Business

Collett & Sons Ltd., a global transport logistics company, has successfully completed the delivery of 90 wind turbine components to the Cushaling Wind Farm in Ireland. “This milestone project is a significant addition to our renewables portfolio, and we are proud to have contributed to Ireland’s renewable energy goals,” the company said. The delivered components […]

In its first 10 months serving Portland General Electric (PGE) customers, the Clearwater Wind Energy Center contributed to new records for PGE wind generation, including helping the company produce 1 GW of power from wind sources alone—a new milestone. 1 GW (or 1,000 MW) is enough electricity to power the equivalent of 830,000 homes, or about half […]

After more than two years of meticulous planning and preparation, on behalf of its client Prysmian, deugro has started the first cable drum deliveries for SuedOstLink. SuedOstLink is operated by the transmission system operator TenneT TSO GmbH. It is considered a central component of the energy transition and is primarily intended to bring electricity from […]

California-based Enphase Energy, a company known for its solar power and electric vehicle (EV) charging technology, announced it is laying off about 500 workers. The company in a Nov. 8 filing with the U.S. Securities and Exchange Commission (SEC) said a challenging economy for the solar power industry requires reduced spending. The cuts come less […]

Vistra is pursuing deals with data center developers in Texas and the PJM region to address the industry’s energy needs at multiple sites, executives revealed during the company’s third-quarter earnings call on Nov. 7. The Texas-based competitive generator has entered discussions with some of the largest, unnamed data center operators to increase output at its […]

Tuesday’s election, which will return Donald Trump to the White House and grant the U.S. Senate a Republican majority, could have sizeable implications for the power industry. In reactions sent to POWER, industry groups expressed a combination of cautious optimism, resilience, and preparedness for potential changes. Industry leaders are bracing for a pro-fossil fuel agenda […]

NKT will deliver high-voltage power cable solutions to RTE to enable its long-term strategy to renew, adapt, and develop France’s electricity grid. As one of Europe’s largest exporters of electricity, the upgrade of France’s grid is essential for the power supply of the continent. RTE, France’s transmission system operator (TSO), has awarded NKT the extension […]

In an era when utilities and power generators rely on digital information technology (IT) infrastructure to help manage oversight of plant operations, ensuring uptime has never been more essential. Unfortunately, severe weather events can strike at any time—ranging from heavy snowfalls to scorching heat and hurricane winds—causing power outages that could bring production to a […]

The Federal Energy Regulatory Commission (FERC) has rejected an amended interconnection agreement that would have supported expanded co-located load at an Amazon Web Services (AWS) data center connected to the 2,520–MWe Susquehanna nuclear power plant in Pennsylvania, citing grid reliability and cost fairness concerns. FERC on Nov. 1 voted 2–1, with Commissioners Mark Christie and […]

You don’t need me to tell you how artificial intelligence (AI) is impacting the power grid; you can just ask AI. Claude, an AI assistant created by Anthropic, told POWER, “AI training and inference are driving unprecedented demand for data center capacity, particularly due to large language models and other compute-intensive AI workloads.” It also […]

The Electric Power Research Institute (EPRI) has launched an ambitious new initiative alongside power companies, grid operators, and several tech giants to establish five to 10 “flexibility hubs” that will demonstrate how data centers can be leveraged as flexible grid resources starting in the first half of 2025. EPRI’s three-year Data Center Flexible Load Initiative […]

Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which the company will seek to secure new ownership while ensuring uninterrupted operations. The company’s Oct. 29 filings at the U.S. Bankruptcy Court for the District […]

A fusion energy company that counts executives such as Eric Schmidt and Bill Gates among its backers has emerged from stealth, announcing $900 million in pledged funding. Pacific Fusion, whose technology builds on recent fusion advances at two U.S. national labs, is the latest U.S.-based group to join a growing list of companies working on […]

Cuba is in the throes of a severe energy crisis, driven by fuel supply disruptions and compounded by obstacles in securing vital technologies and supplies needed to modernize and operate its aging power plants. The situation, exacerbated by U.S. sanctions, has left the nation’s energy system teetering. At the same time, the island nation is […]

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of power infrastructure improvements required for Ohio’s rapidly expanding data center industry. The agreement, which is subject to review and approval by PUCO, sets a precedent […]

