Reliability is a critical consideration at all times in the electric power industry.
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And now, five years after Enron's collapse, merger and acquisition activity in the electric power industry is really picking up steam.
"Many people who went to work in the electric power industry were there for 25, 30, 40 years, " instructor Rulon Crawford says.
Yet these two large software companies did not have many users in the electric power industry, especially any focused on power generation and grid management.
The stodgy electric power industry is in need of a lot of shaking up.
The DOE said presently less than 10 percent of power electronics is involved in the electric industry, from the generator to the use of the electricity.
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Over the past decade, the U.S. electric power industry has reduced carbon emissions, reigned in demand growth and diversified the portfolio of energy resources used to generate electricity provided by the power grid.
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Thanks to a series of severe storms that clobbered electric-power grids in New York and Connecticut recently, the fuel-cell industry appears poised for a modest to massive growth spurt.
Allan Manne of Stanford University and Richard Richels, who works at the Electric Power Research Institute, an industry-funded policy research group based in Palo Alto, California, have been studying this idea.
Driving those market valuations is the expectation of more growth ahead: Analysts both in industry and in the government anticipate that solar will be the fastest-growing alternative source of electric power over the next 25 years.
The same month he championed a successful bid by a chaebol-heavy consortium under the aegis of the Korean Electric Power Company to provide nuclear power to Abu Dhabi, pulling the rug from under industry leaders in France and Japan.
Electric-power generation, transportation, industry, agriculture, and residential sectors all emitted less greenhouse gas in 2009 than in 2008.
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