Business

Reforging its core business to return to competitiveness after record losses of €4.83 billion in 2014, French nuclear firm AREVA has split its five operational business units and rebranded them—again. All

Spanish market and competition regulator CNMC (Comisión Nacional de los Mercados y la Competencia) in a report published on January 24 said a draft government decree to block power plant closures if they

Europe’s decade-long economic and regulatory commitment to the offshore wind industry has paid off. With approximately 14 GW of power installed as of June 2017, the continent now boasts more than 90% of

Power plants are challenged to generate value from their data, but this can be a tedious and slow process, with uncertain outcomes. Now, as shown in these use cases, data analytic solutions can put innovation

Spent nuclear fuel has continued to accumulate at sites across the nation, paralyzed by a government deadlock on a nuclear waste management strategy formally established 35 years ago. Can recent developments

The private sector is traditionally known as a driver of innovation, so it may be surprising to some people that many businesses have only recently begun to consider advanced energy technologies. Looking at

The ELECTRIC POWER Conference + Exhibition for two decades has been the place for those in the power generation industry to come together for up-to-date training and continuing education—a place to gain a

Concentric Power, a California-based provider of high-efficiency energy modules for onsite refrigeration and electric power generation, recently launched a $100 million financing program for cogeneration and microgrid projects. “We are excited to create a new path forward in energy infrastructure financing and development,” Brian Curtis, founder and CEO of Concentric Power, said in a press […]

CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company has signed a Cooperation Agreement for lead-cooled fast reactor (LFR) technology development with the Italian National Agency for New Technologies, Energy and Sustainable Economic Development (ENEA) and Ansaldo Nucleare. The agreement demonstrates each party’s commitment to collaborating toward the development of a next-generation nuclear plant based on LFR technology, […]

In what has been a much longer and more drawn-out process than Entergy could have imagined when it first proposed a new gas-fired power plant in New Orleans, the company got some good news on February 21. The Utility, Cable, Telecommunications, and Technology Committee agreed—after what has turned out to be years of discussion—to send […]

CHICAGO (February 22, 2018) —Uptake, the industrial data science and artificial intelligence (AI) software company, today announced that Pattern Energy Group Inc. (Nasdaq & TSX: PEGI) will pilot Uptake’s wind software. Pattern Energy, the seventh largest wind operator in the U.S., will pilot the predictive analytics software at its Logan’s Gap Wind farm in Comanche County, […]

PARIS (February 22, 2018) — Saft is building an alliance with other European partners to launch an ambitious program of research, development and industrialization for new generations of batteries focusing on advanced high-density Li-ion and Solid-State technology. The program addresses all market segments, such as electro-mobility (EV, e-Bus, Railway, Marine, Aviation), energy storage (ESS) and […]

FirstEnergy Corp. bled $2.64 billion from its competitive businesses over 2017, financial losses exacerbated by marked declines in contract sales, higher operating expenses, and costs associated with asset impairment and plant exit. The Akron, Ohio–based company, which in January received a $2.5 billion equity injection from four private investment groups to boost its transition to […]

CHICAGO, IL AND IRVINE, CA (February 21, 2018) — Invenergy, North America’s largest independent, privately-held renewable energy company, and NarrativeWave, an Irvine-based Internet of Things software company, announced a three-year agreement. Invenergy will use NarrativeWave’s software to optimize its fleet of wind turbines and other renewable energy assets. The announcement follows a successful 60-day pilot, […]

ISMANING – February 21th 2018 – VIBSCANNER 2, the new high-speed data collector, increases the efficiency of vibration-based condition monitoring of machines and plants. PRUFTECHNIK, the Bavarian manufacturer, has developed and produced the new device according to the motto “keep it smart and simple”. The result is a vibration measurement instrument on the pulse of […]

With the Indian Government’s ambitious growth plans in the energy sector, and the aim to raise contribution in indigenous manufacturing under “Make in India” initiative, M/s Nuclear Power Corporation of India (NPCIL) has awarded an order worth Euros 55 million (Rupees 4130 million) to KSB Pumps Limited for the supply of eight primary coolant pumps […]

