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POWERnews—July 9, 2020
POWER Magazine Jobs White Papers Webinars Events Store July 9, 2020 Featured U.S. Bank Set to Lift Ban on Supporting Nuclear Power A government-run development bank is expected to end its ban on investment in nuclear energy, a move that could allow U.S. companies to take a greater role in […]
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Climate change
Report: Decarbonization of World’s 50 Most Influential Power Companies Bleak
Two reports analyzing energy transitions toward low-carbon resources released this week offer mixed assessments of how the power industry is faring in efforts to tamp down carbon emissions. The World Benchmarking Alliance (WBA), a broad group of stakeholders committed to 17 Sustainable Development Goals developed by the United Nations (UN) in 2015, on July 6 launched […]
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Supply Chains
DOE Specifies ‘Foreign Adversaries’ for Trump BPS Equipment Ban
Taking its first major step to act on President Trump’s May 1 executive order (EO) to limit foreign bulk power equipment transactions in the U.S., the Department of Energy (DOE) has issued a definitive list of six foreign “adversaries” that pose threats to the U.S. bulk power system (BPS): China, Cuba, Iran, North Korea, Russia, […]
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POWERnews—July 2, 2020
POWER Magazine Jobs White Papers Webinars Events Store July 2, 2020 Featured Hitachi Absorbs ABB Power Grids in New $10B Joint Venture Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which […]
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Hydro
Egypt Warns Ethiopian Mega-Dam May Provoke Conflict, Crises
Ethiopia, Egypt, and Sudan may be poised to end a decade-long dispute over waters from the River Nile, agreeing on June 27 to conclude trilateral negotiations and reach final agreement about the first filling and annual operation of the massive 6.4-GW Grand Ethiopian Renaissance Dam (GERD) within the next two weeks. The agreement announced on […]
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Business
Hitachi Absorbs ABB Power Grids in New $10B Joint Venture
Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]
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Business
The Evolution of Power Business Models
Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference
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Ocean/Marine
Islands: An Ocean of Potential for Marine Energy
While island governments are exploring marine power technologies as serious options for future resources to replace diesel, technology developers are looking at improved value through new revenue streams, such
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Hydrogen
Siemens’ Roadmap to 100% Hydrogen Gas Turbines
Aligning with a target set by European industry association EUTurbines, Siemens Gas and Power in January 2019 rolled out an ambitious roadmap to ramp up the hydrogen capability in all its gas turbine models to
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News
POWER Digest [July 2020]
Germany Adopts National Strategies for Energy, Climate, Hydrogen. Twenty days before Germany commandeers the European Union Council presidency, Germany on June 12 adopted two national strategies that could