Business

  • Hydrogen Offers a ‘Multi-Billion-Dollar Opportunity’ This Decade for Innovative Companies

    Hydrogen demand throughout the world reached 94 million metric tons in 2021, according to the International Energy Agency’s (IEA’s) Global Hydrogen Review 2022, an annual report issued by the IEA in late September last year. Demand for new applications grew to about 40,000 metric tons (up 60% from 2020, albeit from a low base). Notably, […]

  • Busy Week: News and Notes from the Power Industry (July 27, 2023)

    A number of companies in the power industry revealed new projects and other interesting developments this week. The following are some the more noteworthy announcements that POWER has been monitoring. BWXT to Provide Nuclear Reactor Engine and Fuel for DARPA Space Project BWX Technologies Inc. (BWXT) announced on July 26 that its reactor and fuel […]

  • Transmission for Transition: Solving the South African Energy Crisis Through Logistics

    South Africa is in the midst of an energy crisis characterized by electricity shortages, blackouts, and lack of new infrastructure investment. Eskom, the state-owned utility supplying more than 90% of the nation’s electricity, has suffered from operational failures, maintenance issues, and breakdowns at aging, poorly maintained power stations, leading to steady declines in the energy […]

  • Energy Storage Projects Commissioned to Serve New York City

    A Virginia-headquartered group said it has brought online the first two of the company’s four planned energy storage systems (ESS) designed to support and stabilize the New York City power grid. Summit Ridge Energy on July 25 said the projects, located across Brooklyn and Staten Island, ultimately will provide 58 MWh of generation to the […]

  • Lamons® and Modumetal Announce Partnership

    History and Innovation Come Together for Advancement in Corrosion Protection for Bolting  HOUSTON, TX (July 24, 2023) – Lamons, a global leader in safety sealing and attachment solutions, announced a new partnership with Modumetal, a state-of-the-art research and development company focused on a new class of metals known as nanolaminated metals. Combining the 75-year history […]

  • Al Gore-backed Energy Group Announces $20 Billion Investment in Offshore Wind

    A UK-based energy supplier that counts former U.S. Vice President Al Gore among its investors announced it would pour about $20 billion into offshore wind projects by 2030. Octopus Energy Group on July 24 said the investment would come through its generation division. The company said it envisions building 12 GW of offshore wind capacity […]

  • How Utilities Can Achieve Automated, Condition-Based Grid Maintenance to Boost Safety and Grid Reliability

    Site safety, equipment reliability, and a balanced budget from smooth operations are the cornerstones of a successful power grid. Today’s utility companies face immense challenges with current equipment monitoring practices, such as failures from aging electrical equipment, the need to extend the life of critical assets, and carrying out ongoing lifecycle management that is essential […]

  • How to Achieve a Thriving Nuclear Power Industry in the U.S.

    There are many reasons to be excited about the U.S. nuclear power industry and its potential for growth. For activists focused on climate change, its carbon-free attribute makes it a viable long-term power resource. Additionally, its around-the-clock generating capability makes it a vital option in a world increasingly filled with intermittent renewables. Furthermore, new technology […]

  • World premiere: CMBlu delivers first Organic SolidFlow energy storage to one of the biggest solar parks in Austria

    Eisenstadt, Austria, 19 July 2023 – The first operational Organic SolidFlow Battery of the world has successfully been delivered. CMBlu Energy, the manufacturer of this secure, sustainable and affordable battery storage system and Burgenland Energie, the hosting electric utility, have held a ceremony with prestigious guests covering politics, economics and science. The world premiere took […]

  • POWER and Enverus Partner on New Power Industry Data and Insights Tool

    Power industry professionals searching for valuable data and insights on U.S. power plants will find a wealth of information in the POWER Plant ID (Intelligence Database) research tool. Data available includes plant locations, capacities, generation types, ownership breakdown, production history, emissions data, and more.   HOUSTON/AUSTIN, Texas (July 18, 2023) — POWER, the leading power […]

  • Saudi Group Set to Build 10-GW Wind Farm in Egypt

    Egypt’s support for renewable energy has received another boost, with ACWA Power and Egyptian officials on July 17 signing an agreement to allocate land for a 10-GW wind power project. Saudi Arabia-based ACWA Power, the world’s largest private water desalination company, on Monday announced a memorandum of understanding (MoU) with the New and Renewable Energy […]

  • Magnashear™ Motor Brakes Eliminate Pitch Drive Maintenance

    Fairfield, OH – Maintaining yaw and pitch drives is a challenge because of the inherent time that it takes for maintenance personnel to ascend to the nacelle.  But foregoing maintenance can lead to costly failures and even more downtime.  The Magnashear™ motor brake from Force Control Industries eliminate pitch drive maintenance by eliminating the root […]

  • Curtiss-Wright’s Brea CA Facility Receives ISO 9001:2015 Certification

    BREA, CA ­– July 14, 2023 – Curtiss-Wright’s Nuclear division announced today that its Brea, CA facility has received ISO 9001:2015 certification for its quality management system (QMS). This globally-recognized certification allows the company to provide valves, vessels, actuators, control systems, and engineering services for use in construction of next generation Advanced Reactor (AR) and […]

  • The Future of the Utilities Workforce: Building Capabilities in the Digital Era

    The utility industry is facing a major challenge as it navigates the constantly evolving landscape of the electric grid. Managing the transformation brought about by the increasing popularity of electric vehicles, the rise of remote and hybrid work, and the growing reliance on renewable energy sources has become central to the industry. Operators must adapt […]