Simple cycle gas turbines provide efficiency levels of around 35% to 40%. Combined cycle units boost efficiency to 60% and beyond. But another option is emerging that combines the attributes of simple and combined cycle designs. This hybrid configuration uses a single power turbine expander and recycles exhaust heat back to the combustor to combine […]

The European Commission, the executive arm of the European Union (EU), has said countries across the continent should be encouraged to deploy energy storage. The group has said storage will support the integration of renewable energy resources to the grid, and increase power system flexibility. The use of energy storage also is key to Europe’s […]

The U.S. Department of Energy (DOE) has awarded contracts with a total potential value of $8 million to four nuclear fuel companies to further U.S. enrichment capabilities for high-assay, low-enriched uranium (HALEU), a critical piece of the next-generation nuclear supply chain. The selected companies include Centrus Energy’s American Centrifuge Operating, URENCO’s Louisiana Energy Services, Orano […]

With the 2024 U.S. presidential election rapidly approaching, energy mergers and acquisitions (M&A) professionals are considering how a new presidency could impact the transaction planning, structuring and execution of deals, including how the candidates are likely to approach regulation, especially around M&A. Both candidates are prioritizing different energy subsectors as part of their economic vision […]

A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light water small modular reactors (SMRs) in the U.S. It will also provide funding for “fast follower” deployment support by addressing critical gaps that have long […]

The power generation sector is looking at numerous ways to provide enough electricity to satisfy demand from data centers. Bloomberg Intelligence recently said its research shows data centers, buildings filled with servers and other computing equipment for data storage and networking that supports operations and artificial intelligence (AI), could be responsible for as much as […]

Japan’s Sumitomo Corp and Perennial Power Holdings Inc., a subsidiary of Sumitomo Corp. of Americas, have set up a joint venture with Virginia-based CEP Solar LLC to deliver renewable energy projects across Virginia. The companies said the JV will provide support for the state’s energy supply, in part to help with power demand from Virginia’s […]

In yet another major set of deals spearheaded by a tech giant in support of nuclear power development, Amazon will back the deployment of 5 GW of new X-energy small modular reactor (SMR) projects by 2039, starting with an initial four-unit 320-MWe Xe-100 plant with regional utility Energy Northwest in central Washington. Separately, Amazon signed […]

Dennis Wamsted and Seth Feaster at the Institute for Energy Economics and Financial Analysis recently wrote a commentary looking at Energy Capital Partners’ (ECP) deal to take over ownership of the General James M. Gavin coal-fired power plant in Ohio. The 2,709-MW Gavin plant is ranked as the fifth-largest carbon dioxide-emitting power plant in the […]

Micro-modular nuclear plant developer Last Energy has unveiled plans to deploy four 20-MWe pressurized water reactor (PWR) power plants at the site of a former coal-fired power plant in South Wales. Last Energy’s project will transform the Llynfi Power Station, a now vacant site that housed four 30-MW coal units from 1951 to 1977,  the […]

In a deal that marks the first corporate agreement to deploy multiple small modular reactors (SMRs) in the U.S., Kairos Power and Google have signed a Master Plant Development Agreement to facilitate the development of a 500-MW fleet of molten salt nuclear reactors by 2035 to power Google’s data centers. The first reactor is expected […]

The European Industrial Alliance on Small Modular Reactors (SMRs) has identified nine SMR projects it will support as its first batch of project working groups (PWGs). The effort marks a significant first step toward the alliance’s goal of deploying SMR technologies across Europe by the early 2030s. The alliance, a collaborative public-private platform launched by the […]

President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]

The U.S. electric grid is under more strain than ever to support exponential electricity demand due to artificial intelligence (AI), data centers, electric vehicles, and hotter temperatures. Its infrastructure is made up of 180 million power poles spread out over 5.5 million miles that are frequently bombarded with increasingly severe storms and weather. Worsening SAIDI […]

UPDATED (Oct. 11): The National Oceanic and Atmospheric Administration (NOAA) has upgraded its G4-level “severe” geomagnetic storm watch to a G3-level “strong” geomagnetic storm warning after an anticipated coronal mass ejection (CME) arrived at Earth at 11:15 a.m. EST on Thursday, traveling at nearly 1.5 million miles per hour. The G3-level warning is now in […]