Business

A long-term energy strategy unveiled by leaders of the United Arab Emirates (UAE) in early January suggests that the federation on the Arabian Peninsula will increasingly rely on renewables to power its soaring economic growth. The UAE’s energy strategy was unveiled by Vice President Sheikh Mohammed bin Rashid Al Maktoum, who is prime minister of […]

Construction of four AP1000 units—the first new nuclear reactors in the U.S. in decades—is moving along at Vogtle 3 and 4 in Georgia and at the V.C. Summer nuclear power plant in South Carolina. In January, Westinghouse, which is spearheading construction of the units, marked a key milestone as it placed the first steam generator […]

Rolls-Royce SMR Design Gets Research Center’s Technology Support. Efforts to bring a proposed small modular reactor (SMR) developed by Rolls-Royce to the UK market will have the backing of the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC), a collaboration of academic and industrial partners underpinned by the University of Manchester, and other industry partners, including […]

Stricken by falling prices, producers of liquefied natural gas (LNG) are looking to exploit an emerging trend that integrates the fuel source with power generation. According to Houston-based international law firm Baker Botts, an increasing number of LNG power projects are emerging worldwide as a “new, viable medium” that offers a rapid but long-term power […]

Risk is inherent in all businesses, but power plants face unique perils that require the right protection. Property and casualty insurance may not be enough; equipment breakdown, business interruption, weather risk transfer, and cyber coverage are just a few examples of insurance that may also be worth considering. The right coverage could mean the difference […]

Southern Co.’s Kemper County integrated gasification combined cycle (IGCC) project, stricken by steep cost increases and an in-service date delayed again to mid-March, isn’t economically viable in the face of projected long-term natural gas prices, the company said. Southern Co. subsidiary Mississippi Power reported that integrated operation of the facility’s two gasifiers and combustion turbines […]

Financially hemorrhaging in 2016 due to uneconomic power plants in its fleet, FirstEnergy Corp. said it may exit the competitive generation business by mid-2018, and shutter its nuclear plants in Ohio, even though it will back legislation to subsidize nuclear power. In a fourth quarter earnings call on February 22, officials from the Akron, Ohio–based […]

The utility owners of the Navajo Generating Station (NGS) in Arizona have voted to shut down the 2,250-MW coal-fired power plant in December 2019. The decision to close the plant on tribal land near Page along the border with Utah was based on the “rapidly changing economics of the energy industry,” which has seen natural […]

Remote and online monitoring of plant performance parameters is an important step toward a fully connected plant, but alone it’s not enough to exploit the real value in the Industrial Internet of Things, speakers at POWER’s inaugural Connected Plant Conference on February 15 in Dallas said. Randy Bickford, president and CTO of software firm Expert […]

Denmark’s DONG Energy is the latest in a string of power companies that are shunning the use of coal in future generation fleets. The company said on February 8 it will stop burning coal completely by 2023 in its power stations, replacing it with sustainable biomass. The measure is part of a company-wide transformation towards […]