Business

Long a tightly controlled near-monopoly, the market for enriched uranium is finally about to see some meaningful foreign competition.

Berkeley, Calif., startup LightSail Energy, which aims to produce “the world’s cleanest and most economical energy storage systems,” has secured $37.3 million in a Series D round that included three big-name investors: Bill Gates, Vinod Khosla, and Peter Thiel.

When you’re building a natural gas pipeline, running pipe from Point A to Point B is only the final, most obvious step. You’ve got to jump through a lot of hoops to get there, in a process that can take years and that involves a lot of foresight.

The back-to-back collapse at the end of July of India’s Northern, Eastern, and Northeastern grids that slashed power to more than 60% of India’s population of 1.24 billion has impelled the country into a spending frenzy to upgrade its rickety power network, which, a government inquiry revealed, was one cause of the unprecedented blackouts.

Global Companies Take on Nigeria’s Newly Privatized Plants. Nigeria’s $1 billion liquidation of five government-owned thermal and hydropower generation companies—part of a wider privatization effort that includes transmission and distribution assets to encourage investment in the power shortage–stricken country’s electricity sector—has attracted a number of global companies and investors. Eight firms bid a total of […]

A number of factors promote effective and responsible completion of EHS audit action plans, with the most important being the proper alignment of responsibility and authority for developing and implementing the audit action plan.

Data detailing plans for new nuclear reactors worldwide show few effects of the March 2011 Fukushima accident. China and Russia in particular continue to be hot spots for nuclear development, but cost overruns, construction glitches, and ongoing safety reviews are slowing construction projects elsewhere.

The National Park Service on Monday approved a $1.2 billion 500-kV transmission line that will run from the Berwick area in Pennsylvania to Roseland, N.J., a project that developers Public Service Electric and Gas Co. (PSE&G) and PPL Electric Utilities say will boost electric service reliability and provide a significant economic stimulus to the region.

Chile Supreme Court Strikes Plans for $5B Coal Plant. Chile’s Supreme Court on Aug. 28 rejected the $5 billion Central Castilla thermoelectric power plant planned by Brazilian firm MPX Energia and Germany’s E.ON, citing environmental reasons. Developers argued that the 2,100-MW plant is needed by Chile, the world’s foremost copper producer, which struggles with high […]

The fate of coal-fired generation remains fluid as owners weigh environmental rules, the effect of low natural gas prices, and the shifting cost of investing in emissions control technology. An analysis of generating unit data suggests that smaller, older, less-efficient, and less-frequently dispatched assets are most vulnerable to retirements. Recently accelerated retirement dates for some units indicate that economic factors are a more important determining factor than pending environmental mandates

China’s five largest power generators own half of that country’s power generating assets. Faulty policies and the rapidly changing global economy have made it difficult for these companies to fulfill the high expectations arising from enactment of the Power System Reform Scheme of 2002

To view a larger version of this graphic, download the file here.

Current low gas prices offer a unique opportunity to lock in savings for years to come—but only if utilities, gas suppliers, and regulators have the vision to commit to a new way of doing business.

Low natural gas prices and still-soft electricity demand are forcing low-load and cycling operations at traditionally baseloaded coal units across the country. The resulting challenges were top of mind at the Electric Utility Cost Group’s (EUCG’s) fall meeting in Denver last week. One member of the EUCG’s fossil generation committee from an Ohio Valley utility said that cycling and low-load operations pose challenges for one of his company’s 1,300-MW coal-fired plants that “two years ago we wouldn’t have considered possible.”

Cyber attacks on the utility industry are no longer theoretical. According to multiple sources, smart grid technology vendor Telvent told U.S., Canadian, and Spanish customers on Sept. 10 that hackers had broken through its firewall and accessed “project files” related to its OASyS SCADA system. On Wednesday, reports surfaced that, based on the perpetrators’ “digital fingerprints,” the attack appears to be the work of a well-known Chinese hacker group.

About 1,792 MW of existing generation in the New York bulk power system is expected to retire or be mothballed over the next decade, and if demand heightens as has been forecast by 2020, the state’s grid could see a 1,000-MW generation gap, the New York Independent System Operator (NYISO) warned in its recently released 2012 Reliability Needs Assessment (RNA).

San Diego Gas & Electric (SDG&E) has agreed to pay $6.4 million to the U.S. Forest Service to settle claims related to one of the largest wildfires in California history. The utility has already paid more than $1 billion to settle thousands of lawsuits after state investigations concluded that the company’s high-voltage power lines produced electrical arcing and ignited the 2007 Witch Creek Fire that ravaged 198,000 acres near Santa Ysabel in San Diego County, Calif.

Making sense out of the NERC cyber security rules is inherently difficult; the ever-changing regulatory scene makes it even harder. With Version 4 now in hand, Version 5 is on the way.

Facing increasing competition and a slumping economy, China is moving to strengthen its already robust monopoly over rare earth minerals vital to many advanced energy technologies.

Firing a worker is not an easy task, something no conscientious manager takes lightly. And the decision can come back to bite. But it is sometimes necessary and there are ways to do the job that minimize the risks to the organization.

After a slowdown in the first half of 2012, merger activity in the power sector may be heating up again. One surprising target given the current environment: Coal.

In testimony before a congressional subcommittee, Joseph McClelland, director of the Federal Energy Regulatory Commission (FERC) Office of Electric Reliability, enumerated the ways in which the U.S. regulatory system is ill-equipped to deal with time-sensitive threats to physical and cyber assets of its power system.

Residents of Cuba’s capital Havana and millions of others living in an area stretching 450 miles from the nation’s southeastern province of Camaguey to the westernmost province of Pinar del Rio experienced a massive blackout on Sunday night caused by an "interruption" in a 220-kV transmission line, the government said.

Belgian Cabinet Votes to Prolong Tihange 1 Reactor Life. Belgium’s cabinet in early July approved plans by GDF Suez subsidiary Electrabel to keep the 1975-built Tihange 1 reactor operating until 2025—almost a decade longer than planned—but it rejected a proposal to delay by a year the planned 2015 closure of Electrabel’s two 1975-built reactors at […]

Droughts, unreliable gas imports, and protests against proposed projects have hampered the Chilean power sector and its largest economic driver, the copper-mining industry. Recent policies designed to foster more reliable supplies are a move in the right direction, but remaining obstacles are formidable.

The natural gas and electricity industries have entered into an increasingly codependent relationship as coal-fired electricity gives way to natural gas–fired generation. Both industries are firmly committed to providing reliable service, although each goes about its business in different ways. Utilities, regulators, and stakeholders are searching for ways to align interests and expectations.

Plentiful supplies of low-cost natural gas have changed unit dispatch orders across the U.S., led to thermal stress–induced maintenance issues at cycling coal plants, and resulted in management challenges at coal and gas units alike. This scenario is unlikely to change so long as gas holds its competitive edge over coal.

Omaha Public Power District (OPPD) has postponed restart of its troubled 478-MW Fort Calhoun nuclear plant for the third time since it was shut down 16 months ago. Restart of the reactor, located 19 miles north of Omaha, Neb., requires regulatory approval, and that is now tentatively anticipated early next year.