Equinor makes changes following fires probes
May 12, 2021 9:15:am
Summary
by: William Powell
Norwegian energy company Equinor has submitted the findings of its internal investigations into fires at Hammerfest LNG and Tjeldbergodden methanol plant – Europe s largest – to the Petroleum Safety Authority (PSA), it said May 12.
Nobody was injured in either but only luck prevented fatalities at the latter, it found, .
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by Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), Cooling System (Air-Cooled, Water-Cooled, and Hydrogen-Cooled), and End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 . As per the report, the global turbo generator industry was pegged at $10.4 billion in 2019, and is anticipated to reach $12.6 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027.
Major determinants of the market growth
Rise in need of continuous & stable power supply, rapid growth in gas power plants, and rapid urbanization & industrialization drive the growth of the global turbo generator market. However, implementation of strict government regulations toward environmental pollution and rapid development in the renewable energy sector hamper the growth. On the contrary, surge in investment in electrification of remote & rural areas is expected to create lucrative opportunit