Business

Strengthens Balance Sheet and Demonstrates Confidence in Operations Enhances Financial Flexibility for Continued Strong Project Execution and Pursuit of New Opportunities New Capital Commitment Provided By Certain Existing Lenders and Shareholders HOUSTON, Nov. 18, 2020 /PRNewswire/ — McDermott International, Ltd (“McDermott” or the “Company”) today announced that it has secured approximately $560 million in new capital […]

SAN JOSE, Calif. (Nov. 18, 2020) — Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have won a competitive Request for Proposal (RFP) under the RE100 program to supply solid-oxide fuel cells (SOFC) powered by 100 percent hydrogen and electrolyzers to an industrial complex in Changwon, Korea. The RE100 […]

November 17, 2020 – Framatome today announced that it joined the Sizewell C Consortium, a group of more than 100 companies and organisations from across the U.K. working to design, supply and construct the proposed nuclear power station in Suffolk, England. “Working with the passionate and expert members of the Sizewell C Consortium, we are […]

WINDSOR, Conn. – TRC Companies (“TRC”), a leading technology-driven provider of end-to-end engineering, consulting and construction management solutions, has acquired 1Source Safety and Health, a firm that provides management consulting services in areas such as indoor air quality, asbestos management, industrial hygiene and safety management systems. “1Souce is a specialized firm with expertise in the […]

WALLINGFORD, Connecticut — Bladt Industries A/S, a global leader in foundations and substations for offshore wind, and Burns & McDonnell, a 100% employee-owned engineering, construction, fabrication and architecture company based in the U.S., have announced a strategic alliance to bring together resources and experience and create local jobs along the Eastern Seaboard. Under the alliance, […]

These Ten Steps May Help Power Companies Avoid Headaches, Delays, Higher Costs, and Legal Complications Jacqueline Greenberg Vogt, Esq. and Robert C. Epstein, Esq. The International Energy Agency projects the rapid growth of renewables, with solar at the center of this new constellation of electricity generation technologies. Hydropower remains the largest renewable source of electricity, […]

Tara, Ontario: Calhoun Super Structure today announced the launch of two new product lines – its Side Entry (SE) line of building profiles and its Gable (GB) line of building profiles – to be made available globally. The new Side Entry line consists of five profiles ranging in size from 20’ wide to 30’ wide […]

American Electric Power (AEP) will shut down or refuel 5.6 GW of its 2020 coal-fired power fleet by 2030 to comply with environmental rules—including recent revisions governing federal coal ash and effluent limitations—and rebalance its portfolio in a bid to meet ambitious climate goals.  The move is bold for the Columbus, Ohio-based generating giant, which […]

There is a growing trend toward clean energy around the world. A number of high-profile companies, including Google, Apple, Walmart, and more than 260 others, have set 100% renewable electricity goals, and power companies, too, have joined in the movement, with many targeting net-zero emissions in coming decades. However, most consumers have found it more […]

Neil Wright Vehicle-to-grid (V2G) technology is not new, but it is extremely nascent. To many, it is the natural progression from “smart charging,” whereby electric vehicles (EVs) are only recharged at the best time for the network, to a more holistic grid scheme. But V2G trials are unfolding slowly, as finding the right business model […]

Joe Biden on Nov. 7 clinched the 270 electoral votes needed to win the presidency, barring Donald Trump’s prospects for a second-term. Almost immediately, reactions from various parts of the power sector streamed in, highlighting possibilities and pitfalls of Biden’s wide-ranging energy and environment agenda.  Energy, and its implications on the environment, figured prominently as […]

By Mark Bole, CEO, Quortus There has been a sharp increase in the number of enterprises across the world looking to build private mobile broadband networks—2G, 3G, LTE, and 5G—over the past few years. Put simply, this has seen enterprises buy up radio spectrum to provide organizations with the freedom to create dedicated, optimized and […]

By some estimates, offshore wind energy has the potential to deliver 18 times the current global electricity demand. The International Energy Agency (IEA) has said offshore wind power could develop into a $1 trillion industry over the next two decades, so there’s obviously a lot of growth potential around the world. While the cost for […]

A pan-renewables organization has chastised the Department of Labor (DOL) for fast-tracking a new rule it has said is a “transparent attempt to slow the growth” of environmental, social, and governance (ESG) investing.  According to the American Council on Renewable Energy (ACORE)—a group that represents a wide range of renewables stakeholders including some of the […]

