BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021. “We’re excited about this acquisition, and […]

Many leaders around the world are focused on decarbonizing their countries’ energy supplies. For most, that means adding renewable energy resources to their electricity mix, and developing a path aimed at retiring coal and other fossil-fueled power plants. Yet, these are not the only decarbonization options. Research and development (R&D) efforts are also ongoing to […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   August 11, 2021 Group Buys Pennsylvania Coal Refuse Plants to Power Bitcoin Mining A digital mining company has an agreement to purchase a second power plant in Pennsylvania, as the group increases its coal refuse reclamation operations in the state to provide […]

The costs for wind and solar power generating systems have decreased dramatically over the past decade. According to the International Renewable Energy Agency (IRENA), the global weighted-average levelized

The U.S. electric grid is a complex web of interconnected power lines. It functions remarkably well, considering that it is a constant work in progress. Yet, what has served adequately in the past may not be

Tom Fanning, CEO of Southern Company, reported during the company’s earnings call on July 29 that hot functional testing (HFT) had been completed on Vogtle Unit 3, and that the “next and final major milestone” is fuel load. “We project fuel load to occur sometime near year-end 2021 or early in 2022,” he said. The […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   July 29, 2021 Exelon Set to Decommission Illinois Nuclear Plants Exelon Generation has filed plans to decommission its Dresden and Byron nuclear power plants in Illinois, citing a lack of action from state lawmakers on clean energy legislation that would… Biden Signs […]

The Federal Energy Regulatory Commission (FERC) is an independent agency that, among other things, regulates the interstate transmission of electricity. Its ultimate mission is to “Assist consumers in obtaining economically efficient, safe, reliable, and secure energy services at a reasonable cost through appropriate regulatory and market means, and collaborative efforts.” In the past, FERC has […]

IBM Security reported on July 28 that the average cost of recent data breaches was $4.24 million per incident, the highest cost ever recorded by the company in 17 years of tracking the metric. Notably, data breaches in the U.S. were by far the costliest, exceeding $9 million per incident on average. The findings were […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   July 26, 2021 Bechtel, GE Will Lead 3.2-GW Gas Power Project Vietnam's first privately-owned power plant has moved a step closer to fruition, as Delta Offshore Energy chose Bechtel to provide front-end engineering design (FEED) services for a proposed 3,200-MW combined… Sponsored […]