Business

BOSTON, Mass. (March 19, 2020) — Helping businesses reduce energy consumption is a key driver for Veolia North America, which is why the company — a global leader in sustainable energy, water, and waste solutions — was recently presented with a 2019 SEAL Environmental Initiative Award for its innovative Hubgrade smart monitoring system, which helps […]

Energy groups continue to assess the industry disruption caused by the coronavirus, with the American Wind Energy Association (AWEA) on March 19 saying the global pandemic is putting  $43 billion of wind industry investments and payments at risk. Utilities, grid operators, and other have been altering their routines as state and local governments call for […]

The power industry and technology worlds are filled with acronyms. It’s often hard to know what they all mean. Mark Reisig, director of Product Marketing at Aras, was a guest on The POWER Podcast. He explained how digital technology is being utilized to bring products to market and track assets throughout their lifecycle. The process […]

Oklo, developer of the 1.5-MW Aurora micro-reactor, has submitted the first-ever combined license application (COLA) for an advanced non-light water reactor (LWR) to the Nuclear Regulatory Commission (NRC). The move formalizes the start of a new era for nuclear regulation in the U.S. The Silicon Valley company, which last year received a first-of-its-kind site use […]

Utilities and power generators worldwide are altering their business practices and developing strategies for dealing with the COVID-19 pandemic. It’s particularly critical for the power industry, as a reliable supply of electricity is essential to prevent even more economic disruption. The U.S. Department of Homeland Security (DHS) lists utilities among the 16 industries that the […]

A new report from a half-dozen environmental groups says global banks financed $2.7 trillion of fossil fuel projects from December 2015, when the Paris Agreement on climate was reached, through year-end 2019. The report said funding for such projects has increased in each of the past four years. “Banking on Climate Change 2020,” published March […]

The president of the Solar Energy Industries Association on March 17 said the solar industry is seeing “a pretty significant crisis” along with the overall economy due to the global coronavirus pandemic, as the situation likely will limit growth in the solar sector this year. Abigail Ross Hopper, president and CEO of the SEIA, told […]

Silicon Valley-based SunPower on March 16 said it has secured grid capacity for about 11 MW of power after a winning bid in ISO New England’s 14th Forward Capacity Auction (FCA), in which companies predict the cost of making power in 2023. The auction, which closed in February, saw a record low price of $2 […]

March 16, 2020 — For the third time in three months, Siemens has received an order from Belarus to supply SGT-800 industrial gas turbines. The new order covers five gas turbines, including associated auxiliary and electrical systems, for a peak load and backup power plant. The new plant will be built at the existing power […]

Power management company Eaton and its partner electrical contractors and distributors recently completed a construction project to build two new field hospitals in Wuhan, China. The project delivered an additional 2,500 hospital beds to the region, which has been considered ground zero for the COVID-19 global pandemic. Eaton’s energy solutions are helping provide electricity to […]