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The Power Division was organized in 1920, when ASME membership had grown to over 13,000 and it was decided to set up several divisions to better advance related professional activities. The Power Division is dedicated to the advancement of steam and hydro power generation and use. The Division sponsors professional publications, meetings, classes and discussions, and provides a forum for engineers who are interested in the design development, selection, operation, maintenance, economics, environmental effects, research, and education related to power production equipment and facilities.

The Power Division is one of the 38 Technical Divisions of the ASME and one of four in the Energy Conversion Board (ECB). The other ECB Divisions are Fuels and Combustion Technologies (FACT), Internal Combustion Engine (ICE) and Nuclear Engineering (NED) The division activities include organizing and supporting local and overseas conferences, presenting technical courses, developing industry guidelines, awarding student scholarships,
and administering awards.