  • Emerging Risks in Renewable Energy: A Brief Overview of Solar, Wind, BESS, and Hydro Trends in Latin America

    Renewable energy technologies, including solar, wind, hydro, and battery energy storage systems (BESS), are at the forefront of the global energy transition. The U.S. and Latin America (LATAM) are witnessing significant advancements in these technologies, driven by geopolitical and economic trends. The International Energy Agency (IEA) projects a growth of electricity demand from 1,295 TWh […]

  • How Renewable Propane-Fueled EV Charging Solutions Can Significantly Cut Carbon Emissions

    Calculating and comparing air emissions from electric vehicles (EVs) and gasoline- or diesel-fueled vehicles is a complicated endeavor. While EVs, including hybrids, produce lower tailpipe emissions than conventional vehicles do—and zero tailpipe emissions when running only on electricity—tailpipe emissions are only one factor to consider in a vehicle’s lifecycle emissions. Gasoline and electricity fuel pathways […]

  • Watertight AUMA actuators for underwater hydro turbine control

    An AUMA electric actuation solution ensures high-precision guide vane adjustment for a fully-submersible hydro turbine from Natel Energy at the Sauerbrunn hydropower plant near Graz, Austria, thus helping to boost green energy. California-based turbine manufacturer Natel Energy required an actuator that could operate continuously underwater, provide accurate positioning to optimally control the water supply to […]

  • Amazon, AES Partner on First Utility-Scale Wind Farm in Mississippi

    Amazon, the online retailer with a goal of powering its operations with 100% renewable energy by 2025, on July 7 announced a project that would be the first utility-scale wind farm in Mississippi. The 184.5-MW Delta wind farm, being built in Tunica County, is Amazon’s sixth renewable energy installation in that state, and will join […]

  • POWER’s 2023 Plant of the Year: Estrella del Mar III

    For more than four decades, POWER magazine has honored the top performers in the electricity-generating industry with annual power plant awards. Award winners are selected by the editors of POWER based on nominations submitted by industry insiders, including suppliers, designers, constructors, and operators of power plants. Winning POWER’s Plant of the Year in 2023 is […]

  • Estrella del Mar III, a Visionary Floating Power Plant, Is POWER’s Plant of the Year

    Winning POWER’s highest honor is Estrella del Mar III, a first-of-its-kind floating combined cycle gas turbine power barge that fulfills a remarkable assortment of modern power system demands. Nearly fully

  • Dominion Energy’s Reverse Osmosis Concentrate Recovery System Wins POWER’s Water Award

    Sustainability and corporate responsibility are hugely important to power companies and their stakeholders today. When employees take these initiatives to heart and implement innovative ideas, goals can be met

  • Space Solar Power Prototype Beams First Power to Earth

    California Institute of Technology’s (Caltech’s) first space-borne prototype launched into orbit has demonstrated the ability to wirelessly transmit power in space and beam detectable power to Earth. The

  • Clean Energy Transition Continues Despite Reliability, Supply Chain, and Financial Uncertainty

    Although there is a risk of energy shortfalls in parts of the U.S. if extreme summer temperatures materialize, there is no stopping the clean energy transition that is sweeping the nation. Energy storage

  • Integration of Hydropower and Hydrogen Gains Momentum

    In May, U.S. national laboratories Idaho National Laboratory (INL) and the Pacific Northwest National Laboratory (PNNL) partnered with regulated utility Idaho Power to determine the viability of integrating

  • Interconnection Constraints Threaten Success of Clean Energy Projects

    Power projects are filled with risk. One of the biggest risks today for clean energy developers involves interconnection constraints. And according to Sarp Ozkan, vice president of Commercial Product at

  • Ways to Address the Wind Power Technology Talent Gap

    In the face of climate change and clean energy mandates, the demand for affordable, resilient and renewable wind energy is set to accelerate. While it took the global wind energy sector 40 years to reach one terawatt (TW) in installed capacity, expected by the end of this year, it will take just eight years to […]

  • Zinc Batteries Fare Well in Life Cycle Assessments

    As promising zinc-based battery technologies advance, Life Cycle Assessments (LCA) provided by certified, independent third parties can serve as differentiators in the crowded field of energy storage options. Several zinc battery developers have commissioned Boundless Impact Research & Analytics to provide LCAs, systematic analyses of the potential environmental impacts of these emerging clean technologies during […]

  • Finnish Group Touts Nuclear Reactor for District Heating

    A Finnish group announced construction of a reactor-based heating plant that would provide residential and district heating, saying the project would advance the district energy model and support decarbonization and electrification in Europe as more countries move away from the use of fossil fuels for energy. Steady Energy, a company spun out of the VTT […]

  • Siemens Energy Investigating Dark Web Ransomware Claim

    Siemens Energy and Schneider Electric, two industrial control system (ICS) vendors for critical infrastructure industries, have been reportedly listed as ransomware victims by cybercrime gang CL0P, though any targeted attacks are yet unconfirmed. The ransomware gang, also known as TA505, began exploiting a vulnerability in MOVEit Transfer, an internet-facing automated file transfer web application, starting […]

  • eschbach AI Team Garners Connected Plant 2023 Game Changer Award

    Shiftconnector Smart Search Accelerates Plant Floor Search Capabilities with AI Boston, MA – June 26, 2023 – Global software developer eschbach, provider of the Shiftconnector® enterprise software platform for process manufacturing, announces that its AI development team was awarded a 2023 Game Changer Award for its new Shiftconnector Smart Search functionality. The eschbach team was […]