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POWERnews—March 1, 2018
March 12, 2018 GE Embarks on Plan to Keep Power Unit Competitive GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors… Read More Sponsored Content Rexroth® Actuator Rebuild Experts with Short-cycle Turnaround Mechanical Dynamics […]
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Legal & Regulatory
FERC Finds No Evidence of Gas Withholding in New England
No evidence exists that New England local gas distribution companies engaged in practices to withhold natural gas pipeline capacity on the Algonquin system to drive up gas or power prices in the region, Federal Energy Regulatory Commission (FERC) staff revealed. FERC on February 27 closed an inquiry after conducting an “extensive review” of the allegations—which […]
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Renewables
ERCOT Anticipates Summer Supply Crunch Amid Unit Retirements
The recent retirement of older generating units and high peak usage owing to economic growth could tighten operating reserves in the region served by the Electric Reliability Council of Texas (ERCOT) this summer. The grid operator said on March 1 that total resource capacity for the upcoming summer (spanning June through September 2018) is expected […]
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IIOT Power
ICS Cybersecurity Threatened, but Defense Woefully Inadequate
Though increasingly serious cybersecurity threats loom, nearly two-thirds of U.S. industrial control system (ICS) vulnerabilities identified in 2017 could cause severe operational impact if exploited, cybersecurity firm Dragos Inc. warned in a series of reports published March 1. The reports, which cover ICS vulnerabilities, ICS threats, and reactions to existing threats, draw a dire picture […]
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Infographics
The Big Picture: Energy Storage Mandates
While 29 states and the District of Columbia currently have Renewable Portfolio Standards (RPS)—goals for power producers to provide a certain amount of power from renewable sources by a specific date—a growing number of states are also instituting standalone targets and mandates for energy storage procurement. Sources: Energy Storage Association, North Carolina Clean Energy Technology Center, Lawrence Berkeley […]
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Press Releases
Framatome completes purchase of Schneider Electric’s instrumentation and control nuclear business
Framatome today announced that it completed its purchase of Schneider Electric’s nuclear instrumentation and control offering. With this transaction, Framatome adds to its engineering expertise and expands its instrumentation and control (I&C) offerings. I&C systems are the central nervous system of a nuclear power plant, allowing operators to control reactor operations. Modernizations, upgrades and ongoing […]
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Gas
GE Embarks on Plan to Keep Power Unit Competitive
GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors in a February 26 letter. The multinational conglomerate’s long-standing and lucrative GE Power business unit’s earnings plunged 45% in 2017 owing to costly operational misses […]
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Press Releases
Wood secures framework contract on UK new nuclear power project
Wood has secured a framework agreement to provide technical assistance for a project to build a new nuclear power station in the UK. Effective immediately, the company is supporting General Nuclear System Limited (GNS), a joint venture between China General Nuclear Power Corporation (CGN) and EDF Energy, as it seeks preliminary regulatory assessment of the […]
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Press Releases
Batteries, renewable and gas power stations stand to benefit from Ireland energy policy overhaul
Competitive Irish electricity market to go live in May 2018 Retirement of old coal, peat, and gas power stations opens up opportunity for 1.7GW of new cleaner, high-efficiency gas plants Battery storage and demand-side management projects could capture a share of €60M/year revenues Policy uncertainties remain due to Brexit and lack of detail on decarbonisation […]
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Press Releases
Solar in the Southeast: New Report Highlights Solar Data and Trends Throughout the Southeast
Atlanta, GA – As solar energy development continues to expand in the Southeast, increasing almost 30 fold over the last five years, the growth patterns remain varied depending on specific location.The Solar in the Southeast 2017 Annual Report from Southern Alliance for Clean Energy (SACE) was released today, highlighting solar data and trends throughout the […]