Business

FirstEnergy Corp. bled $2.64 billion from its competitive businesses over 2017, financial losses exacerbated by marked declines in contract sales, higher operating expenses, and costs associated with asset impairment and plant exit. The Akron, Ohio–based company, which in January received a $2.5 billion equity injection from four private investment groups to boost its transition to […]

CHICAGO, IL AND IRVINE, CA (February 21, 2018) — Invenergy, North America’s largest independent, privately-held renewable energy company, and NarrativeWave, an Irvine-based Internet of Things software company, announced a three-year agreement. Invenergy will use NarrativeWave’s software to optimize its fleet of wind turbines and other renewable energy assets. The announcement follows a successful 60-day pilot, […]

ISMANING – February 21th 2018 – VIBSCANNER 2, the new high-speed data collector, increases the efficiency of vibration-based condition monitoring of machines and plants. PRUFTECHNIK, the Bavarian manufacturer, has developed and produced the new device according to the motto “keep it smart and simple”. The result is a vibration measurement instrument on the pulse of […]

With the Indian Government’s ambitious growth plans in the energy sector, and the aim to raise contribution in indigenous manufacturing under “Make in India” initiative, M/s Nuclear Power Corporation of India (NPCIL) has awarded an order worth Euros 55 million (Rupees 4130 million) to KSB Pumps Limited for the supply of eight primary coolant pumps […]

Coal-fired power generation has taken another punch, as Consumers Energy—which along with DTE Energy supplies most of Michigan’s power—has announced it will phase out coal burning over the next two decades, with a plan to generate at least 40% of its electricity from renewable sources by 2040. Patti Poppe, Consumers’ president and CEO, made the […]

Cybersecurity threats have increased dramatically as sophisticated, nation-state developed hacking programs have been leaked to the general public. Now, common criminals have high-tech tools at their disposal with the capability to cause serious damage. As such, the power industry must take precautions and upgrade security to keep systems safe. While regulations provide a minimum security […]

In a move designed to resolve a Sierra Club lawsuit before it was even filed, Talen Energy agreed to operate its Brunner Island Steam Electric Station, a 1,411-MW plant located in York Haven, Pennsylvania, only on natural gas during the ozone season beginning in 2023 and to cease coal operations altogether by the end of […]

The Trump administration’s fiscal year 2019 budget request released February 12 asks for more money to support fossil fuel-based power systems, but seeks funding below current levels for other energy initiatives, including renewable energy and energy efficiency. The energy funding is part of a $4.4 trillion budget that features large increases in military spending, along […]

After decades of lethargic power demand—and negative growth in 2017—U.S. electricity use is expected to grow steadily through 2050, driven by a healthy economy and increasing efficiency, the U.S. Energy Information Administration (EIA) projects in its Annual Electricity Outlook 2018 (AEO2018). However, during that period, direct-use generation will outpace growth in retail sales as more […]

NRG Energy, in a bid to shed $7 billion in consolidated debt, is selling the bulk of its renewable assets and development platforms along with several coal and natural gas power plants worth 3.6 GW tied to its South Central Generating business. The independent power producer, which recently relinquished bankrupt wholesale generator GenOn Energy to […]