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Finance


Last Energy Secures PPAs for 34 SMR Nuclear Power Plants in Poland and the UK

Last Energy, a U.S.-based micro modular nuclear technology firm and project developer, has secured power purchase agreements (PPAs) for 34 PWR-20 small modular reactor (SMR) units with four industrial partners…



Understanding How Securitization Can Help with Power Plant Retirements

Power companies across the nation are being pressured to retire fossil-fueled power plants and transition to cleaner energy resources. But many existing fossil plants have not been completely paid off…


Siemens Gamesa Posts Nearly $1 Billion Quarterly Loss

Siemens Gamesa chief executive Jochen Eickholt acknowledged equipment failures in both the company’s onshore and offshore wind turbines, leading to higher warranty provisions, contributed to a nearly $1 billion net…


10 Near-Term Global Power Sector Trends

While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. This year will begin with the world “in…


Risk Mitigation: An Essential Prerequisite for Inflation Reduction Act Funding

The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a…


GE Hitachi Formally Enters BWRX-300 SMR in UK Race for New Nuclear 

GE Hitachi Nuclear Energy (GEH) has submitted a Generic Design Assessment (GDA) entry application for its BWRX-300 small modular reactor (SMR) to UK authorities, kicking off a key regulatory process…