The power industry will be challenged in the coming year to chart its strategic direction and meet investor expectations, although business conditions should take a turn for the better going into 2010.
The U.S. power industry’s story in 2009 will be all about change, to borrow a now-familiar theme. Though the new administration’s policy specifics hadn’t been revealed as POWER editors prepared this report, it appears that flat load growth in 2009 will give the new administration a unique opportunity to formulate new energy policy without risking that the lights will go out.
News items of interest to power industry professionals. GE Hitachi Nuclear Trade Delegation to India Postponed. In late November, GE Hitachi Nuclear Energy (GEH) announced that its president and CEO, Jack Fuller, would lead a 50-member U.S. trade mission to India Dec. 2–9. It was to be the first civilian nuclear energy delegation to visit […]
Two days before Christmas, the Federal Appeals Court for the District of Columbia reinstated (PDF) the Clean Air Interstate Rule (CAIR) while the Environmental Protection Agency (EPA) makes changes to it. Judge Judith W. Rogers said, "The parties’ persuasive demonstration, extending beyond short-term health benefits to impacts on planning by states and industry with respect to […]
In the past two days, numerous news outlets have reported that president-elect Barack Obama will nominate Nobel Prize winner Steven Chu, director of the Lawrence Berkeley National Laboratory, to become the next secretary of energy. If he is officially announced and then confirmed, Chu will become the 12th individual to lead the Department of Energy. Do you remember the 11 who preceded him, starting in 1977?
News items of interest to power industry professionals. Economic slowdown delays Canadian IGCC plant, kills W.Va. coal-to-liquids plant. Canadian firm Alter NRG announced in late October that it would shift its corporate focus from internally led project development to technology sales, in response to the global economic slowdown and turbulent capital markets. Among the projects […]
An historic election is over and the people have spoken. President-elect Obama and an expanded congressional majority will now rebalance the economic and environmental importance of coal-fired generation in this country differently than ever before, and that change is unsettling to many. When the expected costs of the anticipated new policies are counted, I predict many voters will experience a severe case of buyer’s remorse.
Call it the "trillion dollar conundrum." Really big money is needed to equip the U.S. transmission system to handle a variety of new requirements and increased load, but it isn’t clear how to raise it, spend it, or recover it. Expect new renewables projects to die on the vine until the gridlock loosens.
An integrated matrix of 10 high-power flywheels built and tested by Beacon Power Corp. earlier this year successfully absorbed and supplied a full megawatt of electricity, the energy storage technology company said in September. The achievement could mean that grid regulation using efficient energy storage is close to commercial deployment. The flywheel system, called the […]
This summary of power generation projects is a web-only supplement to the November 2008 special report titled “Whistling in the dark: Inside South Africa’s power crisis.”