Business

The Inflation Reduction Act, which U.S. Senators Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.) negotiated in July, was signed into law by President Biden on Aug. 16. As a result, electric vehicle (EV) buyers (for both new and used vehicles) will get generous subsidies from the federal government—totaling as much as $7,500 per EV. Nearly […]

Worley has been awarded a project management services contract by Vertex Hydrogen for its low-carbon hydrogen production plant at Stanlow Manufacturing Complex in Ellesmere Port. The 350MW plant is the first in the UK to have completed front-end engineering and is expected to be one of the first large-scale and low-carbon hydrogen plants in the […]

Siemens Energy and Duke Energy have achieved the GUINNESS WORLD RECORDS title for the “most powerful simple cycle gas power plant” Siemens Energy’s SGT6-9000HL turbine at Duke Energy’s Lincoln Combustion Turbine Station in North Carolina achieved an output of 410.9 megawatts Highly efficient and flexible gas turbine technology supports the expanding use of renewables Duke […]

There are no boundaries in cyberspace. That fact has accelerated sharing of threat intelligence across the defenders, but it exponentially raises the threat of cyberattacks. This reality is underscored by the war in Ukraine, “the first major conflict involving large-scale cyber operations,” according to the U.S. Cybersecurity and Infrastructure Agency (CISA). A major concern is […]

As international travel picks up, energy corporations are turning to mobile employees to fulfill their international staffing needs. However, as mobile work gains steam, tax and compliance risks continue to grow as well—unbeknownst to most corporate leaders. Many businesses, unfortunately, are failing to set up an adequate plan to protect against tax violations in the […]

When reflecting on recent years, the exacerbating climate crisis has resulted in a paradigm shift where attitudes and actions are concerned. Rather than being a subject of ongoing debate and divided opinions, global warming has instigated radical reform throughout Middle Eastern society, inspiring nations to introduce abatement imperatives, enact meaningful change, and embark on a […]

Germany’s government is weighing how the closure of the country’s last three nuclear power plants in December 2022 will affect its grid this upcoming winter as the country scrambles to secure sufficient energy supplies amid a decline in Russian gas deliveries. A formal decision on whether or not to keep  Isar 2, Emsland, and Neckarwestheim […]

Entergy Corp.’s chairman and CEO Leo P. Denault will retire in 2023, ending a decade-long role as the head of the New Orleans–headquartered power generating giant. Denault will be succeeded by Andrew “Drew” Marsh, Entergy’s current executive vice president and chief financial officer. Denault, 62, was appointed Entergy’s chairman and CEO in 2013, taking over […]

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

A Nuclear Energy Institute (NEI) survey suggests U.S. utility members expect to add up to 90 GW of new nuclear generation by the 2050s, including more than 300 new small modular reactors (SMRs) in the U.S. over the next 25 years. The nuclear industry group’s survey, unveiled on July 29, sought to gather input from […]