Business

The Public Utility Commission of Texas (PUCT) has executed its first agreement under the Texas Energy Fund (TxEF) Completion Bonus Grant (CBG) Program, awarding the Lower Colorado River Authority (LCRA) up to $22.56 million for its 188-MW Timmerman Power Plant Unit 1, a new natural gas–fired plant in Caldwell County, Texas. The agreement marks the operational launch of Texas’s performance-contingent funding mechanism, which is designed to accelerate […]

What’s driving a fundamental shift in engineering, procurement, and construction (EPC) contracting? Equipment lead times. Workforce shortages. Data center timelines. POWER examines how the traditional EPC

From financial dashboards to factory-based assembly, utilities and their contractors are deploying new tools and processes to improve project cost performance. In decades past, the decision to pursue a major

Traditional owner-EPC relationships relied on sequenced approvals and risk allocation tied to project maturity. Today’s interdependent infrastructure, including for the grid, generation, storage, and

Securing a reliable supply of electricity requires plenty of research to balance the risks and rewards of striking a deal.

It’s never been more important than it is today for power construction projects to progress smoothly. With the demand for power growing quickly due to the explosion in data center development, and the trend

California-based Nextracker has announced its corporate rebranding to Nextpower. The company on November 12 said the new name reflects the group’s transformation into a global supplier of fully integrated energy technology solutions.

Peak Energy, a U.S.-based company developing low-cost, giga-scale energy storage technology for the grid, announced a multi-year phased agreement in which Peak Energy will supply up to 4.75 GWh of its sodium-ion battery energy storage systems (ESS) to Jupiter Power, for deployment between 2027 and 2030. Jupiter Power is a developer and operator of utility-scale battery energy storage systems.

The Confederated Tribes of the Colville Reservation will deploy multiple microgrids to enhance energy reliability and resiliency in an effort to achieve energy sovereignty. The Tribes, along with Open Access Technology International, on November 12 announced a landmark collaboration to advance tribal energy sovereignty and resilience through the siting of microgrids across the reservation in Washington state.

Rhythm Energy, a provider of renewable energy for U.S households and businesses, said it will introduce a new virtual power plant (VPP) offering that enables residential customers in major markets to better integrate home batteries, and other connected assets, with the energy grid. The new offer announced November 11 will help customers lower their electricity […]