Business

ABB has received an order from Transpower New Zealand Ltd to upgrade its high-voltage direct current (HVDC) link which interconnects the transmission grids of the North and South islands. The link is a vital element of the country’s transmission system and is used as an energy-balancing system, between the two islands. ABB Ability™ MACH control system, […]

Japan’s government on July 3 approved a new Basic Energy Plan for the country, saying it is committed to increasing the role of renewable resources for power generation while also confirming it wants nuclear power to remain a vital part of the nation’s energy strategy. Japan issues a revised Basic Energy Plan, which outlines the […]

Miami, FL (July 2, 2018) – Atlas Renewable Energy announced today the closing of long-term financing for its El Naranjal and Del Litoral solar PV projects in Salto, Uruguay. The financing was secured through a US Private Placement with several international investors, placed by DNB Markets, Inc.  and the Inter-American Investment Corporation (IDB-Invest). The deal was […]

Milan, Italy (July 2, 2018) — Be Power and ABB will cooperate in the Dispatching Service Market (MSD). Be Power is the Digital Green Utility of the Building Energy Group with a trailblazing business model based on the synergies between the markets of energy and mobility. This model aims at integrating the opportunities arising from the […]

The technology group Wärtsilä has been selected to provide the generating equipment for a new gas-fired power plant needed to alleviate the shortage of electricity in Myanmar. The power plant will operate on eight Wärtsilä 50SG gas-fueled engines, and the electricity generated will be fed into the national grid. The 145-MW plant is being built […]

Across the country, energy and utility companies are adopting and using drone technology to increase their business operations and improve overall safety of their workforces. Many companies are also discussing the risks and rewards of implementing new safety technology on job sites. With workplace fatalities in the transportation, warehousing, and utilities sectors comprising 17.3% of […]

In recent years, the use of single-shaft combined cycle power plants has steadily increased in the U.S. While multi-shaft configurations are advantageous in certain scenarios—for example, when layout flexibility or phased installation is needed—single-shaft designs have proven to be a highly efficient and cost-saving option for power plant owners and operators seeking to maximize the […]

Because the widespread adoption of electric vehicles (EVs) could ramp up demand for electricity and slash transportation-related emissions of carbon dioxide and other pollutants, a growing group of stakeholders, including power companies and trade groups, strongly advocate for an accelerated EV rollout. By mid-2018, several countries with potentially large EV markets had set EV deployment targets, as well […]

Nigeria’s government joined with Russia’s State Atomic Energy Corp. (Rosatom) last year with a goal to develop the country’s first nuclear power plant, a plan that both sides confirmed and talked about

New hydropower capacity installed worldwide plunged 36% in 2017 compared to 2016, but the sector remains optimistic about its future despite a transitioning role for hydropower away from baseload power and