Joe Mease and Bryan Benoit, Grant Thornton LLP After serving as a primary source of electrical power generation for the last half-century, bankruptcies throughout the American coal mining industry in 2020 serve as the proverbial canary in the mine for the once dominant black nuggets found across the U.S. from the Appalachians to the Powder River Basin. […]

Hong Kong (China) / Ely (UK) / Rheinberg (Germany), November 2020 AUMUND Asia Ltd, located in Hong Kong China, is acting in the Asia Pacific Area and sells AUMUND, SCHADE and SAMSON equipment in all kinds of key industries such as Cement, Mining & Minerals, Chemical and Fertilizer Industry, Ports & Terminals and many others […]

A new clamshell split-frame machine for beveling and end prepping tube and pipe that features a new indexable module with a double-edge insert bit has been introduced by Esco Tool. HOLLISTON, Mass., Nov. 4, 2020 /PRNewswire-PRWeb/ — Esco Tool has introduced a clamshell split-frame machine for beveling and end prepping tube and pipe that features […]

New Perth Aeroderivative Services L2 facility and Tooling Store underscores GE’s commitment to provide local, flexible and faster support for aeroderivative power plant operators in Australia, which provide a total of over 2,300 MW, powered by GE’s aeroderivative technology With the first-of-this kind workshop in Australia, GE better positions itself to perform planned and unplanned […]

The successful refurbishment of Unit 2 at the Darlington Nuclear Generating Station marked a pivotal milestone for Ontario Power Generation’s 10-year, C$12.8 billion overhaul of the plant’s four CANDU

Decarbonization is posing a fundamental dilemma that could have widespread serious implications for the power sector: the clean energy transition, if not properly managed, could increase water stress, or be

In a bid to spur economic activity and thwart a COVID-19–related downturn, Australia’s government in September set out a strategy to reset domestic power and gas priorities to tamp down power prices and

Japanese firm JERA, a joint venture between TEPCO and Chubu Electric, on Oct. 13 issued a roadmap to achieve zero carbon emissions by 2050. The move is notable for the company whose business includes a sizable

Inspecting generators has always been a time-consuming and expensive job, yet one that needs to be done at regular intervals. An impressive new visual inspection robot can save owners many days of unnecessary

For nearly a century, the grid has been one, solid, hulking, inflexible machine. Now, with the rise of technologies like microgrids, distributed renewables, battery storage, and vehicle-to-grid applications, we can reimagine the grids that enclose our communities to be like those fictional spaceships.

At least eight cities have now dropped shares in the Carbon Free Power Project (CFPP), a 720-MWe NuScale Power small modular reactor (SMR) project proposed by Utah Associated Municipal Power Systems (UAMPS). Despite the Department of Energy’s (DOE’s) Oct.16–announced $1.4 billion, 10-year award to fund one-time costs for the first-of-a-kind project, four Utah cities withdrew […]

Fusion research and development have been ongoing for decades, and many people probably believe a fusion power system will remain out of reach for decades longer. But the truth is that more than 100 tokamaks have been constructed and the science behind fusion is well-understood. What has been elusive is generating net energy from a […]

WILMINGTON, North Carolina—October 29, 2020—GE Hitachi Nuclear Energy (GEH) announced today that Synthos Green Energy (SGE), a member of the Synthos Group S.A., has initiated discussions with Poland’s National Atomic Energy Agency (Państwowa Agencja Atomistyki – PAA) about a potential BWRX-300 small modular reactor project. Under the Polish Nuclear Act of 29 November 2000, before […]

With COVID-19 causing restricted access to facilities, Ecolab used mixed reality to safely install a PURATE™ chlorine dioxide generator at a leading midstream company’s facility. Mixed reality enabled Ecolab engineers to remotely “see” inside the plant and guide a single on-site field representative through installation, testing and implementation. With PURATE, this midstream company safely reduced […]

ARLINGTON, Va., Oct. 28, 2020 /PRNewswire/ — The AES Corporation (NYSE: AES) today launched a new brand to reflect its transformation as a leading energy company and announced product offerings to help organizations achieve their energy objectives. The company has aggressively led the world’s transition to cleaner energy and is executing an ambitious carbon reduction […]

Key Facts National Rural Utilities Cooperative Finance Corporation (CFC) selected FIS Commercial Lending Suite to consolidate loan origination and back office servicing. FIS Commercial Lending solution will consolidate CFC’s legacy lending systems into one fully integrated front to back solution JACKSONVILLE, Fla., October 28, 2020 – Financial technology leader FIS® (NYSE:FIS) today announced that it […]