Business

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]

The United States and Canada are in a leadership position with carbon capture, utilization, and storage projects. The industry is developing rapidly due net zero goals and 45Q tax incentives, but companies face challenges with project staffing, equipment constraints, and regulatory permitting. Carbon capture and sequestration must reach gigaton scale in order to achieve net […]

NEW YORK – Nearly 10 years after Superstorm Sandy took lives, wrecked homes and caused widespread power outages, Con Edison has fortified its energy systems and is planning for the hotter, stormier weather that climate change will continue to bring. The company’s investments in its electric delivery system over the past decade have prevented 1.1 […]

Ontario Power Generation (OPG) and Czech Republic-based ČEZ are collaborating to advance deployment of nuclear technology, including small modular reactors (SMRs). The companies said they signed a memorandum of understanding (MOU) on Oct. 11, with an aim to “reduce financial, technical and schedule risk to both parties on their respective future projects.” OPG is Ontario’s […]

CF Industries to capture up to 2 million metric tons of CO2 from operations ExxonMobil to develop 125K-acre CO2 storage location in Vermilion Parish ExxonMobil agreement with EnLink Midstream to transport CO2 through pipeline network IRVING, Texas – CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial […]

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire Westinghouse Electric Co. from Brookfield Business Partners (BBU). The deal has a total enterprise value of about $8 billion, including proceeds from the disposition of a non-core asset expected to be received […]

DeltaV IO.CONNECT enables manufacturers to keep existing I/O infrastructure, shorten downtime, accelerate ROI and increase flexibility of capital expenditures AUSTIN, Texas (Oct. 12, 2022) – Emerson, a global software and engineering leader, has released DeltaV™ IO.CONNECT, a new subscription software service designed to help plants simplify modernization with an open architecture pathway that makes it […]

Columbus, Ind. – Cummins Inc. (NYSE: CMI) will begin producing electrolyzers in the United States, underscoring the company’s continued dedication to advancing the nation’s green hydrogen economy. Electrolyzer production will take place in Fridley, Minnesota, starting at 500 megawatts (MW) of manufacturing capacity annually, scalable to 1 gigawatt (GW) in the future. “Expanding Cummins’ electrolyzer […]

Pilsen, Czech Republic (Oct. 10, 2022) – Pilsen-based steam turbine producer Doosan Škoda Power has signed a contract with the company Elektrárny Opatovice (EOP) to replace a TG3 steam turbine. The continuing upgrade is expected to improve the quality and reliability of heat and power supply and contribute to better environmental conditions. Doosan Škoda Power […]

Watson Farley & Williams (“WFW”) has advised long-standing client Vattenfall on its signing of a contract with Siemens and Aker Solutions to deliver grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm off the east coast of the UK. Under the contract, Siemens and Aker Solutions will be responsible for the engineering, procurement, construction […]