Business

  • SRP Will Launch 40-MWh Energy Storage Project for Peaking Flexibility

    Public power utility Salt River Project (SRP) will launch Arizona’s first battery energy storage project to provide flexible peaking capacity. Energy storage firm Fluence will supply a 10-MW, four-hour duration system to AES Corp., which has a 20-year agreement with SRP for the project to be built in Chandler. AES owns Fluence in partnership with […]

  • Constellation, GE Team With The Home Depot to Install Largest Rooftop Solar Array in Washington, D.C.

    Washington, D.C. (May 30, 2018) — Constellation, an Exelon company, and GE today announced the completion of a 554 kilowatt (DC) solar generation project for The Home Depot’s Washington, D.C., store. The solar project, now the largest single rooftop array in the District*, is expected to supply more than 9.9 million kilowatt hours of electricity […]

  • TEXO DSI CARRY OUT INDUSTRY-FIRST FOR NUCLEAR SECTOR

    Texo Drone Survey and Inspection (Texo DSI), the owner operators of the world’s most comprehensive and dynamic fleet of unmanned aerial vehicles has announced that it has carried out an internal UAV inspection of a live nuclear asset – a first for the global nuclear sector. Texo DSI were commissioned by URENCO UK to carry […]

  • GE Stock Falls as CEO Backs ‘Deliberate’ Pace of Change

    Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

  • Bill Supporting Xcel Energy Nuclear Plants Dies in Minnesota

    A bill that would have provided more cost-recovery certainty for Xcel Energy’s two Minnesota nuclear plants didn’t get through the state House of Representatives prior to the legislative session ending on May 20, effectively killing the measure. The bill would have allowed Xcel to submit proposals to the Minnesota Public Utilities Commission (MPUC) designating each […]

  • Large onshore order from Norway: Siemens Gamesa to supply 70 wind turbines to three projects

    Siemens Gamesa Renewable Energy (SGRE) will supply three onshore wind farms in Norway including 70 units of its Onshore OptimaFlex wind turbines. The SWT-DD-130 turbines will each feature a rated capacity of 4.2 megawatts (MW) and a 130 meter diameter rotor. All turbines will be installed on steel towers with 125 meter hub heights. The […]

  • Concerns About Summer Reliability in Texas and California Persist

    Higher-than-average temperatures forecast for much of the U.S. this summer won’t affect reliability in most regions, though concerns remain for Texas and Southern California, according to the Federal Energy Regulatory Commission (FERC). Presenting the “Summer 2018 Energy Market and Reliability Assessment,” on May 17,  FERC staff said that most entities that are part of the […]

  • MST named finalist in 2018 AMM Awards for Steel Excellence

    Midwestern seamless steel tube & pipe manufacturer among just three finalists for Tube & Pipe Producer of the Year South Lyon, Mich., [May 21, 2018] – MST Seamless Tube & Pipe, a leading manufacturer of high-quality carbon and alloy seamless cold-drawn tube and pipe, is one of a select few companies being recognized by American […]

  • Ormat Announces Closing of $33.4 Million Partnership Transaction for Tungsten Mountain Geothermal Power Plant

    RENO, Nev. (May 22, 2018) — Ormat Technologies Inc. announced that one of its wholly-owned subsidiaries that indirectly owns the 26-MW Tungsten Mountain Geothermal power plant entered into a partnership agreement with a private investor. Under the transaction documents, the private investor acquired membership interests in the project for an initial purchase price of approximately […]

  • AMETEK LAND STANDARDISES CERTIFICATES OF CONFORMITY AND ADDS CALIBRATION DATA AS STANDARD FOR FIXED THERMAL IMAGERS AND LINE SCANNERS

    SHEFFIELD, UK, 21 MAY 2018 – AMETEK Land*, a major innovator in non-contact temperature measurement, and combustion and environmental monitoring equipment, has standardised all its Certificates of Conformity for its fixed thermal imagers and line scanners.  This includes the ARC, NIR, NIR-B Borescope, LSP-HD Line Scanner, FTI-Eb Borescope and FTI-E instruments. This means customers now […]

  • Pioneer of small hydro technology: Kössler celebrates its 90th birthday

    Numerous guests celebrate anniversary of Voith subsidiary at Kössler headquarters in St. Georgen, Austria Focus of celebration on innovative solutions for small hydro All key areas of expertise from development to services from a single source St. Georgen. Since its establishment in 1928, Kössler has evolved into one of the world’s leading manufacturers for small […]

  • Global Nuclear Fuel Awarded $250 Million-Plus Contract to Fuel Entergy Nuclear Boiling Water Reactors

    WILMINGTON, North Carolina (May 22, 2018) — Global Nuclear Fuel (GNF) today announced that it has been awarded a long-term contract by Entergy Nuclear to continue to fuel its boiling water reactors. The new fuel supply contract, valued at more than $250 million, runs from 2019 through 2031 and includes 10 reloads of GNF3. Entergy […]

  • NTE Opens Gas-Fired Middletown Plant in Ohio

    NTE Energy on May 21 inaugurated the new Middletown Energy Center in Middletown, Ohio, the latest in a series of natural gas-fired power plants the Florida-based company is developing in Ohio, Texas, and North and South Carolina. NTE touts the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the […]

  • Dominion Invests in GE-Hitachi Nuclear Development of 300-MW SMR

    Dominion Energy will provide seed money to further work of GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300, a 300-MWe small modular reactor design (SMR). Dominion has “no plan at this time to build one at any of its commercial nuclear stations,” but the funding could help bring the SMR design closer to commercialization, GEH said in […]

