It happens every year. You review the numbers and have a hunch that you know where the issues are across your fleet. But, how do you really know? How big are the issues? What are the economic impacts? What is the priority? How do you account for differences in technologies?
We understand what it is like to be in that position because at Solomon, each of our Power consultants has more than 30 collective years of experience as managers and executives directing the day-to-day operations at all types of fossil-fired power generation facilities. We have leveraged that experience in a methodology to help balance opportunities for improvement in cost, reliability, and production. Our in-depth comparative analysis is the most robust available, allowing you to determine the areas of improvement compared to your units’ technical, regional, and commercial peers. Our unique methodologies provide you the focus to capture the potential and optimize performance. Our knowledge, combined with the data and methodologies, provides our clients around the world the ability to make improved financial and technical decisions based on an independent, third-party perspective.
With a Solomon Power CPA, we not only give you a sense of where you stand compared to your peers, we also provide you with the analysis necessary to improve performance at the unit-level. We guide you every step of the way—from data collection to a comprehensive analysis across a spectrum of key performance indicators in the areas of maintenance and reliability, personnel, fuel conversion efficiency, and expenditures.
Our experienced consulting team uses a structured process to leverage the data obtained in CPA to help you optimize your performance and sustain improvements. Working together at your site, we will review your existing operation and work practices, as well as your organization’s operational strengths and weaknesses, to create and implement a sustainable performance improvement program.
>Learn more Q1 Day 1 is Solomon’s performance improvement methodology applied to new capital projects to help clients mitigate the risk of financial loss related to these types of projects. This flexible, tailored solution is designed to ensure that the return on investment of your new complex is secure.
>Learn more Our team is made up of former executives and managers that know the ins and outs of the assets being studied because they have been there. Our understanding of your market drivers and resource constraints goes beyond the analysis to the tactical plan for performance improvement.
It is not just about a report card. Our system is designed to help you make better decisions—from evaluating the effectiveness of your maintenance program to understanding whether or not you are underfunding your assets. The insight we provide helps you balance the inherent commercial and technical tradeoffs that exist within power plant operations.
Utilizing our database developed from proprietary sources, we provide you with an accurate and detailed level of analysis you can use to clearly identify opportunities for improvement. Thoroughly checked by former power plant managers, we ensure that the data is “real” and can be used as a basis for action.
Designed to analyze the nuances of the specific technologies, our study addresses the specifics of conventional steam, CCGTs, and cogeneration. We handle all types of coal, long-term service agreements, life extensions, steam reliability, etc. For those who own multiple types, our proprietary techniques normalize differences, allowing you to place dissimilar units on the same spending curve.
