2022 Power Study to Feature Enhancements with a Focus on Sustainability

HSB Solomon Associates LLC (Solomon) is pleased to announce the upcoming Worldwide Power Generation Performance Analysis (Power Study), based on analysis of 2022 operating year data, will feature an increased emphasis on ESG and sustainability, including energy efficiency and water usage. This focus builds on the 2021 study year that introduced new energy thermal efficiency and heat rate predictive modeling.

Solomon has more than 24 years’ experience working with energy companies to design and implement effective power asset optimization practices. Since 1998, more than 10,000 power units have relied on the results of Solomon’s Power Study to better understand their power plant performance.

Energy Intensity Index (EII^®) represents a new and unique approach in the Power Study to identify variations in heat rate (for electric-only producers) and thermal efficiency (for cogenerators). The evaluation considers actual heat rate/predicted heat rate ratio (alternatively, thermal efficiency/standard thermal efficiency for cogeneration and district heating combined heat and power (CHP) assets). The approach is to ‘hold constant’ those elements affecting fuel conversion efficiency performance that are ‘sunk decisions’ and ‘market-driven impacts’, while allowing the EII predictive model to highlight other elements controlled by plant and/or asset management activities.

Since water scarcity is becoming an increasingly important dimension of ESG and sustainability, the Power Study began collecting data on water usage and consumption in the prior 2021 study year.

The 2022 Power Study will have additional ESG information through added enhancements to Solomon’s industrial safety risk analysis.

From the earliest years of Solomon’s annual Power Study, emissions performance has been collected along with cost, personnel utilization, production, and reliability data. In the 2022 Power Study, Solomon is expanding the levels of industrial safety data collection to gain an improved perspective from the data on how personnel safety performance relates to other business indicators, such as spending levels, plant technical reliability performance, and other similar business management parameters.

Insight from the Power Study data helps to answer business planning questions, identify performance gap closure opportunities, and most importantly, uses data to find connections critical to ensuring business performance success. Contact us to learn more.

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