effort to reduce the use of carbon based energy, our business strategy and prospects for growth; our cash flows and liquidity; our financial strategy, budget, projections and operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein.

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.

“Cree is committed to increasing and accelerating the adoption of silicon carbide-based solutions throughout the semiconductor industry. This customer’s importance to the power device industry is well known, so partnering with a leading power semiconductor company such as this is another big step in that commitment,” said Gregg Lowe, CEO of Cree. “We are extremely pleased to help drive adoption of silicon carbide in even more applications. As the world leader in silicon carbide, Cree is continuing to expand capacity to meet market demands with our industry-leading wafer technology to help achieve a new, more efficient future.”

Wolfspeed, A Cree Company, is the global leader in the manufacture of silicon carbide wafers and epitaxial wafers. The supply agreement, to be fulfilled through a Cree distributor, enables silicon carbide applications in broad markets such as renewable energy and storage, electric vehicles, charging infrastructure, industrial power supplies, traction and variable speed drives.

About Cree, Inc.:

Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors, lighting class LEDs and lighting products. Cree’s Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree’s LED product families include blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and electronic signs and signals. Cree’s LED lighting systems and lamps serve indoor and outdoor applications.

Please refer to www.cree.com for additional product and Company information.

Forward Looking Statements:

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that we may be unable to manufacture these products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our capacity to supply these products; customer acceptance of our new products; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 24, 2018, and subsequent filings.

Cree® and Wolfspeed® are registered trademarks of Cree, Inc.

WASHINGTON--(BUSINESS WIRE)--Washington Gas today joined the Junior Achievement (JA) of Greater Washington for the grand opening of JA Finance Park® in Montgomery County, Maryland. Together with local elected officials, corporate sponsors, students and faculty, the event celebrated the ongoing success of JA Finance Park® to provide an innovative and interactive environment for middle-school students to learn personal finance literacy skills and the economics of life for the 21st century.

The new state-of-the-art facility, located on the fourth floor of the Thomas Edison High School of Technology in Silver Spring, is the second JA Finance Park® to launch in Maryland and is expected to host approximately 12,000 students from 40 different middle schools every year, with the support of 2,200 community volunteers. The center features multiple educational storefronts and kiosks where students can engage with experts and educational tools to gain an understanding of managing money effectively and efficiently, including through use of digital technology, in a variety of everyday scenarios.

Washington Gas collaborated with Pepco to create the “YOUtility Challenge” storefront which offers students a dynamic setting to learn how to properly budget energy costs using real-life scenarios in a full-day curriculum. To add fun to the energy education experience, YOUtility showcases an interactive 3D simulated home with visibility into how natural gas and electricity function to power critical appliances in multiple rooms. A touchscreen video game also lets students gauge their knowledge of the many ways houses use energy and presents helpful tips and techniques about energy efficiency and lowering energy costs.

“Washington Gas has served the DC-area for 170 years, and we are thrilled to support education initiatives in the local community that empower the next generation of professionals with skillsets that prepare them for a successful future,” said Adrian Chapman, President and Chief Executive Officer of Washington Gas. “We applaud Junior Achievement for encouraging today’s youth to be financially astute. The lessons learned at the center will help them at home, in the classroom and eventually in the workplace, and we look forward to sharing our diverse energy expertise and volunteer hours to teach participants best practices in the energy industry.”

The YOUtility Challenge sponsored by Washington Gas and Pepco is also available at the JA Finance Park® in Prince George’s County, which was introduced in the fall of 2015 in Landover and serves approximately 9,000 students annually.

“JA Finance Park® offers future generations of Montgomery County leaders what it takes to own their economic success, plan a career path and make smart academic decisions,” said Ed Grenier, President and CEO of Junior Achievement of Greater Washington. “We are excited to open our second location in the state of Maryland and appreciate loyal energy partners such as Washington Gas for their continued time and resources. We share a commitment to inspire today’s talented youth to overcome the challenges of managing their own finances and to help them value our training for a lifetime.”

Junior Achievement, the world’s largest organization dedicated to educating students from kindergarten to 12th grade about the fundamentals of finance, work readiness, and entrepreneurship, has reached more than 8 million students in 100 countries worldwide, and the group’s greater Washington area presence in 17 counties includes the District of Columbia.

There are 21 Finance Park® facilities in the nation. Throughout the DC region, more than 120,000 students have graduated from the Finance Park® program, with more than 2.5 million instructional hours dedicated to the cause, and 165 schools representing 10 school systems. To learn more, visit www.myJA.org.

