Archive: Business

This is an aerial photo of the abandoned V.C. Summer nuclear project in South Carolina, taken in September 2017. Courtesy: Courtesy of High Flyer © 2017

SCANA Sale in Doubt as Questions Swirl

Several possible suitors for SCANA Corp. emerged last fall when it became evident the South Carolina utility needed a lifeline, after SCANA subsidiary South Carolina Electric and Gas Co. (SCE&G) and state-owned Santee Cooper pulled the plug on the V.C. Summer nuclear project (Figure 1). Now the question is whether those who lost out to […]

Splash - China NEA - HHDC Longyangxia Dam Solar Park

South Korea Will Fight Solar Tariffs; Others Will Wait

The global solar industry on January 23 reacted to President Trump’s announcement on Monday that the U.S. will enact a 30% tariff this year on imports of solar cells and modules, a levy that could begin as soon as next month. Some groups said they will take a “wait and see” approach to the charge, […]


Sulzer Service Solutions

Sulzer is the leading worldwide, independent service provider for the repair and maintenance of large rotating machines including turbomachinery, pumps and electro-mechanical equipment. With a global network of technically advanced remanufacturing and test facilities, Sulzer offers a collaborative advantage that delivers high-quality, cost-effective, customized and turnkey solutions, providing its customers with the peace-of-mind to focus

A consortium led by Mainstream Renewable Power ordered 157 Siemens SWT-2.3-108 wind turbines for three projects in South Africa in February 2016. The 140-MW Khobab wind farm and the 140-MW Loeriesfontein 2 wind farm are both located in the Namakwa District Municipality, and the 80-MW Noupoort wind farm is located in Umsobomvu Local Municipality. Courtesy: Siemens

Report: Clean Energy Investments Hit $333.5 Billion in 2017

Though some countries, including the U.S., have moved to support coal-fired power generation over the past year, investments in renewable energy continued to rise, according to a new report from Bloomberg New Energy Finance (BNEF). The research group on January 16 said global investment in clean energy such as wind and solar reached about $333.5 […]


Tampa Electric Will Convert Big Bend Coal Plant to Natural Gas

An executive with the parent company of Tampa Electric said the utility plans to seek regulatory approval to convert its Big Bend Power Station in Florida, the oldest and last major coal-fired facility in its fleet, to natural gas. Rob Bennett, speaking at a breakfast gathering in Tampa on January 12, said an engineering analysis […]

Fig 4_Diablo-canyon-nuclear-power-plant_web

CPUC Backs PG&E Plan to Retire Diablo Canyon Nuclear Plant

California regulators have approved Pacific Gas & Electric’s (PG&E’s) application to retire the Diablo Canyon nuclear plant by year-end 2025, ending a protracted battle over the generating station that pitted local economic interests against environmentalists and other opponents of nuclear power. The state Public Utilities Commission (CPUC) on January 11 voted unanimously to accept PG&E’s […]

SGD&E's 30-MW, 120-MWh system unveiled in February 2017 in Escondido, California,  was supplied by AES Energy Storage. The facility was part of an expedited response by the state and the California Public Utilities Commission to the loss of the Aliso Canyon natural gas storage facility north of Los Angeles in 2016. Source: POWER/Tom Overton

AES and Siemens, Two Power Giants, Join Forces on Energy Storage 

Underscoring energy storage’s new vital role in power company operations, Siemens and AES Corp. have launched a joint company, Fluence Energy, that provides technology solutions paired with engineering and services capabilities. AES and Siemens on January 11 announced that Fluence, which merges AES Energy Storage and Siemens’ energy storage team, received all government approvals for the […]

Gas industry, gas transmission system

EIA Report: Gas-fired Generation Will Continue to Outpace Coal

The U.S. Energy Information Administration (EIA) released its first look at expected power generation in 2019, and its conclusions are much the same as those it expects in 2018—the use of natural gas to produce electricity will continue to rise, and the use of coal will continue to decline. EIA’s Short-Term Energy Outlook, released January […]

AP1000 nuclear plant model Courtesy: Westinghouse

Brookfield Business Partners to Acquire Westinghouse from Toshiba Corp.

Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp. by business services and industrials company Brookfield Business Partners. Brookfield, a company of Toronto-headquartered Brookfield Asset Management, announced on January 4 that it entered into […]

V. C. Summer Nuclear Generating Station in Jenkinsville, South Carolina. This picture shows the Unit 1 Reactor Containment Building (Center), along with the Steam Turbine Building (Left). This is a publicity photo from SCE&G.

Dominion Will Buy SCANA in $14.6B Deal, Writing Off Failed Nuclear Expansion Assets

SCANA Corp., a company reeling from a decision to abandon two half-built nuclear reactors at the V.C. Summer project in South Carolina, is getting a lifeline from Dominion Energy, one of the nation’s largest utilities. The two companies on January 3 announced an agreement to combine in a stock-for-stock merger. The proposed deal is valued […]

Figure 4-NRG Solar

What Is the Future of Independent Power?

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years