POWERnews [Nov. 13, 2014]

U.S. and China Agree to Increase Nationwide Carbon Reduction Targets

Reaching an unexpected climate breakthrough, the U.S. and China in a joint statement on Wednesday each announced new targets to slash carbon dioxide emissions by 2030.  President Barack Obama set…

Nuclear Plants on the Edge Could Benefit from Clean Power Plan

A couple of recently released reports offer some hope for the future of nuclear power plants operating on the fringe of profitability. Moody’s Investors Service suggests that the U.S. Environmental…

IEA: 40% of World’s Power Fleet Will Need to Be Replaced by 2040

Events over the past year—turmoil in the oil-rich Middle East and the Russian-Ukraine gas crisis—along with uncertainty for nuclear power and pervading energy poverty worldwide show that the energy system…

Environmental Group Alleges TVA Coal Ash Pollution Is Leaking Into River

The Southern Environmental Law Center (SELC) informed the Tennessee Valley Authority (TVA) on Nov. 10 that it intends to bring suit under the Clean Water Act to stop the release…

Oncor Wants to Spend $5.2 Billion on Energy Storage

Texas utility Oncor announced this week that it will seek regulatory approval to spend up to $5.2 billion on 5 GW of energy storage resources to firm up its grid…

SCE Signs Contracts for Record Amount of Energy Storage

Southern California Edison (SCE) signed contracts for more than 260 MW of energy storage resources on Nov. 5, among them what will be the largest grid-connected battery system in the…

B&W to Spin Off Power Generation from Nuclear Business

On Nov. 5, The Babcock & Wilcox Co. (B&W) announced that its board of directors has unanimously approved a plan for the tax-free spin-off of the company’s power generation business…

Russia and China Sign Another Major Gas Deal

After a decade of negotiations, Russia and China have now closed two major gas supply agreements, with a memorandum of understanding for a second route west of the first being…

Japan OKs Restart of First Two Nuclear Units, New Delay at Rokkasho Reprocessing Plant

Kyushu Electric Power Co.'s twin Sendai nuclear units in Japan's Kagoshima Prefecture on Nov. 7 got the government's green light to restart. Once back online, likely in 2015, the units will…

DOE Backs Four Gasification Research Projects

Four industry-led projects will each receive about $16 million in federal funding to help them to significantly reduce the cost of producing hydrogen-rich syngas derived from fossil fuels and advance…