Business

As U.S. electric utilities watch increasing numbers of older workers leave the workforce, they are left with a shrinking pool of experienced personnel. To meet this growing challenge, a number of educational programs are being offered to help younger workers take advantage of career opportunities in the electric power industry.

Critical minerals—such as rare earth metals—are important to many new energy technologies. However, the U.S. Department of Energy is concerned that foreign control of supply, particularly by China, could limit the ability of these technologies to develop fully, so the DOE is developing a strategy to keep the supply chain open. Meanwhile, some analysts say China is playing a losing game with its hold on the minerals.

We’ve heard—endlessly, it seems at times—about "peak oil," the idea that the world is rapidly running out of oil and will face catastrophic consequences. Now talk is emerging about "peak coal."

GDF SUEZ, RWE, and Iberdrola Pull out of Cernavoda Nuclear Expansion. French power company GDF SUEZ, Germany’s RWE, and Spain’s Iberdrola on Jan. 20 said they would no longer participate in a project to build Units 3 and 4 of the Cernavoda nuclear project in Romania. The companies cited “economic and market uncertainties surrounding the […]

The long-struggling uranium business, hoping that demand for nuclear fuel will increase, is slowly stretching its muscles and strengthening exploration and production efforts in the U.S. and elsewhere.

Canada’s extensive natural resources are the driver of its powerful economy, and energy is Canada’s single most important export. Yet policy makers across the nation are currently dealing with the consequences of a generation of under-investment in the electricity system and deciding what the new grid and supply mix should look like. Several provinces are competing to lead the charge in renewable energy and grid intelligence. Policy makers hope that such efforts will not only provide for Canada’s electricity needs but also create the green economy jobs that will drive the nation’s next generation of economic development.

The 2009 blockbuster movie 2012 about a global cataclysm combined Hollywood special effects with supposed predictions by Nostradamus; a Mayan calendar that ends on December 21, 2012; and a very rare planetary alignment that supposedly occurs on the same day. Hollywood producers seldom let technical accuracy get in the way of a good story, but suppose, this one time, the story has an element of truth.

MHI to Continue Pre-Construction Work for North Anna Unit. Mitsubishi Heavy Industries Ltd. (MHI), through Mitsubishi Nuclear Energy Systems Inc., and Dominion subsidiary Virginia Electric and Power Co. on Dec. 27 said they had reached an agreement to continue pre-construction, engineering, and planning work in preparation for a third unit at Dominion’s North Anna Nuclear […]

Although it doesn’t get much attention, the world’s first and largest source of renewable electricity, water power, is still a major player on the world stage. Though viewed as politically incorrect by some folks, mostly in the developed world, and despite its well-known environmental impacts, using water to turn turbines to generate electricity represents an attractive way to generate electricity with no fuel costs, even in the U.S. Here’s what’s being talked about in the U.S., India, Turkey, Nigeria, and China.

Despite high-powered congressional legislation in 2005, the U.S. is still unable to site high-voltage interstate transmission lines in a timely fashion. Two new reports suggest ways out of the gridlock.

Uranium remains plentiful around the world, says a new resource study from MIT, obviating the need to "close" the nuclear fuel cycle by reprocessing and developing breeder reactors.

Given cloud computing’s potential to lower operating costs and increase flexibility, it’s no wonder that it is on the cusp of sending the corporate world into a paradigm shift.

The process of banking allowances under the existing schemes for creating markets for pollution reductions has created a set of difficult problems as those programs have changed, wiping out significant value from the allowances.

As mergers and acquisitions in the power sector heat up again, questions arise about how employee benefits are affected by these complex business deals.

The concept of a smart grid may have been born in the U.S.A., but it’s hitting an adolescent growth spurt just about everywhere else first. Meanwhile, in the U.S., both the regulators and companies that see great potential in a smarter grid are realizing that making substantial smart grid progress will first require making both people and policies smarter. There’s one exception, one piece of the smart grid, that could face fewer obstacles to adoption, and that’s because it offers more obvious and visible benefits to its users: electric vehicles (EVs).

TANE and Shaw to Provide EPC Services for South Texas Expansion. Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy and Toshiba Corp., on Nov. 29 announced that it awarded the engineering, procurement, and construction (EPC) contract for South Texas Projects Units 3 and 4 to a restructured EPC […]

Though electricity generation has entered a key period of transition—as investment shifts to low-carbon technologies—world electricity demand is set to grow faster than any other “final form of energy,” the International Energy Agency (IEA) says in its latest annual World Energy Outlook.

Timothy Curran, head of power for Alstom Power, USA, recently shared his company’s view of 2011 and beyond with POWER’s editor-in-chief.

Paul Browning, vice president, thermal products for GE Power & Water, sees the greatest short-term business opportunities beyond the U.S., in “high-speed” countries.

Utilities have achieved success by supplying electricity from central station plants (the supply side) to a grid that carries electricity to customers (the demand side). One way to improve the efficiency of this supply chain is by adopting smart grid technology. The weak link in that chain is convincing customers to use, and regulators to invest in, the smart grid.

Bill Newsom—vice president, sales & marketing, Mitsubishi Power Systems Americas Inc.—talks about taking the long view with the company’s U.S. investments.

Dr. Michael Weinhold, chief technology officer of Siemens Energy, discusses the company’s 2011 business plans and the role of the smart grid in the future’s energy infrastructure.

Survey wind turbine manufacturers about how to calculate wind farm availability and you will get countless different definitions and exceptions to the rule.

Feed-in tariffs (FITs) have been used by European countries to foster the growth of renewable generation resources, notably solar. These tariffs generally require electric distribution companies to purchase power produced by a specified class of generators at above-market rates. The object of the tariffs is to encourage development of the favored generation resources by ensuring the existence of a profitable market for their power production.

Recent mandates require government facilities to develop energy policies that enable energy conservation, increase the use of renewable energy, and improve energy security. Utilities with government facilities in their service territory may have opportunities to develop solar and other renewable energy projects that help them meet state renewable portfolio standards while increasing a government facility’s usage of renewable energy. The key to such a win-win proposition is careful structuring of the project agreement to leverage each party’s assets.

In 2010 investment in wind power continued to accelerate, particularly in California and Texas. California also entered several solar projects in the race for financing. The finish line that renewable power developers and their partners are racing to meet is a December 31 deadline to qualify for federal cash grants.

Experts have decried congressional and academic reliance on a mathematical model for understanding complex systems that suggests an attack on a small part of the U.S. power grid could disrupt the entire power system network.

Iberdrola Renovables Starts Up National Wind Turbine Control Center. Iberdrola Renovables, a company that owns 41 operating wind farms (3,900 MW in nameplate capacity) in the U.S., on Sept. 26 began operating its National Control Center (NCC), a facility based in Portland, Ore., that has operational control over some 800,000 inputs from 2,500 wind turbines […]

Despite a trendy moniker and lots of hype and interest, the smart grid has been facing some major setbacks of late, as regulators and customers begin challenging some of the claims for what interconnected smart meters will deliver in the way of tangible benefits.

The prospects of a worldwide nuclear power renaissance have spawned many plans for increasing uranium enrichment capacity. Could those plans swamp the world in SWUs?