  • Cash-Starved Southern Sells Florida Assets to NextEra

    NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

  • Wind Power Faces a Post-PTC ‘Valley of Death’

    Wind power capacity in the U.S., whose explosive growth has tripled since 2008—even overtaking hydropower to become the nation’s largest source of renewable electricity—could face a period of stagnation once the production tax credit (PTC) is phased out in 2021. Analysts at WINDPOWER 2018 in Chicago last week called the period between 2021 and 2026 […]

  • Framatome signs multimillion-dollar contract with Dominion Energy to provide fleet-wide steam generator services

    (MAY 17, 2018) —Framatome signed a multimillion-dollar contract with Dominion Energy to provide steam generator services to the company’s entire nuclear reactor fleet. Scheduled to take place during eight outages from 2018 to 2020, the inspection and maintenance work will support the continued generation of low-carbon electricity from the Dominion fleet. At nuclear energy facilities, […]

  • DOE Lays Out How Power Sector Could Win the Cybersecurity Battle

    Cybersecurity threats are outpacing the energy sector’s “best defenses,” and costs of preventing and responding to cyber incidents are straining company efforts to protect critical infrastructure, the Department of Energy (DOE) warned as it released a comprehensive five-year cybersecurity strategy for the industry. The Multiyear Plan for Energy Sector Cybersecurity, dated March 2018 but which […]

  • GE Sets Sights on MHPS and Siemens Customers

    Drawing on decades of gas turbine experience, GE’s Power Services business announced on May 16 that it is expanding its cross-fleet service offerings to a broader portion of the F-class market, including Siemens’ SGT6-5000F and SGT-800 models, and Mitsubishi Hitachi Power Systems’ (MHPS’s) 501F technology. “GE is proven as one of the technology leaders and […]

  • GE Will Take on Alstom Stakes in Energy Joint Ventures for $3.2B

    GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago. Alstom and GE on May 4 signed an agreement that essentially sets out a plan for Alstom to exercise put options on JVs it formed with GE pertaining to their renewables […]

  • M&I Electric announces $5M Dredge vessel power and control system project award

    HOUSTON, May 16, 2018 — American Electric Technologies, Inc., a leading provider of power delivery solutions for the global energy industry, announced today that its M&I Electric business has been awarded a $5M project award for a complete power and control system for a new dredge vessel for a leading US Gulf Coast dredging company. […]

  • Siemens supplies SGT-800 gas turbines to Panama for the first time

    Siemens has received its first order from Panama for six SGT-800 gas turbines. The industrial gas turbines, along with a steam turbine, will provide approximately 440 megawatts of electrical power as part of a flexible combined cycle power plant. This could cover the power demand of approximately 1.9 million residents of Panama. Siemens’ customer is […]

  • South Carolina Electric & Gas Company replaces more than 40% of its nuclear project capacity with purchase of natural gas-fired power plant

    CAYCE, S.C. (May 9, 2018) — South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corp. (NYSE: SCG), announced today that it has completed its purchase of the Columbia Energy Center, a natural-gas-fired power plant in Gaston, S.C. (Calhoun County), from LS Power for approximately $180 million. SCE&G included the purchase of the 540-megawatt combined cycle gas […]

  • NTE Energy Announces Development of South Carolina’s Newest and Most Efficient Power Plant

    ST. AUGUSTINE, Fla. (May 9, 2018) — NTE Energy (NTE) announced that its next power plant will be the approximately 1,000-MW natural gas-fired Anderson County Energy Center located in Anderson County, South Carolina. This state-of-the-art electric generation facility will represent an investment of more than $1 billion in South Carolina, and will feature some of […]

  • Gas-Fired Generation Will Top 2018 Capacity Additions

    The U.S. Energy Information Administration’s (EIA’s) latest report on the nation’s power generation inventory expects 32 GW of new capacity will enter commercial service this year, the most in at least at decade. And for the first time in five years, renewable energy sources will not make up the majority of that new generation. Nearly […]

  • Siemens Plans Temporary Shutdown of Power & Gas Division

    Siemens, one of the world’s largest turbine manufacturers, said it plans to temporarily shut its Power & Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as […]

  • MHPS Tops GE, Siemens in Gas Turbine Market

    A report from Barclays Plc said Mitsubishi Hitachi Power Systems (MHPS) received more than half of all global orders for gas-fueled turbines in the first quarter of 2018, the company’s best-ever performance in a market that has seen traditional gas turbine manufacturers struggle in recent months. The market report from the London, UK-based multinational investment […]

  • Carboline Breaks Ground on New Fire Protective Lab

    St. Louis, Missouri, May 2, 2018 – Carboline has broken ground on a state-of-the-art full-scale passive fire protection testing facility at its Research, Development, & Innovation (RD&I) Center. This $4 million investment is scheduled to be complete by the end of the 2018 calendar year. The new space will be the first manufacturer owned UL-approved […]

  • New Report Details Grid Resiliency Risks Posed by Nuclear Plant Closures

    WASHINGTON (May 3, 2018) — A new report released today by IHS Markit outlines the severe grid resiliency, environmental and financial consequences for customers served by the PJM Interconnection Energy Market (PJM) that will likely result from uneconomic nuclear plant closures. PJM operates the world’s largest competitive wholesale electricity market and coordinates the movement of wholesale electricity […]

  • Kentucky Coal Plant’s Future in Doubt

    An electric cooperative that provides wholesale power and services to customers in 22 counties in western Kentucky has told state regulators it intends to end an operating agreement at a 312-MW coal-fired plant in Henderson, which could lead to the plant’s retirement. Big Rivers Electric on May 1 told the state Public Service Commission (PSC) […]