The North American Power Generation industry is facing numerous challenges as we look to rebound from the recent economic crisis. Gencos are facing increased energy demand despite a rapidly aging fleet of generating assets, rising fuel and construction costs, and a lack of skilled workers. Pressures are also mounting to comply with the ever-complicated environmental compliance landscape as consumers are simply demanding power that is cleaner while remaining cost-effective.

Utilities and Private Energy Producers alike must navigate these challenges and craft effective business plans to continue to supply electricity in the most efficient and reliable manner. This is expected to lead to not only the development of new generation, but also the modernization of existing plants. With financing in short supply at the moment for new starts, the focus is on operating existing assets more efficiently through use of new technologies and solutions and more effective management of the limited resources available to the Plant Manager today.