Business

Sunnova Energy Corp., an energy-as-a-service (EaaS) provider, has snagged a first-of-its-kind conditional federal loan guarantee commitment of up to $3 billion for a project that could further future virtual power plant (VPP) deployment. The Department of Energy (DOE) Loan Programs Office (LPO) on April 20 said it would provide a partial loan guarantee for up […]

Rayburn Electric Cooperative, headquartered in Rockwall, Texas, announced on April 19 that it has entered into a definitive agreement to acquire ownership of the Panda Sherman Power Plant. The Sherman facility is a 758-MW natural gas–fueled combined cycle unit located in Grayson County, about an hour north of Dallas. The plant will be renamed Rayburn […]

It’s no secret that leaders around the world are searching for ways to decarbonize their electric power grids. While solar panels and wind turbines have been the main options utilized in this effort in recent years, both are intermittent resources. Therefore, backup generation is required to keep power grids reliable. In many situations, that means […]

The future of transportation and energy storage will be powered by a range of carbon-neutral technologies, and batteries will play a major role. As part of the effort to reduce manmade carbon emissions and mitigate climate change, governments worldwide have passed measures in recent years to spur the transition to electric vehicles (EVs) as well […]

Several energy industry experts recently spoke with POWER for a feature article on electrification that appeared in the April 2023 issue. There are many aspects to electrification, and its adoption is having a variety of impacts on different sectors across power generation and the overall energy landscape. From energy efficiency to sustainability practices, electrification is a key […]

Though discussions of fugitive emissions are not new in power and processing facilities, they remain a focal point of most plants’ operational plans because they can harm profitability if they are not addressed. As governmental agencies like the U.S. Environmental Protection Agency (EPA) aim to curb fugitive emissions, it becomes ever more important to make […]

COMMENTARY The American grid is reaching a tipping point. With electric vehicles (EVs) making up 5% of all new vehicle sales last year, there is an urgent need to prepare for the unprecedented strain that will be placed on the U.S. power grid as adoption continues to ramp up—and this is to say nothing of […]

Perhaps the most devastating thing that could happen in any developed country would be widespread catastrophic damage to its electric power grid. Nearly everything in an industrialized nation relies on electricity to function. Without it, normal water supplies, sewer systems, and communication services are cut off. Furthermore, things like food and transportation are quickly affected […]

General Electric (GE) said it will supply its H-Class turbine technology for the expansion of a natural gas-fired power plant in Brazil, part of that country’s strategy to add baseload generation to the nation’s power grid to support the integration of renewable energy. It is GE’s second order for turbine technology at the site in […]

Considering the unfathomable costs of unabated climate change, it stands to reason that even the most elementary investment thesis for the energy transition merits sincere consideration. And with the enormous sums of public and private capital committed these last few years toward the companies, technologies, and projects that promise to drive climate change mitigation and adaptation, it would appear […]