Global Energy, Inc. · Cincinnati, OH United States ·(NASDAQ (GM): GEGT)
Company Description
Phone: 513-621-0077
Fax: 513-621-5947
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This link will open in a new window Global Energy is generating power outside of the box. The alternative energy company creates clean energy solutions using gasification technologies. Gasification and IGCC (Integrated Gasification Combined Cycle) facilities convert carbon fuel sources (including coal, petroleum coke (petcoke), and renewables) into environmentally cleaner energy sources like synthetic gas (SG) and synthetic natural gas (SNG). Through subsidiary Wabash River Energy, Global Energy owns and operates the Wabash River Plant (Indiana), one of only two IGCC facilities in the US. It also owns the Westfield Plant (Fife, Scotland) and is constructing a 540-MW IGCC facility in Lima, Ohio, expected to be operational by 2010. To read the full description, subscribe now.
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Key Global Energy, Inc. Financials
| Company Type | Private - NASDAQ (GM): GEGT Headquarters |
| Fiscal Year-End | December |
| Employees | 44 |
Global Energy, Inc. Executives
21 executives listed for Global Energy, Inc.'s Cincinnati, OH location.
| Title | Name & Bio | Contact |
| Chairman | Jimmie Bowden | Network |
| President, CEO, and Director | Harry Graves | Network |
| COO | Richard Bailey | Network |
Competition
Competitive Landscape for Global Energy, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Global Energy, Inc. Competitors
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