Business

  • Is the U.S. Too Reliant on Foreign Uranium for Nuclear Power Plant Fuel? [PODCAST]

    The nuclear power industry is struggling in the U.S. Several reactors are at risk of early closure due to difficulty competing in the wholesale power markets. New units being built in South Carolina have been abandoned, while the only other nuclear construction project in the U.S.—the Plant Vogtle expansion in Georgia—is behind schedule and over […]

  • A new method for corrosion prevention

    Corrosion monitoring, control and prevention is an ongoing battle in today’s power plants. Two of the strongest indicators of how well that battle is being waged is to monitor the corrosive salts of chloride and sulfate.

  • PSEG’s Izzo Blasts Power Company Opposition to Revived New Jersey Nuclear Subsidy Bill

    Public Service Enterprise Group (PSEG) President and CEO Ralph Izzo gave NRG Energy a tongue-lashing for its pointed opposition of subsidies for PSEG’s two New Jersey nuclear power plants. The tense moment at a January 25 legislative hearing that sought to revive the measure is illustrative of a growing chasm within the power sector about the […]

  • Experts: Innovative Financial Models Bolstering Rapid Growth of DERs

    The rapid growth of distributed energy resources (DERs) is spawning new financing models that could send growth for the fledgling sector soaring, upending the power sector at an even more breakneck pace. Industry executives at Distributech 2018 in San Antonio, Texas, this week noted that several trends are driving the growth of DERs, which are […]

  • SCANA Sale in Doubt as Questions Swirl

    Several possible suitors for SCANA Corp. emerged last fall when it became evident the South Carolina utility needed a lifeline, after SCANA subsidiary South Carolina Electric and Gas Co. (SCE&G) and state-owned Santee Cooper pulled the plug on the V.C. Summer nuclear project (Figure 1). Now the question is whether those who lost out to […]

  • South Korea Will Fight Solar Tariffs; Others Will Wait

    The global solar industry on January 23 reacted to President Trump’s announcement on Monday that the U.S. will enact a 30% tariff this year on imports of solar cells and modules, a levy that could begin as soon as next month. Some groups said they will take a “wait and see” approach to the charge, […]

  • Building Energy Enters Latin America With First Investment in Chile

    SANTIAGO, CHILE (January 18, 2018) — Building Energy SpA, a multinational company operating as a global integrated IPP in the Renewable Energy Industry, announces the constitution of Building Energy Andes SpA, a Joint Venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile. Scotta Group is an Italian […]

  • Wärtsilä, Schneider Electric Join to Create New Backup Power Solution

    Wärtsilä and Schneider Electric have signed a global cooperation agreement to bring together their individual products and services, along with those of third parties, for the purpose of cooperating on data center projects. The deal focuses on hyperscale data center projects with at least a 10-MW electrical load. The objective of the cooperation is to […]

  • Report: Clean Energy Investments Hit $333.5 Billion in 2017

    Though some countries, including the U.S., have moved to support coal-fired power generation over the past year, investments in renewable energy continued to rise, according to a new report from Bloomberg New Energy Finance (BNEF). The research group on January 16 said global investment in clean energy such as wind and solar reached about $333.5 […]

  • Tampa Electric Will Convert Big Bend Coal Plant to Natural Gas

    An executive with the parent company of Tampa Electric said the utility plans to seek regulatory approval to convert its Big Bend Power Station in Florida, the oldest and last major coal-fired facility in its fleet, to natural gas. Rob Bennett, speaking at a breakfast gathering in Tampa on January 12, said an engineering analysis […]

  • CPUC Backs PG&E Plan to Retire Diablo Canyon Nuclear Plant

    California regulators have approved Pacific Gas & Electric’s (PG&E’s) application to retire the Diablo Canyon nuclear plant by year-end 2025, ending a protracted battle over the generating station that pitted local economic interests against environmentalists and other opponents of nuclear power. The state Public Utilities Commission (CPUC) on January 11 voted unanimously to accept PG&E’s […]

  • AES and Siemens, Two Power Giants, Join Forces on Energy Storage 

    Underscoring energy storage’s new vital role in power company operations, Siemens and AES Corp. have launched a joint company, Fluence Energy, that provides technology solutions paired with engineering and services capabilities. AES and Siemens on January 11 announced that Fluence, which merges AES Energy Storage and Siemens’ energy storage team, received all government approvals for the […]

  • EIA Report: Gas-fired Generation Will Continue to Outpace Coal

    The U.S. Energy Information Administration (EIA) released its first look at expected power generation in 2019, and its conclusions are much the same as those it expects in 2018—the use of natural gas to produce electricity will continue to rise, and the use of coal will continue to decline. EIA’s Short-Term Energy Outlook, released January […]

  • Brookfield Business Partners to Acquire Westinghouse from Toshiba Corp.

    Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp. by business services and industrials company Brookfield Business Partners. Brookfield, a company of Toronto-headquartered Brookfield Asset Management, announced on January 4 that it entered into […]

  • Dominion Will Buy SCANA in $14.6B Deal, Writing Off Failed Nuclear Expansion Assets

    SCANA Corp., a company reeling from a decision to abandon two half-built nuclear reactors at the V.C. Summer project in South Carolina, is getting a lifeline from Dominion Energy, one of the nation’s largest utilities. The two companies on January 3 announced an agreement to combine in a stock-for-stock merger. The proposed deal is valued […]

  • What Is the Future of Independent Power?

    Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

  • India’s Ongoing Power Generation Course Correction

    It is estimated that nearly 240 million Indians currently do not have access to electricity. In many cases that also means a lack of access to adequate health care or educational opportunities. It is no

  • Efficiency Improvements Mark Advances in Gas Turbines

    Engineers from several companies have worked on upgrades to the technology, including designs that emphasize faster starts, quicker ramp-ups, increased efficiency, and better performance in a tight global

  • Hope in the New Year: Opportunities Abound for the Power Industry

    There are challenges facing the power industry in 2018, but there are also a lot of exciting opportunities. Renewable energy and gas-fired generation are expected to continue growing, but changes in federal

  • How to Build a Regulator-Approved Beneficial Electrification Program

    Utilities across the U.S. are aware of beneficial electrification (BE) programs, but wide adoption has been held up by uncertainty about their potential and broader role in the evolving regulated utility

  • Overcoming IIoT, Edge Networking Challenges

    As power plants and substations become more connected, the need for rugged networking equipment built to withstand tough conditions is amplified. The military has already gone through the growing pains, so

  • Collaboration and Innovation Drive Retrofit Success at Plant Barry

    The James M. Barry Electric Generating Plant, both a coal-fired and natural gas-fired facility in Bucks, Alabama, sits on the west bank of the Mobile River. The facility’s coal is delivered via the river

  • Gas Power Generation Thrives, Turbine Manufacturers Struggle

    The amount of electricity produced by gas-fired power generation has been increasing steadily in the U.S. for more than 25 years. The Energy Information Administration (EIA) reports that in 1990 about 372.8

  • Europe’s Power Generation Industry Evolves

    The European Union (EU) is unequivocally continuing down a path of global climate and energy leadership while bringing online more carbon-neutral fuel systems throughout its 28 member states, closing in on the 2020 goal of a 20% reduction in greenhouse gas emissions (GHG) from 1990 levels. Indeed, the newly released European Environment 
Agency’s (EEA’s) Trends […]

  • Could Dispute Resolution Boards Keep Combined Cycle Projects on Schedule?

    Owners and contractors can run into contractual disputes during combined cycle construction projects. Often, the disagreements snowball into lawsuits, which create a lot of activity in attorney offices, but can actually stop activity at the construction site. Engineers and laborers frequently end up taking off their hard hats and setting down their welding torches to […]

  • The Big Picture: Energy Transitions [INFOGRAPHIC]

    An energy transition is underway across the world. Market upheaval, defining events, and recent policy changes have accelerated a shift away from coal toward renewables. Here is how this transformation played out for some of the world’s major economies over the past decade. Graphs show percent of each fuel source of total generation for that […]

  • Spanish Government Takes Steps to Support Coal-fired Generation

    Iberdrola’s global strategy to close its remaining coal-fired power plants has met with government opposition in its home country of Spain. Days after Iberdrola, the country’s largest utility, said it

  • A Bird’s-Eye View: Drones in the Power Sector

    Unmanned aerial systems—drones—have quickly found their place in the power sector. But as the industry moves out of test cases and experiments, and into full implementation of drones, it is facing a whole

  • IEA Predicts End of Coal’s Heyday

    In the next 25 years, the world will turn increasingly to renewables and natural gas to meet energy demand, turning away from coal, according to the International Energy Agency’s (IEA’s) World Energy

  • POWER Digest [January 2018]

    Construction Underway on New Unit at Serbian Coal Plant. It has been almost 30 years since any new power generation capacity was built in Serbia, but that stretch is coming to an end as China Machinery and