Business

MINNEAPOLIS (April 5, 2018) – Xcel Energy is continuing to transition its fleet to carbon-free energy in the Upper Midwest  with the addition of the Foxtail Wind Energy Center located in Dickey County in south-central North Dakota. The 150-megawatt wind farm is part of the company’s vision to achieve 85 percent clean energy by 2030 by […]

Data from regional transmission organization (RTO) PJM Interconnection shows about 630 MW of power generation will be taken offline in the grid operator’s territory in April, with more than 3,600 MW scheduled to be retired this year, according to the organization’s website. This month’s deactivations are scheduled to begin April 16. Last week, Ohio power […]

ARNHEM, Netherlands (April 4, 2018) — Small-scale, grid-connected energy storage solutions – or “community batteries” – can have a viable business case, supporting the ongoing growth of decentralized energy generation resources. This is one of the key findings of a feasibility study published today by DNV GL, based on work by an industry-wide consortium that includes […]

Two recent project announcements indicate that the U.S. offshore wind sector is burgeoning, bolstered by falling prices and ramped-up political support. A credit ratings agency warns, however, that the sector’s growth could increasingly pressure profit margins of merchant generators in New England, New York, and New Jersey. On March 14, Danish offshore giant Ørsted and […]

Even in the absence of climate policy, customer adoption of electric end-use technologies over the next 30 years is expected to spur steady growth in energy consumption, a new report assessing U.S. electrification from the Electric Power Research Institute (EPRI) suggests. The April 3–released report, “U.S. National Electrification Assessment,” is based on findings by EPRI’s […]

LAKE MARY, Florida (April 2, 2018) — Mitsubishi Hitachi Power Systems (MHPS) today announced the integration of PW Power Systems (PWPS) within Mitsubishi Power Systems Americas (MHPS Americas). MHPS Americas CEO Paul Browning said, “Integrating PWPS into MHPS Americas broadens our product portfolio and allows us to realize synergies between our various manufacturing and service […]

FirstEnergy Corp.’s competitive arm FirstEnergy Solutions (FES) and several key subsidiaries, including FirstEnergy Nuclear Operating Co. (FENOC), on March 31 sought Chapter 11 bankruptcy protection. FirstEnergy said the move would facilitate an “orderly financial restructuring” and accelerate its strategy to become a fully regulated utility. FES—the parent company of FE Aircraft Leasing Corp., FirstEnergy Generation, […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

Technology is being incorporated into operations and maintenance schemes at an ever-increasing pace. New digital tools are helping optimize assets, improve performance, and reduce overall costs. Big Data Best

The growth of renewable energy, and with it the need for reliable backup generation, along with the increase in combined heat and power applications, is contributing to a rise in the use of reciprocating