Business

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of power infrastructure improvements required for Ohio’s rapidly expanding data center industry. The agreement, which is subject to review and approval by PUCO, sets a precedent […]

Simple cycle gas turbines provide efficiency levels of around 35% to 40%. Combined cycle units boost efficiency to 60% and beyond. But another option is emerging that combines the attributes of simple and combined cycle designs. This hybrid configuration uses a single power turbine expander and recycles exhaust heat back to the combustor to combine […]

The European Commission, the executive arm of the European Union (EU), has said countries across the continent should be encouraged to deploy energy storage. The group has said storage will support the integration of renewable energy resources to the grid, and increase power system flexibility. The use of energy storage also is key to Europe’s […]

The U.S. Department of Energy (DOE) has awarded contracts with a total potential value of $8 million to four nuclear fuel companies to further U.S. enrichment capabilities for high-assay, low-enriched uranium (HALEU), a critical piece of the next-generation nuclear supply chain. The selected companies include Centrus Energy’s American Centrifuge Operating, URENCO’s Louisiana Energy Services, Orano […]

With the 2024 U.S. presidential election rapidly approaching, energy mergers and acquisitions (M&A) professionals are considering how a new presidency could impact the transaction planning, structuring and execution of deals, including how the candidates are likely to approach regulation, especially around M&A. Both candidates are prioritizing different energy subsectors as part of their economic vision […]

A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light water small modular reactors (SMRs) in the U.S. It will also provide funding for “fast follower” deployment support by addressing critical gaps that have long […]

The power generation sector is looking at numerous ways to provide enough electricity to satisfy demand from data centers. Bloomberg Intelligence recently said its research shows data centers, buildings filled with servers and other computing equipment for data storage and networking that supports operations and artificial intelligence (AI), could be responsible for as much as […]

Japan’s Sumitomo Corp and Perennial Power Holdings Inc., a subsidiary of Sumitomo Corp. of Americas, have set up a joint venture with Virginia-based CEP Solar LLC to deliver renewable energy projects across Virginia. The companies said the JV will provide support for the state’s energy supply, in part to help with power demand from Virginia’s […]

In yet another major set of deals spearheaded by a tech giant in support of nuclear power development, Amazon will back the deployment of 5 GW of new X-energy small modular reactor (SMR) projects by 2039, starting with an initial four-unit 320-MWe Xe-100 plant with regional utility Energy Northwest in central Washington. Separately, Amazon signed […]

Dennis Wamsted and Seth Feaster at the Institute for Energy Economics and Financial Analysis recently wrote a commentary looking at Energy Capital Partners’ (ECP) deal to take over ownership of the General James M. Gavin coal-fired power plant in Ohio. The 2,709-MW Gavin plant is ranked as the fifth-largest carbon dioxide-emitting power plant in the […]