Coal-fired power generation has taken another punch, as Consumers Energy—which along with DTE Energy supplies most of Michigan’s power—has announced it will phase out coal burning over the next two decades, with a plan to generate at least 40% of its electricity from renewable sources by 2040. Patti Poppe, Consumers’ president and CEO, made the […]

Cybersecurity threats have increased dramatically as sophisticated, nation-state developed hacking programs have been leaked to the general public. Now, common criminals have high-tech tools at their disposal with the capability to cause serious damage. As such, the power industry must take precautions and upgrade security to keep systems safe. While regulations provide a minimum security […]

In a move designed to resolve a Sierra Club lawsuit before it was even filed, Talen Energy agreed to operate its Brunner Island Steam Electric Station, a 1,411-MW plant located in York Haven, Pennsylvania, only on natural gas during the ozone season beginning in 2023 and to cease coal operations altogether by the end of […]

The Trump administration’s fiscal year 2019 budget request released February 12 asks for more money to support fossil fuel-based power systems, but seeks funding below current levels for other energy initiatives, including renewable energy and energy efficiency. The energy funding is part of a $4.4 trillion budget that features large increases in military spending, along […]

After decades of lethargic power demand—and negative growth in 2017—U.S. electricity use is expected to grow steadily through 2050, driven by a healthy economy and increasing efficiency, the U.S. Energy Information Administration (EIA) projects in its Annual Electricity Outlook 2018 (AEO2018). However, during that period, direct-use generation will outpace growth in retail sales as more […]

NRG Energy, in a bid to shed $7 billion in consolidated debt, is selling the bulk of its renewable assets and development platforms along with several coal and natural gas power plants worth 3.6 GW tied to its South Central Generating business. The independent power producer, which recently relinquished bankrupt wholesale generator GenOn Energy to […]

Valmet has signed a Value-Added Reseller (VAR) partnership agreement for power and process industry automation with RR Projects in Tullamore, Ireland, to go into effect immediately. Together, the two companies will be targeting Irish process industries in the utility sector, particularly power and water. Valmet will benefit from the capabilities of RR Projects to provide […]

Shareholders of Mississippi Power will have to absorb the majority of outstanding costs resulting from the scuttled Kemper County coal gasification project, as the state’s Public Service Commission (PSC) on February 6 approved a settlement for the remaining liabilities associated with the much-touted “clean coal” plant. Mississippi Power in a statement said it “is pleased […]

American Electric Power (AEP), one of the nation’s largest power generators, will pursue a strategy to reduce its carbon dioxide (CO2) emissions by 60% from 2000 levels by 2030, and 80% from 2000 levels by 2050. AEP expects to achieve carbon reductions through a variety of actions, including investments in renewable generation and advanced technologies […]

Exelon Generation will shutter its Oyster Creek Generating Station in October 2018—more than a year before it is required to close the single-unit reactor as part of an agreement with the state of New Jersey. Exelon agreed in 2010 to close the unit by December 2019—10 years before its license to operate expires—after it decided […]

China’s State-Owned Assets Supervision and Administration Commission reorganized and transferred China Nuclear Engineering & Construction Corp. (CNEC) to China National Nuclear Corp. (CNNC) on January 31, forming a new giant in the nuclear power industry. The combined company is estimated to have nearly $100 billion in combined assets and almost 150,000 employees, according to data […]

The Nigerian National Petroleum Corp. (NNPC) in December 2017 announced a plan to build three natural gas-fired power plants in the country, thanks to a $2.8 billion pipeline project that would bring natural gas from the southern part of the African nation to its northern region. The plants, sited in Abuja, Kaduna, and Kano, would […]

Increasing uncertainties concerning low forecasted load; construction financing constraints and reversals; state certification hurdles; and challenges to nuclear profitability posed by the growing share of coal plants beset the nuclear industry in the early 1970s. The nuclear suffered a renewed economic meltdown and fierce public pushback in the aftermath of the Three Mile Island accident […]

GE has operated its monitoring and diagnostics center for nearly two decades, examining the performance and health of customers’ power plants and other generating assets around the world. Understanding some