Business

Europe is pursuing an ambitious energy transition to become the world’s first climate-neutral continent by 2050. To reach this goal, the region has set stringent targets to decrease reliance on Russian fossil fuels and increase the adoption of renewable energy across the power and transportation sectors. Significant strides are being made in developing solar and […]

The field servicing of boilers is challenging. Often there are tough deadlines to meet, limited outage windows, severe space constraints, and many other difficulties to overcome. Here are some key best practices Rentech has gleaned from servicing hundreds of boilers (Figure 1) over the years. Know-How from the Start Projects usually arrive via a call […]

Marking the first-ever revival of a nuclear power plant in the U.S., the Department of Energy (DOE) on Sept. 30 finalized a $1.52 billion loan guarantee to Holtec International to support the recommissioning of the 800-MW Palisades nuclear plant in Covert Township, Michigan. Separately, the U.S. Department of Agriculture (USDA) awarded electric cooperative Wolverine Power […]

In May, the U.S. Department of the Treasury and IRS released additional guidance on the Inflation Reduction Act’s (IRA’s) domestic content bonus, part of President Biden’s economic strategy to boost American manufacturing, and iron and steel production. The domestic content bonus credit is available to taxpayers that certify their qualified facility, energy project, or energy […]

A project that will demonstrate the conversion of a former coal mine in Bell County, Kentucky, into a utility-scale 287-MW pumped storage hydroelectric facility has garnered federal backing from the Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED). Rye Development, a pumped storage hydropower developer, on Sept. 25 secured $12.1 million—the first tranche […]

The UK government has narrowed its shortlist of technologies competing in its flagship Small Modular Reactor (SMR) competition to four candidates. On Sept. 25, it announced that Westinghouse, GE-Hitachi Nuclear Energy (GEH), Holtec Britain, and Rolls-Royce SMR remain in the running to negotiate potentially multi-billion-pound nuclear technology development contracts under the fast-track initiative aimed at […]

Rapid growth in the U.S. data center market is ushering in a new era of power demand and testing the ability of electric utilities to keep pace with this surging growth. Data center energy use has doubled over the past three years and is expected to continue climbing as more hyperscale data centers leveraging power-hungry […]

The U.S. Department of the Air Force has awarded Sage Geosystems an initial $1.9 million contract to demonstrate its pioneering geothermal baseload power and energy storage system at an off-site test well in Starr County, Texas.  When completed as planned in 2025, the demonstration will become the first Geopressured Geothermal Systems (GGS) facility in the […]

Pennsylvania has been a hotspot for nuclear power since the advent of commercial nuclear power, which it pioneered with first power from the 60-MW Shippingport Atomic Power Station near Pittsburgh in 1957.   Today, the state, the second-largest nuclear power generator in the U.S., hosts eight operating reactors. These include Constellation’s 2.77-GW Peach Bottom Atomic […]

Fusion energy is a promising form of power generation that aims to harness the same process that powers the sun and stars. Fusion involves combining two light atomic nuclei to form a heavier nucleus, releasing a large amount of energy in the process. This is the opposite of nuclear fission, which splits heavy atoms apart. […]