A Maryland-based power generation group said it will build an 1,800-MW combined-cycle natural gas-fired power plant in West Virginia, a project that will utilize carbon capture and storage to take advantage of a government tax credit. Competitive Power Ventures (CPV) on Sept. 16 said it plans for the project to be operational later this decade. […]

The Biden administration announced a goal of installing as much as 15 GW of floating offshore wind energy capacity by 2035, and said it plans to auction off leases to support project development by the end of this year. The Sept. 15 announcement touted both the potential of offshore wind and its impact on reducing […]

A Texas-based company involved with data analytics for the energy industry is acquiring a Spanish group as part of a continuing effort to expand its offerings in the power generation sector. Enverus, formerly known as DrillingInfo and a longtime player in the oil and gas industry, on Sept. 14 said it is acquiring RatedPower, a […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   September 14, 2022 Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy Two Eastern Generation natural gas power plants in northeastern Illinois have been acquired by Earthrise Energy, an emerging independent power producer and “public benefit corporation” that has […]

A new study from business and environmental researchers at Oxford University disputes the notion that a strategy to transition global power generation toward renewable energy and away from fossil fuels is too expensive to pursue. The study, released Sept. 13 and published in the journal Joule, reports that decarbonizing the world’s energy systems would save […]

Researchers at Sandia National Laboratories in New Mexico announced they completed a successful test of a new power-generating technology, delivering electricity to the local grid using an energy conversion system that they say could drive a major increase in efficiency for power plants across the U.S. and perhaps the world. The researchers, in a news […]

Billions of dollars are supporting renewable energy development in the U.S. The International Energy Agency has said record amounts of spending on clean energy will increase global energy investment by 8% in 2022. Julie McLaughlin, a managing director with Alvarez & Marsal’s U.S. Energy practice in San Francisco, California, has extensive experience in the energy space, working with […]

General Electric’s (GE’s) H-Class power generation equipment technology will be used at a new natural gas-fired power plant in Louisiana. GE on Sept. 1 said it received an order from Kindle Energy for a 7HA.03 gas turbine to serve the 725-MW Magnolia Power Project that will be built in Plaquemine. The new facility is expected […]

Siemens Gamesa said it has sold its renewable energy assets in southern Europe to SSE Renewables, a division of Scottish multinational energy company SSE. The deal announced Sept. 1 is for a 3.8-GW portfolio of projects, including onshore wind facilities in Spain, Italy, Greece, and France. The agreement also includes potential opportunities for Siemens Gamesa […]

The Bighorn Solar farm has been called the future of renewable energy. It’s a project dedicated to providing cleaner power for a major industrial facility, while also investing in the community and