Greenville and Schenectady are working these plants out of work. Sooner than you think the plants will close for good.
12 replies (most recent on top)
@3tvy If the turbines don't run as much, there will be less wear on the generator fleet, too, and less need to repair or replace your stuff, too. Red and blue shops are in the handbasket together.
Greenville maybe, Red States hate the sh-- out of us.
In other news, the fish are still biting.
Rising natural gas prices will finish off demand for new gas turbines. You've been warned.
Fake News. This poster seems to believe the world will run solely on Renewables yet fails to mention the sun doesn't always shine and the wind can fail to blow, not to mention is best is the mid-west and demand is hundreds if not thousand of miles away. Also, no forecast shows anything other than Gas remaining stable or growing in the next 20+ yrs. We will still build gas turbine, less steam turbines so expect factory consolidation but not the closing of Greenville & Schenectady.
Mas layoffs in GE Power on the way.
This change is exponential and is a black swan. Most were thinking the change out of Solar and Wind of Fossil Fuels would be Linear. They are not expecting an exponential change.
https://www.greencarreports.com/news/1110677_soaring-growth-of-solar-power-demonstrated-in-one-chart
https://www.exponentialinvestor.com/energy/top-6-renewable-energy-investments-for-2018/
https://energytransition.org/2018/01/analysis-how-developing-nations-are-driving-record-growth-in-solar-power/
https://www.willistowerswatson.com/-/media/WTW/PDF/Insights/2017/12/WTW-Power-Renewables-Market-Review-2017.pdf
There is a large scale pivot to renewables that make the products that Schenectady and Greenville build less relevant now. Just one customer, Duke, is adding 3GW more of solar and wind capacity this year, and no gas turbines. Nearly all of the large size gas turbines that the market wants have already been built. Most future business for gas turbines is smaller scale units to fill capacity gaps here and there, and the sale of transactional and multi year contract service agreements.
I'm sure the buggy whip manufacturers said the same thing. Burning fossil fuel to push current through wires is just as obsolete now.*
- unless you're China, in which case you burn coal.
That'll never happen.... less demand =less employees but they won't close in our lifetime.
The orders aren't coming up for Greenville. The sales team isn't even trying at this point. They are going to finish up what they have and then wind it down. The heavy metal isn't cool again after all. Customers want something like a 501F, not HArriet the elephant.
I have been feeling the same thing but can you share how you know this?