Finance

In the early 2010s, the Electric Reliability Council of Texas (ERCOT) was staring down the barrel of dangerously low reserve margins, a combination of growing demand and an energy-only wholesale market that

Furthering efforts to encourage clean energy innovation, the Energy Department released a funding opportunity announcement (FOA) to support the research, development, and demonstration of advanced reactor concepts. The announcement represents an early step in increasing investment in nuclear advanced reactor technologies, which have the potential to provide substantially enhanced operational performance, safety, security, economics, and […]

Talen Energy Corp. announced on July 20 that it has agreed to acquire MACH Gen LLC, which owns three combined cycle, natural gas–fired power plants with more than 2.5 GW of total capacity for $1.175 billion. Talen Energy was formed on June 1 when PPL Corp. spun off its PPL Energy Supply business and combined […]

With the increasing number of technical and economic changes affecting the power industry, the value of women in the workforce has never been higher. This follow-up to our 2008 special report, “Workforce Management Lessons from Women in Power Generation,” looks at how having women visible throughout the industry can make it more successful.  For our […]

The sixth annual ARPA-E Summit wrapped up on Wednesday, and though there were too many sessions to cover in depth, here is a mini-summary by way of selected interesting comments. Speaker photos (where available) follow the comment. “Any disruptive technology will not fit an existing market.” —Brian Janous, Director of Energy Strategy, Microsoft “[The energy […]

“The coolest thing on Earth” is, according to its new director, a young federal agency that has a unique focus on pushing technology frontiers and an “unblinking attention” to market realities. One thing you can say for sure about the energy world, said Dr. Ellen Williams (Figure 1), incoming director of ARPA-E (Advanced Research Projects […]

Persistently low prices on the wholesale electricity market are forcing RWE—the third-largest electricity provider in Europe, serving 16 million customers—to consider dismantling some gas-fired power plants and shipping them abroad, Dr. Rolf Martin Schmitz, RWE’s COO, told Reuters in an interview. The German-based company has been struggling for awhile. In August 2014, RWE announced that […]

Much has been made recently of Mexico’s energy sector reforms, and because those reforms are still in being implemented, it can be useful to compare their progress with the outcome of previous reforms in Latin America. (A condensed version of this material appears in the January 2015 print issue of POWER: “Can Mexico’s Electricity Reform […]

As the global electric power industry continues to develop clean, high-quality energy capacity for sustainable development, the position of small hydropower has changed. In the past few decades, small hydropower development in China has experienced positive momentum, but there are still problems to be solved. To solve these problems, various relationships within the small hydropower […]

“When pigs fly” is a figure of speech used to express disbelief that a particular situation will ever come to pass. For the power industry, several recent and emerging developments are the equivalent of