Business

According to the Center for Climate and Energy Solutions, renewable energy is the fastest-growing energy source globally where 24% of the energy generated in 2015 came from renewable sources such as biomass, geothermal, solar, hydro, wind, and biofuels. This is expected to increase to 31% by 2040 and will heavily depend on a number of […]

Lake Mary, Florida (August 28, 2018) — Officials from Mitsubishi Hitachi Power Systems Americas joined with NTE Energy executives today to mark the formal start of operations at a new North Carolina clean power plant featuring MHPS technology. MHPS executives helped cut the ribbon on NTE Energy’s $500 million Kings Mountain Energy Center (KMEC); located […]

The Trump administration has extended a potential lifeline to coal-fired power plants with its Affordable Clean Energy (ACE) rule. Now the debate is about how much the plan will actually help coal generation. Energy analysts and other industry experts who spoke with POWER on August 28 say the new rule, which would give individual states the […]

Munich / Boston, 2018-Aug-27 Successful strategic alliance with Bentley Systems, which started in 2016, to be further expanded Joint investment initiative extended by an additional €50 million, totaling €100 million Ambition to further accelerate joint business In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The […]

On August 8, Georgia Power announced that its revised capital and construction cost forecast for its share of the Plant Vogtle expansion project had increased from $7.3 billion to $8.4 billion, based on a revised cost-to-complete estimate from Southern Nuclear. The news was softened somewhat by Georgia Power’s declaration that significant construction progress had been […]

The power market is changing. It’s being driven more and more by the retail side of the business, according to Roy Palk, Esq., president of New Horizons Consulting. Palk will give a presentation titled “The Rise of Distributed Energy — New Challenges Bring New Opportunities” during the Distributed Energy Conference, which will be held at […]

Energy industry experts speaking at the MEGA Symposium in Baltimore, Maryland, on August 21 agreed that storage is becoming more important to the overall mix of U.S. power sources. They also said utility-scale storage solutions remain “years away,” even as technology advancements in battery systems occur more rapidly. Panelists at the session entitled “The Transformation […]

The Environmental Protection Agency (EPA) released a proposed rule to replace the Clean Power Plan—a rule regulating greenhouse gas emissions (GHG) from existing coal-fired power plants. The new “Affordable Clean Energy” rule sets GHG guidelines for states to set standards for performance for existing coal-fired power plants. The proposal is the newest development in a […]

Clean, secure, and uninterrupted power is at the core of Hawaiian Electric’s 50-megawatt Schofield Generating Station. Wärtsilä has signed a Maintenance and Operational advisory agreement for the power plant, located on the island of Oahu, 40 kilometres from Honolulu. The agreement will help the utility to maximize the availability and efficiency of the power plant. […]

The possible new operator of the largest coal-fired power plant in the western U.S. told Arizona regulators this week the company would run the Navajo Generating Station (NGS) at less than half its installed generation capacity in order to maintain profitability. An official for Illinois-based Middle River Power (MRP) also said the plant would operate […]