As the world moves toward a low-carbon future, the power and utilities industry faces significant financial and reputational risks due to the potential stranding of resources and assets. This transition to carbon-free energy sources could render carbon-intensive assets – such as coal- and gas-fired power plants, coal mines and hydrocarbon
Tag: asset management
Do you remember the 90s? It seemed like every company and organization had some sort of strategic plan that had “2000” in its title. And they were all going to achieve and exceed these Year 2000 goals … if their systems didn’t crash at 12:00:01 on January 1, 2000! So
A few weeks ago, in Northern Virginia, a 30 foot highway sign fell onto I-66 and landed on a passing pickup truck. Fortunately, no one was hurt, but it drew media attention and caused motorists in the area to wonder about the safety of other signs and the transportation network
Water and wastewater treatment plants are among the most complex facilities built and maintained by utility companies, whether public or private. Each facility contains thousands of pieces of equipment worth millions of dollars that must operate in concert for the many complex treatment processes to function effectively. The consequences of these assets