From the core: Navigating thermal energy challenges
Thermal power plants continue to face scrutiny on environmental impacts, water resource concerns, economic challenges for existing plants, and location limitations for geothermal opportunities. The role of thermal power generation is shifting like never before, however. Once it provided baseload electricity for many markets. Now, with the integration of renewables, thermal power plays a major role in steadying a grid. It is a reliable backbone for energy generation. Trends in the market are driving thermal power generation to be more cost effective and generating companies want to make the most of their assets and do so in a way that moves away from carbon-intensive technologies, towards cleaner fuels and are socially responsible. Evolving government regulations are also having a positive impact on how we design and construct thermal plants.
Our commitment to tackling climate change, to cleaner and more affordable thermal power, pushes us to challenge the status quo—the conventional ways thermal power generating plants used to be designed, built, and operated. Today, modern thermal power stations must be agile and flexible to meet the demands of the changing market. That's what successful energy projects now must deliver: the right technology, together with the best fuel source, high efficiency, and a design that meets current energy, environmental, and social regulations. All this, and strong project economics, too.
