The company will stake its future on renewables in a major restructuring, spinning off its
conventional power generation business, in part as a response to the growth in distributed generation.
Energy Future Holdings Corp. manages a portfolio of competitive and regulated energy subsidiaries consisting of TXU Energy, a competitive electricity retailer, Luminant, a
competitive power generation business, including mining, wholesale marketing and trading, and construction, and Oncor, a regulated electric distribution and transmission business.
Cummins can outpace the market by growing the premium truck and
power generation business, expanding further into truck, wheel loader, and excavators among domestic manufactures, growing the components and emission upgrades business and expanding and developing partnerships, which are critical in the Chinese market.
In this position he was responsible for devising, developing and executing the solution portfolio strategy and capabilities for all of IBM's
power generation business.
There's a 20 - year contract in place to buy the solar - generated power for 13.9 cents per kilowatt hour — in effect, Tesla is now in
the power generation business.
Most of this relatively modest revenue (more than $ 23.1 million) comes not from
the power generation business — but from Enhanced Oil Recovery (EOR) applications.