SOURCE: Industrial Info Resources

August 19, 2009 07:01 ET

Outlook for the U.S. Power Generation Industry, a "Navigating the Currents of Change" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - August 19, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Power Generation Industry has sustained a slowdown in project development and loss of capital due to the economic whammy that impacted the industry starting last year. However, with 43,000 megawatts (MW) of capacity under construction, representing $72 billion in total investment value, the industry is as strong as ever. Issues impacting the capital spending trends in the Power Industry are the focus of this week's "Navigating the Currents of Change" webcast, featuring an interview with Britt Burt, VP Power Industry for Industrial Info.

While project cancellation and deferrals have made most of the news this year, a significant amount of new-build project development remains for wind, geothermal, natural gas, coal and nuclear in the Power Industry. "The passage of the stimulus bill has intensified the focus on renewable energy growth, and we will continue to see growth in this segment in the foreseeable future," said Mr. Burt.

New generating capacity from wind, while a little slower this year than last because of a lack of financing and/or transmission constraints, is still moving forward. Geothermal is one of the few forms of renewable energy that can be used for baseload capacity. Industrial Info is currently tracking about 3,000 MW of geothermal capacity in places such as Idaho, Utah and California. "We could see 800 MW per year of geothermal projects begin construction each year for the next three years," Mr. Burt said.

Use of biomass as a fuel is on the rise as well, with 3,000 MW under development, 2,000 MW of which could start construction in 2010. Some coal plants are co-firing biomass or are looking at converting units to biomass.

A significant amount of coal-fired projects are also in development. More than 15,000 MW of coal capacity is under construction right now. The carbon regulatory issue has put a damper on coal project development, but once this issue is settled, a significant increase in project work at coal plants will almost certainly occur.

Click here to listen to this edition of "Navigating the Currents of Change" or to hear many other episodes covering topics important to industry spending, including trends, outlooks and focus segments.

Britt Burt will be presenting the Power Industry Outlook at Coal-Gen 2009 August 19-21 in Charlotte, North Carolina. At Coal-Gen 2009, Industrial Info is unveiling the North American Coal-Fired Power Generating Wall Map - 8th Edition, featuring detailed analyses of the North American coal-fired power generation industry.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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