Business

More than 300% increase in projected solar and wind generation development as compared to last year’s integrated resource plan update filing; Energy storage grows by more than 700% Reflects targets mandated in Virginia Clean Economy Act Diverse fuel mix provides reliability, affordability and regional emissions reductions Expansion of renewable and energy storage resources will put […]

SUMMIT, N.J., April 29, 2020 — Nautilus Solar Energy, LLC (“Nautilus”), a leading owner-operator of distributed generation and community solar projects located throughout North America closed a $90 million debt financing agreement led by National Bank of Canada “NBC” and including Royal Bank of Canada (“RBC”) as lender. The financing consists of a $75 million […]

Europe has a big head start globally when it comes to generating power from offshore wind installations. The U.S. has lagged due to a variety of factors, including the need to work through regulatory issues

Earlier this year, nuclear technology giant Framatome and power sector lifecycle management service company Kinectrics launched an Ontario-based joint venture, Isogen, whose mission is to enable the use of

Remote communities have become testing grounds for innovative power projects. These areas traditionally have been powered by fossil fuel generation, usually diesel fuel or oil and sometimes natural gas, and

A hundred metric tons of innovative fuel pellets derived entirely from biogenic and plastic waste material—which would otherwise be bound for a landfill—have been successfully produced, marking a

After several years of stagnancy, prospects for the geothermal power industry are heating up. Over the past year, it has seen a flurry of legislative boosts, an uptick of power purchase agreements, and

The Energy Information Administration (EIA) in February 2020 published capital costs and performance characteristic estimates for 25 new electric power generating technologies. These estimates come from global engineering and design firm Sargent & Lundy (S&L), which the EIA commissioned to help accurately reflect the changing cost of new power generation technologies for the Annual Energy […]

OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

Much has been written about renewable energy, but few stories have focused on the complexity of determining the optimal mix of solar and wind generation, and the kind and amount of energy storage, that

Electric vehicle adoption is expected to continue growing, especially in delivery and service company fleets. That means load demand could surge, particularly around charging depots, and utilities must plan

Maintaining grid reliability and stability is increasingly challenging as renewable energy resources are added to the power mix. Combining battery storage systems with gas turbine units can improve overall

The power industry is undergoing massive transformational change with the emergence of renewables, battery storage, smart grids, Internet of Things, Industry 4.0, and more. Perhaps the timing is right to

This is Part I in a series that identifies technology trends in the construction industry, and offers expert advice on how companies can prepare for changes that lie ahead. Predicting how technology will

Power plants across the U.S. are working to minimize water use in order to comply with regulatory requirements and offset the growing cost of water. This article offers some important recommendations to manage

Several industry-led developments and a possible new advanced nuclear demonstration have been announced since the White House working group laid out a national strategy to revive the nuclear industry last week. Centrus Energy on April 28 signed a letter of intent with Advanced Reactor Concepts (ARC), developer of a 100-MWe sodium-cooled fast-reactor design, that potentially […]

Finland’s Radiation and Nuclear Safety Authority (STUK), which regulates the nation’s nuclear power industry, completed a scheduled inspection of RAOS Project via Skype due to quarantine and travel restrictions caused by the COVID-19 pandemic. RAOS Project is a subsidiary of Rusatom Energo International, a division of Russia’s state atomic energy corporation Rosatom. RAOS Project is […]

Propelled in part by the White House Nuclear Fuel Working Group’s (NFWG’s) recent roadmap to strengthen the U.S. nuclear fuel cycle, the nation’s nuclear industry this week blazed ahead on efforts to energize a U.S. commercial fuel supply that it says will be crucial for the widespread development and deployment of advanced nuclear reactors.  At […]

Onshore wind and photovoltaic (PV) solar power are the cheapest forms of new-build power generation for at least two-thirds of the world’s population, according to analysis published by research company BloombergNEF (BNEF). Meanwhile, battery storage has become the lowest-cost new-build technology for peaking purposes in gas-importing regions, such as Europe, China, and Japan. BNEF reported […]

Braintree, MA — Competitive Power Ventures (CPV) celebrates Earth Day by announcing that more than 15 million tons of carbon dioxide (CO2) emissions have been avoided since 2011 because of the company’s new, highly-efficient electric generation facilities, which is the equivalent of removing more than 3 million cars from the road for a year. CPV […]

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]

Valmet has received an order from Zespół Elektrowni Pątnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its power plant in Konin, Poland. The order is included in Valmet’s orders received of the second quarter 2020. The value of the order is approximately EUR 20 million. The converted boiler plant […]

Ahead of most of the U.S., California state and local officials in the first weeks of March adopted some of the earliest and strongest steps to restrict movement and close non-essential businesses in order to fight the spread of the COVID-19 disease. One of the key challenges in implementing these “shelter-in-place” orders was how to […]

MOUNTAIN VIEW, Calif. (April 28, 2020) — As cities and corporations accelerate their adoption of electric trucks and buses, AMPLY Power, the leader in charging solutions for fleets, has secured $13.2 million in Series A funding from investors, including Soros Fund Management and Siemens. They are joined by existing seed round investors, including Congruent Ventures, PeopleFund, and Obvious Ventures. AMPLY Power platform, called […]

WASHINGTON, D.C. (April 28, 2020) – The U.S. Department of Energy (DOE) today announced selections to receive funding to accelerate advanced nuclear technology development. There are two selections – one to support site preparation for a future domestic advanced reactor demonstration project and one for an advanced reactor regulatory licensing grant. The projects have a […]

April 28, 2020 — Flender, a leading global supplier of mechanical drives and a subsidiary of technology giant Siemens has announced plans for a expansion into Western Australia with a new state-of-the-art facility in Tonkin Highway Industrial Estate in Bayswater. The move comes as Flender continues to grow in the region and looks to expand […]

Over 2 Million Tons of Ash from Retired Coal-Fired Power Plant Will Be Beneficially Used in Concrete Industry LOUISVILLE, KY (April 28, 2020) – Charah® Solutions, Inc. (NYSE: CHRA) (the “Company”), a leading provider of environmental and maintenance services to the power generation industry, today announced that it recently was awarded a Closure by Removal […]

U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are […]

One of the two remaining operating reactors at the Indian Point Energy Center in Buchanan, New York, will close for good on April 30, shutting down early as part of an agreement between Entergy, the plant’s operator, the state of New York, and environmental groups who had pressured officials to close the plant. The 1,020-MW […]

Flagship power plant and equipment firm Mitsubishi Hitachi Power Systems (MHPS) plans to change its name to “Mitsubishi Power” once it receives approval from antitrust authorities in several countries. The rebrand announced by the Yokohama, Japan–headquartered MHPS on April 24 will reflect a change in ownership announced in December, when Japanese technology conglomerate Hitachi said […]