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Fending Off Forced Power Plant Outages


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Fending Off Forced Power Plant Outages
The changing profile of the power system has added new stressors on conventional power generation and may have raised the potential for forced outages. Addressing them requires a closer look at traditional and emerging risks.
Hidden within the North American Electric Reliability Corp.’s (NERC’s) July–released 2020
State of Reliability report was an underreported bright spot: The annual Weighted-Equivalent Generation Forced Outage Rate (WEFOR) for 2019 stood at 6.97%, falling below the five-year average of 7.16% for the first time since 2015. ....

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Global Oil & Gas Asset Integrity Management Markets, 2020-2025: Convergence of Cloud Technology and Asset Integrity Management Services Presents Opportunities


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ResearchAndMarkets.com s offering.
The global asset integrity management services market size is estimated at USD 19.4 billion in 2020. It is projected to reach USD 24.2 billion by 2025; it is expected to grow at a CAGR of 4.5% from 2020 to 2025.
The major factors driving the market growth include the growing demand for asset integrity management in new offshore fields in deep waters, declining efficiencies of aging assets, and the need for securing operational safety in various industries, such as oil and gas and power. However, factors such as lack of skilled personnel for operating asset integrity management systems and software pose challenges for market growth. ....

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