PSM
Alex Hoffs is President of Power Systems Manufacturing, a Hanwha Company.
Decarbonization is here to stay, as are the continued technological advancements to get the energy and utilities industry where it needs to be to meet clean energy goals. A trio of heavy hitters, but more important, experts, Power Systems Manufacturing President Alex Hoffs, S&C Electric CEO Anders Sjoelin, and Itron CEO Tom Deitrich bring you inside the latest advancements in the clean energy revolution.
PUF's Steve Mitnick: Tim, as Senior Advisor to PSM, give some background on the evolution of Power Systems Mfg.
Tim Curran: From 2001 to 2015, I was the president of Alstom Power in the U.S., and I was responsible for the service business primarily. One of the areas I was focused on was growing our gas turbine service portfolio circa 2004, and 2005.
It was fortunate at that time that Calpine had to divest PSM. Calpine bought PSM in the late '90s and because of bankruptcy, had to divest PSM. The timing was perfect for us.
Pratt & Whitney and we were the bidders in 2007, and Alstom came in with the highest bid. We acquired PSM, which gave us an additional footprint in the U.S. market because Alstom's fleet of gas turbines in the States was quite small.