Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules on the issue on April 26. The Inflation Reduction Act (IRA) passed in 2022 created two new credit delivery mechanisms—so-called elective pay or direct pay, […]

Three major chemical processing companies announced the startup of a demonstration plant to show the viability of large-scale electrically heated steam cracking furnaces. BASF, SABIC, and Linde on April 17 said the facility, at BASF’s Verbund site in Ludwigshafen, Germany, will begin operating after three years of development, engineering, and construction work. The three groups […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   April 22, 2024 Hungarian Group Inaugurates Green Hydrogen Production Project A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green… Gas Turbine […]

A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green hydrogen production plant in Százhalombatta, Hungary. MOL Group, headquartered in Budapest, said the plant will produce 1,600 tonnes of hydrogen annually using electricity from renewable […]

A group that represents utility companies worldwide said its members want to nearly triple their renewable energy generation capacity by 2030. The Utilities for Net Zero Alliance (UNEZA), which was formed at last year’s COP28 climate summit in Dubai in the United Arab Emirates (UAE), said the group collectively wants to increase its green energy […]

An energy storage division of a global solar power provider announced it has signed a letter of intent to supply equipment for several energy parks being developed by a UK-based renewable energy company. Trina Storage, part of China-headquartered Trina Solar, on April 19 said it would partner with London-based Pacific Green on several projects, and […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   April 17, 2024 Group Says Record 117 GW of New Wind Power Generation Installed in 2023 A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a […]

A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the prior year. The “Global Wind Report 2024,” published April 16 by the Global Wind Energy Council (GWEC), said “the world is moving in the right […]

The largest electric power company in Japan announced the spinoff of a new global renewable energy business, and said the venture would be headquartered in London in the UK. JERA, founded in 2015 as a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Co., and Chubu Electric […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   April 10, 2024 GE Will Support Major South Korean Coal-to-Gas Conversion A coal-fired power plant in South Korea will use equipment from GE Vernova's Gas Power business as the facility switches to burn natural gas as soon as 2027. GE Vernova…   […]

A coal-fired power plant in South Korea will use equipment from GE Vernova’s Gas Power business as the facility switches to burn natural gas as soon as 2027. GE Vernova on April 8 said it would supply a 7HA.02 gas turbine and a H65 generator for Korea Western Power Co.’s (KOWEPO’s) power station in Gongju-si, […]

Support for battery energy storage, and manufacturing of equipment for the electrification of transportation, is spurring construction of battery factories across the U.S. American Battery Factory, a leader in development of lithium iron phosphate (LFP) battery cells, recently announced a partnership with Lead Intelligent Equipment (LEAD) to secure custom automation equipment and machinery that will […]

A Sweden-based renewable energy developer, in partnership with the investment arm of Ingka Group–the biggest IKEA retailer–has been issued a permit for construction of a 5.5-GW offshore wind project that would be built in the Baltic Sea. OX2 AB and Ingka Investments on April 3 said officials in Gotland, Sweden, gave the companies a Natura […]

Portugal has a goal to produce at least 80% of its electricity from renewable energy resources by 2050. Several companies are investing in the country’s power infrastructure, including Powin, an

As power generation embraces digitization, and looks for more reliability and flexibility, the need for advanced instrumentation and control systems grows. Power plant operators know the importance of

GA Drilling, ZeroGeo Energy Collaborate on Deep Geothermal Power Project. Geothermal drilling technology company GA Drilling and ZeroGeo Energy GmbH in February announced the companies have a memorandum of

India’s state-owned energy company NTPC said the company produced a record amount of electricity on an annual basis over the past fiscal year, with the utility’s coal-fired power stations recording a plant load factor, or capacity utilization, of 77%. NTPC, the former National Thermal Power Corp., in a statement published March 31, said it generated […]

Two German energy companies said they shut down seven coal-fired power plants over the Easter holiday weekend, taking more than 3,000 MW of generation capacity offline for decommissioning. The German government, which already has called for an end to coal-fired power generation in that country, had allowed the units to continue operating through the winter […]

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023. BNEF’s […]

The state-owned nuclear energy group of the United Arab Emirates (UAE) has expressed interest in supporting nuclear power projects in Europe. The news comes just weeks after the fourth unit of the emirate’s only nuclear power plant, the Barakah station (a POWER Top Plant in 2021), began delivering electricity to the grid. The Khaleej Times, […]

The push for electrification of the transportation sector is being supported by companies making significant investments in charging infrastructure. These groups are taking innovative approaches, including utilizing solar power, to providing the electricity necessary for a network of charging stations. Greenlane on March 27 announced a major project that features a 280-mile charging corridor that […]

Developments in communication technology, including software applications and new control hardware, are providing utilities the ability to monitor assets, analyze alarms, and control their power generation facilities remotely. Companies are using new technology to address power plant operations, support maintenance tasks, and ensure proper compliance reporting and incident response. Remote monitoring was part of POWER’s […]

Vietnam’s renewable energy goals are taking a step forward with the installation of a wind farm that will feature the largest onshore wind turbine installed in the country to date. China’s Shanghai Electric in February announced its subsidiary, Electric Wind Power, will supply its advanced wind turbines to joint venture partners Hai Anh Wind Power […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 20, 2024 Offshore Wind Area Detailed for Gulf of Maine; New York Project Delivering Power The U.S. Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in […]

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 executive. Chris Levesque, CEO of TerraPower, on March 18 said the company is ready to move forward with work on its Natrium reactor at the site of […]

The U.S. Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in a notice published in the Federal Register on March 18, said two million acres has been earmarked for development in that region. The BOEM in its announcement said the […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   March 18, 2024 Understanding Future Prospects for Hydrogen, Energy Storage, and Renewables 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 […]

The world’s largest nuclear power plant, among the facilities taken offline after the 2011 Fukushima disaster in Japan, could be nearing a restart. Japanese media reported that on March 14, Takeshi Saito—Japan’s minister of Economy, Trade and Industry—asked Hideyo Hanazumi, the governor of Niigata Prefecture, for permission to restart the first of seven reactors at […]

Governments worldwide are investing in hydrogen production as a way to reduce dependence on fossil fuels and help decarbonize the energy sector. The U.S. Dept. of Energy last year published its U.S. National Clean Hydrogen Strategy and Roadmap, highlighting the need for collaboration across multiple agencies to push national decarbonization goals. The European Commission in […]

A major Indiana utility said it’s preparing to switch its remaining coal-fired power plant to burn natural gas. AES Indiana on March 12 said the two coal-burning units at its Petersburg Generating Station, in Pike County in southwestern Indiana about 100 miles west of Louisville, Kentucky, would stop using coal and start using natural gas […]