Business

Hitachi ABB Power Grids, the behemoth joint venture firm officially launched last year when Japanese technology conglomerate Hitachi acquired a majority share in Swiss conglomerate ABB’s Power Grids business, will be known as “Hitachi Energy” starting in October 2021. The name change reflects the firm’s business evolution amid a rapidly evolving energy landscape, the company […]

If you’ve seen the musical “Cabaret,” you know that “money makes the world go ‘round” in a variety of ways. While it may not indeed make the power and energy sectors “go ‘round,” money does

Now, more than ever, businesses are under pressure to ensure that environmental, social, and governance (ESG) issues are being managed effectively. Indeed, the coronavirus pandemic has exposed the need for

Utilities across the Pacific Northwest are bracing for exceptional stress on the grid as record-breaking temperatures continue to fester across the region, and at least one utility—Avista Corp.—this week began rolling outages as a measure to alleviate strain on the electric system. Despite pleas to customers to reduce their power consumption, Avista, which supplies power […]

The project will help OPG’s Darlington nuclear plant deliver reliable, carbon-free power generation for more than the next 30 years as part of its long-term refurbishment strategy Today the Darlington nuclear plant is responsible for generating over 20% of Ontario’s electricity needs, providing enough power for two million homes This latest project  builds on GE […]

As the U.S. moves toward cleaner energy sources, and utilities work toward carbon reduction mandates, coal plants are closing at rapid rates across the country. Approximately 79,000 Americans were employed in coal-fired electricity generation in 2019, 13,000 fewer than in 2016; and in the last year alone, 7,700 coal-fired generation jobs were lost nationwide. The […]

Michigan’s largest energy provider Consumers Energy will stop using coal as a fuel source for power generation within the next four years—15 years earlier than previously planned. In an updated integrated resource plan (IRP) filed with the Michigan Public Service Commission (MPSC) on June 23, the CMS Energy subsidiary said the effort would lead Michigan’s […]

Nuclear energy’s future as a critical pillar in a decarbonized world will depend on its adaptability to rapid change, but the sector must focus on costs, certainty of outcome, reliability, and experience to cement its role beyond the transition, GE Hitachi Nuclear Energy (GEH) President and CEO Jay Wileman told POWER in an exclusive interview. […]

Duke Energy has kicked off an effort to renew the operating licenses of all its 11 nuclear reactors for 20 more years, starting with Oconee Nuclear Station, its largest nuclear plant. The utility on June 21 filed an application with the U.S. Nuclear Regulatory Commission (NRC) for a subsequent license renewal (SLR) for the three-unit 2.5-GW […]

A pioneering pilot project in Lulea, Sweden, designed to produce “fossil-free” steel has successfully completed test production of sponge iron, demonstrating it is possible to use hydrogen made with fossil-free power to reduce iron ore, instead of coal and coke. Swedish energy company Vattenfall, mining company LKAB, and steel manufacturer SSAB—companies that are collaborating under […]