Archive: Business

Plan to Build New 1-GW Plant in Rhode Island Officially Dead

A project to build a 1-GW gas-fired power plant in Rhode Island has officially ended, after developer Invenergy took no action to appeal the project’s rejection by state regulators, who earlier this year voted unanimously against the plant’s construction. Invenergy had until Nov. 15 to challenge the formal denial of a construction license for the […]

GE Will Close Georgia Plant; 200 Jobs at Stake

GE Renewable Energy has confirmed the company will close its GE Grid Solutions manufacturing plant in Waynesboro, Georgia, with the 200 workers at the facility offered the chance to relocate to a similar site in Charleroi, Pennsylvania, or apply for other jobs within the company. The plant is expected to close by year-end 2020. The […]

The POWER Interview: How Industry 4.0 Will Improve Sustainability

As the world continues to face climate uncertainties, industrial companies are looking for ways to ensure they are as sustainable as possible while maintaining profitability. POWER’s recent Distributed Energy Conference included a session on sustainability from the viewpoint of utilities and others in the power generation industry. Many companies are working toward the goal of […]

IEA World Energy Outlook: Solar Capacity Surges Past Coal and Gas by 2040

Solar photovoltaic (PV) could surge ahead of coal and gas and become the largest source of installed power capacity in the world by 2035 if countries pursue stated policies and targets, the International Energy Agency (IEA) said in its newly released World Energy Outlook 2019 (WEO2019).  The agency’s annual publication, which it issued Nov. 13, […]

Darlington-nuclear-power-plant-feeder-tube-OPG

One Nuclear Power Project Delayed; Three Leap Forward

The long-overdue Olkiluoto 3 nuclear power plant (NPP) in Finland has been delayed again, but nuclear projects in Russia, Canada, and Iran achieved important milestones in November. New Novovoronezh Unit Enters Commercial Operation Rosatom announced on Nov. 1 that Unit 2 at the Novovoronezh Nuclear Power Plant II entered commercial operation 30 days ahead of […]

2.2-GW Coal-Fired Behemoth Could Permanently Close This Week

The 2,250-MW coal-fired Navajo Generating Station (NGS) in Arizona will permanently close likely this week, ending a long and bitter fight to keep the plant and its affiliated coal mine open. The plant’s utility owners—Salt River Project (SRP), Arizona Public Service Co., Tucson Electric Power Co., and NV Energy—in February 2017 voted to shut down […]

ExxonMobil Extends Deal for Fuel Cell Carbon Capture Project

ExxonMobil and FuelCell Energy announced a new joint-development agreement to enhance carbon capture fuel cell technology, as the groups work on a process to capture combustion exhaust from power plants and other industrial facilities. The two-year deal, announced Nov. 6 and an extension of an earlier agreement, is aimed at optimizing core technology, process integration, […]

AES Commits to Build 2.2-GW CCGT Plant in Vietnam

AES Corp. on Nov. 8 signed a memorandum of understanding with the Vietnamese government to build a $1.7 billion gas-fired power plant in Vietnam. The U.S. Embassy in Hanoi made the announcement along with U.S. Secretary of Commerce Wilbur Ross, who was attending a ceremony marking the 25th anniversary of the establishment of the American […]

cybersecurity

Air-Gapped Industrial Control Networks: What You Need to Know

Many networks across a variety of verticals including government, military, financial services, power plants, and industrial manufacturing have been so-called “air-gapped.” This means they are physically and logically isolated from other networks where communication between these networks is not physically or logically possible. This can be a good thing or bad thing depending on your […]

New Boosts for Commercial Production of HALEU Advanced Nuclear Reactor Fuel 

Efforts to commercialize production of high-assay, low-enriched uranium (HALEU) fuel, which is needed for an array of advanced reactors, ramped up this week with two major announcements.  As the Department of Energy (DOE) contracted Centrus Energy to demonstrate production of HALEU fuel for advanced reactors at the DOE’s American Centrifuge Plant in Piketon, Ohio, private […]