Archive: Business

DOE Considers Subsidies Modeled on Renewables for Small Modular Nuclear Reactors

State-imposed standards and financial incentives such as those used to spur widespread adoption of renewables technologies offer a promising model to address challenges to commercialize small modular reactors (SMRs), says a report by the U.S. Department of Energy’s (DOE’s) Office of Nuclear Energy. But to make a meaningful impact, nearly $10 billion in incentives will […]

New Digital Safety System Controller Approved for Nuclear Plants

The U.S. Nuclear Regulatory Commission has approved the use of Mitsubishi Electric Total Advanced Control (MELTAC) Nplus S digital safety system controllers in U.S. nuclear power plants. While new to the U.S. industry, Mitsubishi said the MELTAC system is already deployed in 38 nuclear power plants around the world, primarily in Japan and China. MELTAC […]

A new method for corrosion prevention

Corrosion monitoring, control and prevention is an ongoing battle in today’s power plants. Two of the strongest indicators of how well that battle is being waged is to monitor the corrosive salts of chloride and sulfate.

Toshiba Scraps Massive AP1000 Nuclear Project in the UK

Taking another steep hit from its beleaguered nuclear business, Toshiba Corp. said it will withdraw from construction of the proposed 3.8-GW Moorside nuclear plant in the UK, a project expected to comprise three AP1000 reactors.   The Tokyo-based conglomerate said on November 8 that it had also taken steps to “wind up” NuGeneration Ltd. (NuGen), […]

Researchers Demonstrate 120-kV Wireless Charging System for Electric Vehicles

A wireless charging breakthrough demonstrated by the U.S. Department of Energy’s (DOE’s) Oak Ridge National Laboratory (ORNL) marks a leap toward allowing electric vehicles (EVs) to conveniently recharge within the same period that it typically takes to fill-up at a gas station. Researchers at the national laboratory at Oak Ridge, Tennessee, in October said they […]

DOE Office Will Fund R&D for ‘Coal Plant of the Future’

The Office of Fossil Energy (FE) in the U.S. Department of Energy (DOE) this week said it will fund research and development (R&D) efforts “that will advance first-of-a-kind coal generation technologies.” The FE on November 13 said its Coal FIRST (Flexible, Innovative, Resilient, Small, Transformative) program “will develop the coal plant of the future needed […]

TVA Extends Deadline for Bellefonte Nuclear Plant Deal

A Tennessee businessman now has until the end of November to finalize a two-year-old purchase agreement for the unfinished Bellefonte nuclear power plant in Alabama. The Tennessee Valley Authority (TVA), which began building the plant in 1974 but ended construction in 1988 amid a downturn in the nuclear power industry, on November 9 said it […]

Xcel Buys Minnesota Gas-Fired Plant

Xcel Energy said it will buy a natural gas-fired power plant in Minnesota from Southern Power, a subsidiary of Southern Co. The $650 million deal for the Mankato Energy Center puts Xcel in charge of a facility from which it has purchased power since the plant’s first unit came online in 2006. A second unit […]

A Legal Guide to Power Generation Mergers and Acquisitions

A myriad of issues come into play when parties execute power industry mergers and acquisitions. Part 1 of this two-part series examines what dealmakers need to know before making any transactions