The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration and resumption of service of the Palisades Power Plant, an 800-MW nuclear generating station in Covert Township, Michigan (Figure 1). The project aims to bring […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 25, 2024 Bill Gates' TerraPower Ready to Build New U.S. Nuclear Power Plant A group established by Microsoft founder Bill Gates is preparing to begin construction of a new generation of nuclear power plants in June, according to the company's chief […]

The UK government has ambitions for 24 GW of nuclear energy by 2050 to help in providing energy security for the UK and for meeting its net-zero goals. Among groups helping to revive and expand the UK’s nuclear industry is the University of Sheffield Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC), part of the High […]

The winter heating season, which is often defined as November through March in the U.S., is coming to an end with natural gas inventories 37% above the five-year average, according to the U.S. Energy Information Administration (EIA). Reduced consumption in the residential and commercial sectors this winter has been blamed for the high natural gas […]

Scientists who maintain the world’s temperature records, which date back to 1880, calculate a global temperature anomaly each year to determine how much temperatures have changed compared to temperatures from 1951 to 1980. In mid-January, they announced that 2023 was the hottest year on record. Furthermore, they said every month from June through December 2023 […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 11, 2024 NRC Sets Stage for Advanced Nuclear with New Part 53 Rule The Nuclear Regulatory Commission (NRC) has directed its staff to publish a proposed rule and draft guidance to create Part 53, a much-awaited risk-informed and technology-inclusive licensing framework […]

The National Renewable Energy Laboratory (NREL) explains that community solar, also known as shared solar or solar gardens, is a distributed solar energy deployment model that allows customers to buy or lease part of a larger, off-site shared solar photovoltaic (PV) system. It says community solar arrangements allow customers to enjoy advantages of solar energy […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 6, 2024 Coal Continues as Key Part of Japan’s Energy Mix Japan’s energy mix is in flux as the country slowly brings idled nuclear reactors online. The 2011 Fukushima disaster upended the nation’s power generation, resulting in more reliance on coal […]

The energy workforce added nearly 300,000 jobs in 2022, increasing to more than 8.1 million total jobs at the end of the year, according to the Department of Energy’s (DOE’s) 2023 U.S. Energy and

The world is undergoing a remarkable energy transition. Clean power systems are in high demand, offering a bright future for hydrogen and renewables. However, energy storage projects that may look promising