Business

The Atomic Energy Act authorizes the Nuclear Regulatory Commission (NRC) to issue licenses for commercial power reactors to operate for up to 40 years. These licenses can be renewed for an additional 20 years at a time. The period after the initial licensing term is known as the period of extended operation. The decision to […]

In a bid to transition to a fully regulated business, Duke Energy will sell its unregulated utility-scale solar and wind group—a portfolio of 3.4 GW—for an enterprise value of $2.8 billion to pure-play renewable power platform Brookfield Renewable. The companies announced the transaction for a portion of Duke Energy’s Commercial Renewables business segment on June […]

It’s been two years since the historic Colonial Pipeline ransomware attack shut down one of the largest and most vital oil pipelines in the U.S. While this hasn’t been the nation’s only attack on power infrastructure, it’s the largest publicly disclosed and, at $4.4 million, it was also the most-costly. Since then, we’ve learned that […]

Temporary work zones are often required when constructing or rehabilitating power generation facilities and infrastructure. Safety is the essential factor in any industrial setting, and this is especially true when it comes to activities that disrupt normal operations. The introduction of vehicles, equipment, materials, and personnel to any environment can necessitate new strategies for keeping […]

Spanish energy giant Iberdrola announced it has finalized an agreement to sell much of its power generation portfolio in Mexico to that country’s government. The $6 billion deal, first announced in April and completed June 12, will see Mexico take state control and operation of several power plants, including a dozen natural gas-fired facilities that […]

A unique hydrogen blending project has entered commercial operation at the Linden Cogeneration Facility (Linden Cogen) in Linden, New Jersey. The project allows Linden Cogen’s Unit 6 gas turbine to operate on a blend of natural gas and refinery off gas containing hydrogen produced by the Phillips 66 Bayway Refinery, which is located adjacent to […]

Westinghouse Electric and Finnish utility Fortum will cooperate to explore developing and deploying AP1000 and AP300 reactor projects in Finland and Sweden.  The companies on June 7 signed memoranda of understanding (MOUs) to establish a framework of collaboration “for detailed technical and commercial discussions and explore cooperation on the next steps” to implement Westinghouse’s advanced […]

Advancements in nuclear power technology have brought several new companies into the sector, many of them working on innovative reactor designs and fuels to move the industry forward. One of those groups is newcleo, a company based in the UK with additional operations in Italy and France. The company began operating in 2021, and in […]

If you’re a marketer at an energy or water company, you could be forgiven for thinking customers are only interested in brand utility. The clue is in the sector name, after all. But even in an industry where function, service and price are front and centre, brands that overlook the growing importance of customer experience […]

The U.S. Department of Energy (DOE) announced the first round of awardees of the Milestone-Based Fusion Development Program. The program is the latest in a series of efforts designed to align public and private sectors toward fusion commercialization. “The Biden administration obviously sees enormous potential in fusion—harnessing the power of the sun and the stars […]