How much money do power generation operators lose a year?

There has not been a single year over the past decade in which power generation operators have not sustained a loss in excess of US$25 million; despite the many millions of dollars invested in risk management and operational safety. To complicate matters, the causes of these losses have become increasingly varied.

What is a containerized generator set?

The durable and robust Containerized Series generator sets are ideally suited for independent power producer (IPP), mining, oil and gas, or any project where harsh conditions, challenging environments and the demand for reliable, continuous remote power exist.

What are the most common types of damage to power generation facilities?

Over the past decade, the most frequent type of damage to equipment at power generation facilities was to gas turbines, steam turbines, generators, and transformers. Losses reflect a range of diferent causes, with some clear patterns emerging, including machinery breakdown, human error, design issues, and aging infrastructure.

What are the causes of energy loss?

To complicate matters, the causes of these losses have become increasingly varied. The technology involved in the industry is becoming ever more complex and inter-linked, while renewable energy, the changing fuel mix, life cycle upgrades, and older station cycling are all adding additional stress to the grid.

Is the power generation industry a high risk industry?

The insurance industry has paid out large sums for power losses stemming from machinery breakdown, fire, natural perils, and business interruption. As a consequence, the power generation industry is often perceived by insurers as being high risk.

What are the most common turbine breakdown losses?

Whether they are wind, water, steam, or gas turbines, a large number of historic machinery breakdown losses occurred within the turbine. Particular vulnerabilities include oxidation, corrosion, high/ low cycle fatigue, thermal mechanical fatigue, rubbing/wearing, and creep fatigue.