Business

While power outages are not uncommon in the U.S., widespread blackouts that last more than a couple of hours are pretty rare. However, this summer marks the 20th anniversary of one of the most significant blackouts in North American history. The incident didn’t just affect the U.S., but also major parts of Canada. The blackout […]

Energy transition is progressively being adopted globally, pushing combined cycle gas turbines (CCGTs) to embrace flexible operation also on islands. CCGTs are, or will be, ramping loads up and down to accommodate intermittent renewable power inputs into the grid. These maneuvers compromise operational stability and jeopardize plant availability. Plant trips on small to mid-size islands […]

Centrus, a firm poised to demonstrate high-assay, low-enriched uranium (HALEU) production, will partner with microreactor technology developer Oklo on several pioneering steps to build out the HALEU front-end supply chain, including pivotal commercial deconversion capabilities. The landmark collaboration could also make Centrus one of Oklo’s first commercial power off-takers for two reactors planned in Southern […]

Westinghouse Electric Company signed a long-term agreement with Slovenské elektrárne to license and supply VVER-440 fuel assemblies to its nuclear power plants in Slovakia. Westinghouse said the agreement “supports Slovakia’s energy security and diversification of nuclear fuel.” Slovakia has five operating nuclear reactors (Bohunice 3 and 4, and Mochovce 1, 2, and 3) and one […]

The North American Reliability Corporation (NERC) will for the first time consider “energy policy” among five significant evolving and interdependent risks to grid reliability. In its latest biennial ERO Reliability Risk Priorities Report, the designated North American Electric Reliability Organization (ERO) identifies energy policy as a new risk priority alongside grid transformation, resilience to extreme […]

Canada’s federal government has committed C$74 million ($55 million) to support SaskPower’s potential deployment of a 300-MW small modular reactor (SMR) in the mid-2030s. Federal agency Natural Resources Canada on Aug. 19 confirmed that up to C$50 million is designated for SaskPower from the agency’s C$250 million Electricity Predevelopment Program. Another C$24 million will be […]

The writer Lewis Carroll famously said, “If you don’t know where you are going, any road will take you there.” Well, the road the utility industry is currently on is perhaps the bumpiest and most circuitous one it has ever seen, and knowing where it is going, or needs to go, is paramount. Utilities find […]

Competitive Power Ventures (CPV) said the company’s new 1.2-GW Three Rivers Energy Center in Illinois has entered commercial operation. The natural gas-fired facility, built in collaboration with GE Vernova’s Gas Power business, features two generating blocks, each with a GE 7HA.02 gas turbine, an STF-A650 steam turbine, a W84 generator, and GE’s integrated Mark* Vle […]

As the global push toward sustainable energy gains momentum, solar power stands at the forefront of this transformative movement. There are many sustainable solutions presented by solar energy, the comparative economics against traditional grid power, and the bright future that lies ahead. In just 10 years, renewable energy’s share of U.S. electricity generation has doubled—from […]

American Electric Power (AEP), one of the nation’s largest power producers, has completed the sale of its 1,365-MW unregulated contracted renewables portfolio to an Invenergy-led consortium. IRG Acquisition Holdings (IRGAH)—a partnership between Invenergy, CDPQ, and funds managed by Blackstone Infrastructure Partners—confirmed the close of the transaction on Aug. 16 for a $1.5 billion enterprise value. […]