About WGL and Washington Gas

The WGL family of companies—Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas—are now indirect, wholly-owned subsidiaries of AltaGas Ltd [TSX:ALA]. WGL is headquartered in Washington, D.C., and is a leading source for clean, efficient and diverse energy solutions. With activities and assets across the U.S., WGL provides options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency. Our calling as a company is to make energy surprisingly easy for our employees, our community and all our customers. Whether you are a homeowner or renter, small business or multinational corporation, state and local or federal agency, WGL is here to provide Energy Answers. Ask Us. For more information, visit us at wgl.com and @wglanswers.

WGL’s regulated natural gas utility, Washington Gas, provides safe, reliable natural gas service to more than 1.1 million customers in the District of Columbia, Maryland and Virginia. The company has been providing energy to residential, commercial and industrial customers for 170 years. Visit us at www.washingtongas.com and follow us on Twitter @washingtongas.

BASEL, Schweiz--(BUSINESS WIRE)--Innolith gab heute einen Durchbruch in der Akkutechnologie für Stromversorgungsnetze und Industrieanwendungen bekannt: Der Energiedurchsatz über die gesamte Lebensdauer konnte im Vergleich zu herkömmlichen Akkus mehr als verdoppelt werden. Bei Verwendung in einem Innolith GridBank-System erreicht die neue Akkutechnologie einen lebenslangen Durchsatz von über 60 GWh bei 50.000 Zyklen. Diese Technologie sorgt somit für erhebliche Kostensenkungen beim Einsatz von Akkus in Stromversorgungsnetzen.

Diese bahnbrechende Leistung bedeutet, dass der Preis für Akkus von Innolith jetzt zwischen einem Drittel und einem Zehntel pro Zyklus der konventionellen Li-Ion-Akkus beträgt. Folglich können mehr Akkus zur Nutzung erneuerbarer Energien eingesetzt werden. Außerdem sorgen sie durch Frequenzregelung für ein stabiles Netz und bieten weitere Netzdienste.

„Der höhere Durchsatz wurde durch Kombination einer höheren Zellenleistung und einer langsameren Akkualterung erreicht“, erläutert Markus Borck, Chief Engineer von Innolith AG. „Unsere Entwicklungsarbeit hat zu einem Durchbruch geführt, weil wir es geschafft haben, die Leistung in den Zellen zu steigern und den allmählichen Verlust der Energiekapazität zu verringern.“

Die höhere Leistung und die geringere Alterung der Innolith-Zellen wurden u.a. durch eine Überarbeitung der Zellenchemie und -materialien erreicht. Durch das parallele Experimentierkonzept, das erstmalig in den Labors von Innolith in Bruchsal, Deutschland, eingesetzt wird, kann das Entwicklerteam bis zu 1.500 Experimente gleichzeitig durchführen.

Über Innolith

Die Innolith AG ist ein Energietechnologieunternehmen mit Sitz in Basel (Schweiz), das eine innovative anorganische Akkutechnologieplattform zur Bereitstellung von leistungsstarken, langlebigen und sicheren Akkus entwickelt hat. Innolith unterhält sein primäres Forschungszentrum in Bruchsal (Deutschland), und seine Technologie wird bereits im PJM-Stromversorgungsnetz in den USA zur Frequenzregelung eingesetzt.

Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab.

BELLEVUE, Wash.--(BUSINESS WIRE)--And America’s Un-carrier is crushing it on the environmental front, too. T-Mobile (NASDAQ: TMUS) today announced it has signed on to Puget Sound Energy’s (PSE) Green Direct program, giving the company access to a blend of local wind and solar renewable energy sources, which will be used to power its Bellevue, Wash., headquarters with 100% renewable energy by 2021. This move will help the Un-carrier save millions of dollars in energy costs, while also putting it one step closer to its RE 100 clean energy commitment to use 100% renewable energy across the entire company by 2021.

“At T-Mobile, we really mean it when we say we're going to clean up wireless for good … and in this case that means cleaning up our impact on the planet by making a BIG commitment to renewable energy,” said John Legere, CEO of T-Mobile. “We've put a stake in the ground to go 100% renewable by 2021 -- because it's the right thing to do and it's smart business.”

T-Mobile is the only wireless company to be approved by the Washington Utilities and Transportation Commission in the second round of offerings for PSE’s Green Direct program. With Green Direct, T-Mobile will purchase clean energy from dedicated local wind and solar energy resources, with the solar project being the largest ever built in the state of Washington.

As the company pushed forward with its already-strong commitment to renewables, it was also recognized by both the Environmental Protection Agency (EPA) and Center for Resource Solutions (CRS) for its industry-leading green energy initiatives.

At the Green Power Leadership Awards in Houston, the EPA recognized the Un-carrier for “exemplary action and dedication to significantly advance the development of U.S. renewable energy markets through voluntary green power use.” Plus, the CRS also named T-Mobile “as an industry leader that is innovating and championing renewable energy and whose actions are supporting the accelerated development of green power markets.”

