Business

A virtual power plant (VPP) is a network of decentralized, small- to medium-scale power generating units, flexible power consumers, and storage systems that are aggregated and operated as a single entity through sophisticated software and control systems. Unlike a traditional power plant that exists in a single physical location, a VPP is distributed across multiple […]

The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

ABB and Canada-based Charbone Hydrogen Corp. have signed a Memorandum of Understanding (MoU) agreement to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years. The deal is designed to provide a clean fuel source for existing hydrogen users and heavy industrial […]

LS Power, a development, investment, and operating company focused on the North American power and energy infrastructure sector, on March 14 announced it has applied to build about 700 MW of new generation supply as part of PJM’s Reliability Resource Initiative (RRI), which is designed to expedite connecting shovel-ready, high-reliability projects to the grid.

Increasing adoption of cloud computing gave rise to the development of data centers, but the rapid growth of artificial intelligence (AI) and the increasing demand for digital services has resulted in an exponential surge of data center growth. The industry is in a transformative phase that will be marked by significant developments in infrastructure, technology […]

Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]

Among the various types of valves on the market, ball valves are critical in high-pressure systems, enabling precise fluid control in industries like power generation, chemical processing, and oil and gas. Although they’re designed to handle extreme operational demands, the intense conditions of high-pressure environments make regular maintenance or replacement essential to minimize downtime, extend […]

Technology company Cisco is among the groups involved in six virtual power purchase agreements (VPPAs) to secure energy from two solar power plants being developed in Texas.

A coalition of large energy users—including Google, Amazon, Meta, Occidental, and Dow—have pledged their support for tripling global nuclear capacity by 2050. The cross-industry commitment, announced on the sidelines of CERAWeek by S&P Global in Houston, marks the first time large energy users beyond the nuclear sector have collectively backed such an extensive expansion of […]

The Uniper Global Commodities SE (Uniper) dispute highlights geopolitical and legal risks in volatile markets. Uniper, once Germany’s top Russian gas importer, was nationalized after it faced financial chaos when Russia cut supplies in 2022. Uniper then sought arbitration against Gazprom Export (Gazprom) to end its contract and claim damages. Despite winning, a Russian court […]

A Massachusetts-based solar energy firm is merging with the community solar arm of a renewable energy group to create one of the country’s largest pure-play community solar companies. Perch Energy, based in Boston, and Arcadia on March 11 said they are joining to manage more than 3 GW of solar power capacity developed by more than 90 groups across 16 states.

Two European companies announced an agreement to jointly develop as much as 2.2 GW of battery energy storage system (BESS) projects across Spain.

Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW natural gas-fired power plant, as the company seeks to add more generation capacity to help serve surging demand from data centers.

Landsnet owns and operates Iceland’s power transmission system and is responsible for building and maintaining a secure and reliable electrical grid. Monitoring the grid in Iceland is uniquely challenging because of the country’s rugged, often inaccessible terrain and extreme weather conditions—particularly severe winds and sub-zero temperatures. Between December 10 and 11, 2019, northern Iceland experienced […]

In a hearing that underscored the mounting challenges facing the American power sector, industry leaders warned Congress that the nation’s power infrastructure is approaching a precarious juncture as unprecedented demand growth collides with retiring baseload generation. At the House Energy Subcommittee hearing on March 5, titled “Scaling for Growth: Meeting Demand for Reliable, Affordable Electricity,” […]

U.S.-based energy tech company Baker Hughes is joining with Australia’s Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for oil and gas, heavy industries, and other smaller-scale applications.

Next week, the world’s most influential energy conference, CERAWeek, will see more than 10,000 delegates assemble to hear from the industry’s leaders about the future of energy. The conference has traditionally been dominated by oil and gas, but in recent years, nuclear energy has become more prominent—and this year, World Nuclear Association will be there […]

When you think of innovative advancements in nuclear power technology, places like the Idaho National Laboratory and the Massachusetts Institute of Technology probably come to mind. But today, some very exciting nuclear power development work is being done in West Texas, specifically, at Abilene Christian University (ACU). That’s where Natura Resources is working to construct […]

PPL subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) have proposed to upgrade environmental controls at a 1974-built coal unit, build two new gas-fired power plants at a combined cost of $2.8 billion, and add 400 MW of battery storage. The measures seek to significantly boost the companies’ capacity to ready […]

GE Vernova and Amazon Web Services announced the companies have signed a strategic framework agreement aimed at supporting AWS’s data center scaling. The groups on March 4 said they would collaborate to address increasing global energy demand, advance grid security and reliability, and decarbonize electric power systems.

Data center power demand is accelerating, pushing the grid to its limits and prompting tech giants to bet on next-generation nuclear reactors. But given steep costs, regulatory hurdles, and uncertain

The power industry was once considered slow-moving and perhaps even boring. That is no longer the case as technology has expanded and power demand projections skyrocket. New reports released by analysts at

Since 2013, when China launched its Belt and Road Initiative (BRI), interest in the measure has been sharply divided. Proponents in Beijing and across the Global South view the BRI as a transformational

There has been significant outrage from the left around changes the Trump administration has made since taking office, including actions that specifically affect the power industry. Yet, it’s not uncommon

Policy upheavals have cast uncertainty over the future of carbon capture and storage in the power sector, though its momentum is widely expected to continue. In November 2024, the Global CCS Institute, an

Modern reciprocating engines are enabling reliable power generation while balancing renewable energy growth. Their rapid-response capabilities and multi-fuel flexibility are crucial to grid stability

Localized intelligence will reshape energy operations, enabling edge-based generative artificial intelligence (AI) models to deliver precision, agility, and control at every layer of power operations. For

As the new administration begins implementing its energy policy agenda, the market is keenly anticipating the impact on private equity sponsors’ energy transition investments. President Trump has signaled

POWER is the one brand that addresses all electric power generation and related technologies and fuels across North America and around the world, providing insight into this increasingly complex industry. Established in 1882, it is dedicated to providing its global audience with exclusive analysis of the latest trends, best practices, and power generation and related […]

The rise in customer voltage complaints is one of the hot topics in play within the industry forum we recently hosted, “Voltage Matters.” The forum brings together members from across the electricity industry to share their concerns and experiences on all things voltage-related. More than 60 forum members were presented with figures from a UK […]