STOCK TITAN

Emerson to Modernize TVA Power Plant for Reliable, Clean Energy

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Emerson (NYSE: EMR) has been chosen by the Tennessee Valley Authority (TVA) to modernize its Magnolia power plant as part of TVA's $110 million investment plan to enhance digital technologies across its power generation fleet. This initiative aims to improve operations, cybersecurity, and training at the 980-megawatt facility, which generates cleaner energy. The project highlights Emerson's leadership in the power generation industry and is expected to be completed in 2022, ensuring reliable electricity for millions in the Tennessee Valley region.

Positive
  • Selected by TVA for a significant modernization project, enhancing Emerson's market position.
  • Part of TVA's $110 million investment to upgrade digital technologies, indicating strong industry demand.
  • Expected project completion in 2022, aligning with TVA's goals for cleaner and reliable electricity.
Negative
  • None.

PITTSBURGH--()--The Tennessee Valley Authority (TVA) has selected Emerson (NYSE:EMR), a global software, technology and engineering leader, to modernize and optimize its Magnolia power plant that delivers reliable, cleaner electricity to customers. The Magnolia project is part of TVA’s five-year, $110 million investment to install digital technologies across its power generating fleet. Emerson’s software and technologies will support TVA’s efforts to digitally transform the Mississippi plant through advanced operations, enhanced cybersecurity and digital twin-enabled training.

TVA is the United States’ largest public power provider, supplying electricity to companies that serve 10 million people in the seven-state Tennessee Valley region. The 980-megawatt Magnolia plant, in operation since 2003, uses combined cycle technology, generating up to 50% more electricity from natural gas while producing less emissions than other sources.

Reliable, responsible operations are critical to meet the region’s growing power needs, and legacy technologies – which are more expensive and difficult to maintain – present a challenge. Emerson will replace existing systems at the combined-cycle plant with its Ovation™ automation system and software. Digital twin technologies will provide advanced training to operators, enabling them to respond quickly and safely to power generation demands. Robust cybersecurity technologies are integral to Emerson’s comprehensive solution that is designed to enhance and secure operations at the Magnolia facility.

“These upgrades are part of a larger long-term asset strategy to maintain our existing fleet in such a way that we can depend on their operation for years to come,” said Allen Clare, TVA vice president for gas & hydro operations.

Emerson and TVA are using virtual technologies in place of face-to-face interaction to keep the project moving forward during the COVID-19 pandemic.

“TVA is committed to digitally transforming its fleet so it can provide more reliable and cleaner electricity to its customers,” said Bob Yeager, president of Emerson’s power and water business. “Our technologies have allowed us to keep this critical project on schedule and prioritize the safety of communities and operations.”

The Magnolia project is expected to be completed in 2022. TVA provides power to most of Tennessee and portions of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

Emerson has been ranked the leading distributed control systems provider for the global power generation industry, according to Omdia.1

1Omdia, Distributed Control Systems Report, 2020. Market share based on revenue. Results are not an endorsement of Emerson. Any reliance on these results is at the third-party’s own risk.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

This news release and a high-resolution photo are also available online. Visit: https://www.emerson.com/en-us/news/automation/20-12-tennessee-valley-authority-modernization

Follow news from Emerson’s Power & Water Solutions business on Twitter: http://twitter.com/OvationUsers

Additional resources:

Contacts

For Emerson
Denise Clarke
Phone: 512-587-5879
Email: denise.clarke@fleishman.com

FAQ

What is Emerson's recent partnership with TVA about?

Emerson has partnered with TVA to modernize the Magnolia power plant, enhancing digital technologies and operations.

How much is TVA investing in modernizing its power plants?

TVA is investing $110 million in upgrading digital technologies across its power generation fleet.

When is the Magnolia power plant modernization project expected to be completed?

The Magnolia project is expected to be completed in 2022.

What technologies will Emerson implement at the Magnolia power plant?

Emerson will implement its Ovation automation system, advanced cybersecurity, and digital twin technologies.

How does the Magnolia plant contribute to cleaner energy?

The Magnolia plant uses combined cycle technology, generating up to 50% more electricity from natural gas with lower emissions.

Emerson Electric Co.

NYSE:EMR

EMR Rankings

EMR Latest News

EMR Stock Data

71.89B
568.57M
0.34%
80.18%
1.98%
Specialty Industrial Machinery
Electronic & Other Electrical Equipment (no Computer Equip)
Link
United States of America
ST LOUIS