Archive: Business

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The POWER Interview: What Is a Digital Twin?

The term “digital twin” is used frequently by tech-savvy power industry professionals, but what does it really mean? To get an insider’s perspective, POWER posed the question to Akshay Patwal, strategic business manager with Siemens Energy. Patwal leads the development and commercialization of digital business transformation projects, using big data platforms and analytics, to create […]

Wisconsin Co-op Will Close Coal-Fired Plant

Wisconsin-based Dairyland Power Cooperative on Jan. 23 said it would close its 345-MW coal-fired Genoa Station No. 3 by year-end 2021. The move comes as the La Crosse-based utility continues to phase out coal-fired power generation while it develops a new, $700-million natural gas-fired plant, and ramps up its use of renewable power sources. The […]

Interest in DOE’s Versatile Test Reactor Heats Up

GE Hitachi Nuclear Energy (GEH) and TerraPower are jointly pursuing an opportunity to design and build the U.S. Department of Energy’s Versatile Test Reactor (VTR), an experimental fast neutron nuclear reactor that could start up by 2026. The companies on Jan. 21 announced they collaborated on a response to an expression of interest (EOI) issued […]

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Deal-Making in Power Sector Dragged in 2019

Deal-making in the North American power and utilities sector fell for the third year in a row in 2019, and total deal value shrank by 41% compared to 2018, indicating a sustained sluggish financial interest in the sector, according to PricewaterhouseCoopers (PwC). The international accounting firm’s newly released “North American Power & Utilities deals insights […]

Coal Is Out as APS Sets Carbon-Free Goal

Arizona Public Service (APS) announced Jan. 22 that it plans for all its power generation to be carbon-free by 2050, and also said it plans to produce nearly half its power from renewable sources by 2030. APS joins other U.S. utilities who have put forth similar goals in recent years. APS, which has been criticized […]

Qatar Will Boost Middle East Solar with 800-MW Project

Qatar’s energy minister on Jan. 19 said the country will build an 800-MW solar power project that will push the country far beyond its announced goal for solar energy. That goal of 100 MW of solar generation was established when Qatar in December 2010 was awarded rights to host the 2022 FIFA World Cup tournament. […]

Wisconsin PSC Backs Construction of Gas-Fired Plant

Construction of a $700 million natural gas-fired power plant near the Wisconsin-Minnesota border was authorized by Wisconsin regulators on Jan. 16, over the objections of environmental groups who have said the plant is not needed. Dairyland Power Cooperative and Minnesota Power would jointly own the 625-MW Nemadji Trail Energy Center, which on its current timeline […]

Sunflower Finally Scraps Plans for 895-MW Kansas Coal Plant

Sunflower Electric Power Corp. has abandoned plans to build the $2.8 billion Holcomb Expansion after its partner on the 895-MW coal-fired power plant project in Kansas, Tri-State Generation and Transmission Association, announced it would no longer pursue the project. Sunflower said on Jan. 15 it will allow the project’s air permit, for which it once […]

Report: Investment in Renewables Hit Record High in 2019

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

EIA: Renewables Will Surge Past Coal, Nuclear to 22% of U.S. Power Mix in 2021

The U.S. Energy Information Administration (EIA) in its first forecast for 2021 suggests the share of renewables in the utility-scale U.S. power generation mix will surge to 22%, up from 17% last year, while coal and nuclear’s shares will be further diminished. According to the agency’s latest Short-Term Energy Outlook (STEO), released Jan. 14, coal’s […]