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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    bp to invest up to £18 billion in UK energy system by 2030

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    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    VSB Group Expands in France with Acquisition of 143.5 MW Wind Power Portfolio

    Norway to invest in renewable projects in developing countries

    Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

    China installed 48.2 GW of new solar capacity in 2020

    Solek Group signs deal to build solar power plants in Chile

    Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules

    TotalEnergies to Acquire SunPowers Commercial & Industrial Solar Business

    Vattenfall Wind

    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Velto Renewables supports the 360 MW offshore wind farm London Array

  • Market Moves
    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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    GE’s digital power transformers selected for multiple projects across the globe

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TVA launches Inventory Analysis and Optimization initiatives

in News, Nuclear Power

The Tennessee Valley Authority (TVA) has recently launched a new major project to challenge the culture of procurement in the business.

As a result of reduced budgets and demand for nuclear in the US, many of the country’s top utilities have new initiatives to streamline spend throughout supply chain operations. Whilst organizational restructures and redundancies are the headline grabbing initiatives, TVA has opted to initiate a number of far more positive ideas.

Accepting that there are some inadequacies in the purchasing process, TVA have recently launched an Inventory Optimization Initiative, tasked with identifying how the procurement culture of the business can be improved.

TVA’s Jon Cooper, who is leading the project internally, commented “The ultimate objectives are to reduce the financial value of our overall inventory by removing stranded material, reducing reorder rules around items that are slower moving and ensuring that we optimize inventory for items where we have a higher stockout rate”.

By utilizing new inventory analysis software and creative algorithms within the inventory management systems, the team aim to avoid overstock and unnecessary purchase of low usage items. This logical step towards addressing a common, but often overlooked industry challenge, has reinforced the growing leadership role now adopted by TVA.

TVA has identified the challenges that come with their new process:

“The biggest obstacle to date is the (procurement) culture and changing it with respect to utilizing more systematic and assertive means to analyze inventory and take the actions necessary to optimize it” Mr. Cooper added “I think one of the biggest barriers is the ostrich head in the sand syndrome. The problem will not go away but only get worse if it continues to go unchecked”.

There are a number of objectives associated with the project, however the team are aiming to “increase inventory turns in categories where it makes sense with a balance of keeping the right material on hand to reduce the risk of jeopardizing critical path work that require spare parts”.

The initial progress has been varied, but Mr. Cooper is confident that the success of the project will have a lasting impact, not only in the TVA, but the nuclear community on the whole.

Mr. Cooper will also be speaking at the 5th Annual Nuclear Supply Chain Conference, where he will offer full insight into the successes and challenges faced by the team. Here, Mr. Cooper will assess all the lessons learnt from the initiative and offer advice to anyone else considering such a project.

For more information on the 5th Annual Nuclear Supply Chain Conference, click here: http://tinyurl.com/ptg29et

Tags: TVA launches Inventory Analysis and Optimization initiatives
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