< !doctype html> October 24, 2019 Report: Nearly 80% of EU Coal Units Operate at a Loss A new report from a group that studies the impact of climate change on financial markets recommends that European Union (EU) governments move to phase out coal-fired power generation completely… Read More Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently […]

Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes […]

Italian turbine maker Ansaldo Energia and carbon capture specialist Equinor are collaborating on the validation of a 100% hydrogen gas turbine combustor. Under an agreement announced on Oct. 24, Equinor (formerly Statoil) will co-fund tests that could show Ansaldo’s GT36 H-class gas turbine combustor can be operated purely with hydrogen. “The purpose of this collaboration […]

< !doctype html> October 17, 2019 Small Modular Reactors Have High-Level Support U.S. Department of Energy (DOE) Secretary Rick Perry is headed to Brussels, Belgium, to promote small modular reactor (SMR) concepts to European Union (EU) prospects. Perry will be a featured… Read More Exelon Utilities' CEO Retires as Federal Investigation Continues The CEO of […]

South Africa’s state-owned utility Eskom was forced to slash 2,000 MW on a rotational basis nationwide on Oct. 16 and Oct. 17. The newest round of power cuts—the first in nearly seven months—highlight the state-owned utility’s scramble to avert financial disaster stemming in part from the fast-tracked construction of two 4.8-GW coal-fired power plants: Medupi […]

Environmental, social, and governance (ESG) risks are diminishing the number of potential investors in U.S. merchant coal projects, and that is putting more pressure on already squeezed coal plant economics, Moody’s Investors Service said in a new sector report.   The U.S. merchant coal plants, which are already grappling with persistently low power prices that […]

Spain’s largest electric utility Endesa has successfully tested a new remotely operated vehicle (ROV) that it says will make inspection and maintenance in fully or partially submerged environments at its thermal power plants less costly and more efficient. The underwater robot, which was custom manufactured by Spanish startup NIDO Robotics for Endesa’s applications, is about […]

  October 10, 2019 Judge: Court Will Consider Rival Proposal for PG&E Reorganization A federal bankruptcy judge on Oct. 9 ruled that Pacific Gas & Electric (PG&E), California’s largest utility, does not have the sole right to determine the terms of its reorganization.… Read More Sponsored Content Forward-thinking Power Generation Siemens Gas and Power is […]

GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine  The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]

Four projects have won a competition launched by the Department of Energy (DOE) in April 2019 to help shorten the commissioning time for pumped storage hydropower projects and revitalize the hydropower industry.  The grand prize winners or the Furthering Advancements to Shorten Time (FAST) Prize competition were selected by the National Renewable Energy Laboratory (NREL) […]