Archive: Business

Oconee_NRC_Duke Energy-nuclear-power-plant

CEOs Say Preserving the Nuclear Power Fleet Is Imperative

Several power-sector CEOs—appearing at the Bloomberg New Energy Finance (BNEF) Summit in New York this week—suggested that existing nuclear power plants should not be allowed to slowly vanish from the U.S. electricity grid under market pressure caused by cheap natural gas and the growth of renewable energy. The leaders submitted that nuclear power provides important […]

Solar Power Is Economical Today, but Comes With Challenges

Depending on the deployment location and competing energy prices, photovoltaic solar panels are among the most cost-effective power solutions being added to the grid today, often without subsidies and other incentives. The revelation came during a panel discussion—which included several CEOs from the power sector—that took place at the Bloomberg New Energy Finance (BNEF) Summit […]

Pioneer PSEG Improves Performance

PSEG is faced with providing economic and reliable power as demand and fuel prices fluctuate, while maintaining a profitable business.

POWER Notebook: First Order for Novel Gas Turbine; Three Mile Island Accident Turns 40; PG&E Pushes Back on Judge’s Proposal

Siemens, Three Mile Island, and Pacific Gas and Electric (PG&E) made notable headlines over recent days. Here is this week’s POWER notebook.  Siemens Bags First Order for 41-MW Aeroderivative Gas Unit Siemens on March 25 said it received its first order for its newest aeroderivative gas turbine offering—the SGT-A45. The buyer, Bayat Power, a subsidiary […]

GE-GT26-HE-gas-turbine-upgrade

First Gas Turbine Upgrade Blending GE and Alstom Technology Unveiled

GE introduced its GT26 HE (high efficiency) gas turbine upgrade on March 25 by announcing Uniper would be the first to install the new technology at the company’s Enfield Power Station in London, England. “We’re proud to launch our new GT26 HE upgrade with Uniper—it’s the most advanced solution we’ve ever introduced on a GT26 […]

Vogtle Loan Guarantees Praised, Criticized

Energy Secretary Rick Perry on March 22 said his department will guarantee up to $3.7 billion in additional loans to finance continued construction of two new nuclear reactors at the Vogtle plant in Georgia. While Perry and other government officials stressed the importance of the project to the U.S. nuclear industry, critics called it a […]

Siemens, Mitsubishi Discuss Merger of Turbine Units

A German business magazine reports that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi Heavy Industries (MHI). Manager Magazin on March 21 said Siemens “wants to accommodate the large turbine business of the Japanese Mitsubishi Group and in the future hold only a […]

Trump Administration Set to Guarantee $3.7 Billion to Finish Vogtle Nuclear Expansion

Energy Secretary Rick Perry will reportedly announce March 22 that the Trump administration will finalize $3.7 billion in loan guarantees to support completion of the Vogtle nuclear plant construction project. The announcement is expected when Perry visits the site near Waynesboro, Georgia, on Friday along with Georgia Gov. Brian Kemp and Southern Co. CEO Tom […]

How a Major Resort Owner Manages Its Power [PODCAST]

MGM Resorts International took a bold step in 2016 when it ended its energy-buying relationship with NV Energy and instead chose to purchase electricity from private providers. The company’s decision was driven by a desire to slash bills and boost renewables. Henry Shields, executive director of finance and analysis in the Corporate Sustainability division of […]

Renewables Provided 18% of U.S. Power Generation in 2018

Renewable generation in the U.S. has doubled over the past 10 years. In 2018, generation from solar, wind, hydro, and other renewables soared to a record 742 TWh—or 17.6% of total U.S. generation. According to the Energy Information Administration (EIA), since 2008—when renewables provided 382 TWh—wind generation rose from 55 TWh and generated 275 TWh […]

Gas Now Tops Coal in PJM, but Nuclear Still No. 1

A report from an independent market monitor for PJM Interconnection shows that natural gas-fired power generation topped coal-fired output in PJM in 2018, the first time that gas has topped coal in the history of the largest U.S. grid operator. The “2018 State of the Market” report from Monitoring Analytics LLC, which includes Volume 1 […]