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Power Industry Webinar: Renewables Dominate Global Activity, but Fossil Fuels Still Needed

Power Industry Webinar: Renewables Dominate Global Activity, but Fossil Fuels Still Needed Industry Segment: Power | Word Count: 1185 Words SUGAR LAND March 11, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) While wind and solar power buildouts are dominating a substantial portion of Power Industry activity across the world, there is a still a need for reliable fossil fuels, and there are some pockets of the globe where power from hydrocarbons still reign as the main player in project activity. In this week s webinar on the outlook for the global Power Industry, Britt Burt, Industrial Info s vice president of research for the Power Industry, and Shaheen Chohan, vice president of Global Analytics, discussed this and other trends.

North American Power Industry Outlook: Spending Takes Dip in 2020, but On the Rise Again

North American Power Industry Outlook: Spending Takes Dip in 2020, but On the Rise Again Industry Segment: Power | Word Count: 797 Words SUGAR LAND January 22, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Like other industries, spending in the Power Industry in North America took a dip in 2020 as several projects were delayed and deferred due to the coronavirus pandemic. Last year started off as having one of the highest amounts of planned spending seen in recent years. However, in the end, less than one-third of this was actually realized coming in about $52.8 billion. This year and 2022 promise to bring both higher spending and higher project realization rates in the industry. In Industrial Info s recent North American Industrial Market Outlook, Britt Burt, vice president of research for the Power Industry, discussed the market drivers and trends affecting the industry in North America.

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