Business

The small modular reactor (SMR) concept has long been viewed by many within the nuclear sector and by policymakers as somewhat of an arriviste—an upstart with bold promises but lacking credibility and a track record. SMRs were touted to save the nuclear industry from its original sins of delays and cost overruns, typical for all […]

POWER magazine’s website gets millions of pageviews every year. Looking over the stats from 2023, the following five articles were the most-viewed by our audience, which includes many power industry professionals. Were you among the hundreds of thousands of readers of these stories? 5. Westinghouse Secures First Customer for eVinci Nuclear Microreactor (Nov. 27, 2023) […]

Boilers obviously play an important role in the power generation industry, providing the mechanism to convert heat produced by burning fuel into steam that can be used to drive a turbine to generate electricity. But many other industries also use boilers to produce steam for a variety of purposes. Boilers are commonly used for space […]

Germany-based RWE, among the world’s leading companies in development of offshore wind energy, said it will acquire three major projects off the East Anglia coast of the UK from Sweden’s Vattenfall in a $1.2 billion deal. RWE on Dec. 21 said the projects, each with planned generation capacity of 1.4 GW, are in the Norfolk […]

The Federal Energy Regulatory Commission (FERC) has unanimously approved the California Independent System Operator’s (CAISO’s) Day-Ahead Market Enhancements (DAME) and Extended Day-Ahead Market (EDAM) proposal, effectively allowing new market options to address challenges caused by increasing system variability and uncertainty in the West. FERC’s decision issued on Dec. 20, for the most part, accepts CAISO’s […]

Siemens Energy may be poised to become a crucial equipment and consulting partner for Oklo’s Aurora powerhouse, a liquid metal-cooled fast nuclear reactor. A memorandum of understanding (MOU) Oklo unveiled on Dec. 19 designates Siemens Energy to become Oklo’s potentially preferred supplier for the rotating equipment in the conventional island of the Aurora powerhouse, including […]

India’s largest solar photovoltaic (PV) module maker is moving some of its manufacturing to the U.S. Mumbai-based Waaree Energies on Dec. 21 said it would build its first U.S.-based facility in Brookshire, Texas, near Houston. Waaree, a major equipment supplier for the U.S. solar power sector, on Thursday said the new plant would have an […]

Following a difficult period for the renewable energy industry, firms must begin prioritising foreign exchange (FX) risk management against the rising threat of currency movements. It has been a tough year for the renewable energy industry. The post-COVID inflationary pressures that have gripped the global economy over the last two years are weighing heavily on […]

Negotiators from nearly every country in the world closed COP28 with a decision that—for the first time—formally recognizes the necessity of moving away from fossil fuels to achieve Paris Agreement targets. The decision, adopted on the last day of the two-week 28th Conference of the Parties (COP 28) to the UN Framework Convention on Climate […]

According to a guidebook issued by Sandia National Laboratories, a U.S. Department of Energy (DOE) multi-mission laboratory, microgrids are defined as a group of interconnected loads and distributed energy resources (DERs) that act as a single controllable entity. A microgrid can operate in either grid-connected or island mode, which includes some entirely off-grid applications. A […]