Business

With COVID-19 filling the news throughout 2020, it’s very likely you missed some of the most important developments that occurred in the power sector this year. Here’s a look at some of the highlights and big stories covered by the POWER staff this year. MOX Nuclear Fuel Loaded In January, Russian engineers announced the loading […]

Over the past year, power generators that depend on wholesale electricity markets for the bulk of their revenues endured remarkable pressure stemming from the pandemic, changing company business priorities, and environmentally driven policy shifts. But customer-centric efforts, founded on principles of healthy competition, have helped them persevere, said the Electric Power Supply Association (EPSA).  The […]

2021 Predictions for Energy, Utilities, and Resources Even if the climate crisis is currently having to share headline space with the global pandemic, it has by no means lost its traction. Nor have the perils of climate change lost any of their urgency. Taking a global stance, I would say that the charge to lower […]

Provinces across China are reportedly grappling with crippling power shortages prompted by a surge in power demand from a stunning ramp up in industrial activity, an especially harsh winter, and tight coal supplies, which may be exacerbated by a ban on Australian coal.  Power shortages have been reported in Zhejiang province, an economic powerhouse in […]

Holtec to Complete Decommissioning Decades Sooner than Entergy COVERT, Mich. – Entergy Corporation and Holtec International, through their affiliates, jointly submitted a License Transfer Application today with the U.S. Nuclear Regulatory Commission requesting approval to transfer the NRC licenses for the Palisades Nuclear Plant to Holtec following its shutdown and permanent defueling in the spring […]

The shift from energy consumers to prosumers is fundamentally changing the relationship between utilities and their customers. Behind-the-meter distributed energy resources (DERs) transform the ways households consume, generate, and store power. In the U.S., there are now about 15 million smart thermostats, 2 million solar installations, and 1.5 million electric vehicles (EVs) on the road. And […]

São Vitor Wind Farm is expected to be commissioned by the end of 2022 and will consist of 75 SG 5.8-170 turbines, boasting one of the largest rotors on the onshore market Deal is largest ever for the Siemens Gamesa 5.X platform and for the company in Brazil, and includes a service and maintenance agreement […]

Combined Cycle Units Will Be the Most Efficient Natural Gas Power Generators in Canada Units Are Configured for Future Net Carbon Neutral Emissions Using Hydrogen LAKE MARY, Fla. (December 23, 2020) – Accelerating plans toward a low-carbon future, Capital Power (TSX: CPX) has ordered two Mitsubishi Power M501JAC gas turbines to repower its Genesee Units […]

In light of the ongoing COVID-19 crisis, the energy industry saw surplus supply and a change in usage patterns in 2020, to which it had to adapt painfully. Utility crews had to deal with a tedious hurricane season, with socially distant, limited staff. Artificial intelligence (AI) could have played a role in prioritizing essential tasks […]

We’re at the electric tipping point as electric stoves, vehicles, and construction equipment displace the fossil fuel guzzlers of the past. Yet, before a carbon-neutral future can truly take off, utilities and the electric grid need to innovate. For the world to hit net-zero emissions targets by 2050, grid investments need to almost triple to […]