Business
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Nuclear
Breakthrough: Laser-Powered Fusion Experiment Nears ‘Ignition’
An experiment at Lawrence Livermore National Laboratory’s (LLNL’s) National Ignition Facility (NIF) appears to have approached fusion ignition as it recreated the extreme temperatures and pressures at the heart of the sun for a tiny fraction of a second. The momentous step has fueled new optimism for fusion energy. The experiment on Aug. 8 “was […]
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Nuclear
Former Westinghouse Executive Charged with Conspiracy, Fraud in Connection with V.C. Summer Nuclear Project
Former Westinghouse Electric Co. Senior Vice President Jeffrey A. Benjamin was charged with 16 felony counts, including conspiracy, wire fraud, securities fraud, and causing a publicly traded company to keep a false record, for his part in failing to truthfully report information regarding construction of new nuclear units at the V.C. Summer nuclear plant in […]
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Energy Storage
EIA: Large-Scale U.S. Battery Power Capacity Slated for Fourfold Expansion in Two Years
Large-scale battery power capacity in the U.S. surged 35% over 2020 to reach 1,650 MW, and according to the Energy Information Administration (EIA), utilities are planning to ramp up that capacity by 10 GW over the next two years. In a newly released report, Battery Storage in the United States: An Update on Market Trends, […]
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Press Releases
NuScale Power signs Memorandum of Understanding with Xcel Energy to explore potential plant operations
NuScale Power and Xcel Energy agree to examine future partnerships PORTLAND, Ore. — NuScale Power, LLC (NuScale) is pleased to announce it has signed a memorandum of understanding (MOU) with Xcel Energy Inc. (Xcel Energy), a leading energy utility provider, to explore the feasibility of Xcel Energy serving as a plant operator at NuScale Plants. […]
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News
PSEG Agrees to Sell 6.8-GW Fossil Fleet to ArcLight Capital
Public Service Enterprise Group (PSEG) has agreed to sell its 6.8-GW portfolio of non-nuclear generating assets—a fleet of 13 gas plants—to a fund controlled by ArcLight Capital Partners LLC for about $1.92 billion. The sale, which effectively sets up its exit from the competitive generation business, is expected to be completed late in the fourth […]
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News
Gas Exploration and Production Company to Buy Gas-Fired Power Plant in Texas
BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021. “We’re excited about this acquisition, and […]
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Nuclear
Nuclear First: 3D-Printed Safety-Related Components Installed at Browns Ferry
Marking a notable milestone for nuclear component additive manufacturing, four 3D-printed fuel assembly channel fasteners have been installed and are now operational at Tennessee Valley Authority’s (TVA’s) Browns Ferry Nuclear Plant Unit 2 in Athens, Alabama. Channel fasteners are a type of bracket that attaches to the top of the nuclear fuel assembly to hold […]
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Hydro
Hydropower Levels Under Careful Watch as Drought Ravages the West
Intensifying drought conditions in California and historically low water levels at the Oroville Dam on Aug. 5 forced the state’s Department of Water Resources (CDWR) to shut down the 644-MW Edward Hyatt Power Plant—the fourth largest energy producer of all California’s hydroelectric facilities. Similar conditions across the West are prompting a careful watch over hydropower facilities.
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Nuclear
Urgency Ramping Up to Commercialize Nuclear Accident Tolerant Fuels by 2025
Marking another milestone in an industry-led accelerated quest to commercialize accident tolerant fuels (ATF), nuclear fuel test rods containing Westinghouse’s EnCore technologies that completed their inaugural cycle at Exelon’s Byron nuclear plant have shipped to Oak Ridge National Laboratory (ORNL). While initial visual inspections show “no signs of degradation,” the irradiated fuel will now be […]
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International
Why UK Businesses Should Invest in New Machinery and Plant Equipment Now
After more than 12 months of unprecedented working conditions and extremely tough challenges for power companies, the most sensible route for businesses in the coming year seems, on the face of it, to be to consolidate and let things settle whilst the economy stabilises. However, economic predictions for the next year tell us that savvy […]
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