Business

The U.S. Energy Information Administration’s (EIA’s) latest report on the nation’s power generation inventory expects 32 GW of new capacity will enter commercial service this year, the most in at least at decade. And for the first time in five years, renewable energy sources will not make up the majority of that new generation. Nearly […]

Siemens, one of the world’s largest turbine manufacturers, said it plans to temporarily shut its Power & Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as […]

A report from Barclays Plc said Mitsubishi Hitachi Power Systems (MHPS) received more than half of all global orders for gas-fueled turbines in the first quarter of 2018, the company’s best-ever performance in a market that has seen traditional gas turbine manufacturers struggle in recent months. The market report from the London, UK-based multinational investment […]

St. Louis, Missouri, May 2, 2018 – Carboline has broken ground on a state-of-the-art full-scale passive fire protection testing facility at its Research, Development, & Innovation (RD&I) Center. This $4 million investment is scheduled to be complete by the end of the 2018 calendar year. The new space will be the first manufacturer owned UL-approved […]

WASHINGTON (May 3, 2018) — A new report released today by IHS Markit outlines the severe grid resiliency, environmental and financial consequences for customers served by the PJM Interconnection Energy Market (PJM) that will likely result from uneconomic nuclear plant closures. PJM operates the world’s largest competitive wholesale electricity market and coordinates the movement of wholesale electricity […]

An electric cooperative that provides wholesale power and services to customers in 22 counties in western Kentucky has told state regulators it intends to end an operating agreement at a 312-MW coal-fired plant in Henderson, which could lead to the plant’s retirement. Big Rivers Electric on May 1 told the state Public Service Commission (PSC) […]

Dominion Energy plans to build eight new natural gas-fired power plants and speed the pace of its renewable energy efforts, according to the utility’s integrated resource plan (IRP) filed with Virginia regulators on May 1. The company also said its future plans focus on regulations on carbon emissions in part because Virginia is considering joining the […]

A three-year-long initiative spearheaded by the Federal Aviation Administration (FAA) in collaboration with industry has yielded a blueprint that establishes best operational and safety practices and recommended technologies for flying commercial drones beyond the visual line of sight (BVLOS). As part of the FAA’s 2015-chartered Pathfinder Initiative, the agency partnered with three private companies to […]

Just weeks after the 12th International Renewable Energy Storage Conference (IRES2018) concluded in Düsseldorf, Germany, newly announced figures from Bloomberg New Energy Finance (BNEF) confirmed that battery storage technologies coupled with rapidly expanding renewables are blunting new fossil fuel investments. BNEF’s 2017 figures show that over $330 billion was invested in renewables with comparative costs […]

Germany’s electricity sector faced a renewed, violent shakeup in March as two of its biggest utilities, E.ON and RWE, announced a complex asset exchange that experts said points to the death of the