Business

Wisconsin-based Dairyland Power Cooperative on Jan. 23 said it would close its 345-MW coal-fired Genoa Station No. 3 by year-end 2021. The move comes as the La Crosse-based utility continues to phase out coal-fired power generation while it develops a new, $700-million natural gas-fired plant, and ramps up its use of renewable power sources. The […]

GE Hitachi Nuclear Energy (GEH) and TerraPower are jointly pursuing an opportunity to design and build the U.S. Department of Energy’s Versatile Test Reactor (VTR), an experimental fast neutron nuclear reactor that could start up by 2026. The companies on Jan. 21 announced they collaborated on a response to an expression of interest (EOI) issued […]

Deal-making in the North American power and utilities sector fell for the third year in a row in 2019, and total deal value shrank by 41% compared to 2018, indicating a sustained sluggish financial interest in the sector, according to PricewaterhouseCoopers (PwC). The international accounting firm’s newly released “North American Power & Utilities deals insights […]

Arizona Public Service (APS) announced Jan. 22 that it plans for all its power generation to be carbon-free by 2050, and also said it plans to produce nearly half its power from renewable sources by 2030. APS joins other U.S. utilities who have put forth similar goals in recent years. APS, which has been criticized […]

Qatar’s energy minister on Jan. 19 said the country will build an 800-MW solar power project that will push the country far beyond its announced goal for solar energy. That goal of 100 MW of solar generation was established when Qatar in December 2010 was awarded rights to host the 2022 FIFA World Cup tournament. […]

JOHNSTON, R.I., USA—As part of its continuing commitment to cyber risk assessment, prevention and control, FM Global, one of the world’s largest commercial property insurers, has become one of the first insurance carriers to offer industrial control systems (ICS) evaluations at client locations as part of its routine engineering site visits. The ICS evaluation will […]

January 20, 2020 — E.ON today announced it would be extending its 100% renewables-backed electricity supply to eligible small business customers across Britain – committing to source electricity matched with wind, solar and other sources for 100,000 or more small businesses over the next 12 months. E.ON already provides its residential customers electricity supply backed […]

Construction of a $700 million natural gas-fired power plant near the Wisconsin-Minnesota border was authorized by Wisconsin regulators on Jan. 16, over the objections of environmental groups who have said the plant is not needed. Dairyland Power Cooperative and Minnesota Power would jointly own the 625-MW Nemadji Trail Energy Center, which on its current timeline […]

Sunflower Electric Power Corp. has abandoned plans to build the $2.8 billion Holcomb Expansion after its partner on the 895-MW coal-fired power plant project in Kansas, Tri-State Generation and Transmission Association, announced it would no longer pursue the project. Sunflower said on Jan. 15 it will allow the project’s air permit, for which it once […]

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]