U.S.

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

The U.S., UK and other countries want world governments to commit to a phaseout of the use and financing of coal-fired power generation, but officials who met at the G20 Environment Ministers Meeting summit in Naples, Italy, this past week ended their talks without an agreement on the future of the fuel. The topic will […]

The U.S. Department of Energy (DOE) has announced it will provide as much as $27 million in federal funding for research and development projects designed to advance the efficient conversion of wave-based energy into electricity, with a goal to make the technology commercially viable. The DOE on July 7 said the money supports the Biden […]

For a century our country has relied on fossil fuels to power our economy. But that is beginning to change with wind, solar, renewable fuels, hydrogen, advanced nuclear options, and more. The effort to decarbonize our economy and protect the planet from greenhouse gas emissions is now aggressively underway in the U.S. and other parts […]

President Biden has set a new nationally determined contribution (NDC) for the U.S. to achieve a 50% to 52% reduction in economy-wide greenhouse gas (GHG) emissions in 2030 compared to 2005 levels.  The White House said on Thursday the NDC, which was determined after a “a whole-of-government process”  organized through the Biden administration’s National Climate […]

Researchers who study the U.S. offshore wind industry have issued a new report that says the sector could potentially meet 90% of the nation’s electricity demand by 2050. The key is for offshore wind to be fully developed along the Atlantic, Pacific, and Gulf coasts, as well as in the Great Lakes, all areas the […]

In a brief interview this February, Francesco Venneri, Ultra Safe Nuclear Corp. CEO, explained to POWER why the company’s development of its proprietary fully ceramic microencapsulated (FCM) fuel is significant for the future of advanced nuclear, and how the company plans to roll it out.  Seattle-based Ultra Safe Nuclear Corp. (USNC), developer of the 5-MWe […]

The South Korean government has announced a major part of the country’s effort to reduce reliance on fossil fuels. President Moon Jae-in on Feb. 5 attended a ceremony in which contracts were signed for a 48.5 trillion won ($43.2 billion) plan to build the world’s largest offshore wind farm by 2030, an installation that would […]

Despite the U.S. and Europe shuttering coal-fired power plants, coal remains a major fuel in global energy systems. In 2018, global coal demand rebounded and grew by 1.4% due to increased consumption in Asia, where coal consumption increased by 2.5%. This increased consumption was mainly from power generation, which reached an all-time high, increasing 3% […]

Offshore wind generation could be a game-changer for U.S. generation—tremendous size, scalability, high capacity factors, zero-carbon, zero-cost fuel, and a proven track record in the UK and Europe. The