“T-Mobile’s choosing green power because it makes sense for the planet and for our customers — plus it's helping grow America’s green energy market big-time,” said Legere. “I'm incredibly proud of our team for earning recognition for their hard work -- but there's lots more to be done and you can be sure, we won't stop!"

For more information on TMO’s Sustainability efforts, visit: www.t-mobile.com/responsibility/sustainability.

About T-Mobile US, Inc.

As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. Our advanced nationwide 4G LTE network delivers outstanding wireless experiences to 75.6 million customers who are unwilling to compromise on quality and value. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information, please visit http://www.t-mobile.com.

LAS VEGAS, Oct. 16, 2018 /PRNewswire/ -- On the heels of its May 2018 announcement that it had secured the largest clean energy investment in Nevada's history, NV Energy today issued a request for proposals (RFP) that could add an additional 350-megawatts or more of new, renewable energy projects.    

The request for proposals issued today includes the opportunity for developers and suppliers to integrate battery-energy storage systems and can provide enough carbon-free electricity to power more than 200,000 additional Nevada homes. The new renewable resources must be built in the state of Nevada. 

"This newest effort keeps NV Energy on the path to achieving our longer-term goal of serving customers with 100% renewable energy," said Doug Cannon, NV Energy President. "Similar to the 1,001-megawatts we announced with Governor Sandoval in May of this year, we expect these new projects to provide both construction and permanent jobs and significant direct economic benefits." 

The request for proposals seeks solar, geothermal, wind, biomass and biogas technology projects that are compliant with Nevada's existing renewable portfolio standards. For this second 2018 RFP request, NV Energy will consider supplemental battery energy storage systems that are integrated with the proposed renewable energy resource. Projects will be competitively evaluated on a number of factors, including the best value to customers of NV Energy and the creation of economic benefits for the State of Nevada. 

"Over the last nine years, NV Energy has more than tripled its in-state renewable energy production," said Dave Ulozas, NV Energy Senior Vice-President, Renewable Energy and Origination. "Our successful efforts to secure 1,001-megawatts of renewable energy earlier this year shows we are committed to obtaining renewable projects that make sense for our customers. This lowest cost renewable energy directly benefits our customers and protects them against the risk of increases in the price of natural gas that is used to generate electricity."   

NV Energy requests that all parties interested in becoming a bidder for this opportunity register on the company's website and follow each of the directives under the "Steps to Complete" section of the website.

NV Energy will hold a pre-bid conference for the 2018 Fall RFP at the NV Energy office in Las Vegas (6226 W. Sahara Ave.) on October 30 from 10 a.m. - noon. To attend in person or to be invited to the webinar, please fill out the conference registration form located on the RFP website.

Bids are due December 10, 2018. Projects proposed by successful bidders would require the approval of the Public Utilities Commission of Nevada. 

About NV Energy

NV Energy provides a wide range of energy services to 1.4 million customers throughout Nevada and more than 43 million tourists annually.  NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. For a list of NV Energy's renewable resources, click here.  Information about NV Energy is available on the company's website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.                                       

SOURCE NV Energy

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WITHSTANDING HARSH OPERATING CONDITIONS

Hohhot Co., Ltd. operates a pump-storage plant (PSP) in Inner Mongolia, China, that supplements a wind farm and provides peak demand power, supplemental power capacity when production is reduced, and energy storage for stand-by emergency power and frequency regulation.

The operating conditions of the Hohhot PSP are harsh and required a specific design of pump turbines and motor-generators that includes:

Higher stability while operating over a large head range
Ability to withstand load and thermal cycles due to frequent starts and stops
Higher availability to cope with demand from the grid.


OBLIQUE ELEMENTS TO ENHANCE PERFORMANCE

GE installed four reversible, 306 MW Francis pump turbines and motor generator units at the PSP plant, and furnished technical and quality support for the unit equipment.

The motor generator’s upper bracket, rotor spider and stator frame were equipped with patented oblique elements that allow thermal expansion without moving parts, resulting in a maintenance free solution. Since this greatly reduces element fatigue and permits smaller clearances, the generators are more compact, efficient and reliable.

The maintenance-free oblique elements increase generator lifetime and—given their smaller foundation – decrease construction costs.

 

ACHIEVING DESIRED PARAMETERS

The PSP entered commercial operation in 2014 and the customer uses the plant to complement their wind farm production, as well as to provide the electrical network with power for peak demand, supplemental power for periods of reduced production, energy storage for emergency power stand-by and frequency regulation.

Courtesy GE Renewable Energy

The Solar Energy Industry Association (SEIA) recently concluded a year-long series of white papers examining state-level efforts to modernize the American utility grid. As we’ve previously explored, the creation of a stable, sustainable electric grid is a vital step towards a future in which consumers have greater choice over the source of their power.

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