Condition Assessments

Power plant owners and operators continuously evaluate their assets and review the assets’ safety, reliability and remaining useful life. This requires long-range capital and maintenance plans that consider technical and economic variables from the front end to the back end of the asset’s life cycle.



HOW WE HELP

We help clients who own, operate or invest in power plants evaluate their assets in a way that aligns with their business objectives. We work with clients to:

  • Create resource plans, identify projects, and determine spend for assets and systems based on equipment condition.
  • Develop long-range forecasting plans — for five, 10, or more years into the future.
  • Assess the remaining useful life of assets and assist with retirement plans.
  • Validate a capital plan.
  • Determine equipment condition.
  • Establish near-term unit operation and investments as well as plan for total life cycle costs of a facility.

OUR APPROACH

1898 & Co. consultants deliver detailed, strategic insights that are actionable and practical. When you work with us, you get professionals who know how your assets operate from the front end to the back end. Our consultants have:

  • A substantial knowledge base about the operational aspects of power plants.
  • Significant experience assessing the health and condition of a range of assets.
  • The ability to evaluate both the economic and technical aspects of an asset.
  • Experience working with a range of clients, including independent power producers, investor-owned utilities and private equity firms interested in asset sales and transfers.