Other studies estimate U.S. companies lost $50 million in 1999 because of power quality breakdowns, including a blackout at the Chicago Board of Trade and brownouts in New York City that resulted in the loss of medical research by Columbia University. “We believe the potential of power outages to disrupt the networks that provide e-procurement systems-and possibly undo its benefits-will serve as a strong incentive for intensive investment in power quality and reliability equipment over the next several years,” said LoGerfo. “…This is the fundamental driver behind what we view as the long-term investment opportunity that will ultimately result in a complete overhaul of the way the entire worldwide electric grid is structured.”
ORLANDO-Siemens Power Generation Group has received orders to supply power generation plants, equipment and services from power producers around the world. Total value of these global contracts exceeds $2 billion.