Archive: Business

the-power-podcast

Reversing Climate Change with Nuclear Power [PODCAST]

According to the Energy Impact Center, a Washington, D.C.-based research institute focused on deep decarbonization, CO2 emissions “must go net-negative by 2040, globally across all energy sectors” to begin countering climate change. The only way it sees to accomplish this is to “produce energy inexpensive enough to make carbon negative fuels that compete with fossil […]

The POWER Interview: CleanCapital Drives Investments in Clean Energy

Investments in clean energy projects have hummed along in the past few years, with the growth of renewables worldwide continuing to increase levels of solar, wind, and other resources in the global energy mix. Thomas Byrne has been in the middle of this energy transformation. Byrne, co-founder and CEO of CleanCapital and a graduate of […]

POWER Notebook: Ohio Gas Plant Project in Jeopardy if Nuclear Bill Passes

New York City-based LS Power on July 15 said it would end a project to expand its natural gas-fired Troy power plant in Ohio if state lawmakers pass legislation to subsidize the state’s two nuclear power plants. LS Power in a news release Monday said, “Handouts to nuclear plants jeopardize the economics of the other […]

The POWER Interview: New Directions for Aeroderivative Gas Turbines at PWPS 

In a recent interview, Raul Pereda, president and CEO of PW Power Systems (PWPS), talked to POWER about the company’s long legacy as a gas turbine manufacturer, advancements in technology it has achieved over the past 60 years, and new applications for its turbines within a transitioning energy system.  No one can read a history […]

POWER Notebook: Investment in Renewables Down in 1H2019

Investments in renewable energy projects slowed in the first half of 2019, primarily due to a 39% year-over-year drop in China, the world’s largest renewables market, according to data published July 10 by BloombergNEF (BNEF). BNEF said investments in China dropped to $28.8 billion, the lowest figure for any six-month period since 2013. China is […]

EPA Delayed on Proposed ELG Revisions for Steam Power Plants

The Environmental Protection Agency (EPA) is behind on its proposed revisions to the Obama administration’s effluent limitations guidelines (ELGs) for steam electric power plants.  In an e-mail to POWER on July 9, the EPA confirmed that the agency was still “working expeditiously” to complete the proposed rule, and it has yet to submit it to […]

Czech Republic Plans to Expand Nuclear Power

The Czech government on July 8 gave preliminary approval for Elektrárna Dukovany II, a subsidiary of utility ČEZ, to build at least one new nuclear power unit in the country, along with as many as three more at existing nuclear power plants at Dukovany and Temelín. The country’s Ministry of Industry and Trade made the […]

A Brief History of GE Gas Turbines

July marks two important milestones that set gas-fired generation on its course to becoming a dominant form of power generation: commercial operation of the world’s first industrial gas turbine in Neuchâtel, Switzerland, in 1939, and commercial operation of the first gas turbine in the U.S. used to generate electric power—a 3.5-MW General Electric (GE) unit […]

the-power-podcast

Lithium-Ion Batteries: Costs Down, Benefits Up [PODCAST]

The price of lithium-ion batteries has plummeted over the past decade. Battery pack prices averaged $1,160 per kWh in 2010, according to BloombergNEF, but they dropped to $176 per kWh last year, and experts suggest they could be less than $100 by 2024. Tony Cooper, general manager of Green Cubes Technology’s Motive division, was a […]

How to Position Your Power Company for the Future

Faced with the challenge of making the right moves to accommodate a swiftly changing energy ecosystem, one question draws into sharp focus for generators and the entire power and utilities industry: What will their role become in the years ahead, considering evolving portfolio mixes and changing industry dynamics? Leaders know there’s a very real possibility […]