Finance

Japanese technology conglomerate Hitachi will withdraw from Mitsubishi Hitachi Power Systems (MHPS), a joint venture it established in 2014 with another power equipment giant, Mitsubishi Heavy Industries (MHI), over a dispute stemming from construction of two massive defect-ridden coal plants in South Africa. Under a Dec. 18-announced settlement reached by MHI and Hitachi, Hitachi will […]

In the September issue of POWER , I wrote about a public utility (JEA) that is exploring privatization, and in October, I looked at a city (Boulder, Colorado) that is exploring municipalization. While I think

Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes […]

The U.S. Department of Energy (DOE) announced 12 projects had been selected as part of its Practices to Accelerate the Commercialization of Technologies (PACT) Laboratory Call. The projects will receive about $2.5 million in awards, combined with more than $1 million in cost share “to develop new ways to increase technology commercialization by reducing barriers […]

Environmental, social, and governance (ESG) risks are diminishing the number of potential investors in U.S. merchant coal projects, and that is putting more pressure on already squeezed coal plant economics, Moody’s Investors Service said in a new sector report.   The U.S. merchant coal plants, which are already grappling with persistently low power prices that […]

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

There are generally three types of electric power utility ownership structures: public power utilities, rural electric cooperatives, and investor-owned utilities (IOUs). The American Public Power Association

The design of a power plant often revolves around efficiency and mapping out operations in a manner that decreases unnecessary expenditures, while increasing productivity. This challenge produces the need for

Fifty years ago this July, NASA successfully landed men on the moon and safely returned them to Earth. In this year’s documentary about the mission, Apollo 11 , director Todd Douglas Miller draws on a

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]